Do Kwon News

07.05 / 05:29

UPS Digital Bitcoin Luna Terra: From UST to TVL, all the reasons why LUNA might be gearing up for a rally

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 Three Arrows Capital.

29.04 / 23:23

markets Ethereum avalanche Ava Labs Terra Usd Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its large footprint in the decentralized finance (DeFi) landscape.

26.04 / 19:41

business Blockchain Stablecoin Adoption What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market Report

The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the top three trending altcoins you might want to consider looking at in 2022.

19.04 / 10:55

cryptocurrency Bitcoin Luna Do Kwon, "King Of The Lunatics", Becomes Bitcoin's Most-Watched Whale

This year, a group led by Do Kwon wowed the laser-eye crowd by buying more than $1.5 billion in Bitcoin.

18.04 / 08:31

business Blockchain Stablecoin data Terra Usd Terra Terra's UST flips BUSD to become third-largest stablecoin

The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market.

15.04 / 09:05

business Blockchain Stablecoin Terra Usd Terraform Labs Bitcoin Terraform Labs gifts another $880M to Luna Foundation Guard

Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices.

14.04 / 18:01

business Blockchain Technology avalanche Ava Labs Terra Usd valuation Ava Labs raises $350M at $5.25B valuation: Report

According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made public. Ava Labs is the lead developer of the Avalanche (AVAX) blockchain.

13.04 / 11:03

Stablecoin USDC Terra Bitcoin Luna Foundation Guard Buys Additional USD 100M in Bitcoin, Now Holds BTC 42.4K

The Luna Foundation Guard (LFG), a nonprofit organization established in the Republic of Singapore dedicated to creating a reserve protocol for the algorithmic stablecoin UST, has purchased an additional USD 100m worth of bitcoin (BTC), increasing its total holdings to just over BTC 42,400 (USD 1.7m).

12.04 / 13:45

cryptocurrency economy Money Bitcoin Reserve Cryptoverse: Is Bitcoin about to become a reserve currency?

A crypto platform's pledge to amass $10 billion (€9.2 billion) worth of Bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown Bitcoin as the reserve currency of a new age.

12.04 / 13:33

cryptocurrency Tesla Terraform Bitcoin Reserve Cryptoverse: 10 billion reasons bitcoin could become a reserve currency

bitcoin to back its own «stablecoin» is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data. The spree follows Terraform co-founder Do Kwon's announcement on Twitter last month that the project would buy the $10 billion worth of bitcoin reserves to underpin TerraUSD, breaking ranks with other large stablecoins — a ballooning class of cryptocurrencies that aim to minimise wild price swings and are typically backed by U.S. dollar reserves.

12.04 / 12:07

UPS cryptocurrency Bitcoin Reserve Can Bitcoin Become A Reserve Currency? Top Reasons

Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion.

11.04 / 19:37

markets Stablecoin Altcoin Drop Weekly Support Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?

Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism.

09.04 / 02:01

UPS ETH Terraform Labs Bitcoin Luna Terra chooses AVAX over ETH, BNB, and SOL to back UST

It seems the crypto industry has learned its lesson about backing stablecoins with fiat – or with rumors of fiat. At least, Terra has understood the assignment and is far from going down the same route, as its non-profit organization buys Bitcoin in order to back the TerraUSD [UST] stablecoin.

08.04 / 07:47

Stablecoin Adoption defi Terra reserves Terra buys $200M in AVAX for reserves as rival stablecoins emerge

Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of AVAX tokens from the Avalanche Foundation.

06.04 / 15:41

ETH BTC XRP BNB Bitcoin Drops Despite New Terra’s BTC Purchase, Ethereum Dives Even More

Bitcoin price spiked below USD 45,000 and is currently (11:30 UTC) consolidating losses near USD 44,900. A close below USD 45,000 might start another decline in the near term. The price is now down almost 4% in a day.

06.04 / 11:39

markets Stablecoin Bitcoin Bitcoin Price Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K

Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.

05.04 / 12:33

markets Stablecoin Bitcoin Bitcoin Price Future Reserve Biggest future BTC whale explains why Bitcoin was chosen for 'decentralized Forex reserve'

Bitcoin (BTC) is the collateral asset of choice for the world's biggest decentralized stablecoin, and one of its top executives says there was no other.

04.04 / 05:21

UPS Strategy Terra Usd Terraform Labs Bitcoin Luna ATH LUNA: Why a new ATH doesn’t tell us the whole story

LUNA is enjoying quite a bit of press attention and love from bulls right now. But, does that automatically mean Terra is up in terms of adoption? As it goes, there’s evidence to support both sides.

01.04 / 20:57

Stablecoin community Terra Bitcoin Terra’s USD 10B Bitcoin Bet May be Both a Curse and a Blessing

Terra (LUNA) founder Do Kwon’s plan to partly back the stablecoin UST with bitcoin (BTC) is causing both excitement and concern in the community, with some fearing what could happen to the bitcoin market if Terra faces problems with trust or liquidity.

31.03 / 12:03

markets Investments Tesla Bitcoin 'Hold my beer' — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla

Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests.

31.03 / 04:31

BTC Lowe's Bitcoin Bitcoin takes on a bullish structure but is expected to face resistance here

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

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