The Terra ecosystem in the past week experienced a massive nightmare as the UST & LUNA both being the native tokens slashed heavily. The LUNA prices have dropped so heavily that it was very close ...
Tag: Terra
Avalanche (AVAX) Slumps 5% In Minutes On Fears Of Terra Dump
Avalanche (AVAX) slumped on Monday as traders feared that the Luna Foundation Guard (LFG) could dump its holdings of the token. AVAX is trading at $32.41, down 6% over the past 24 hours. The token’s l...
May Brings Showers Not Flowers as Bitcoin Languishes in Terra Aftermath
Duong says that from a price-chart perspective, bitcoin is in a “no-man’s land” with the next major technical support at the 200-week moving price average around the $22,000-23,000 area. “If thi...
Terra fork won’t work, says Binance CEO Changpeng Zhao
Binance CEO Changpeng Zhao says he doesn’t think Terra’s plan of forking the blockchain will work because it won’t provide any value. “This won’t work,” Zhao said i...
Vitalik Buterin urges Terra to compensate small UST holders first
Vitalik Buterin, the co-founder of the Ethereum network, has said that the Terra project should work closely with small holders to ensure they are compensated first during the proposed reimbursement p...
South Korea Toughens Up Investigations Over Terra (LUNA) Crisis
South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading. Gaming...
Terra (LUNA) Is a Case of Marketing and Memes Gone Wrong, According to FTX CEO Sam Bankman-Fried
The chief executive of crypto derivatives exchange FTX says that the downfall of Ethereum challenger Terra (LUNA) was due to faulty marketing rather than outright deception. Sam Bankman-Fried says tha...
Polygon CEO Comes In Rescue For Terra Blockchain! Will Terra Projects Shift To Polygon?
Over the past week, the Terra blockchain system had swayed away from the entire crypto market. Industry activists are emerging to provide extensive assistance to the community. On Sunday, May 15, Rya...
Binance CEO Says Hardfork of Terra Blockchain Won’t Work, Demands More Transparency
Binance CEO CZ says that there’s open to working with the Terra community but demanded more transparency on the recent events. “Minting, forking, don’t create value. Buying back, burning does, but req...
“Never Moved Or Sold” Binance CEO Shares More Insights Showing Exchange Still Holds 15M Terra (LUNA) Received In 2018
– Advertisement – Binance CEO Says they completely support Terra’s (LUNA) proposal of supporting retail Investors while holding the Luna and UST. Binance’s CEO admitted that he was under...
DeFi TVL crashes as Terra collapse triggers investor fears
The cryptocurrency market performed poorly last week, with billions of dollars liquidated in a few weeks. Following the market crash, the decentralized finance (DeFi) sector has been affected, with th...
Polygon working with projects on Terra: how will this shape MATIC?
Polygon MATIC/USD is a Layer-2 scaling solution, also known as a sidechain, that was specifically developed to provide faster transactions with lower costs for its users. Polygon also has its own nati...
Luna Foundation Guard Reserves Decimated By Terra Crash
The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. Its holdings now stand at about $260 million- a far ...
Terra LUNA Circulating Supply Increases by Nearly 1.9 Million Percent Within Days
As the effect of the Terra USD (UST) losing its peg to the dollar continues to take its toll, the circulating quantity of Terra’s LUNA has surged by over 1.9 million percent in the last seven da...
Binance’s CZ hopes Terra can rise again
The Terra project is now clearly dead, but there is a revival plan in place and Binance CEO CZ hopes it will work. Binance CEO CZ hopes for a revival of the Terra ecosystem However, there are many who...
Terra validator wants old chain shut down 1
Terra has continued to settle down after a series of decline runs to reach its lowest level since its creation. Although all that is now partly over, its community is still very far from impressed. As...
Luna Foundation Guard Member Says Terra Reserves En Route
A high-ranking member of the Luna Foundation Guard (LFG) said on Monday that the foundation’s reserves are almost ready to be deployed, barring a few technicalities. The reserves will be largely targe...
The UK Plans to Regulate the Stablecoins Following Terra (LUNA) Collapse
The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has plan...
Binance CEO Says Buy Back Or Burn Terra (LUNA) To Create Value, Confirms Exchange Doesn’t Hold UST
– Advertisement – Binance CEO Says The Exchange Doesn’t Hold Any UST and Terra team should Burn LUNA to help price recover. It’s been a devastating week for Terra Luna and UST after the cr...
Ethereum Founder Says A Terra Bailout Should Target These Holders
Ethereum founder Vitalik Buterin said on Sunday that any attempts by Terra to repay its holders should be deployed towards the most vulnerable of its holders. In a tweet, Buterin called for Terra’s de...
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown – Regulation Bitcoin News
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service prov...
Terra should protect the smallholders, not the whales
Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan. As widely reported, the Terra eco-syste...
Crypto Market Forecast: Buy On BoostX Before Terra (LUNA) and Ethereum (ETH) Recover
Place/Date: – May 15th, 2022 at 4:32 pm UTC · 3 min read Source: BoostX The recent crypto market crash has left many fearing for their investments and even some of the most famous crypto billion...
Polygon Team Working With Terra Projects to Help Them Swiftly Migrate to Polygon Network
The collapse of the Terra ecosystem over the last week has shaken the entire crypto market. Industry players are coming forward to lend an extending help to the community. On Sunday, May 15, Ryan Wyat...
Major validator calls for ‘completely new chain’ to replace Terra
As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down...
Terra crashed. What does it mean for other stablecoins? Here are the potential winners and losers
It’s the third day since TerraUSD, an algorithmic stablecoin designed to trade 1 to 1 against U.S. dollars, fell off its peg for an extended period of time. TerraUSD USTUSD, +4.36%, or UST, the 11th l...
Terra to Restarts Blockchain as LUNA crumbles to the ground
Terra saw one of the largest crashes in crypto history this week, prompting the network pauses. The Terra network’s algorithmic stablecoin, UST, is critical. As the network’s death spiral continues, ...
FTX founder defends Terra founder amid massive plunge
FTX pioneer Sam Bankman-Fried has tweeted with regards to Terra biological system He has come out in support of its CEO and prime supporter, Do Kwon and defended him Do Kwon was claimed as the Eliza...
Terra Dapp Expo canceled following chaotic week for Terra network
The Terra Dapp Expo, slated for June 9 and 10 in Austin, Texas, has been canceled, according to the expo’s official Twitter feed. “We have been monitoring the community responses to the idea of TDX co...
Terra Hasn’t Killed Crypto, But It Was a Narrow Escape
(Bloomberg) — Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion ...
Binance denies investing Terra apart from a $3m investment
On Sunday, Binance CEO and executive director Changpeng Zhao addressed a journalist’s tweet claiming that the exchange had backed Terra’s LUNA in 2019 and 2021. Since the collapse of its tokens this w...
Has Involvement in Terra (LUNA) collapse caused Citadel Securities and Blackrock to push back?
Following the market pushbacks created by the shockwaves of Terra’s UST stablecoin depegging has made numerous implications afterwards Many blue chip institutions are busting the rumors that are revol...