I'm sad – a heartfelt message after the LUNA crisis

This piece will be a little different. There is no analytics. There won't be many numbers here; no dive into the economics of the failed Luna experiment. If you want a “normal” article like that, I wrote a start-to-finish piece breaking down the whole debacle as concisely as I could here. This is just a The post I'm sad – a heartfelt message after the LUNA crisis appeared first on Invezz.

Timeline of Terra-luna

Do Kwon, the co-founder and CEO of Terraform Labs, pitched a revival plan proposal on Friday following the collapse of the algorithmic stablecoin UST and its related Terra-based asset, Luna. The post Do Kwon pitches revival plan for Terra blockchain, with distributions to LUNA and UST holders appeared first on The Block.

Three different exchange-traded product (ETP) issuers announced they would suspend trading or issuing shares in Luna-related investment vehicles after the cryptocurrency lost 99.98% of its value over the course of a week.

After days of silence, Terraform Labs CEO Do Kwon has surfaced on the Terra governance forum. He says the Terra community should "reconstitute the chain" in the fallout from the network's death spiral.

YouTuber KSI lost about $8 million in crypto and $2.8 million on Terra alone as he admits to having a gambling addiction so let's read more in today's latest cryptocurrency news. One of LUNA's celebrity holders, YouTuber KSI lost about $2.8 million on the altcoin and took it to Twitter to document his losses.

The Swiss GAM asset manager and Terra negotiate a $3 billion bailout and it emerged as the first global giant to offer help to the failing crypto project so let's read more today in our latest cryptocurrency news. Following the recent fiasco, Terra and its two cryptocurrencies crashed in value and the platform said it

Do Kwon, the brains behind the failed cryptocurrencies TerraUSD and Luna, is facing scrutiny and criticism after his venture's failure provoked a catastrophic crypto market meltdown this week. Kwon, 29, is the CEO of Terraform Labs, the business behind two linked technologies:  Stablecoin TerraUSD (UST), which is expected to trade 1:1 with the US dollar, and 

The world's largest exchange by trading volume, Binance, has delisted its trading pairs for Terra's LUNA.  The exchange announced that it had canceled all pending orders, ceased trading, closed user positions, and conducted an automatic settlement of all LUNA trading pairs.

Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has

The Terraform Labs CEO was last seen in Singapore, but his current location is unknown. The post After Terra's stablecoin implosion, battered investors ask ‘where is Do Kwon?' appeared first on The Block.

The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event.