Terra’s creator opted to use bitcoin (BTC) as a reserve asset for the enterprise. Almost all of the BTC at the LFG bitcoin address came from the hot wallet on Binance. The Luna Foundation Guard’s bitcoin wallet was valued at $1.1 billion on March 26, 2022. After Terra’s inventor Do
Terra’s LUNA has been the best performing altcoin for the past few years while the activities of its network have been effective. The co-founder of Terra has actively been posting a couple of updates earlier this month regarding BTC reserves. Following this, Terra purchased about $125 million worth of Bitcoins
The price volatility of most crypto assets makes staking inappropriate for most clients. The Anchor liquidation pool is a higher-risk, higher-reward product. Withdrawals may be made quickly, and depositors get a low-volatility interest rate of 19.5 percent, one of the highest among stablecoins. bLUNA and bETH may be used as
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
Venus Protocol launched the LUNA and UST markets on March 22nd. LINK’s active address also experienced a rise. Let us take a look at the top 3 DeFi cryptocurrencies by volume. Avalanche (AVAX) Web3 developers center of excellence the Avalanche blockchain and smart contract platform has been bolstered by a
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
Terra is experiencing a bullish rally for the past few days and continues the upward momentum. It has already surpassed the performance of Cardano and Solana while capturing the 7th rank by market capitalization. The value of the native token LUNA has surged from $24 to nearly $100 within the
The bullish trend might push the LUNA up by 11% and retest the 100 barrier level. It seems that KNC held its own throughout this consolidation phase of the market. Let us look at the top 3 altcoins to watch out for in March 2022. THORChain (RUNE) THORChain (RUNE) is
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
