Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi act...
Tag: Terras
Investors Shouldn’t Abandon Crypto Because of Terra’s Collapse, Says IMF’s Managing Director
According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on th...
Terra’s Projects Surge Heavily, Anchor Protocol (ANC), Mirror (Protocol) Spike While LUNA Price Fades Away
Anchor Protocol (ANC) Anchor Protocol’s recent market bullish sentiments are rising and were intending to outperform the entire crypto space earlier. And hence currently it appears that The asset is c...
Is Terra’s Singapore Office A “Paper Company?”
Terra’s main office in Singapore may be just a paper firm, according to reports from a South Korean media outlet. The report contradicts statements from Terra founder Do Kwon that Terraform Labs (TFL)...
IMF Managing Director Says Cryptocurrency Must Not Be Abandoned After Terra’s Collapse
– Advertisement – A top IMF official said cryptocurrency investors should not flee the market after the Terra ecosystem tokens crash. Following the collapse of Terra ecosystem tokens in t...
Terra’s Implosion Births Crazy Stablecoin Backed by Iced Tea
After TerraUSD (UST) de-pegged from the U.S. dollar, dragging with it billions of investors’ funds, a new stablecoin backed by cans of iced tea has risen like the phoenix. Satire or not, USDTea, a new...
What you should know about DeFi’s meltdown after Terra’s episode
The bear market that pulled down cryptocurrencies and NFTs alike is currently on to its next target. It seems that the DeFi segment is next-in-line for a bloodbath. DeFi’s Total Value Locked has falle...
Terra’s market cap hovers above $1 billion as LUNA gains 15% in 24 hours
After having a solid start to the year, the price of Terra’s (LUNA) has experienced a precipitous decline falling from as much as $96 to less than a cent in the last month. In point of fact, the price...
Terra’s Trial Grips The Ecosystem
The crypto markets are still reeling from the effects of Terra’s implosion and while it might be a hassle to keep up with the latest happenings in the space, Be[In]Crypto has got you covered. We’ve ro...
Near Protocol picks up slack, onboards Tracer following Terra’s downfall
For many Level 1 crypto projects, returning to normalcy from Terra’s death spiral meant a complete migration to a different ecosystem. But how does one make the right move, especially after knowing th...
Terra’s Do Kwon Doesn’t Support Burning LUNA Tokens
Alex Dovbnya Terra’s Do Kwon says burning tokens is a bad idea In a recent tweet, Terra creator Do Kwon said that burning LUNA tokens wasn’t a good idea. Although he did provide users with a bur...
Cardano’s founder Charles Hoskinson Trolls Terra’s Founder Do Kwon Again: “Terra 2, Wrath of Kwon”
– Advertisement – Hoskinson is still throwing shades at Terra’s founder over his comments last month. Charles Hoskinson, the CEO of Input Output Global (IOG), the organization responsible ...
Do Kwon Responds to Terra’s Singapore Move, Clarifies Rumours – Coinpedia – Fintech & Cryptocurreny News Media
The most talked about subjects since the beginning of this month have been Do Kwon, Terra’s founder, and Luna’s fall. Following his proposal for the chain’s rebirth, Kwon eventually responded, clearin...
DAI Emerges Strong Despite Terra’s Downfall
DAI tops it off as the strongest stablecoin to date despite Terra’s plunge. USDT and UST may have plummeted – but not DAI. It’s been a brutal two weeks in the crypto space especially with the devastat...
Terra’s meltdown highlights benefits of CEX risk-management systems
The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (...
Binance Founder CZ’s Suggestion for Terra’s Risk Reduction – Coinpedia – Fintech & Cryptocurreny News Media
Looking at the graph of the Cryptocurrency market nowadays, it looks unsafe in all possible directions. As Bitcoin and ether are at their lowest point since 2020, altcoins, dogecoin, and Cardano are ...
Avalanche Loses $60M in LUNA-UST Fiasco, Founder Compares Terra’s Crash to Mt Gox Hack
Terra’s crash last week left many investors scratching their heads and counting losses. Other crypto projects and investment firms that partnered with Terra were also affected and are reporting major ...
A Look at What’s Left of Terra’s Defi and Token Ruins – Bitcoin News
Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten...
Do Kwon Clears The Air Over Terra’s Singapore Move
The Founder of Terra, Do Kwon, and the collapse of Luna are the most talked about topics from the beginning of this month. After proposing some revival plans for the chain, Kwon finally gave out some ...
CZ shares his thoughts on the crypto space following Terra’s collapse
Changpeng Zhao (CZ), the CEO of Binance, the largest crypto exchange by trading volume, has come out to share a few crypto lessons after the crash of TerraForm Labs’ LUNA and UST coins. In a May 20 bl...
G7 countries call for tougher crypto regulation following Terra’s collapse
Finance ministers and central bank governors from the Group of Seven (G7) industrialized nations met in Germany on May 19 and 20. According to a report published by Reuters on May 19, the main topic w...
Terra’s amended revival plan would decrease the allocation for post-attack UST holders
After a grueling two weeks for the Terra community, the team behind the project announced revisions to their proposed revival plan for Terra (LUNA) and TerraUSD (UST). In a Tweet, Terra shared three ...
Cosmos price rebounds 45% in one week despite Terra’s debacle — What’s next for ATOM?
Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market...
Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15
Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it’s a near-d...
Stablegains in hot water after losing more than $40M due to Terra’s collapse
Yield app Stablegains faces allegations of misusing clients’ money — and possibly a lawsuit — after losing more than $42 million, which it had invested in UST via Anchor protocol without informing cli...
Regulators to consider Terra`s fall in new crypto rules-UK
The recent crypto winter has spooked regulators. The demise of Terraform labs provides a strong argument for government intervention in the future phase of the cryptocurrency industry. Regulators arou...
Terra’s Do Kwon Investigated for Running a Ponzi: Report
Key Takeaways Adding to criminal complaints from a group of South Korean investors, prosecutors are reportedly investigating Terraform Labs CEO Do Kwon on Ponzi charges. The prosecutors are scrutinizi...
SEC Chair Predicts Other Cryptocurrencies Will Mimic Terra’s Downfall and Harm Investors
The Chairman of the United States Securities and Exchange Commission (SEC) – Gary Gensler – opined the turbulence in the digital asset market has not ceased with Terra’s fiasco. He predicted that a lo...
South Korea Slams Terra’s Do Kwon With $78M Fine for Tax Evasion: Report
South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. The Genesi...
Could Terra’s Do Kwon Go to Prison?
In brief The bar to prove fraud in the U.S. is a high one to clear. It’s unclear for now if the behavior of Terra’s founder was more than merely reckless. The recent collapse of the stable...
Terra’s UST Causes A 20% Dump In DeFi Token Curve (CRV), Here’s How
The native token of DeFi giant Curve (CRV) slumped 20% on Thursday after the platform proposed removing support for UST. CRV plummeted to as low as $0.9- its lowest level in 16 months. It is now tradi...
Another Theranos? Do Kwon Stares At Multiple Lawsuits As Investors Sense Fraud In Terra’s Debacle ⋆ ZyCrypto
Advertisement     Last week, a columnist described Terraform Labs’ co-founder Do Kwon as “the Elizabeth Holmes of Crypto.” Elizabeth Holmes is a former CEO of the now-...