Do Kwon was requested to appear in front of the Korean parliament. Kwon has put up a proposal to salvage the ecosystem. The steep decline of Terra (LUNA) and the algorithmic stablecoin UST have been hot topics in the crypto community. It’s now been sought by the South Korean Conservative
$750 million BTC was used for restoring peg value by lending to OTC trading firms. 28,205 BTC was transferred to an unknown account on Binance Exchange. Luna Foundation Guard, the firm of Terra, has been stacking BTC in reserve for emergency rescue. The ultimate goal of Do Kwon, Co-founder of
Lending BTC and UST to maintain consistency in LFG Reserve Pool. Attain a $10 Billion BTC target by the 2022 third quarter-end. The LFG, the company backing Terra, has tweeted about their preventative action to avoid future market instability like the one they faced during the previous week. Insights on
Zilliqa has been up 2.90% in the last 24 hours. MIR is meant to be a community-driven, decentralized initiative. Let us look at the top 3 altcoins set to explode in 2022. Mirror Protocol (MIR) Terraform Labs’ (TFL) Mirror Protocol, created on Terra’s blockchain, uses MIR as its governance token.
LFG currently possesses almost $3.5 billion worth of BTC. Luna Foundation Guard aims to gather up to $10 billion in Bitcoin. Luna Foundation Guard (LFG), a Terra Luna-affiliated Singapore-based Non-profit organization, has collected an additional $1.5 billion to add to its already sizable Bitcoin (BTC) reserve. Using the funds raised,
BTC holders and accumulators are on the rise now. MicroStartegy owes to be the biggest BTC holder. High hopes for BTC to spiral up. Since the start of the month of April, 2022, the Bitcoin (BTC) market has indeed been flourishing. Though the performance of BTC is not the point
In terms of the wealthiest Bitcoin wallets, this address has risen to #33. Do Kwon said that the foundation would buy $3 billion worth BTC in the immediate term. For its stablecoin reserves, the Luna Foundation, led by Do Kwon, has already bought 24,954.96 BTC in total. The entire worth
The Luna Foundation Guard may deploy its BTC reserve on-chain in a reserve mechanism. The Terra (LUNA) price has risen by more than 5% in the last 24 hours. A total of 2,830 BTC (about $133.5 million) have been added to Terra Foundation’s wallet to reach the $10 billion BTC
Some Terra supporters think it will soon overtake ETH in the DeFi finance sector. On Monday, the 14th, the debate reached epic proportions. There has been a mixed response for the Terra ecosystem (LUNA) since the recent growth of the stablecoin algorithm connected to the UST dollar and the appreciation
DOGE and SHIB had lost more value than they had gained. Both meme-coins were showing signs of recovery. On December 3, the crypto market suffered a big correction and massacre. However, The market is steadily rising recently. However, Terraform Labs’ native cryptocurrency, LUNA, and a few new entrants into the
