An overwhelming majority of the Terra community has voted against CEO Do Kwon’s proposal to fork the blockchain. Community Rejects Fork Terra community members participated in a preliminary voting ro...
Tag: Terra
Over 78% Of Terra Holders Favor Hard Fork, Early Voting Shows
Terra has opened voting on its highly contentious proposal to hard-fork the blockchain, founder Do Kwon said on Wednesday. Early voting indicates that over 78% of the community is in favor of forking ...
Early Voting on Terra Fork Reveals 85% Support
Key Takeaways A governance vote that will decide whether to split to the Terra blockchain into Terra and Terra Classic began today. So far, 85% of votes cast support a chain split; 13% of votes cast a...
Voting For Terra (LUNA) New Blockchain Goes Live, With TerraUSD (UST) Not Included In Plan
– Advertisement – The Terra team has commenced the process of deciding the future of its ecosystem and compensating holders for their losses. 1/ Terra governance prop #1623 to rename the ...
Terra Co-Founders Face Lawsuit from Korean UST and LUNA Investors
In the aftermath of Terra’s collapse, co-founder Do Kwon now faces legal pressure from affected Korean investors. They’ve filed both criminal and civil lawsuits, alongside an order to seize Kwon’s ass...
Terra Scam Accounts Attempt To Capitalize On Hard Fork Uncertainty
Terraform Labs’ Do Kwon had recently announced plans to fork the Terra chain into a new chain without the algorithmic stablecoin. The old chain will be called Terra Classic (Luna Classic – LUNC) and t...
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout – Bitcoin News
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terr...
Binance Encourages Terra Developers to Join Its Team
While Terra’s team is trying to salvage what is left of the once top 10 crypto projects, more and more people are luring or being lured from the infamous project to be useful somewhere else. Of ...
Terra Founder Do Kwon Faces Lawsuit In South Korea
A group of South Korean investors appears to have filed a court case against Terra founder Do Kwon over the blockchain’s crash. Local media reports suggest that several LUNA and UST holders have decid...
Terra faces litigation from South Korean investors over failed UST investment
After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to loca...
Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says
The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of a...
Billionaire Bill Ackman Calls Terra a ‘Crypto Version of a Pyramid Scheme’
Billionaire investor Bill Ackman expressed his views on the collapse of the Terra ecosystem, calling it “the crypto version of a pyramid scheme.” “Investors were promised 20% returns backed by a toke...
South Korea Considers Tougher Crypto Laws After Terra Crash
In a bid to avoid further incidents like the Terra crash, South Korean officials are looking to build tougher legislation around cryptocurrencies. The recent Terra UST and LUNA collapse has raised cal...
Trader Who Predicted Terra Crash Expects This Token To Follow
Popular crypto trader @AlgodTrading (Algod), who famously predicted Terra’s fall from grace, said they now expect STEPN (GMT) to follow suit. Algod was a vocal critic of Terra, and had repeatedly call...
CZ on Terra LUNA collapse: ‘This is what diamond hands looks like’
In the wake of the Terra ecosystem implosion, Binance boss ChangPeng Zhao (CZ) commented, “this is what diamond hands look like,” about the 15,000,000 LUNA tokens Binance had received as part of the c...
Interview: GlobalBlock’s Sotiriou discusses Terra meltdown & Tether contagion
Fear and panic have spread through the cryptocurrency markets all week following the shocking collapse of the Terra ecosystem. The UST stablecoin, once worth $18 billion, entirely lost its peg and bro...
Bill Ackman Says Ponzies Like Terra Threaten Entire Crypto Ecosystem
Alex Dovbnya Prominent hedge fund manager Bill Ackman says that Terra is a crypto version of a pyramid scheme In a recent Twitter thread, billionaire Bill Ackman claims that the imposing of Terra was ...
Scam Alert: Beware Of This Fake Terra Luna Classic (LUNC) Scammer Trying To Steal From People
– Advertisement – Beware Of This Fake Terra Luna Classic (LUNC) Scammer. The crypto space is known to be a huge playing field for scammers who capitalize on the fact that stolen cryptocurr...
Terra Luna Revival Plan 2
man draws a terra icon next to the inscription luna. blockchain and cryptocurrency concept After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna,...
Terra Investors Reportedly Preparing to Sue Do Kwon for Fraud
Key Takeaways South Korean investors are reportedly preparing to sue Terraform Labs CEO Do Kwon for fraud over Terra’s $40 billion collapse. Per the local news media report, the plaintiffs will ...
Analyst States What Went Wrong with Terra! Will LUNA Price Recover? – Coinpedia – Fintech & Cryptocurreny News Media
Willy Woo, a leading on-chain expert, has identified a serious fault in Terra’s UST design that may have resulted in a “death spiral” for both LUNA and UST assets. Woo noticed the major flow in the ba...
Will Do Kwon Heed The Call To Burn Terra Instead Of Forking, Community Wants Nothing Else But LUNA Burns
– Advertisement – Terra (LUNA) community wants nothing else but LUNA burning. The collapse of the Terra Luna ecosystem was a huge shock to the crypto industry. It reveals a fundamental fla...
Phoenix Finance set to debut first DEX on Terra 2.0
Phoenix Finance is planning on becoming the first decentralized exchange on the newly-proposed Terra 2.0, and several developers are also getting ready to utilize the Terra network. Many, including in...
G7 Countries to Discuss Crypto Assets This Week After Recent Terra Ecosystem Collapse
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 p...
Circle CEO: Terra (LUNA) Was A House OF Cards That Was Bound To Collapse
– Advertisement – Circle CEO: Terra (LUNA) Was A House OF Cards That Was Bound To Collapse. The collapse of the Terra ecosystem has sent shivers across the crypto industry as the markets...
South Korea Lawmaker Calls for Enquiry Into Exchanges’ Terra Activities
A conservative politician in South Korea is calling for hearings to be held into questionable actions carried out by some of the country’s top crypto exchanges during the LUNA crisis, according to a r...
Phoenix Finance To Become The First Decentralized Exchange on Terra 2.0 Ecosystem
– Advertisement – Phoenix Launching First Decentralized Exchange on Terra 2.0. More developers are preparing to make Terra 2.0 work, as a new decentralized exchange has announced that it ...
Should Traders Buy Terra (LUNA) Before Forking! Will The Recovery Plan Work?
Terraform Labs’ decision to resurrect the native token LUNA without the use of the stablecoin UST is akin to Ethereum’s 2016 hard fork. Terraform Labs CEO Do Kwon feels LUNA is greater than TerraUSD, ...
Terra Chief Do Kwon Proposes Hardfork of Terra Blockchain to Restore Ecosystem
Terra chief Do Kwon has proposed the idea of forking the Terra blockchain and distributing the new LUNA tokens among wallet holders, LUNA holders, developers, UST holders, etc. Last week, the monument...
Tether Supply Plummeted $7.4B Amid Depegging Concerns, Terra Collapse: Glassnode
Amid the dramatic events surrounding last week’s TerraUSD collapse, Tether (USDT), the crypto industry’s largest stablecoin, has dropped more than $7 billion. Tether’s market capitalization plummeted ...