After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this ca...
Tag: Terra
Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse
Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA). “I am very disappointed with how this UST/LUNA incident was handled ...
BREAKING: Terra Blockchain Halted
Alex Dovbnya The Terra blockchain has been halted to prevent governance attacks The Terra blockchain has been halted by developers at a block height of 7603700, according to a Twitter announcement. Th...
Terraform Labs Founder Do Kwon proposes a Terra Rescue Plan
Terra has been at the receiving end of one of the most disastrous downfalls in the history of crypto and blockchain. Terra’s stablecoin project, UST, and its native token, LUNA, crashed in the past fe...
Fitch Says Terra Collapse Will Accelerate Calls for Regulation
Alex Dovbnya Terra disaster will expedite regulatory clampdown in stablecoin sector, according to Fitch Ratings Fitch Ratings, an American credit rating agency, predicts that the epic collapse of the ...
Celsius pulled half a billion dollars out of Anchor Protocol amid Terra chaos
Crypto lending business Celsius had at least half a billion dollars of funds parked in Anchor Protocol but appears to have pulled all of it out over a frantic 24 hour period earlier this week. Wallet...
Terra (LUNA) Founder Breaks Silence, Proposes New Revival Plan for Ecosystem
Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins...
Do Kwon Says He’s ‘Heartbroken’ Over Terra Demise
Do Kwon is known for an aggressive social media strategy, but the Terra co-creator has been uncharacteristically silent for the past few days as the network careened into catastrophe. Today, hours aft...
Terra Founder Do Kwon Says He Never Sold UST Nor LUNA During Price Crash
– Advertisement – Do Kwon mention that he also suffered huge losses because he never sold any of the tokens. Terra’s team, led by Do Kwon, has come under heavy scrutiny within the past wee...
No $LUNA or $UST Were Sold This Crash Says Terra Founder Do Kwon Outlining Recovery Plan – Coinpedia – Fintech & Cryptocurreny News Media
From the last few weeks, and just three days ago, Terra Luna’s supply was just 340,000 according to Terra analytics. And the UST lost its peg from the dollar on Monday, and that is when the Luna start...
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...
Binance suspends LUNA and UST trading amid issues on Terra blockchain
Global cryptocurrency exchange Binance has suspended trading pairs with Terra (LUNA) ecosystem’s cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algor...
Dr. Avalanche, Mr. Terra, and the tale of Luna Foundation Guard Reserve
A week ago, Terra [LUNA] was just above $80 as investors bemoaned its faith. But at press time, the ex-top ten crypto was changing bloodstained hands at $0.00005687. Naturally, the shock of this fall ...
BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight
Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure. Data released on May 13 confirms that overnight, the...
Do Kwon Proposes Revival Plan for Terra Ecosystem
Terra co-founder Do Kwon has unveiled a revival plan for the Terra community, which will involve abandoning the UST stablecoin entirely. Instead, he suggests that validators reset network ownership un...
CryptoCom Reversing All Terra (LUNA) Trades Initiated At An “Incorrect Price” Since May 12th, FTX Delist LUNA
– Advertisement – Crypto.com Is Reversing All Terra Luna Trades Initiated At An “Incorrect Price” Since May 12th Terra Luna has been the talk of the town this entire week, all courtesy of...
Binance CEO Says Axie Infinity Handled Its Crisis Better Than Terra With UST Depeg
Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange expressed his disappointment in the way Terraform Labs handled the recent LUNA and UST collapse. Zhao said that the team be...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears – Bitcoin News
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last we...
Was Terra Crashed Deliberately? Citadel Securities, Blackrock, Gemini Deny Role In UST’s Depeg ⋆ ZyCrypto
Advertisement     Following UST’s collapse, narratives of a shadowy conspiracy involving top-notch hedge funds hell-bent on bringing down the stablecoin have been maki...
Terra Community Must Revive Network, Do Kwon Urges
Key Takeaways Do Kwon has published a post on Terra’s governance forum presenting a plan to revive the network. Kwon has suggested issuing 1 billion new tokens for Terra community members. Kwon ...
Terra Goes Offline Indefinitely After Resuming Service LUNA And UST Remain On Life Support
After restarting the network from an overnight downtime to prevent any governance assaults, Terra officially ended block production at 09:58 am HKT on Friday, block height 7607789. Terra stated that v...
Terra Restarts Blockchain as LUNA Spirals to Zero
Key Takeaways The Terra network has restarted again. The network was briefly paused Thursday to limit the risk of governance attacks, then went offline again a few hours later. LUNA effectively trades...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears – Coinotizia
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last we...
Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash
Crypto exchange giant Coinbase is announcing plans to suspend trading of TerraUSD (UST) and Wrapped Luna (WLUNA) on all levels of the platform. Coinbase Assets recently made the announcement on Twitte...
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps – Bitcoin News
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coi...
Terra Initiates Proposal to Burn Remaining UST
A new proposal with additional points added to Do Kwon’s initial rescue plan for UST was presented on May 12. Do Kwon is the CEO of Terraform Labs. The proposal, named “Agora,” initi...
Binance CEO “Very Disappointed” With How The Terra Team Handled The Luna And UST Incident
– Advertisement – Binance CEO “Very Disappointed” With How The Terra Team Handled The Luna Incident. Terra Luna seems to be antagonizing people from all corners of the crypto industry. N...
Binance’s CZ “Disappointed” With Terra Team’s Collapse Response
Key Takeaways Binance CEO Changpeng Zhao has said that he is “disappointed” with Terraform Labs’ response to Terra’s collapse. Zhao posted a tweet storm reflecting on the team&...
When the “Terra” Under Your Feet is Not so Stable
UST: The promise that was intended to take us to the MOON has become a lesson in humility, says Lorena Ortiz On May 7 there was a small shock in UST (Terra USD) when it began to lose its parity with t...
Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral
Things are not getting any better for the Terra ecosystem as Binance has now decided to delist LUNA and UST trading pairs. On May 13, Binance, the world’s largest crypto exchange by volume, posted a n...