Terra Halts Blockchain Completely Following Massive Collapse

Terra halted its blockchain on Thursday evening after validators decided to try and prevent governance attacks as the severe inflation of LUNA reduced the cost of attack for bad actors. “The Terra blockchain was officially halted at a block height of 7603700,” TerraUSD said in a Twitter post. “Validators are applying a patch to disable The post Terra Halts Blockchain Completely Following Massive Collapse appeared first on Coin Bureau.

Timeline of Terra-luna

Some projects have been more severely impacted by the bear market than others. However, no coin has endured greater hardship than LUNA, the governance token underlying the Terra ecosystem.

The Terra blockchain was halted for the second time in 12 hours on Friday, as developers seek more time to come up with a recovery plan. The move comes as LUNA- its native token- crashed to a value of below 1 cent, while the UST stablecoin's dollar “peg” now stands at less than $0.2.

UST: The promise that was intended to take us to the MOON has become a lesson in humility, says Lorena Ortiz The post UST: When the “Terra” Under Your Feet is Not so Stable appeared first on BeInCrypto.

On May 13, Binance, the world's largest crypto exchange by volume, posted a notice of removal of some margin and spot trading pairs for LUNA and UST. The post Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral appeared first on BeInCrypto.

Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting later.

One of the world's largest cryptocurrency exchanges Binance has recently decided that it will move ahead with the decision of deleting Terra's native crypto LUNA and the UST stablecoin. The announcement reads: Binance will remove and cease trading, close users' positions, conduct an automatic settlement and cancel all pending orders on the following margin trading The post Crypto Exchange Binance Decides to Delist Terra LUNA and UST Stablecoin appeared first on CoinGape.

As the native token of Terraform labs Terra(LUNA) dropped by 100%, losing 100% of its value, many exchanges came forward to halt the trade. In a recent update, the largest cryptocurrency exchange Binance announced the delisting of the LUNA Perpetual Contract to protect the traders.  As mentioned previously, Binance Futures will conduct an automatic settlement …

The meltdown of Terra in the last few days resulted in a brief halt in Terra blockchain for close to two hours on Thursday. Terra's validators have decided to halt the blockchain to prevent governance attacks following severe LUNA inflation and a significantly reduced cost of attack.

With its native token LUNA and stablecoin UST in freefall, Terra has halted its blockchain for the second time in quick succession. The post Terra says it has halted blockchain for second time in 24 hours appeared first on The Block.

Janet Yellen, recently speaking at American University, made erudite, sensible remarks about the right approach to regulate digital currencies and assets, innovation and the policies surrounding them.