The Terra governance system has voted to approve a proposal to burn all TerraUSD (UST) tokens held in the project’s community pool and UST deployed for past liquidity incentives on Ethereum. This amou...
Tag: Terra
Terra to burn 1B UST from the community pool as holders vote for it
In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, Terra founder Do Kwon explained that a potential ...
Wait Is Over: Terra 2.0 Is Live
– Advertisement – Terra 2.0 is live. After almost a month-long drama, Terra 2.0 finally goes live. Pheonix-1 mainnet is now live and producing blocks – public node services, wallets and ex...
Seven Wallets May Have Caused Terra Meltdown: Nansen
Key Takeaways A new report by Nansen claims seven wallets triggered the UST depeg. The relative lack of liquidity in the Curve pools securing UST to other stablecoins could have initiated its price de...
Is Terra going to rejuvenate as the new blockchain would have Luna 2.0 airdrop?
Remember Terra network, of course, you would have; the network seems to revive from its fall that it has seen in the past several days. CEO of Terraform Labs, Do Kwon, recently announced that Terra Bl...
Despite The Terra Crash, This Major Bank Is Betting Big On DeFi
The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into Compound Tr...
As Terra 2.0 Approaches The Team Provides More Details About LUNA Airdrop Calculation Logic
– Advertisement – Terra team announces more details about the LUNA airdrop. As terra is transforming to terra 2.0, the new LUNA coins will be airdropped to LUNA (LUNC), UST (USTC), and...
Vitalik Buterin’s Take on Algorithmic Stablecoins Following Terra Fiasco
Vitalik recently shared his thoughts on the future of algorithmic stablecoins in the wake of TerraUSD’s failure. While he believes that skepticism and scrutiny of existing protocols is “highly welcome...
Terra Governance Vote To Burn 1.3 Billion UST Receives Overwhelming Support
Terra’s revival continues as core developers got the approval to burn 1.3 billion UST from its community pool following a crucial governance vote. The 1.3 billion UST set to be burnt amounts to around...
Terra 2.0 Delayed, Here’s How The LUNA Airdrop Will Play Out
Terra Money on Friday said the migration to Terra 2.0 and LUNA airdrop is delayed to May 28 at 6 AM UTC. The reason for the delay is not disclosed, but coordinating exchange support and validators’ wo...
More bad news for Terra as fresh allegations emerge about Mirror Protocol
? Want to work with us? CryptoSlate is hiring for a handful of positions! @FatManTerra is back with fresh allegations about Terra’s synthetic assets protocol Mirror. Specifically, an exploit related t...
Crypto Exchanges Including Binance, FTX To Support ‘Terra 2.0’ Relaunch
Major global cryptocurrency exchanges have announced that they will support the upcoming relaunch of Terra, following the passing of a proposal to launch “Terra 2.0”. Exchanges including Binance, FTX,...
Bitcoin Dominance Soars, Altcoins Collapse, Terra 2.0 Underway: This Week’s Crypto Recap
The past week saw a new trend starting to take shape within the cryptocurrency markets – one where Bitcoin remains relatively stable, whereas altcoins suffer. This has had its own consequences, so let...
After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum’s Valuation Shrinks – Market Updates Bitcoin News
Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market...
According To A Top Trader One Under The Radar Altcoin Will Arise As The Winner Of The Terra (LUNA) Crash
During periods of bad market circumstances, when a few names soak up the lion’s share of speculative flows, Tron has a history of pumping. The risk/reward ratio of backing a resurgent Justin Sun, who ...
If Terra collapses InsurAce will pay millions to claimants
DeFi insurance protocol InsurAce maintains it was well within its rights to reduce the claims period for anyone affected by the Tera USD (UST) Daypag event from 15 to seven days, and that it had alrea...
Polygon Opens Up Support For Terra NFT Projects Following Terra Collapse
7 hours ago | 2 mins read Editors News A “multi-million dollar fund” called the Terra Developer Fund was announced. Polygon has been down 4.23% in the last 24 hours. Recent bearish engulfing candlesti...
Staking Companies Figment and Chorus One Say They Would Not Support New Terra Blockchain, Allege Voting Indiscretions
The two staking companies specified that that they would not support Terra 2.0 because of the network’s voting process. Although a good number of crypto-inclined businesses have declared support for t...
Terra (LUNA) Community Announces Surprise Airdrop of Terra 2.0
Terra (LUNA) is announcing the airdrop of Terra 2.0 after a community vote passed Proposal 1623, a bill calling for a new blockchain. Over the past few days, the Terra Twitter account has been updatin...
Terra 2.0 Reveals LUNA Airdrop and Launch Date
After the community voted in to have the terra ecosystem essentially forked without the algorithmic stablecoin, the team has now revealed the launch date for the protocol and the LUNA airdrop. Terra 2...
Scammers Airdrop Millions of Fake Terra (LUNA) Tokens to Vitalik Buterin, Justin Sun, To Make It Look Real
– Advertisement – Malefactors are still making efforts to scam unsuspecting victims of their devalued LUNA tokens. With Terra investors expecting the airdrop of the new LUNA tokens in exch...
These Validators Will Not Support Terra 2.0
After getting the approval to launch the Terra 2.0, the chain might be facing problems from the validators. The proposal got the approval of over 200.4 million community supporters. However, after con...
Ethereum Founder Vitalik Blasts Terra, Says No Genuine Investment Can Provide 20% Yearly Returns
– Advertisement – Buterin joins the list of Terra’s critics, saying that no genuine investment will reward investors with 20% ROI yearly. Ethereum founder Vitalik Buterin said there is no ...
Crypto Developers Signal Commitment To Help Terra (LUNA) Rise From The Ashes ⋆ ZyCrypto
Advertisement     Talks of the Terra network’s demise have been greatly magnified. At least, that is what the LUNAtics will want to believe as multiple developers pled...
MEXC, Kraken and Binance Support Terra Airdrop
4 hours ago | 2 mins read Terra (LUNA) News Trading Platforms only welcome the Terra Revival Plan’s Airdrop Kraken applies different nomenclature for the new blockchain and token. The list of exchange...
Terra Luna 2.0 – New Chain Launch Is Around The Corner » NullTX
Terra Luna is gearing up for its new chain launch, forking the old blockchain into a new chain without the UST stablecoin. Multiple exchanges already announced their support for the new chain, and Coi...
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held in the project’s community pool and also deployed for past liquidity on Ethereum....
Global Interest Surges As New Terra Blockchain Set For Friday Launch
Terra seems to be getting ready for a second coming after the unprecedented collapse of the UST stablecoin, and the LUNA token caused mayhem in the crypto markets. After the Terra community voted over...
UST, LUNA Volumes Skyrocket As Terra 2.0 Airdrop Approaches
The Terra community has finally voted over the proposal 1623 to revive the chain from the recent debacle. As per the suggestion, eligible holders will get the airdrop of LUNA over the new chain. Over ...
Bitcoin Pioneer Charlie Shrem: ‘A Lot of People Predicted’ Terra Collapse
Bitcoin pioneer Charlie Shrem was at the Cannes Film Festival this week to launch crypto film-financing project Defiine—and he had some choice words regarding the collapse of Terra’s UST stablecoin. “...
ETH Co-Founder Lashes Out At DeFi Model Following Terra Meltdown
Ethereum (ETH) co-founder Vitalik Buterin warns folks of risks related to automated stablecoins. ETH co-founder highlighted earlier that he’s no longer a billionaire. Ethereum (ETH) is currentl...
Top U.S. Crypto Exchanges To Face Lawsuit Over Terra Crash, Says Insider
“I have received word from a verified source at a top law firm in the US that class actions are being prepared against Binance, Gemini, Kraken, and Coinbase under the Securities Act for the sale of US...