Tags : Guard

Litecoin

Luna Basis Guard Loans $1.5B in Bitcoin, UST to Shield

Drastic instances name for drastic measures. And at the moment, the Luna Basis Guard (LFG), a non-profit supporting all issues Terra (LUNA), has voted to lend $1.5 billion in crypto to guard its native stablecoin.  The group’s council voted to lend out $750 million in Bitcoin from its reserves and $750 million in TerraUSD (UST) […]Read More

Cryptocurrency

Luna Basis Guard Buys One other $1.5B in Bitcoin to

The Luna Basis Guard (LFG) simply made its largest Bitcoin buy but: 37,863 cash, value $1.5 billion on the time of writing.  That just about doubles the Guard’s earlier reserves from 42,530.82 BTC as much as 80,394 BTC. The group reportedly facilitated the acquisition by swapping $1 billion in UST stablecoin for Bitcoin with Genesis […]Read More

Litecoin

Luna Basis Guard Provides to Terra Reserves With $880M LUNA

The Luna Basis Guard (LFG) has obtained one other $880 million in crypto following its $100 million Bitcoin buy on Tuesday—this time within the type of a “reward” from Terraform Labs, the builders of the Terra blockchain. The LFG, liable for constructing the reserves backing the TerraUSD (UST) stablecoin, reported whole reserves value $2.3 billion […]Read More

Cryptocurrency

Luna Basis Guard to Purchase $100 Million in Avalanche to

The folks behind Terra aren’t simply shopping for up Bitcoin. They’re now turning their sights to different crypto property. The Luna Basis Guard (LFG), a nonprofit that desires to develop the Terra platform, introduced it should buy $100 million in Avalanche‘s native AVAX token. This follows LFG’s latest purchases of $1 billion in Bitcoin. LFG’s […]Read More