It is worth noting that this is not the first time TFL will be making LUNA donations to the Luna Foundation Guard. The network’s guiding organization, the Luna Foundation Guard (LFG), ... LUNA Crypto Shaves 99% of Value as UST Sinks Lower. The Luna Foundation Guard, a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, ... Its latest BTC acquisition, according to CNBC, saw it close a $1 billion over-the-counter swap with crypto prime broker Genesis for $1 billion in UST. Additionally, crypto Twitter (CT) influencers are deleting tweets that discuss UST and LUNA in a positive light. According to a Twitter thread Do Kwon published after the LFG Council “voted to deploy 1.5B in … The Luna Foundation Guard, a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, ... Its latest BTC acquisition, according to CNBC, saw it close a $1 billion over-the-counter swap with crypto prime broker Genesis for $1 billion in UST. Last month, Do Kwon, the CEO of Terraform Labs announced that the company has made a donation of 12 million LUNA valued at $1.2 billion at the time of the transaction to LFG. First, I … The intention is for the chain to be “community-owned” and target a 7% inflation rate through staking rewards. The outspoken founder of Terraform Labs, Do Kwon, as said the Luna foundation Guard (LFG), a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, is “not trying to exit its bitcoin position” after the organization loaned $1.5 billion in BTC and UST. The new Luna would be airdropped to Luna Classic holders, stakers, Terra holders and app developers of Terra Classic. The Terraform Labs will put the proposition up for an governance vote on Wednesday. The intention is for the chain to be “community-owned” and target a 7% inflation rate through staking rewards. 4347 Total views 63 Total shares The network’s guiding organization, the Luna Foundation Guard (LFG), ... LUNA Crypto Shaves 99% of Value as UST Sinks Lower. Luna Foundation Guard becomes top 10 Bitcoin holder. Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg LFG continues its path to $10B in Bitcoin and is now spending UST in order to make the purchases. Furthermore, the crypto liquidity provider Genesis explained that … The LUNA crypto began losing this past weekend. The new Luna would be airdropped to Luna Classic holders, stakers, Terra holders and app developers of Terra Classic. Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. The Terraform Labs will put the proposition up for an governance vote on Wednesday. Liam 'Akiba' Wright. The LUNA crypto began losing this past weekend. On March 26, 2022, onchain data shows the Luna Foundation Guard’s bitcoin wallet holds 24,954.95 BTC worth $1.1 billion. Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg The Luna Foundation Guard (LFG), the entity that acts as a resolve protocol for the algorithmic stablecoin UST, has added another $100 million in bitcoin (BTC) to its wallet. The Wikimedia contributor community has requested that the Wikimedia Foundation, a non-profit that funds Wikipedia and other sister projects, should cease accepting donations in cryptocurrency, following a three-month debate over the ethics of using the technology.. US-based software developer Molly White, who edits Wikipedia under the … Real Vision says that the bot has had an “astonishing” record as it outperforms the aggregated bucket of the top-20 crypto assets on the market by more than 20%, simply by taking surveys from traders.. The Luna Foundation Guard (LFG), the group in charge of maintaining the dollar peg of UST, the Terra ecosystem’s algorithmic stablecoin, has broken its silence to explain how the funds in its custody were used. The Luna Foundation Group has said it will sell some of its massive bitcoin reserves to prop up UST again, while luna crashed 45%. In a new tweet, Real Vision announces that decentralized stablecoin issuer Terra (LUNA) has reclaimed the top spot of most heavily weighted digital assets at 70%. The firm also bought $500 million from cryptocurrency hedge fund Three Arrows Capital. According to a Twitter thread Do Kwon published after the LFG Council “voted to deploy 1.5B in … The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds. Luna Foundation Tried to Prop Up Terra’s Crumbling Base With Billions in Bitcoin, But It Still Failed The LFG emptied its reserve coffers last week, going from 80,000 bitcoin to … Real time Terra (LUNA) stock price quote, stock graph, news & analysis. The Luna Foundation Guard (LFG), the entity that acts as a resolve protocol for the algorithmic stablecoin UST, has added another $100 million in bitcoin (BTC) to its wallet. After receiving a $1.1 billion donation last month, the Luna Foundation Guard has received another 10 million LUNA tokens from Terraform Labs. The Guard of the Luna Foundation Explains Backup Actions. Luna Foundation Tried to Prop Up Terra’s Crumbling Base With Billions in Bitcoin, But It Still Failed The LFG emptied its reserve coffers last week, going from 80,000 bitcoin to … Bitcoin’s price is down more than 50% from its November 2021 peak and has fallen over 11% today, nearing the $30,000 mark, leaving many investors scrambling to figure out what’s going on. ... $27 billion in derivatives, and $14 in active crypto loans though LFG has only used its spot services. Real time Terra (LUNA) stock price quote, stock graph, news & analysis. Furthermore, the crypto liquidity provider Genesis explained that … Last month, Do Kwon, the CEO of Terraform Labs announced that the company has made a donation of 12 million LUNA valued at $1.2 billion at the time of the transaction to LFG. The outspoken founder of Terraform Labs, Do Kwon, as said the Luna foundation Guard (LFG), a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, is “not trying to exit its bitcoin position” after the organization loaned $1.5 billion in BTC and UST. The firm also bought $500 million from cryptocurrency hedge fund Three Arrows Capital. Luna Foundation Guard (LFG) will lend $1.5 billion in bitcoin (BTC) and terraUSD (UST) to defend the peg of its algorithmic stablecoin to the U.S. dollar. Additionally, crypto Twitter (CT) influencers are deleting tweets that discuss UST and LUNA in a positive light. The crypto industry has been asking where the Bitcoin and other assets went since they moved over 80,000 BTC to exchange wallets last week. It is worth noting that this is not the first time TFL will be making LUNA donations to the Luna Foundation Guard. 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