The announcement comes after reports that over a billion dollars of Terra's bitcoin reserves are unaccounted for.
The Luna Foundation Guard (LFG), official stewards of Terra's bitcoin reserves, released a statement on Monday documenting how they dispersed millions of dollars worth of crypto in their failed attempt to maintain the peg of stablecoin terraUSD (UST).
Timeline of Bitcoin, Terra-luna
Luna Foundation Guard breaks silence on state of Terra reserves, looks to compensate users - The Block
LFG said it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. The post Luna Foundation Guard breaks silence on state of Terra reserves, looks to compensate users appeared first on The Block.
Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries - BeInCrypto
El Salvador president Nayib Bukele has announced that 32 central banks and 12 financial authorities will convene in the country to discuss bitcoin. The post Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries appeared first on BeInCrypto.
Terra validator wants old chain shut down - Cryptopolitan
Terra has continued to settle down after a series of decline runs to reach its lowest level since its creation. Although all that is now partly over, its community is still very far from impressed.
Where Are the $3.5 billion Terra's Bitcoin Reserves, Should this be a Matter of Concern? - CoinPedia
The Terra Foundation after accumulating a huge number of Bitcoins worth billions surprised the entire crypto space as it stood as the second-largest BTC holder after MicroStrategy. However, things got messed up as the TerraUSD(UST) got de-pegged heavily which destabilized the LUNA price too. And as speculated by many LUNA Foundation Guard emptied all their …
Breaking: Luna Foundation Guard Member Says Terra Reserves En Route - Coingape
A high-ranking member of the Luna Foundation Guard (LFG) said on Monday that the foundation's reserves are almost ready to be deployed, barring a few technicalities. The reserves will be largely targeted towards helping small wallets, and supporting builders and stakers on Terra.
President Nayib Bukele hosts 44 countries in El Salvador to discuss Bitcoin - Cryptopolitan
El Salvador's president Nayib Bukele announced in September 2021 that the Central American nation would be the first to accept Bitcoins as legal currency. The government spent $105 million on it, after which the government bought more in 2022.
Bitcoin bull Bill Miller remains bullish despite the recent crypto market correction - Tokenpost
The crypto market correction sent the prices tumbling with Bitcoin (BTC) trading below $27,000 and Ethereum (ETH) dropping below $2,000 last week. However, long-time Bitcoin bull Bill Miller remains unfazed by the steep decline in prices and remains bullish on the cryptos potential.
CZ Binance Would Like To See Bigger Transparency From Terra's Team - DCForecasts
CZ Binance would like to see bigger transparency from Terra's team and shared his opinion on what happened with Luna so let's read more today in our latest cryptocurrency news. The CEO of the world's biggest crypto exchange Binance said that he expected some more transparency from Luna's team after last week's UST-LUNA fiasco.
Bitcoin (BTC) Closes Its Seventh Successive Bearish Candlestick - BeInCrypto
After breaking down from a long-term structure, bitcoin (BTC) has managed to bounce at the $28,700 Fib support area. The post Bitcoin (BTC) Closes Its Seventh Successive Bearish Candlestick appeared first on BeInCrypto.
Binance CEO ”CZ” Says The Exchange Does Not Hold Any Of Terra's UST - Coingape
Binance CEO “CZ” in a tweet on Monday clarified that the exchange did not buy, and does not own any UST. Any UST the exchange had was from trading fees, and is now valued close to zero- following a severe crash in the token.
