With An Increased LUNA Supply, Will Terra (LUNA) Price Reclaim $1?

Since the time bears have shadowed the LUNA price action, the currency's circulating supply is rising continuously. This increase in the circulating supply is mainly due to people redeeming their UST staking for digital assets. Reflecting the huge amount of tokens being dumped into the market, the price of LUNA declined. At the time of …

Timeline of Terra-luna

As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against Terra CEOs Do Kwon and Daniel Shin for alleged fraud.

According to veteran cryptocurrency trader Peter Brandt, the devastating implosion of one of the largest cryptocurrency ventures was in the cards. The creation of the traditional head and shoulders chart pattern, according to Brandt, was the catalyst for the red-hot token's demise. When a price peak (shoulder) is followed by a higher price peak (head), …

Binance's investment in LUNA dropped from $1.6 billion to less than $3,000. On Tuesday evening, Changpeng “CZ” Zhao linked a Fortune article reporting the leading exchange's LUNA losses with the comment “poor again”, an oft-repeated phrase in the crypto community. For people who have made huge profits on crypto investments, the phrase is often used The post Binance investment in LUNA drops from $1.6B to under $3K appeared first on Invezz.

The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a priority basis.

South Korea's top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea's Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation of domestic crypto

In a recent update, the proposal to fork the current LUNA chain into LUNC has been strongly opposed by their own community. The proposal is said to have received huge negative reactions as they mainly intended to create a new chain without the algorithm stablecoin. On the other hand, the community believed burning LUNA tokens …

Following the aftermath of Terra's UST implosion, the blockchain project's founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens

Terra co-founder Do Kwon has proposed Terra Ecosystem Revival Plan 2 in a bid to save the chain by hard forking. The post Terra Co-Founder Suggests Hard Fork in Bid to Save Chain Through Governance Vote appeared first on BeInCrypto.

According to South Korea's local media reports, two South Koren financial authority agencies have started “emergency” investigations into local crypto exchanges in response to the collapse of Terra. In addition, a parliamentary member who is also a member of the ruling party by the name of Yun Chang-Hyun has also requested a parliamentary hearing calling The post South Korea's financial authorities and politicians start investigating Terra's crisis appeared first on Invezz.

Terra founder Do Kwon announced that he plans to ‘fork' the blockchain in an attempt to revive LUNA after the collapse of the token last week. Forking refers to changing the protocol of blockchain.