Category: UST Stablecoin

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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