Paris's leading contemporary art museum, the Centre Pompidou announced on Feb. 10 an upcoming permanent exhibition targeting the intersection between art and the blockchain...

A Ukrainian living in the U.S. has reportedly hacked a major drug market on the Russian dark web, diverting some of its crypto...

Elon Musk launched a poll on Sunday asking users whether he should quit as Twitter CEO. It follows a decision by the company earlier...

Elon Musk launched a poll on Sunday asking users whether he should quit as Twitter CEO. It follows a decision by the company earlier...

TOKYO, Dec 15, 2022 - (JCN Newswire) - Fujitsu today announced that it donated office furniture that is no longer being used including desks,...

Investment and philanthropy platform WAHED has donated 5 million of its utility token WAHED Coin to Fondazione Europea Alessandro Cenci (FEAC) at a...

Cranfield, England, 3rd December, 2022, Chainwire Investment and philanthropy platform WAHED has donated 5 million of its utility token WAHED Coin to Fondazione Europea...

Relai, a bitcoin-only savings and investment app, is using a referral program to donate up to 50% of referred transactions to humanitarian organization UNICEF.

Terraform Labs, the company behind Terra blockchain has announced an additional donation of 12 million LUNA or approximately $1.2 billion to the Luna Foundation Guard (LFG) that will be directed towards its growth and stabilization to maintain the UST dollar peg. Do Kwon, the CEO of Terraform Labs, announced on Twitter that the funds will be utilized to burn and mint its UST stablecoin in order to grow the reserves of the Luna Foundation Guard. TFL has donated 12M additional $Luna to @LFG_org. https://t.co/KOqaABKWZi The funds will be burned to mint $UST, and thereafter used to grow LFG's reserves. At current prices, this reflects another 1.2B incoming addition to the $UST reserves. 🌕 — Do Kwon 🌕 (@stablekwon) March 11, 2022 UST is an algorithmic-based stablecoin in the Terra ecosystem with an exchange rate of 1:1 with the U.S. dollar and is in part maintained by swapping of/for LUNA tokens when its market value deviates from its peg. The burning of $1 in UST results in the minting of $1 in LUNA and vice versa. The purpose behind the recent move is to maintain the stability of UST and its peg to the U.S. dollar. While other stablecoins manage to maintain this peg using various systems, UST relies on its relationship with LUNA, and the arbitrage opportunities that the treasury offers to traders. Earlier last month, the Luna Foundation Guard (LFG) raised another $1 billion through its sale of the LUNA token to build a bitcoin-denominated foreign-exchange reserve for UST.

The post Terraform Donates Additional $1.2B to the Luna Foundation Guard appeared first on Cryptoknowmics-Crypto News and Media Platform.

This week was riddled with volatility as Bitcoin's price went on a wild ride. We also saw Biden's executive order, the highest CPI numbers in decades, and more.

Stake has made a striking contribution to the people of Ukrainian with a $1 million or 25.63 BTC donation for humanitarian aid.

The post Stake Donates 25 BTC Towards Humanitarian Aid in Ukraine appeared first on BitcoinChaser.

On March 8, the team behind the Bored Ape Yacht Club (BAYC) donated $1 million in ethereum to the Ukraine government’s ether wallet. The BAYC team donated the funds in order to match BAYC community members that raised nearly $1 million in donations to Ukraine as well. BAYC Matches Community Donations, Sends $1 Million in […]