Bitcoin News / Bitcoin.com - 10 months ago
Following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its founder Changpeng Zhao (CZ), the crypto economy experienced a substantial decline of over 5% against the U.S. dollar, reaching a total valuation...
Bitcoin News / Google News Bitcoin - 1 year ago
Jack Dorsey's Block Will Stimulate Lightning Network With Own Bitcoin Reserves - Block (NYSE:SQ)& & Benzinga
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
CZ’s company hired Mazars to audit its Bitcoin reserves after FTX’s crash shook faith in crypto exchanges.Mazars reported that Binance’s BTC reserves were fully collateralized at a 101% ratio.The global auditor verifie...
Cryptocoins News / Blockchain - 1 year ago
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao ().
Sharing his insights on the Binance...
Bitcoin News / Bitcoin.com - 1 year ago
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend UST’s $1 parity. On Friday, the bloc...
Bitcoin News / Bitcoinist - 2 years ago
The nonprofit organization focused on the Terra ecosystem Luna Foundation Guard (LFG) now holds almost 28,000 bitcoin, which translates to $1.3 billion out of its $10 billion total target aimed to back TerraUSD (UST).
Related Reading | Terra (LUNA) W...