LUNA Update: Terra Founder Proposes Resetting Terra's Ownership To 1 Billion Tokens

Few hours after the Terra Blockchain came back up, Terra's Founder, Dokwon proposed a revival plan to resolve Terra's ownership. Terra's founder stated that protecting Terra's ecosystem was the first step to resettling its ownership.

Timeline of Terra-luna

VanEck, Valour and 21Shares have been forced to halt their LUNA-based exchange-traded products (ETPs) as the Terra Network remains halted.  The post Terra network halt leaves LUNA-based ETPs unable to trade appeared first on The Block.

According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance's stablecoin BUSD has recently entered the top

Just hours after announcing his reason to shut down Terra's Luna and UST from trading on his platform, Binance, CZ, founder and CEO of Binance has in another tweet, lifted the suspension and allowed trading again. Similar to how he announced the suspension, CZ took to  Twitter to make the important announcement.

Binance said it will relist LUNA/BUSD and UST/BUSD have been re-listed after being taken down early May 13. The post LUNA, UST re-listed on Binance – ‘there is progress' appeared first on CryptoSlate.

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.

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