Terra Halts Validators. Is it the End?
Terra, the creator of the algorithmic stablecoin TerraUSD (UST) and LUNA, has halted the Terra blockchain. In a Tweet, Terra.Money stated: The Terra blockchain was officially halted at a block height of 7603700.
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Timeline of Terra-luna
Terra blockchain halted to protect against possible attack - The Block
The Terra blockchain has been halted to protect against a possible attack, according to a statement by Terraform Labs. The post Terra blockchain halted to protect against possible attack appeared first on The Block.
Galaxy Digital's stock has plummeted more than 40% this week, but a BTIG analyst says LUNA-related concerns are unwarranted. - Coindesk
A joint body tasked with coordinating crypto regulation globally is sorely needed and could become a reality within the next year, according to Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO), an association of market regulators.
Uncovering Terra's Implosion — Terraform Labs' Big Name Backers and ‘Zero Exposure' Claims - Bitcoin
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra's founder Do Kwon revealed a plan on Wednesday, but after
Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra's UST - Invezz
Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price of USDT lost its dollar parity and slid below $1 to trade as low as $0.97 before recovering to trade above $0.99 The post Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra's UST appeared first on Invezz.
Luna token supply hits 25 billion — up by nearly 24 billion today - The Block
The circulating supply of Luna (LUNA) has broken above the 25 billion mark as the token is being minted on an exponential level. The post Luna token supply hits 25 billion — up by nearly 24 billion today appeared first on The Block.
Do Stable Coins have a future in Crypto? Comparing Terra (LUNA), Quitriam Finance (QTM), and TRON (TRX) - Crypto Daily
Anyone in the know regarding crypto will be aware of Terra's (LUNA) collapse over the last few days - this article was written on May 10th, 2022. Its stable coin, UST, pegged to the price of 1 US Dollar collapsed by 80%, something unprecedented in the stable coin market.
TerraForm Labs proposes to burn $1.3B in UST to save LUNA - CryptoSlate
Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis. The post TerraForm Labs proposes to burn $1.3B in UST to save LUNA appeared first on CryptoSlate.
Terra Outlines Emergency Plans To Save LUNA And UST - Bitcoinist
Terra's CEO, Do Kwon, reappeared early Wednesday to present an emergency plan to save UST and LUNA. To protect against network governance attacks, the business proposes burning all UST in the community pool, burning the remaining 371 million UST cross-chain on Ethereum, and stakeing 240 million LUNA.
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse - Bitcoin
The world's largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse
Terra's Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked - CoinPedia
Do Kwon's first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra's Twitter account. Terra feels that the downward pressure on UST's peg is diluting Luna, delaying both recovery and producing an excess of UST and that the only way to address this is to burn UST and …