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Terra Buys Another 2,943 BTC Worth $140 Million to Build its Stablecoin Reserves

After announcing intentions to release a stablecoin backed by BTC reserves worth in total of $10 billion, Terra has begun accumulating. The latest purchase came earlier today, and the blockchain…

Continue ReadingTerra Buys Another 2,943 BTC Worth $140 Million to Build its Stablecoin Reserves

Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC

During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin…

Continue ReadingLuna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC

Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote

On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the…

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Onchain Data Shows Terra’s Luna Foundation Continues to Stack Bitcoin

This week there’s been a lot of talk about Terra’s Luna Foundation purchasing bitcoin to hold in its reserves pool. Onchain data shows the organization’s wallet has transferred at least…

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Terra’s Founder Do Kwon ‘Looks Forward to Building With Bitcoin’ — Project Reportedly Acquires $125M in BTC

Just recently, Terra founder Do Kwon hinted at purchasing $3 billion in bitcoin to bolster the protocol’s reserves and according to a number of reports and blockchain analysis, Terra purchased…

Continue ReadingTerra’s Founder Do Kwon ‘Looks Forward to Building With Bitcoin’ — Project Reportedly Acquires $125M in BTC

Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application

While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased…

Continue ReadingAnchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application

Technical Analysis: LUNA, AMP Jump Over 20% Higher on Friday 

Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day’s bulls. Terra’s LUNA also surged, climbing by as much as 20% during Friday’s…

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