Luna Foundation Says Plans to Repay Terra Investors Thwarted by Litigation Woes

The plans to compensate affected Terra users is still far from reality. (Read More)

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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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Luna Foundation blames litigations for non-distribution of assets to Terra holders

Luna Foundation Guard (LFG) tweeted October 7 that its effort to distribute the remaining assets of the failed Terra ecosystem to the token holders has been frozen due to ongoing litigations.

The post Luna Foundation blames litigations for non-distribution of assets to Terra holders appeared first on CryptoSlate.

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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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Terraform Legal Team Quits – Is It Over for LUNA?

After a supposed change in job status for several employees of Terraform Labs’ legal team, the ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn. Terraform Labs’ internal legal staff resigned shortly after Terra’s algorithmic stablecoin imploded, causing a massive blow to the broader crypto markets. Terraform Lab’s general lawyer […]

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What Terra’s Collapse Teaches About ‘Crypto’ and Bitcoin

As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency.

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Luna Foundation Is Battling as UST Crashes Again

The Luna Foundation Guard (LFG) has been fighting to save its embattled UST stablecoin, which has yet again fallen out of favor with the dollar. If the enormous crypto market crash wasn’t horrible enough, the collapse of the world’s third-largest stablecoin ecosystem has just added to the flames. The Luna Foundation Guard, a Singapore-based non-profit […]

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Exchange Inflows Spike As LFG Moves Bitcoin Reserves

The Luna Foundation Guard was forced to send a majority of its holdings to exchanges as it tried to hold the dollar peg for its Terra stablecoin.

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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 Holds Nearly 40,000 BTC, Making It Nineteenth Largest Bitcoin Holder

In Q1, Do Kwon, the founder of Terra, outlined plans to purchase $10 million worth of Bitcoin.

Continue reading Luna Foundation Holds Nearly 40,000 BTC, Making It Nineteenth Largest Bitcoin Holder at DailyCoin.com.

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Luna Foundation Buys Another 4,130 Bitcoin - Surpassing Tesla's Holdings, Bringing Their Total to 39,897 BTC...

The Luna Foundation still needs to purchase another $8.2 billion in Bitcoin to reach its goal, but their holdings are already quite impressive.  

In addition to their stash of Bitcoin, the foundation also holds $563 million in USDC and USDT stablecoins, and earlier this week announced a planned $100 million purchase of avalanche (AVAX) to continue to diversify their reserves.

Market Reaction... Missing.

However, the Luna Foundation's purchase of 4,130 Bitcoin had no effect on the cryptocurrency markets.

The reason is most likely a deal conducted outside of exchanges, which allows them to avoid slippage (raising the price on themselves), which also means not filling any sell orders - in short, everything is done in such a way that it is impossible to move the price, except for how other traders react to the news.

 At the time of writing, BTC is hovering around the $43k support level.

Where Do We Go From Here?

Indicators are now in a neutral zone, none are screaming 'buy' or 'sell' at the moment. 

This could result in lower prices before another rally, but if it manages to hold at this level or higher for the next few days that stability could attract buyers, once again building up momentum.  I'm watching for it to break the $48k resistance zone and open the door to $50k or even higher fairly soon.

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Author: Adam Lee 
Asia News Desk | Breaking Crypto News

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Luna Foundation Buys $100 Million in AVAX for Stablecoin Reserve: AVAX Rallies

After purchasing 35,767 BTC in its ambitious promise to buy $10 billion Bitcoin to back its UST stablecoin reserves, the Luna Foundation Guard (LFG)

Continue reading Luna Foundation Buys $100 Million in AVAX for Stablecoin Reserve: AVAX Rallies at DailyCoin.com.

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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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Could LUNA Hitting a New ATH Ignite a BTC and Crypto Bull Run?

LUNA hit a new all-time high of $113.57 and could ignite a bull run as its foundation keeps buying Bitcoin.

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