Chinese state media hints at increased crypto regulations after Terra`s collapse

The Chinese government has used its Economic Daily newspaper to indicate that additional regulatory action may be taken against stablecoins in the wake of Terra's algorithmic stablecoin failure. In May, the collapse of one of the most well-known US dollar-pegged stablecoin initiatives resulted in investors losing tens of billions of dollars as they abandoned in.

Timeline of Terra-luna-v2

A few weeks after Terra's blockchain fiasco that saw TerraUSD (UST) lose its peg to the U.S. dollar and its sister token, LUNA crashing, the team behind the project has now launched a new Terra network (a.k.a Terra 2.0) as part of its revival plan. Pheonix-1 mainnet is now live and producing blocks – public node services, wallets and explorers should be going live shortly.

This week's launch of Terraform Labs' Luna 2.0 was off to a rocky start after its native token crashed nearly 70% within the last 24 hours. The post LUNA 2.0 Launches With Rocky Start, Casts Doubts Following Price Crash appeared first on BeInCrypto.

A new Nansen report shows that seven wallets could have caused the recent Terra collapse and the UST depeg which might have been the consequence of savvy risk management so let's read more today in our latest cryptocurrency news. The new Nansen report claims seven wallets triggered the UST depeg and the lack of liquidity

LUNA 2.0 has gotten off to a bearish start in the crypto market after the freshly minted tokens saw a massive decline of around 80% after the launch. Terraform Labs announced yesterday that the new blockchain that houses the LUNA 2.0 tokens was already working.

The LUNA reboot crashed over 70% only a few hours after the debut and after peaking at $19.54 earlier on Saturday so let's have a closer look at today's latest altcoin news. Terraform Labs launched a new version of the Terra Blockchain dubbed Terra 2.0 with newly minted LUNA tokens.

Terraform Labs on Last Saturday has Launched a new version of the Terra blockchain, “Terra 2.0” with freshly minted LUNA tokens. Out of 1 billion LUNA tokens, only 21 million were airdropped and added to the circulating supply on Saturday. The remaining freshly minted LUNA tokens will be airdropped in phase. It peaked last month …

Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from Terra to Ethereum.

South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week after its paired stablecoin TerraUSD collapsed, considering they have little to lose with prices so ridiculously low. Both tokens are associated with Terra, a blockchain platform co-founded by Korean developer Do Kwon. According to blockchain...

Pursuant to Terra founder Do Kwon's revival plan, the next generation of the Terra blockchain launched on Friday. The post Terra 2.0 Launches With LUNA Airdrop appeared first on BeInCrypto.

Terra's Airdrop brings the month of May to a close, which began with the collapse of Terra's LUNA 2.0 and TerraUSD (UST). However, after only a few hours of circulation, the new renamed Terra prices plummeted. LUNA Airdrop Is Live In order to restore Terra, DO Kwon, the founder, and the community came up with …