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Polygon, Juno and Fantom blockchains try to lure Terra's projects

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Other blockchains are advertising themselves to developers closing their shops on Terra after its collapse. The post Polygon, Juno and Fantom blockchains try to lure Terra's projects appeared first on The Block.

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Timeline of Fantom, Terra-luna, Polygon


LUNA Crash: South Korea Toughens Up Investigations Over Terra (LUNA) Crisis - Coingape

South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna's decline led to cases of volatile trading.


Polygon CEO Comes In Rescue For Terra Blockchain! Will Terra Projects Shift To Polygon? - CoinPedia

Over the past week, the Terra blockchain system had swayed away from the entire crypto market. Industry activists are emerging to provide extensive assistance to the community.  On Sunday, May 15, Ryan Wyatt, CEO of Polygon Studios, put forth his thought via Twitter that he will help various Terra projects migrate toward the Polygon blockchain …


Binance's LUNA investment, which peaked at $1.6 billion, now worth just $3,000 - The Block

Even though Binance lost nearly all of its initial investment, it still turned a profit from its staking yield. The post Binance's LUNA investment, which peaked at $1.6 billion, now worth just $3,000 appeared first on The Block.


Polygon working with projects on Terra: how will this shape MATIC? - Invezz

Polygon MATIC/USD is a Layer-2 scaling solution, also known as a sidechain, that was specifically developed to provide faster transactions with lower costs for its users. Polygon also has its own native cryptocurrency token known as MATIC, which is used as a means for the payment of fees on top of the network, for taking, The post Polygon working with projects on Terra: how will this shape MATIC? appeared first on Invezz.


Breaking: Luna Foundation Guard Reserves Decimated By Terra Crash - Coingape

The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago.


Luna Foundation Guard breaks silence on state of Terra reserves, looks to compensate users - The Block

LFG said it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin.  The post Luna Foundation Guard breaks silence on state of Terra reserves, looks to compensate users appeared first on The Block.


Terra validator wants old chain shut down - Cryptopolitan

Terra has continued to settle down after a series of decline runs to reach its lowest level since its creation. Although all that is now partly over, its community is still very far from impressed.


Breaking: Luna Foundation Guard Member Says Terra Reserves En Route - Coingape

A high-ranking member of the Luna Foundation Guard (LFG) said on Monday that the foundation's reserves are almost ready to be deployed, barring a few technicalities. The reserves will be largely targeted towards helping small wallets, and supporting builders and stakers on Terra.


CZ Binance Would Like To See Bigger Transparency From Terra's Team - DCForecasts

CZ Binance would like to see bigger transparency from Terra's team and shared his opinion on what happened with Luna so let's read more today in our latest cryptocurrency news. The CEO of the world's biggest crypto exchange Binance said that he expected some more transparency from Luna's team after last week's UST-LUNA fiasco.


Binance CEO ”CZ” Says The Exchange Does Not Hold Any Of Terra's UST - Coingape

Binance CEO “CZ” in a tweet on Monday clarified that the exchange did not buy, and does not own any UST. Any UST the exchange had was from trading fees, and is now valued close to zero- following a severe crash in the token.

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