2022-5-12 15:22 |
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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For various reasons, Terra has had a dominating run on the headlines for the last couple of weeks. It has been stocking up Bitcoins along with AVAX for its UST reserves as well as Do Kwon’s stateThe post Why LUNA has been facing a tough time despite multiple tailwinds to support it appeared first on AMBCrypto.
2022-4-14 09:30 | |
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Terra has been making waves in the stablecoin and staking space for its features and returns. However, with the success of the network, there have been other blockchains that have sprung up with similar offerings to try to get a piece of the pie from Terra.
2022-4-9 02:00 | |
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This OTC deal to add the said AVAX tokens to UST reserves makes AVAX the first major cryptocurrency besides bitcoin to find its way into the stablecoin’s reserve.
2022-4-9 21:47 | |
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Avalanche’s native token (AVAX/USD), has received overwhelming support after it was announced that it would be added to the reserves backing the UST stablecoin. The Luna Foundation Guard (LFG) Plans to buy $100M AVAX tokens to be used for UST reserves.
2022-4-9 20:11 | |
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The two main organizations behind the development of the Terra blockchain have purchased a combined $200M in AVAX, while Near Protocol is rumored to release a new stablecoin.
2022-4-9 07:36 | |
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DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants.
A frantic effort to rescue UST continues as Bitcoin weathers the storm to receive a $35,000 target next.
Regardless of Bitcoin price action, institutional players are putting their money where their mouth is this month.
Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin “in perpetuity” to back new mints of its TerraUSD stablecoin.