Tag Archives: Luna Foundation Guard

Investors have lost a significant chunk of their savings from the damage caused by the Terra [LUNA] crash. Well, the incident sent shockwaves across the crypto ecosystem, dragging down the entire market. Around $45 billion was wiped off the two tokens’ market cap within a week- for starters. ‘Enough is Enough’ In light of theContinue reading “This is how Terra fiasco is forcing South Korean regulators’ hand”

The mid-week lull was swiftly broken as Bitcoin fell below the $30,000-mark – yet again. While you might feel the urge to blame world events or broader market factors for this dip, you’d be well advised to think again. Strange movements are afoot, and their ripples might just be the trigger for Bitcoin’s latest fallContinue reading “The LUNA of it all – Why Bitcoin fell below $30K”

Stablecoins rose to fame following the trust factor; the value of stablecoins is based on people’s trust in the company holding the collateralized reserve asset. But, that trust may waver on occasion. The third-largest stablecoin by market cap Terra USD (UST) appears to be in chaos as it continues to lose value against the U.S.Continue reading “The ‘chaos’ check of UST and what lies ahead for its LUNA-tic cost “

Terra (LUNA) has extended its Bitcoin buying spree, becoming the second-largest corporate holder of the top cryptocurrency. As per this acquisition, the Luna Foundation Guard (LFG) purchased $1.5 billion worth of BTC as per the official annoucement. It did so via an over-the-counter deal with full-service digital currency prime broker Genesis and crypto trading firm ThreeContinue reading “Terra: From UST to TVL, all the reasons why LUNA might be gearing up for a rally”

For investors looking for a refuge as their portfolios started to bleed, Terra [LUNA] looked like a safe bet. However, at press time, LUNA too seemed to be celebrating a Game of Thrones-style red wedding as it recorded both significant daily and weekly losses in price. As LUNA and the other top nine cryptos struggleContinue reading “Terra: Despite UST’s $2B reserves, why is LUNA having a bad day”