Category: Terra Blockchain

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was […]

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Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch

Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch

At 12: 14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. This post was updated at 3: 00 p.m. (ET) to reflect the fact that the Terra […]

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Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now holds 80,394 bitcoin in its reserves currently worth just under $3 billion using today’s exchange rates. Luna Foundation Guard Scoops up 37,863 Bitcoin On May […]

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Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million

Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million

On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve […]

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Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve

Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve

Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra network with Avalanche ecosystems. LFG to Add $100 Million in Avalanche Backing to […]

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Terra’s recent developments set LUNA on bullish path amid wider crypto market turmoil

LUNA, Terra’s native cryptocurrency, is adding gains and recording multiple new all-time highs, despite broader market depression. The Terra blockchain now ranks 3rd in terms of TVL in the DeFi ecosystem, only surpassed by Ethereum and BSC after surpassing Solana. As the rest of the crypto market grapples with the recent bearish turn, Terra (LUNA) […]

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