Terraform Labs on Thursday said it has proposed three new emergency measures to save LUNA and UST stablecoin. The company has proposed to burn all UST in the community pool, burn the remaining 371 mil...
Tag: Terra
Ethereum (ETH), Terra (LUNA) Operations on Binance (BNB) Affected by Congestion: CZ
Vladislav Sopov Here’s how the bloodiest crypto collapse in months resulted in Binance (BNB) congestion Contents Blockchain congestion and node issues affect Ethereum, Terra operations on Binanc...
The Terra Blockchain Has Been Halted
Key Takeaways Terra validators have halted the blockchain in response to the ongoing LUNA and UST crisis. Due to UST losing its peg to the dollar, LUNA has entered a death spiral. It broke below one c...
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon’s, rescue plan for UST. The thread...
Terra Temporarily Halts Blockchain As LUNA Hyperinflates and Implodes 99% in One Day
Terra temporarily halted its blockchain as its native asset LUNA suffered through extreme hyperinflation and price collapse. The embattled algorithmic stablecoin protocol halted the blockchain on Thur...
The Terra Blockchain Halts Network Activity After LUNA Crashes
Since the start of this week, the cryptocurrency market has undergone a severe bearish spell. Several tokens have shed a major portion of their value. The likes of Bitcoin and Ethereum lost their supp...
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch – Bitcoin News
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to app...
LUNA, UST Issuer Terra Restarts Blockchain After Brief Shutdown
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Terra Blockchain Halted To ‘Prevent Attacks’ After Luna Token Crashes Nearly 100% Overnight
Topline The platform behind the embattled luna cryptocurrency said Thursday afternoon it had temporarily halted its blockchain to stop transactions after the token’s price plummeted nearly 100% ...
Market Bleeds As LUNA Nears $0
TradingView Worth $119.22 at its peak, LUNA LUNA , the sister asset of troubled cryptocurrency TerraUSD UST , collapsed to almost $0 overnight. As of 10:45 a.m. ET, the token is trading at $0.005 with...
What really happened to Terra LUNA and UST?
Terra LUNA has now lost almost $100 of its market value, whereas UST, after hitting a low of $0.29, seems to be approaching the peg threshold again. The path, however, is still a long way off and the ...
Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
Bitcoin (BTC) nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone. Even though Bitcoin had regained momentum to hit $27...
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse – Featured Bitcoin News
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchan...
Terra (LUNA) Cryptocurrency Collapses 98% Overnight!
The Terra (LUNA) price has fallen 99% within a day. It was one of the top 10 cryptocurrencies, but now its rank has fallen to 121. The market cap has also dropped by more than 76%. The price fall wash...
Is LUNA Dead? Terra Luna Price Drops Below 4 Cents, UST still De-pegged at $0.67 » NullTX
After dropping nearly 99% in the past week from a high of $85 to a low of $1 yesterday, LUNA is the gift that keeps on giving, dropping well below 10 cents today, currently trading at $0.035. Those tr...
Terra Outlines Emergency Plans To Save LUNA And UST
Terra’s CEO, Do Kwon, reappeared early Wednesday to present an emergency plan to save UST and LUNA. To protect against network governance attacks, the business proposes burning all UST in the communit...
Terra Price Prediction – LUNA Is Crashing Aggressively
Terra (LUNA) Price Prediction – May 12Previously, before the May 5th session that marked the start of the major economic downing in most of the crypto business operations, Luna is down-turning aggress...
Terra (LUNA) Founder Few Days Before: “95% Of Cryptos Are Gonna Die But There’s Entertainment In Watching Them Die”
– Advertisement – Terra founder finds entertainment in watching cryptos die, but he never knew he and his LUNA and UST would die faster than others. There are rare moments in the crypto ...
World’s Biggest Stablecoin Loses $1 Peg As Crypto Market Crashes
Topline The price of Tether, the world’s biggest stablecoin and a cornerstone of the cryptocurrency ecosystem, slipped away from its $1 peg on Thursday, intensifying worries amid a market-wide crash a...
Not Just Terra: ApeCoin, Avalanche, Solana, Shiba Inu All Down at Least 20% in Crypto Crash
In brief The cryptocurrency market is down 11% over the past 24 hours. Avalanche, ApeCoin, Shiba Inu, and Solana are among the coins and tokens that have experienced major losses in the past day. It’s...
After Terra, Is Tron Next? TRX Short Interest Skyrockets
Tron Founder Justin Sun said he will deploy a $2 billion reserve to protect TRX against heightened short interest. As the Cryptocurrency bloodbath intensifies many crypto leaders are announcing plans ...
Crypto Pundit Peter Brandt Slams Terra (LUNA), Says The Only Trustworthy Crypto Is Bitcoin
– Advertisement – Crypto Pundit Peter Brandt Slams Terra (LUNA). The last few weeks have been hell for holders of Terra Luna as the crypto recorded successive value losses. Back in April, ...
Market depression: Asian crypto stocks receding after Terra collapses
The global crypto market has undergone some critical changes, transforming the shape of its future investments. The changes have affected it in value because the impacts are limited to regular currenc...
This is Why TerraUSD (UST) May Hit $1 Before Terra (LUNA) Price!
Terraform labs, in the recent days dumped the whole BTC reserve and dragged the entire crypto space into a deep bearish well. Bitcoin price visited the rock-bottom levels, hitting the support levels t...
$1 Trillion Crypto Meltdown—Huge Crash Wipes Out The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra’s Luna And Avalanche
Bitcoin and cryptocurrencies have crashed further overnight, dropping to levels not seen since the crypto market began surging in late 2020 and wiping away almost $1 trillion worth of value in a month...
Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes
Maker’s (MKR) price has jumped nearly 50% in the last few hours on speculation over replacing Terra’s dominance in DeFi. The DeFi token behind the DAI stablecoin seems to be benefitting from the fall ...
Binance Decides To Halt Terra (LUNA) Futures Trading
– Advertisement – As LUNA continues its free fall, cryptocurrency users have expressed concerns about the massive dip’s ripple effect on the entire market. As a result of the ongoing and ...
Terra founder reportedly has link to failed stablecoin, Basis Cash
A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash. This algorithmic stablecoin failed last year, a Coindesk report has revealed. ...
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, has not accepted defeat. After an 18-hour wait in which Terra’s LUNA and TerraUSD (UST) endured a face-ripping freefall, Kwon has announced what he hopes will be ...
LUNA on Free Fall as Terra Co-founder Do Kwon Failed to Produce Recovery Plan
UST’s decline has prompted calls from the US government on the stablecoin regulation. Terra Network’s LUNA has dropped to under $5 following a 90% weekly plummet. The price action represents one of th...
Terra Erases 12 Months Bullish Gains with 94% Drop in Value
The Terra community is almost in disarray as the ecosystem’s two flagship tokens, including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen. While ...
Tron DAO Launches its “Terra Destroyer” Stablecoin on Multichain DEX
According to an official announcement, Tron DAO’s own $USDD is now available on Multichain DEX (formerly AnySwap) alongside PancakeSwap, Uniswap, Ellipsis and sunSwap, the first to have listed s...