China Backed Publication: Terra LUNA Crash Vindicates Country's Ban on Crypto-Related Activities
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain's LUNA and the de-pegging of the UST stablecoin vindicate the Asian country's decision to ban crypto-related activities. In the article, the author names the interest rate hikes by the U.S. Federal Reserve and the
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Terra's Fork, Terra Classic ($LUNC) : Do Kwons New Revival Plan To Save LUNA Foundation - CoinPedia
Terraform Labs CEO and co-founder Do Kwon has announced forking the Terra network into a new chain. 3/ Currently, these key precepts underpin most schools of thought:– The #LUNAtic community is unparalleled in its passion– The builder talent pool is broader and deeper on Terra than most ecosystems– Terra's blockchain is incredibly robust, as attested …
Luna Foundation Guard Gave Whales ($2.7 Billion) Exit Door Before Collapse - Coinfomania
Following the cataclysmic meltdown of the Terra ecosystem last week, the Luna Foundation Guard (LFG) has been accused of bailing out UST whales with its bitcoin trove before the project came crashing down. The LFG had allegedly allowed select UST holders and insiders to cash out their UST positions worth approximately $2.7 billion at close to $1 before the digital asset fell to less than 10 cents, leaving retail investors scratching their heads in losses.
Do Kwon wants to fork the Terra blockchain as part of revival plan - The Block
The fork, proposed today on a Terra discussion forum, would create a new Terra chain and the original would become 'Terra Classic.' The post Do Kwon wants to fork the Terra blockchain as part of revival plan appeared first on The Block.
Terraform Labs CEO Proposes ‘Terra Ecosystem Revival Plan 2' - CryptoGlobe
On Monday (May 16), Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG), put up a new proposal up for a governance vote on May 18 (“Asia time”). According to this new proposal, “while UST has been the central narrative of Terra's growth story over the last year,
Finder's Poll Conducted Weeks Before Terra's Fallout Predicted LUNA Would Tap $143 This Year - Bitcoin
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder's experts predicted LUNA would be $143 before the end of the year. Currently, LUNA is worth far less than a U.S. penny and while
Binance Exchange Didn't Sell Its 15.4M Luna Tokens: Report - DCForecasts
The Binance exchange didn't sell its 15.4 million LUNA tokens and was previously worth $1.6 billion but now they are worth only $2461 so let's read more today in our latest Binance news. The CEO Changpeng Zhao said the Binance exchange didn't sell the LUNA holdings that it received in return for a $3 million
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First - Bitcoin
Binance's Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance's LUNA Tokens Not Sold After his exchange faced criticism for
Polygon Offers A Helping Hand To Terra Blockchain Projects - DCForecasts
Polygon offers a helping hand to Terra blockchain projects to get back on their feet after the recent events so let's read more about it in today's latest blockchain news. Plenty of other developers were left in uncertainty after the aftermath of the Terra collapse.
Another Stablecoin Follows LUNA $UST, Crashes Within Hours - Coingape
Last week saw chaos in the cryptocurrency market due to the unprecedented crash of Terra's UST stablecoin and LUNA. The crash resulted in traders debating about the trustworthiness of stablecoins, the latest being DEI price.
Terra (LUNA) could have hit bottom: you can buy $LUNA token here - Invezz
Most crypto investors are optimistic that Terra's woes are almost coming to an end and that its coin the Terra (LUNA) is poised for recovery in the coming days. The rate at which LUNA was losing its value has reduced from losing over 100% per day to only about 40% per day; a sign that The post Terra (LUNA) could have hit bottom: you can buy $LUNA token here appeared first on Invezz.