Luna Foundation Guard Clarifies Bitcoin Reserve Transfers!

The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem's stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem's latest catastrophe. To try to keep the value of UST stable, the group sold some of the bitcoins it possessed immediately and exchanged …

Timeline of Bitcoin, Terra-luna

Bitcoin mining survived the ban in China as the contribution to the network from September 2021 to January this year has been second only to the one of the United States so let's read more today in our latest Bitcoin news. China is contributing a huge chunk of the world's BTC mining operations despite the

A one-of-a-kind incident in the crypto market was the Terra [LUNA] debacle of last week. With spiraling investors and the start of a never-ending blame game, clouds of uncertainty haunt the market even today.

Global watchdogs will regulate stablecoins after the Terra fiasco which wreaked havoc on the market and urged the regulators to take action faster so let's have a closer look at today's latest cryptocurrency news. The dramatic collapse of Terra's UST stablecoin wreaked havoc on the industry and accelerated the plans to regulate the market.

Bitcoin in a longer time frame appears to be pretty unsure of its upcoming move, but in the short-term, the asset is on the verge to make a huge move. In a 4-hr chart, the price is swinging with a bullish symmetrical triangle and approaching the apex of the consolidation. However, after a brief consolidation, …

Mawson, a digital infrastructure provider, has collaborated with one of the largest landowners in Texas and a bitcoin miner to develop a new mining facility in Texas. Plans for a New Bitcoin Mining Project Digital infrastructure provider Mawson Infrastructure Group…

Bitcoin price remained well bid above the USD 29,000 level, formed a base, and jumped above USD 30,000. It is currently (11:46 UTC) showing positive signs near USD 30,400 and might gain pace if it clears USD 31,200. BTC is up around 1% in a day and a week.

Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Foundation (LFG) to repeg UST it was unsuccessful.

The South Korean Government is reportedly planning to summon Terra founder Do Kwon for a parliamentary hearing over the Terra crash. The move comes after Terra's value imploded from over $40 billion to barely $1 billion in the span of a week.

Terra continues to falter and dipped below $0.04 while Bitcoin maintained the $30,000 price level so let's have a closer look at our latest altcoin news. UST continues to chart new lows as Terra continues to falter below $0.04 and BTC stands slightly over $30,000.

Last week's crypto crash leads to $1.2 billion in BTC liquidations while Terra's LUNA went to zero so let's read more in today's latest altcoin news. Some bitcoin traders saw their accounts wiped out in the last week's correction and the derivatives traders lost over $1.2 billion in liquidations.