Binance denies financing Terra and points to a $3 million investment in 2018

On Sunday, Binance CEO and executive director Changpeng Zhao addressed a journalist's tweet claiming that the exchange had backed Terra's LUNA in 2019 and 2021. Since the collapse of its tokens this weekend, Zhao has been one of the most vocal critics of Terra's team.

Timeline of Terra-luna

TRON founder Justin Sun touts an algorithmic stablecoin reserve strategy to prevent TRON's new stablecoin USSD from crashing like LUNA. The post TRON Founder Talks Up New Algorithmic Stablecoin, Despite LUNA Crash appeared first on BeInCrypto.

Terra's trading volume surges 200% as the market adjusts to a death spiral and its insane volatility serves as an attractive market for short-term investors so let's read more about it in today's latest cryptocurrency news. It took seven days for the LUNA ecosystem to spiral down as the prices came crashing from $85 to

Do Kwon, the brains behind the Terra blockchain project, has apologized to members of the Terra ecosystem and the crypto community for the recent depegging event. Last week, UST, Terra's algorithmic stablecoin depegged from the US dollar, which forced the price of LUNA, the project's governance token, into a free fall.

On Sunday, Binance founder and executive Changpeng Zhao denied its participation in the platform's second fundraising round in 2019. The post Binance Denies Participation in Terra's Second Investment Round; Says It Invested $3 Million in 2018 appeared first on BeInCrypto.

After nearing the absolute zero, the LUNA prices bounce back on what can be called an atomic scale. This is because the recovery hardly brings any consolation to the LUNA investors.

Binance CEO Changpang Zhao says he's unhappy with the way Terra handled the collapse of its native crypto asset LUNA and its stablecoin TerraUSD (UST). In a lengthy thread, Zhao tells his six million Twitter followers that Binance reached out to the people behind Terra and made suggestions on how to mitigate the crisis. “While The post Binance CEO Breaks Silence, Says Terra (LUNA) Should Have Handled the Collapse Differently appeared first on The Daily Hodl.

Terra's debacle exposed major flaws for the entire crypto industry calling into question the real-world utility as well as the long-term viability of the algorithmic stablecoin so let's read more today in our latest cryptocurrency news. The past week was quite a dark period in the history of crypto with the total market cap of

Terra's LUNA and UST collapsed and the entire market tanked after the implosion so in today's latest news we find out what exactly happened so let's read more today in our latest cryptocurrency news today. Amid the craziest week in crypto, the collapse of Terra's UST stablecoin and the governance token LUNA became the biggest

Almost all 100 cryptos sink as LUNA reaches a bottom from $118 to zero in a month so let's read more today in our latest cryptocurrency news. Taking a short glance over the news recently can give you an idea of how the market is in a panic mode.

The collapse of the Terra ecosystem has shaken the crypto market as the price of LUNA cryptocurrency falls to dust from once being the top-5 cryptocurrencies by market cap. However, amid all the ongoing drama, some rumors floated on Twitter that crypto exchange Binance was one of the big investors in the Terra LUNA ecosystem.