Distribution of assets is 'not possible at this time', says Luna Foundation Guard

The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers.

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Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation

In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins. (Read More)

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Luna Foundation Guard Funds Were Requested to Be Frozen by the South Korean Police

Police in South Korea has sent warnings to cryptocurrency exchanges, requesting the freezing of funds linked to the Luna Foundation Guard. On Monday, Korean authorities sent a request to the country’s largest cryptocurrency exchanges, urging that funds not be transferred. The Luna Foundation Guard was specifically asked by the Seoul Metropolitan Police Agency not to […]

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Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more...

Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”.

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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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TerraUSD Stablecoin Plunges Below $0.95

The TerraUSD stablecoin (UST) is now valued at close to $0.95 as the asset’s market value continues to decline. TerraUSD Falls by Five Cents Terra’s UST stablecoin has fallen 5%...

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Terra Faces Danger Despite LFG’s Bitcoin Accumulation

Terras LUNA is approaching a crucial support level that could define its future price action. As the macroeconomic outlook worsens, LUNA is at risk of a steep decline. Terras LUNA...

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Terra Purchases $1.5 Billion Worth of BTC to Become Second-Largest Corporate Bitcoin Holder

The Luna Foundation Guard (LFG) has purchased an additional $1.5 billion in its move to accumulate Bitcoin worth $10 billion.

Continue reading Terra Purchases $1.5 Billion Worth of BTC to Become Second-Largest Corporate Bitcoin Holder at DailyCoin.com.

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Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC

Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST. The recent purchase of Bitcoin was carried out in two transactions: $1 billion with Genesis Trading and $500 […]

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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

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Terra’s Do Kwon Planning to Dump Bitcoin to Zero: Sources

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Terra Now Sixth Biggest Crypto With Jump to New High

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Here’s How LUNA Is Breaking Away From The Competition

While Bitcoin is making a strong recovery from the lows, LUNA is butting up against new all-time highs. What’s setting the Terra blockchain apart from the competition? Covered: LUNA Pumpamentals Massive Money Is Backing Terra UST If Luna makes a new ATH and saves the market then I will name my first born child Do […]

The post Here’s How LUNA Is Breaking Away From The Competition appeared first on CryptosRus.

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