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Maker DeFi Token Surged 30% As Users Choose DAI Over Terra

www.dcforecasts.com

The Maker DEFI token surged 30% as the users flocked to DAI after the recent collapse of Terra as we reported earlier in the cryptocurrency news. While the crypto markets staged a rebound on Friday morning, the MakerDAO governance token MKR surged by 30% as investors bet on the DAI Stablecoin amid the Terra collapse.

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Terra Founder Proposes Revival Plan But LUNA 2.0 Shall Be An Uphill Task, Here's Why - Coingape

Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they should deploy their Bitcoin reserve for the rescue plan.


Terra (LUNA) Founder Breaks Silence, Proposes New Revival Plan for Ecosystem - BeInCrypto

Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins.


Do Kwon Says He Is Heartbroken Over Terra's Crash: Report - DCForecasts

Do Kwon says he is heartbroken over the Terra collapse and insisted that he didn't profit from the collapse of the UST stablecoin as well so let's read more today in our latest cryptocurrency news. Do Kwon says he is heartbroken about the Terra situation and he has been known to lead an aggressive social


Not Just UST; Terra Crash Hits These Cryptos Hard - Coingape

Terra's astronomic crash has largely dented market sentiment this week, and likely fed broader crypto weakness. But the project's status as a Layer-1 blockchain meant that several tokens, apart from LUNA and UST were caught in the crossfire.


Terra Dapp Expo canceled following chaotic week for Terra network - The Block

"The decision was not made lightly and is crushing news for everyone involved,” the expo organizers said on Twitter. The post Terra Dapp Expo canceled following chaotic week for Terra network appeared first on The Block.


What if Terraform Labs Undertakes This Hypothetical Step to Save LUNA & UST Price? - CoinPedia

Will LUNA be Forked Amid the Recovery Plan? After the recent nightmare of the UST de-pegging and LUNA price crashing to the dust, the platform was heavily criticized for not handling the situation wisely. Yet Do Kwon, founder, in a post says he is ‘heartbroken' about the LUNA & UST situation. And hence in the …


No $LUNA or $UST Were Sold This Crash Says Terra Founder Do Kwon Outlining Recovery Plan - CoinPedia

From the last few weeks, and just three days ago, Terra Luna's supply was just 340,000 according to Terra analytics. And the UST lost its peg from the dollar on Monday, and that is when the Luna started falling downward in reference to the related token which was supposed to prop up UST's value.  The …


Crypto exchange Binance stops support for LUNA and UST on Binance Earn but reinstates their spot trading - Tokenpost

Binance, the largest crypto exchange in the world by trading volume, has announced that it has stopped support for LUNA and UST on Binance Earn. The move came after massive liquidations sent the prices of both tokens crashing.


VanEck and 21Shares Suspend Their Terra ETPs After Recent Collapse - Coingape

After the recent collapse of the Terra ecosystem this week, VanEck and 21Shares have decided to suspend the creation and redemption of shares in their respective Terra exchange-traded products (ETPs). The 21Shares Terra ETP (ticker LUNA SW) and the VanEck Terra ETN (VLNA GR) shall be thus halting the processes.


LUNA Investors ‘Suicidal' After Crypto's Collapse – Do Kwon Says He's ‘Heartbroken' - Bitcoinist

Do Kwon, the creator of defunct cryptocurrencies TerraUSD and LUNA, is now the subject of criticism and investigation after the failure of his enterprise sparked a significant market-wide catastrophe this week. The founder of the tokens is known for his active social media campaign; nevertheless, he has been uncharacteristically silent over the past few days

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