Cryptocoins News / NewsBTC - 1 year ago
On-chain data shows Bitcoin exchange reserves have now reached new 4-year lows, a sign that could prove to be bullish for the crypto’s price.
Bitcoin Exchange Reserve Has Sunk Down Further Recently
As pointed out by an analyst in a CryptoQuant post,...
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...
by COINS NEWS - 1 year ago
USDT had always been perceived as the pillar in the stablecoin segment of cryptocurrencies, but with the recent crash of UST just a couple of days ago, real concerns have emerged over the true stability of the USDT token itself… with escalating globa...
Bitcoin News / Bitcoinist - 1 year ago
On-chain data shows the USDC exchange reserves have started to trend downwards recently, a sign that buyers may be exchanging the coin for Bitcoin and other cryptos.
USDC Reserves On Exchanges Have Fallen Down Over The Past Few Days
As pointed out by...
Bitcoin News / Bitcoin.com - 2 years ago
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization so...
Cryptocoins News / The Cointelegraph - 2 years ago
Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT), resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion.The amount withdrawn from the top stablecoin is nearly...
Bitcoin News / Bitcoin.com - 2 years 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
Terra, through the Luna Guard Foundation (LFG), has been purchasing bitcoin to use as reserves for its UST stablecoin. This has gone well according to plan and out of the $10 billion worth of bitcoin founder Do Kwon said that the foundation would be...
Cryptocoins News / The Cointelegraph - 2 years ago
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s (UST) peg to the United States dollar. The Singapore-base...
by COINS NEWS - 2 years ago
Background As part of Tethers settlement with the NY Attorney General they are required to publish quarterly reserve reports. Extract from the settlement: "Publication of Tether’s Reserves: On at least a quarterly basis for a period of two (2)...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin has started a recent downtrend that is threatening its position above the coveted $40,000 level. This is presumed to be caused by major sell-offs in the market. However, exchange metrics continue to show that this is not entirely the case. E...
Cryptocoins News / NewsBTC - 2 years ago
Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sittin...
More / Bitcoin Reddit - 2 years ago
I posted this article as a link yesterday. Reposting as text so it's easier for redditors to read. Please leave comments on what you think, and leave a clap at the original medium article if you like it. :)TLDR: To answer the question on whether Nati...
Bitcoin News / Bitcoinist - 2 years ago
Terra has been making waves in the stablecoin and staking space for its features and returns. However, with the success of the network, there have been other blockchains that have sprung up with similar offerings to try to get a piece of the pie from...
Cryptocoins News / The Cointelegraph - 2 years ago
Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of Avalanche (AVAX) tokens from the Avalanche Foundation. TFL, the company responsible for the development of the Terra blockcha...
Cryptocoins News / The Cointelegraph - 2 years ago
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna's (LUNA)...
Bitcoin News / Bitcoin.com - 2 years ago
On April 6, onchain data shows the Luna Foundation Guard’s (LFG) bitcoin wallet has added 5,040 bitcoin to its reserves. The added funds were worth roughly $221 million at the time of settlement. LFG managed to purchase the bitcoins while bitc...