Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets. Data from Cointelegraph Markets Pro and TradingView showed both...
Tag: Terra
Terra UST Declines 88% in 5 Weeks as LUNA Foundation Liquidates Entire $BTC Holdings
Tomiwabold Olajide Embattled cryptocurrency is now down a staggering 96.49% from its all-time high of $119 reached on April 5 Terra’s LUNA continued its free fall on May 11, shedding 88% in five...
Terra USD Collapse Exposes Critical Flaw in Bitcoin, Peter Schiff Insists
Yuri Molchan Prominent BTC critic Schiff opines on why the collapse of UST has exposed a major flaw in Bitcoin and crypto overall The CEO of Euro Pacific Capital, gold bug Peter Schiff, has taken to T...
Terra (LUNA) Price Hits Record Low, Can Do Kwon Fix This?
The Terra (LUNA) price has fallen to an all-time low below $1, despite founder Do Kwon’s proposal to fix the UST peg. The token slumped 98% in the past 24 hours, with losses showing no signs of slowin...
Terra (LUNA) Futures Sees $106 Million in Liquidations as UST Falls to $0.35
Even when the tokens sank yesterday, 58 percent of LUNA dealers were betting on higher values. Did you know that in January 2022, LUNA was trading at roughly a hundred times greater than it was the pr...
Terra Sacrificing LUNA to Save TerraUSD (UST) Forces Coin to Plunge Below $1
– Advertisement – Terra (LUNA) has continued its free fall from glory as the cryptocurrency fell below $1 on popular cryptocurrency exchange Binance. No one thought they would see LUNA fa...
Is Terra (LUNA) Done Correcting After 93% Decrease In Three Days?
Terra (LUNA) has been falling sharply since May 9 and has so far reached a low of $4.12. This is the lowest price since early 2021. LUNA has been falling since reaching an all-time high of $119.55 on ...
What Is Terra? The Algorithmic Stablecoin Protocol Explained
Stablecoins are assets pegged to the price of a single asset, typically a fiat currency such as the dollar. The first generation of stablecoins, such as Tether, maintain their price using a basket of ...
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions – Defi Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
LUNA Collapses to $0.69 As Terra Founder Do Kwon Outlines Plan To Rebuild Ecosystem
Terra founder Do Kwon has revealed a plan to rebuild the project’s ecosystem following LUNA’s 99% collapse from its all-time high to below $1 and TerraUSD (UST) losing its dollar peg. In a Twitter thr...
Anchor Protocol’s ANC token dives 65% as Terra woes deepen
Anchor Protocol (ANC) is down by 65% in the past 24 hours, falling sharply in intraday selling as crypto bleeding hit tokens in the Terra ecosystem hard. The ANC token, which traded at highs of $0.85 ...
Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra
Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized. Hoskinson, who is also an Ethereum co-founder, said this in response to a tweet made by dcSpark founder Sebast...
Terra: the failure of an ecosystem?
In recent days, the entire crypto market has suffered a general collapse. The most shocking scenario, however, is depicted by the Terra ecosystem, which seems to have failed in many ways. What has hap...
Terra (LUNA) Loses Nearly $39B Market Cap In 5 Weeks, Crypto Users Lament
– Advertisement – As LUNA continues its free fall, cryptocurrency users have expressed concerns about the massive dip’s ripple effect on the entire market. In what may seem like a rug pul...
SHIB Holding Its Ground In A Free Falling Crypto Market As Shiba Inu Takes 14th Spot Beating Terra UST and Tron
– Advertisement – Shiba Inu (SHIB) is now the 14th biggest cryptocurrency globally in terms of market cap. The most popular dog-themed cryptocurrency climbs to the 14th spot as Terra (LU...
Will LUNA and UST Price Recover? Terra Luna Price Down 93%, UST De-pegged to $0.3 » NullTX
Even with Bitcoin’s price destabilization over the past week, most of the attention is on the abysmal price performance of Terra Luna, which is down 93%, and UST, whose price is supposed to stay pegge...
Terra Nears Zero as Do Kwon Promises “Return to Form”
Key Takeaways Terraform Labs CEO has endorsed a governance proposal to save the Terra ecosystem. The proposal suggests accelerating LUNA minting to preserve UST’s peg. LUNA is trading around $1,...
Terra LUNA Under $1 as UST Still Unpegged
Terra (LUNA) has had a rough couple of days following the depegging of the UST stablecoin. The collapse of Terra LUNA has continued on Wednesday, with the token now dropping to below $1. Luna Crash – ...
Do Kwon Offers Solutions For Terra Ecosystem, Can it Push LUNA Back Above $30?
Terra Ecosystem is having a troubled time, as the ecosystem has witnessed one of the greatest falls in its price, inflicting a damage of Billions. However, Do Kwon took it to Twitter, and offered some...
Terra (LUNA) Tumbles 95% Weekly, What Does it Mean for Do Kwon’s Multi-Million Dollar Bet?
As Terra ecosystem’s UST stablecoin untethered over the weekend, LUNA slipped frantically as well, losing approximately 95% of its value. The efforts to rescue UST continue as LFG – the entity that ac...
Terra Death Spiral Hits $3 as Bailout Rumors Fade
Key Takeaways Terra’s LUNA token is down another 90% today. Efforts to restore UST’s dollar peg have severely impacted LUNA’s price. Terraform Labs CEO Do Kwon has addressed the community ...
Terra Price Analysis: LUNA Plunges 75% in 24 hours, Why is the Cryptocurrency Price Crashing?
Terra(LUNA) has had a cyclonic week with the cryptocurrency falling at a whooping rate. The crypto asset is experiencing drastic days as the whole cryptocurrency market starts rallying bearish notifyi...
Terra (LUNA) Price Hits Below $10, Is the Price Heading Towards Zero ‘0’?
Terra’s (LUNA) price is plunging very hard amid the deep bearish market sentiments towards the crypto. The price quickly slashed more than 90% in just 2 days, heading firmly towards 0. On the other ha...
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypt...
Terra (LUNA) Falls Over 85% In Weeks, Losses Position In Top 25
– Advertisement – Terra (Luna) is feeling some severe heat. Back in April, Terra Luna’s price was soaring at an impressive $119. Since then, a lot has changed, and the Terra Luna community...
UST Lose Its Peg, Terra (LUNA) Price Crashes More Than 90%! What’s the Recovery Plan?
Over the past few weeks, the cryptocurrency market is trading at an alarming rate dragging almost every cryptocurrency along with it. Among such cryptocurrencies is Terra blockchain’s LUNA. Over the ...
Cardano Creator Mocks Terra After Price Crash
Alex Dovbnya Cardano’s Charles Hoskinson has hit back at Terra after severe price correction Cardano creator Charles Hoskinson took a swipe at Terra, a competing smart contract platform, in a re...
Terra price analysis: LUNA falls below $10 as the market bleeds out
TL;DR Breakdown Terra price analysis suggests a downwards movement to $1.00 LUNA faces strong bearish pressure as the sell-off continues The closest support level lies below $5.00 The Terra price anal...
Someone Forgot to Tell the Washington Nationals About Terra
Talk about bad timing. The Washington Nationals, winner of the 2019 World Series, have been making good on the terms of a partnership it forged back in February. The unfortunate part? That partnership...
Treasury’s Yellen Highlights Terra Collapse in Call for Stablecoin Legislation
Treasury Secretary Janet Yellen today said that stablecoins need to be regulated by this year. In a hearing Tuesday, Secretary Yellen said that although digital assets may “promote innovation,” they c...
Why Is Terra Luna and UST Price Dropping? What’s Really Going On? » NullTX
With the recent crypto bloodbath, most cryptocurrencies are down roughly 20% this week. However, Terra Luna has been down over 78% in the past seven days, and its stablecoin TerraUSD (UST) is down ove...
‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B BTC bag
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price...