Terra co-founder Do Kwon has proposed Terra Ecosystem Revival Plan 2 in a bid to save the chain by hard forking. The proposal argues that “Terra is more than $UST,” and Terraform Labs aims to put this...
Tag: Terra
Do Kwon wants to fork the Terra blockchain as part of revival plan
Terraform Labs CEO and co-founder Do Kwon has formally proposed forking the Terra network into a new chain. Kwon circulated a new proposal today in a post on a forum for Terra discussion in the wake ...
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 Founder Do Kwon To Be Summoned By The South Korean Government
The South Korean Government planning to summon Terra founder Do Kwon for a parliamentary hearing over the Terra crash. A representative of South Korea’s ruling People Power Party, Yoon Chang-Hyeon, ha...
Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants – Bitcoin News
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...
Terra Foundation Created “Death Spiral” on Its Own Stablecoin, According to Willy Woo
Leading on-chain analyst Willy Woo has highlighted a major flaw in Terra’s UST design that may have potentially created a “death spiral” for both LUNA and UST assets. Woo saw the mai...
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...
Terra at the Crossroads: Major Validators Support Fork but Community Is Resistant
Key Takeaways Over a dozen validators say they will support a fork of Terra that focuses on development rather than its stablecoin. That fork was proposed yesterday by Terraform Labs CEO Do Kwon; voti...
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...
South Korea Launches ‘Emergency’ Inspections of Local Crypto Exchanges Amid Terra Collapse: Report
South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have launched “emergency” inspections into local crypto exchanges, according to a report by Yo...
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...
Tether explains why it ‘has nothing in common’ with Terra UST
The implosion of Terra UST has damaged the reputation of stablecoins and the broader crypto industry. But in an attempt to distance itself from the fallout, Tether says it is different. In a recent bl...
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 ...
South Korean Legislator Calls for Do Kwon to Appear before National Assembly
Yun Chang-hyun, a South Korean lawmaker, on Tuesday proposed that the founder of Terraform Labs, Do Kwon, be summoned before the country’s National Assembly for a hearing. Local media outlet, Newspim,...
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...
S.Korea Govt Plans To Summon Do Kwon Over Terra Crash
The South Korean Government is reportedly planning to summon Terra founder Do Kwon for a parliamentary hearing over the Terra crash. The move comes after Terra’s value imploded from over $40 billion t...
Terra Community Strongly Opposes Do Kwon’s Plan To Fork The Chain
In a preliminary vote, the Terra community has opposed founder Do Kwon’s proposed revival plan to fork the Terra chain into a new chain without the algorithmic stablecoin. Moreover, the Terra communit...
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...
South Korea Launches Investigation into Terra
Terra, which has not been out of the news headlines in the crypto world these days, suffered yet another blow today—this time by none other than the South Korean authorities. As it became known, the c...
A Week of Terra: the Story of Do Kwon and His Black Swan Wipeout
Key Takeaways Terra suffered the greatest crash in crypto history last week after its algorithmic stablecoin lost its peg to the dollar. The Layer 1 blockchain had a spectacular run leading up to its ...
South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
Financial authorities in South Korea have beefed up crypto exchange inspections to boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens Per the announcement: ...
Terra Flaw: Ethereum Creator And Binance CEO Slam Terra Via Twitter
Terra took quite a beating as the Ethereum creator and CEO of Binance criticized Terra and UST token via Twitter. Following the collapse of UST, Terra’s stablecoin and LUNA, its native token, many cry...
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...
New recovery plan for Terra blockchain
Do Kwon has made public a new recovery plan for the Terra ecosystem. While the previous plan, published in the midst of the collapse, envisaged an attempt to rescue the ecosystem, this other proposal ...
TRON Grand Hackathon 2022 Season 2 Kicks Off With Season 1 Winners Livestream and a New $10 Million Incentive Program to Support Terra Developers
Geneva, Switzerland, 17th May, 2022, Chainwire The TRON Grand Hackathon 2022 Season 2, with an aggregate bounty of $1 Million, kicked off on Monday, May 16. The Kickoff Livestream featured Season 1’s ...
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...
SEC Chair Gensler Responds To Terra Crash, More Regulation Due?
SEC Chair Gary Gensler on Monday said the crypto market needs more regulation to protect investors from projects like Terra. Gensler blames crypto trading and crypto wallet platforms for not disclosin...
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...