Avalanche Foundation – DIGIT INFO

Avalanche buys back $53M in AVAX tokens from Terra’s LFG

DIGIT — Thu, 07 Nov 2024 08:19:33 +0000

The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.

Crypto Biz: SushiSwap bets on new roadmap against DEX competition

DIGIT — Fri, 25 Oct 2024 21:16:18 +0000

This week’s Crypto Biz also explores Tesla’s Bitcoin holds, Avalanche’s Visa card, Core Scientific’s billionaire deal with CoreWeave and Chainlink’s pilot for corporate databases.

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Avalanche Foundation introduces Visa crypto spending card

DIGIT — Tue, 22 Oct 2024 14:14:14 +0000

The Avalanche Card is a credit card linked to a “self-custody wallet and unique address per asset.”

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Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

DIGIT — Mon, 14 Oct 2024 02:39:09 +0000

In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.

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Luna Foundation Buys 2,508 Bitcoin for $100 Million, Stash Is Only 495 BTC Away From Tesla’s Balance

DIGIT — Wed, 13 Apr 2022 16:30:00 +0000

On April 13, Terra’s Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement. The purchase follows the 4,130 bitcoin LFG scooped up three days ago, and LFG’s wallet is now just over 495 bitcoin away from surpassing Tesla’s bitcoin treasury stash. Luna Foundation Adds More Bitcoin to […]

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Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million

DIGIT — Sun, 10 Apr 2022 15:30:46 +0000

On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve […]

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Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve

DIGIT — Fri, 08 Apr 2022 06:30:46 +0000

Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra network with Avalanche ecosystems. LFG to Add $100 Million in Avalanche Backing to […]

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Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain

DIGIT — Tue, 16 Nov 2021 20:30:29 +0000

On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security, speed and [the] accuracy of Federal Emergency Management Agency reimbursements.” Deloitte to Utilize Avalanche Protocol to […]

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Largest Stablecoin by Market Cap Tether Launches on the Avalanche Network

DIGIT — Wed, 10 Nov 2021 20:30:36 +0000

The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there’s more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset […]

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Finance Redefined: Avalanche launches $200M fund, wXRP to debut on Ethereum Oct. 29–Nov. 5

DIGIT — Fri, 05 Nov 2021 18:15:00 +0000

Avalanche Foundation showcases a six-figure ecosystem fund, wXRP set to launch smart contracts on Ethereum, and AllianceBlock joins forces with Flare — all coming to you in this week’s Finance Redefined.

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