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UST Stablecoin Falls Below Dollar Peg for Second Time in 48 Hours
9.5.2022
The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend the UST’s dollar peg
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
9.5.2022
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great...
Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash
9.5.2022
The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
9.5.2022
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST
Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg
9.5.2022
The move comes after UST briefly lost its peg to the U.S dollar over the weekend
UST briefly loses peg, Luna Drops 10%
8.5.2022
UST briefly lost its dollar peg on Saturday, leading to questions around whether Terra’s Bitcoin reserves will soon face their first test
Bomb Money Will Peg With BTC After the Recent Growth on the BNB Chain
15.4.2022
Bomb Money is a BNB chain token that is built on Binance. It is pegged to Bitcoin. In other words, the value of Bomb Money varies depending on the fluctuations in the value of Bitcoin. The proprietary protocol of Bomb Money conducts the creation and removal of BOMB tokens. Binance extends...
Neutrino USD Loses Peg as WAVES Dives, But Developer Claims It Will be 'Absolutely Fine Very Soon'
5.4.2022
Neutrino USD (USDN), the flagship stablecoin of the Waves network, lost its peg to the US dollar following the allegations that the project’s founders had been artificially pumping WAVES, the project's native token.
Waves, which was trading around USD 31 on March 28, nearly doubled its value...
Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price 'manipulation' accusations
4.4.2022
Waves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline
Waves' USDN Stablecoin Loses Peg, Drops 15% Amid Manipulation Scare
4.4.2022
USDN's market capitalization had nearly doubled to $850 million in March
Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree
20.3.2022
The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat...
Venezuela Increases Minimum Monthly Wage to Half a Petro
7.3.2022
Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59....
Luna Foundation Guard Raises $1Bn to Save UST Dollar Peg
24.2.2022
The LFG (Luna Foundation Guard) recently raised over 1 billion dollars in its private token sale. The NPO was established with the aim to boost the development of the Terra framework. Now, the organization will use these funds to secure the peg of UST against market fluctuations. As the primary...
Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg
23.2.2022
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve —...
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap
24.1.2022
The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants to support initiatives built on top of the Luna network. One of its biggest functions will be...
Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted
4.12.2021
The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by...
USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report
26.7.2021
Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin
VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
8.4.2021
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital...
$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit
27.11.2020
Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data...
Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism
25.9.2020
Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted...