Korean Police Request LFG Asset Freeze: KBS

Several exchanges are due to meet with South Koreas ruling party to discuss the Terra depeg incident, and whether they should be accountable for investors lost funds. Police Investigating LFG...

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Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation

The Avalanche indicates that Luna Foundation Guard (LFG) has no plans to sell the AVAX tokens in its treasury. (Read More)

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Terra’s LFG Reveals What Happened to Its Bitcoin Reserves

The Luna Foundation Guard revealed early Monday in a tweetstorm that it had sold off almost its entire Bitcoin reserve in the failed attempt to prevent the meltdown of its...

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Avalanche drops 30% on fears Terra's LFG will dump AVAX next

Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff.

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LFG Poised to Maintain TerraUSD (UST) $1 Peg as the Organization Reportedly Raises Additional $2 Billion

Terra is doing everything possible to win back investors’ trust in a bid to bolster the value of its stablecoin back to the $1.00 peg.   The Luna Foundation Guard (LFG), the nonprofit organization responsible for ensuring that TerraUSD (UST) maintains its $1.00 peg, has been doing everything to ensure the stablecoin regains its $1 […]

The post LFG Poised to Maintain TerraUSD (UST) $1 Peg as the Organization Reportedly Raises Additional $2 Billion appeared first on The Crypto Basic.

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Terra’s LFG to Deploy $1.5B to “Protect the UST Peg”

The Luna Foundation Guard said Monday that it plans to lend $750 million in Bitcoin and 750 million UST to over-the-counter trading firms to help protect the UST peg after...

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Luna foundation guard pulls ahead in Bitcoin backing for UST

The Luna Foundation Guard (LFG), a non-profit dedicated to the Terra environment, said on Thursday that it has purchased $1.5 billion in bitcoin (BTC) for its stablecoin reserves. LFG announced that it had purchased 37,863 bitcoins ($1.5 billion) through over-the-counter swaps with Genesis Trading and Three Arrows Capital. One billion dollars came from an OTC […]

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BREAKING: Luna Foundation Guard (LFG) Purchases $1.5 Billion Bitcoin (BTC) to Boost Its Stablecoin Reserve 

The Luna Foundation Guard (LFG) has made another groundbreaking purchase of Bitcoin (BTC) to bolster its reserve for its native stablecoin dubbed Terra USD (UST).  According to a CNBC report today, the non-profit organization that oversees the Terra blockchain, purchased a whopping $1.5 billion, which draws the company closer to its goal of amassing $10 […]

The post BREAKING: Luna Foundation Guard (LFG) Purchases $1.5 Billion Bitcoin (BTC) to Boost Its Stablecoin Reserve  appeared first on The Crypto Basic.

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Terra Expands Stablecoin Reserve by Purchasing $100m worth of Avalanche Tokens

The Luna Foundation Guard (LFG), primarily focused on the Terra blockchain, expands its TerraUSD (UST) stablecoin reserve by purchasing $100 million worth of Avalanche tokens. (Read More)

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Luna Foundation Purchases 5,040 BTC, Terra Reserves Rise to 35,767 Bitcoin

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 bitcoin lost 3.9% against the U.S. dollar during the last 24 hours. LFG Buys the… More

The post Luna Foundation Purchases 5,040 BTC, Terra Reserves Rise to 35,767 Bitcoin appeared first on BTC Ethereum Crypto Currency Blog.

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Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K

Price action is struggling, giving Terra and Do Kwon the perfect opportunity to "buy the dip." Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC.Terra buys… More

The post Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K appeared first on BTC Ethereum Crypto Currency Blog.

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$4B non-profit established to stabilize UST stablecoin

With a market cap of more than $170 billion, stablecoin adoption is exploding.

The post $4B non-profit established to stabilize UST stablecoin appeared first on CryptoSlate.

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