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...
Tag: LuNa
Do Kwon summoned to parliamentary hearing following UST and LUNA crash
The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now the South Korean Conservative Party has requested a parlia...
In-House Legal Team at TerraForm Labs Resigns Following TerraUSD (UST) and LUNA Collapse
– Advertisement – More unfortunate developments continue to unfold in the aftermath of the UST and LUNA crash Following the collapse of TerraUSD (UST) and LUNA, the legal counsel team of T...
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST – Regulation Bitcoin News
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 exchange...
Luna Foundation Guard Clarifies Bitcoin Reserve Transfers!
The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem’s stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem’s la...
Crypto Rout: Another Stablecoin Falls After UST and Luna
Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catc...
South Korean Regulators Call for Emergency Inspection after LUNA Crash
As a result of the recent collapse of the TerraUSD and LUNA cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digit...
U.S. SEC chair Reacts To Terra (LUNA) Crash! Rules & Disclosures Needed to Protect Investors – Coinpedia – Fintech & Cryptocurreny News Media
Bitcoin, the bellwether for the crypto market, took a beating this week by hitting a 52-week low, falling down to $25,402. This week’s massive variations are directly linked to the troubles of TerraUS...
How Terra’s Algorithmic Stablecoin Came Crashing Down
Over the past week and a half, in one of the largest wealth-destroying events in crypto history, we witnessed the horrific unravelling of the Terra ecosystem. Terra, prior to its demise, was one of th...
ChainLayer, BTCSecure, Sigma, TerraBay, and Nebula Protocol Show Commitment to Validate New Terra (LUNA) Network
– Advertisement – Five validators have already declared positive interest in continuing validating on the new Terra network. Things are moving smoothly for TerraForm Labs as five develope...
Do Kwon Not Giving Up On LUNA Just Yet, Plans Radical Shift To Keep The Terra Ecosystem Alive ⋆ ZyCrypto
Advertisement     Terra’s founder has proposed plans for a new blockchain following the tragedy of UST. The new plan involves a network fork that will split the blockc...
South Korean Congress Calls Terra Founder Do Kwon To Explain LUNA And UST Fall
– Advertisement – South Korean Congress Calls Terra (LUNA) Founder. According to the South Korea Local newspaper, NEWSPIM, South Korean lawmakers requested that Terra founder Do Kwon and...
Analyst hints crypto carnage ahead citing LUNA crash as ‘long-term positive’ thing
Gareth Soloway, the chief market strategist at InTheMoneyStocks.com, has projected that Bitcoin might correct further to a low of $12,000. Speaking during an interview with Stansberry Research, Solow...
Can Terra (LUNA) be saved? Here’s the founder’s resurrection plan
Do Kwon, co-founder of Terraform Labs, has proposed yet another plan to resurrect the faltering Terra (LUNA) blockchain. This time, the plan involves abandoning the TerraUSD stablecoin and rebuilding ...
Luna Trading Draws Online Discussions in China Despite Crypto Ban
As the ever-evolving cryptocurrency is gaining global attraction the value of some of the world’s most prevailing digital currencies and non-fungible tokens (NFTs) has increased the curiosity of Chine...
Here’s How To Prevent the Next Terra (LUNA) Collapse, According to Crypto Venture Capitalist
Successful crypto-focused venture capitalist Arthur Cheong is thinking of a few steps the decentralized finance (DeFi) world needs to take to prevent another high-profile collapse like Terra (LUNA). D...
MicroStrategy’s Bitcoin Wager Has Turned Into A Losing Bet
Bitcoin getty MicroStrategy MSTR embarked on a strategy of using its cash and then debt to buy alternative assets when it announced its June 2020 quarter results on July 28, 2020. Over almost two year...
Where is Bitcoin Heading Following Terra Luna Turmoil?
Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Founda...
WOO Network Halts Terra’s LUNA Trading Just Hours After Relisting It
The Terra disaster has led the largest cryptocurrency exchanges to delist the LUNA and UST tokens. But DeFi exchange WOO network sought to go against the grain by relisting LUNA, which it did on Monda...
Here’s why Luna UST crash is not crypto’s ‘Lehman Brothers’ moment
Investors were flummoxed by the sharp fall in Bitcoin’s value and that of other cryptocurrencies this past week, leading the total crypto market capitalization to plummet to as low as $1.23 trillion o...
Binance’s LUNA investment, which peaked at $1.6 billion, now worth just $3,000
advertisement Binance CEO Changpeng Zhao said the crypto exchange made large paper gains on its investment in Luna but has now lost practically all of them. The exchange invested $3 million into the T...
This Pattern Predicted LUNA Crash, According to Peter Brandt
Alex Dovbnya Hindsight 20/20? Peter Brandt claims that chartists could have predicted the implosion of Terra (LUNA) The disastrous implosion of one of the biggest cryptocurrency projects was in the ca...
Vechain Foundation Wants Terra (LUNA) Developers To Migrate To Vechain, Offers $30K To Help
– Advertisement – VeChain Woos Terra (LUNA) Developers With a $30k Grant Program. While the Terra team struggles to solve the Luna ecosystem’s issues, other blockchain networks are now s...
Luna Foundation Guard Discloses Usage of Bitcoin Reserves – Bitcoin News
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle ...
Terra Founder Vows To Build Back LUNA, Says LUNA is More Than UST, Tells He Won’t Leave No Matter How Hard it Gets
– Advertisement – Terra CEO Reiterates His Intention to Make Investors Whole Again, Says He Won’t Abandon Them. “Terra is more than $UST. The Terra community is my family. I will always be...
Luna Foundation Guard Loses 80,000 Bitcoin Worth Over $3B due to UST Crash
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge. Following the crash of controversial stablecoin UST, the Luna Foundation Guard (LFG) ...
Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals
The Luna Foundation Guard (LFG) broke its silence on the state of its crypto reserves, saying that it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablec...
Terra Founder Proposes An Airdrop For Affected LUNA and UST Holders, Binance CEO Says ‘This Won’t Work’
– Advertisement – Terra Founder Wants An Airdrop For Affected LUNA and UST Holders, But the community doesn’t think it’s a good idea. The ghosts of failure are still battering Terra Luna...
Luna Foundation Sold 80K Bitcoin in ‘Last Ditch Effort to Defend’ UST Peg
The Luna Foundation Guard (LFG), the non-profit overseeing the Terra ecosystem, said that it sold almost all of the $3.5 billion bitcoin it held in reserve “as a last ditch effort to defend the [UST] ...
Terra ecosystem to vote on a fork to create Luna Classic and Luna Core
Luna Foundation Guard CEO, Do Kwon, has released a new proposal entitled “Terra Ecosystem Revival Plan 2.” In it, he has outlined an updated version of his original plan, which described forking the c...
LUNA Founder Faces Community Backlash Over LUNA Revival Plan; Here’s Why DoKwon Facing Community Wrath Over IUNA Revival Plan
Many crypto giants including Binance CEO, CZ had earlier expressed their disapproval over the Terra forking plan. Do Kwon has however decided to take the lone path by putting forward a proposal for th...