On March 26, the Luna Foundation Guard (LFG) held 24,954.95 bitcoin and during the last five days, LFG’s bitcoin wallet accumulated 5,773.02 bitcoin. At the time of writing, LFG’s wallet now holds 30,727.97 bitcoin worth more than $1.4 billion using today’s exchange rates. In a relatively short period of time, LFG’s bitcoin wallet is up…
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During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address shows over the last four days, there’s been 660.6 million tethers sent out of the foundation’s wallet. Do…
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On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly 2% lower during the last 24 hours. Anchor Protocol Is Changing the Application’s Earn…
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A third tranche of USDT leaves a wallet thought to hold funds earmarked to purchase at least $3 billion of Bitcoin. Bitcoin (BTC) returned to $43,000 on March 24 as new purchases by Blockchain protocol Terra fuelled optimism. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView The BTC buys keep coming Data from Cointelegraph Markets Pro…
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Just recently, Terra founder Do Kwon hinted at purchasing $3 billion in bitcoin to bolster the protocol’s reserves and according to a number of reports and blockchain analysis, Terra purchased $125 million worth of bitcoin on March 21. The following day, bitcoin’s fiat value jumped to a high of $43,079 per unit and there’s been…
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Terra founder Do Kwon hinted at a future purchase of $3 billion worth of bitcoin to supply the reserves of the protocol in a recent Twitter Space shared with bitcoin enthusiast Udi Wertheimer. In the same Space, Do Kwon explained the new mechanics that the Terra ecosystem is introducing in order to use bitcoin as…
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Terraform Labs, the company behind the creation of Terra, has announced a new donation to support the ecosystem of the terra (LUNA) token. Do Kwon, CEO of Terraform Labs, announced that the company has donated 12 million LUNA (approximately $1.2 billion) to the Luna Foundation Guard (LFG) with the goal of continuing to grow its…
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Terra, one of the top 10 cryptocurrency projects by market cap, has reached a UST-related milestone recently. The Luna Foundation Guard (LFG), a nonprofit organization, reported that the protocol had reached the maximum daily issuance of its flagship stablecoin, UST. This is due to high demand that interested parties are showing in minting the asset.…
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A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the…
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The move is designed to maintain the stablecoin savings protocol’s lucrative yield of approximately 20% per annum. In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol’s…
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