Luna Foundation Guard (LFG) in Singapore has already collected $2.2 billion. Selling UST in exchange for Tether brought in $1.2 billion. On Tuesday, Terra founder Do Kwon tweeted that UST’s bitcoin holdings will be increased to $10 billion. The Luna Foundation Guard has now collected $2.2 billion and is on
On Tuesday, a $125 million BTC acquisition was widely discussed on social media. Terra purportedly transferred $125 million worth of USDT to Binance. On March 21, 2022, Terra’s creator, Do Kwon, spoke about Terra’s purchase of billions of dollars worth of bitcoins (BTC). Also, questioned why BTC reserves were a
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
The burn will enable the LFG to mint around 372 million in UST. Earlier in February 2022, the LFG raised $1 billion. The Luna Foundation Guard, situated in Singapore, continues to carry out its mission of assisting in developing the Terra blockchain ecosystem. The non-profit organization has now voted in
Cryptocurrency prices are likely to be volatile, as is best known for. Today’s volatility is going in the right direction. Investors need to remember that the crypto industry has produced enormous wealth over the last several years, despite this current dip in the market. It’s hard not to be intrigued
Singapore, Singapore, 5th January, 2022, SYN CITY, the first-ever mafia metaverse, has selected Balancer’s user-friendly version, Copper Launch, to handle its upcoming token launch auction. SYN CITY is following in the footsteps of GuildFi and Merit Circle who both raised more than $100 million apiece during their respective token auctions
The UST earned from the burn will go into the community pool. The coin’s scarcity may drive up the price of LUNA. Terra, a smart contract-enabled algorithmic stablecoin venture, approved two requests to burn $4.5 billion of its native token, LUNA, in community pools. Furthermore, the burn will occur every
XDEFI Wallet, the browser wallet built for speed, announced today its integration with Terra, the 4th largest blockchain ecosystem by total value locked (TVL). While the integration was live for a number of weeks and undergoing testing, it is now live to all XDEFI Wallet users. Émile Dubié, CEO and
The global cryptocurrency community is buzzing with excitement as Nate Geraci, president of the ETF Store, predicts the imminent approval of spot Ethereum exchange-traded funds (ETFs). This anticipation has significantly influenced Ether’s market performance, ETH has climbed over the $3,300 zone. Currently, Ethereum (ETH) is trading at $3,348, reflecting a
The emerging entertainment studio and gaming ecosystem, Pixelverse, has concluded a fundraising round headed by tier-1 venture capital funds and well-known founders from the Web3 and gaming sectors. Over 15 million users have joined the Pixelverse gaming ecosystem in less than a month after it launched, and $5.5 million has been raised to support its
