While crypto markets staged a rebound Friday morning, the MakerDAO governance token, MKR, was up 30% as investors bet on its DAI stablecoin amid Terra’s ongoing collapse. Early Friday, MKR was t...
Tag: Terras
The Shockwaves From Terra’s Abrupt Plunge ⋆ ZyCrypto
Advertisement     Algorithmic stablecoin TerraUSD (UST)’s drop from its US dollar peg sent shockwaves across the entire crypto market this week and ignited the dip in ...
Yellen calls for proper crypto innovation amid Terra`s fall
Janet Yellen has made some thoughtful remarks about the proper way to regulate digital currencies and assets, innovation, and their rules. The current gloomy environment surrounding the crypto market ...
OKX Delists Terra’s LUNA and UST Citing User Protection
In explaining the reasons for Binance’s suspension, Zhao initially tweeted that “an exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Some of our...
Swiss Asset Manager GAM Looks Forward To Back Terra’s UST Peg! Will LUNA Reclaim $1?
Terra, which was among the largest cryptocurrencies, has dropped below $1 crashing by almost 99% overnight and this move has wiped out 95% of investors’ wealth. The reason is the Terra blockchain’s US...
We’re Only “Halfway There”—Insiders Warn Of 80% Meltdown As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin In Free Fall
This week brought the most brutal crypto rout of 2022. Yesterday, the bitcoin price was down 26% for the week. Ethereum’s price crashed 35%, BNB BNB 41%, dogecoin 42%, cardano 44%, XRP XRP 39%, solana...
Binance Warns It Will Delist Terra’s LUNA If It Falls Below 0.005 USDT
Binance warned Thursday that it would delist the LUNA/Tether trading pair if LUNA’s price fell below 0.005 Tether, or about half a penny. Shortly after Binance sent its tweet, Terra shut down its enti...
Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
LUNA has left crypto enthusiasts’ mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight. LUNA and T...
Terra’s Planetary Collapse Is Taking Down Crypto Lending; Altcoins Plummet
Still, other cryptocurrencies fared far worse, a sign of the risk-off environment that has investors veering away quickly from any asset with a whiff of risk. Ether, was trading at about $1,960, off a...
Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon’s first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra’s Twitter account. Terra feels that the downward pressure on UST’s peg is diluting L...
Is Tether (USDT) Following Terra’s UST In Losing Its Dollar Peg?
Tether (USDT), the world’s largest stablecoin, appears to be under extreme liquidation pressure amid the ongoing crypto crash. The token is down 4.8% to 0.9508- its lowest level since the 2017 crypto ...
Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST
Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price...
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims – Bitcoin News
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has d...
After the Collapse of Terra’s UST, What’s Next for Algorithmic Stablecoins?
In brief Terra’s UST stablecoin is trading well below its $1 target. Stablecoin creators and skeptics alike believe collateralization is key to consumer confidence. On Monday, the Federal Reserv...
Terra’s LUNA Falls Below $1
The price of Terra’s LUNA token has fallen below the $1 mark. It reached a new daily low of $0.938 on the Bitfinex exchange at 12:39 p.m. UTC. Image by tradingview.com One of the most popular cr...
$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...
Avalanche drops 30% on fears Terra’s LFG will dump AVAX next
Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra’s native stablecoin TerraUSD’s (UST) peg with the U.S. dollar. Major AVAX dump ahead? AVAX&#...
Terra’s Do Kwon Finally Releases Recovery Plan for UST, Community Recalls “Lehman Brothers” Tragedy
Vladislav Sopov Here’s how Terra (LUNA) team is going to address collapse of TerraUSD (UST) stablecoin Contents Increase minting capacity would accelerate UST absorbing: Proposal Terra’s t...
Terra’s UST De-Pegging a ‘Brilliant’ Soros-Style Attack, Claims Analyst
Terra’s (LUNA) UST de-pegging from the U.S. Dollar was part of a ‘brilliant’ Soros-style stratagem that netted its perpetrator close to a billion dollars. So claims market analyst the Onchain Wizard, ...
Terra’s Do Kwon Plans To Sacrifice LUNA To Support UST Peg
Terra founder Do Kwon on Wednesday outlined plans to support the flailing Terra blockchain. But his plan is likely to pressure LUNA prices further. Terra (LUNA) has registered a historic dump amid the...
As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1
In what will surely be a historic week in stablecoin history, Terra’s LUNA, the currency that backs its dollar-pegged stablecoin UST, has slid beneath a dollar at the time of writing. No, we haven’t ...
Terra’s UST fiasco cited by Yellen
Janet Yellen reiterated her stance on stablecoin regulations Really need a consistent federal framework – Yellen LUNA’s Market Cap – $843,527,032 U.S. Depository Secretary Janet Yellen emp...
Terraform Labs CEO Do Kwon Outlines Terra’s Path Forward for LUNA, UST Stablecoin
Do Kwon, the founder and CEO of Terraform Labs, has broken his Twitter silence to reveal the Terra network’s next steps in the wake of this week’s crash. “I understand the last 72 ho...
Do Kwon Reveals Terra’s Proposed Rescue Plan to Save LUNA and UST
The outspoken Terraform Labs founder Do Kwon finally broke his silence and detailed the new rescue plan he has to re-peg the ecosystem’s flagship stablecoin, UST. In the latest Twitter thread, Kwon sa...
Terra’s Do Kwon Teases Recovery Plan But Stays Quiet After Almost 15 Hours
The UST drama continues on the cryptocurrency market as more people are in massive losses after Luna’s drop below $10 and UST’s failure to maintain the peg with one U.S. dollar. To calm do...
Terra’s LUNA Tumbles Below $10 Amid Catastrophic Sell-Off
Alex Dovbnya Terra’s LUNA has slumped into single-digit territory after a massive sell-off Terra’s LUNA plunged below the $10 mark at 5:06 a.m. UTC on the Binance exchange, hitting an intr...
Shiba Inu About to Surpass Terra’s LUNA After Double-Digit Price Spike
Alex Dovbnya Meme coin Shiba Inu is a hair’s breadth away from surpassing Terra (LUNA) after a 10% spike Terra (UST) has come close to plunging below Shiba Inu (SHIB) on CoinMarketCap amid a relentles...
UST Stablecoin Falls To $0.30 Overnight as Terra’s Market Woes Continue
The Terra network’s native algorithmic stablecoin TerraUSD (UST) has plummeted more than 45% over the past 24 hours. On Wednesday morning it plunged as low as $0.2998, according to data from CoinMark...
“Terra’s Return to Form Will be a Sight to Behold,” Says Do Kwon As He Unveils UST and LUNA Recovery Plan ⋆ ZyCrypto
Advertisement     Drama in the Terra ecosystem has taken a turn for the worse as the LUNA price continued its third consecutive day of falling. Over the past 24 hours,...
Terra’s LUNA Plummets by 32% in One Hour
Terra Network’s LUNA price has continued to take a beating today as the Terra Network token plummeted 65% in 24 hours. In the last hour of trading alone, LUNA fell by 32%—from $22.96 to $16.95—b...
As Terra’s UST Loses Its Dollar Peg, Concerns About USDT & USDC Stability Hype!
As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its p...
Going ‘To Zero’—Panic Is Sweeping Crypto Markets, Hitting The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra’s Luna And Avalanche
Bitcoin BTC and cryptocurrency markets have fallen sharply after the controversial algorithmic stablecoin TerraUSD (UST) dropped further from its dollar peg (following a serious “ripple” w...