Do Kwon, the creator of Terraform Labs, has a new Wikipedia article up and running that details his fall from grace. According to Wikipedia, Do Kwon attempted to dissolve Terraform Labs in Korea just ...
Tag: LUNAs
Do Kwon moves on LUNA`s revival plan despite 90% rejection votes
90% of the initial voters rejected Do Kwon’s proposal to hard fork the Terra blockchain. Initially, Kwon submitted the poll to the Terra community with only one simple question: “Fork?” On its face, i...
Terra Community Vehemently Rejects Do Kwon’s Proposal To Fork LUNA’s Blockchain ⋆ ZyCrypto
Advertisement     The Terra community has opposed Do Kwon’s second revival plan to fork Terra to create two blockchains in a bid to make up for last week’s real-time c...
Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise – Markets and Prices Bitcoin News
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen s...
Do Kwon Wants to Fork LUNA’s Blockchain to Make ‘Terra Classic’
In brief UST and LUNA collapsed last week. Terra users will soon vote on whether to fork the blockchain. Terra Network co-creator Do Kwon is trying to revive the fallen blockchain after its UST stable...
What’s left in Luna’s reserve wallet?
The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of. The Lun...
SBF Suggests LUNA’s Collapse Different to Theranos, but Questioning its Marketing Strategy
FTX Derivatives Exchange’s billionaire CEO Sam Bankman-Fried, known as SBF, has faulted the marketing strategies that were employed by the embattled Terra blockchain to gain acceptance from the public...
Luna’s meltdown will live on in infamy, May 5–11, 2022
Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sob...
Billionaire Novogratz Is At Loss Due To LUNA’s Freefall
Galaxy Investment Partners suffered a 12% decline at the beginning of Q2. Mike Novogratz called Bitcoin a “macro-bet”. Billionaire Mike Novogratz, one of the prime movers of LUNA, is now pulled into t...
Terra LUNA’s Price Drops Further Below $0.01 with 15 Billion Additional LUNA Issued
Tomiwabold Olajide Significant increase in supply puts additional selling pressure on LUNA, causing price decline Terra LUNA’s price has dipped further below the $0.01 level, reaching lows of $0...
Galaxy CEO NoWhere On Twitter Since Terra Crisis, Has Billionaire Mike Novogratz Lost Money In Luna’s Price Crash
Billionaire Mike Novogratz Loses Money In Luna’s Price Crash. Over the last week, Terra Luna and its sister Stablecoin UST have experienced a sharp market decline that is now described as a tot...
UST’s Depeg and LUNA’s Demise, Crypto Markets Lose $500 Billion
This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion were wiped off the total cryptocurrency market capitalization. Terra’s ecosystem was at the for...
LUNA’s Freefall: A “Black Swan” Event?
A situation that goes beyond what is expected, is quite predictable in hindsight, and has potentially serious consequences, is referred to as a “Black Swan” event. For instance, the subseq...
LUNA Leading Investor Zhu Su Of 3AC Responds To Luna’s Downfall
Earlier this morning, Zhu Su went on to express his unhappiness towards the Luna slide in a series of tweets. Zhu Su, the CEO of 3AC, conveyed remorsefulness and apologised for ignoring the frequent w...
Gemini Dismisses Rumors Regarding Its Involvement In LUNA’s Freefall
On its official Twitter handle, Gemini, a cryptocurrency exchange, addresses the rumors that the company is in some sense responsible for the LUNA’s free fall since it provided a loan of 100,000 bitco...
Terra’s UST Stablecoin Falls Below the Dollar Tumbling LUNA’s Price – crypto.news
TerraUSD lost its value over the past weekend and fell to around $0.65 on Monday. It was the second time in three days that the currency had slumped below the $1. Since then, it has been trying to rec...
UST falls to $0.65: Luna’s market capitalization plummets 44%
In less than 48 hours, the USD stablecoin TerraUSD (UST) has lost its dollar peg for the second time. The market price for TerraUSD fell to as low as $0.65 on Monday, losing $0.35. The price of LUNA, ...
Luna’s BTC Reserves Gone as Exchanges Halt UST Withdrawals Amid Turbulent 24 Hours
The latest move by the cryptocurrency exchange comes after LFG decided to lend $1.5 billion in BTC and UST to defend the latter’s peg. Binance has announced temporarily suspending LUNA and UST tokens ...
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93 – Bitcoin News
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.9...
Here’s what technicals indicate about LUNA’s decline phase
Terra (LUNA) was in a flimsy situation on its daily chart. Trading near its 20 EMA (red) 50-SMA (cyan), the altcoin wobbled below its Point of Control (POC, red). Now, bulls needed to save LUNA at its...
What are The Intentions Of Terra Behind Expansion Through Polkadot: How Is Luna’s Price Affected?
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How Binance’s new UST staking might bolster Luna’s demand
LUNA delivered an impressive bull run in February and March courtesy of Terra’s ambitious plan to buy Bitcoin worth billions of dollars. The purchase is part of the crypto company’s plan to build a BT...
Spotlight On LUNA’s Growing Bitcoin Reserves
The nonprofit organization focused on the Terra ecosystem Luna Foundation Guard (LFG) now holds almost 28,000 bitcoin, which translates to $1.3 billion out of its $10 billion total target aimed to bac...
Amid LUNA’s trip to the moon and Terra’s exploding TVL, watch out for this
Bullish investors were over the moon when Terra [LUNA] enjoyed a brisk rally that took it from $50 to over $100 in a matter of days. Even in its recent report about the asset, Messari tweeted that LUN...
$10m bet placed on Luna’s bullish trajectory by Terraform Labs’ CEO
Luna’s bullish outlook has led Terraform Labs’ CEO to place a $10m bet The price action for LUNA is predictive in nature as per analysts Crypto trader cobie controls the escrow account where the mon...
Assessing LUNA’s prospects as a good buy in the mid to long term
LUNA has been one of the cryptocurrencies that has registered strong recovery post the broader market slump. Since 21 February 2022, Terra‘s LUNA has been on a roll and quite easily one of the top per...
Terra’s CEO places $1 million bet on LUNA’s price one year from now
The native token of Terra network, Luna, has been performing exceptionally well for a while, but not everyone thinks that’ll last forever. A Twitter user named Sensei Algod challenged anyone to a mill...
Terraform Labs CEO Do Kwon bets $1 million on LUNA’s future price
Terraform Labs founder Do Kwon has accepted a $1 million bet on the price of his own project Terra (LUNA) with the pseudonymous Sensei Algod. A crypto personality known as Cobie is acting as the escro...
Will LUNA’s Price Be Higher or Lower in a Year?
Although many exciting developments take place quite often in the cryptocurrency space, it’s not every day we see someone betting a million dollars on whether or not the price of a coin would be highe...
What must happen before LUNA’s market bulls can take over
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After picking itself up from the golden Fibonacci level, Terra (LU...
Terra Luna’s founder says protocol will be the largest Bitcoin holder
Terra Luna’s founder, Do Kwon, has said that the protocol will be the largest Bitcoin holder. This statement stems from an earlier announcement by the Luna Foundation Guard (LFG) about creating a Bitc...