Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to t...
Tag: Terras
What Happened to Terra’s Bitcoin Reserve as UST and LUNA Crashed
Last weekend, as Terra’s UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the...
What happened to the bitcoin reserve behind Terra’s UST stablecoin?
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to fi...
Elliptic’s Report Reveals Details About Terra’s BTC Treasury
Elliptic, a well-known blockchain analytics and intelligence firm, released a report explaining the situation regarding Luna Foundation. The report highlighted how LFG’s Bitcoin stash was bought to c...
Terra’s LFG Reveals What Happened to Its Bitcoin Reserves
Key Takeaways The Luna Foundation Guard revealed Monday that it had spent almost all of its Bitcoin reserves in its failed attempt to restore UST’s peg. The LFG reportedly has only 313 Bitcoin l...
Terra’s Fall Creates Ripples among DeFi Networks
The impact of Terra plummeting to $0 has crossed the ecosystem and created a chain reaction that brought down several DeFi networks and applications. Statistics confirm that the total TVL of the DeFi ...
Terra’s LFG Announces Compensation Plan After Selling Over 80,080 BTC To Rescue UST ⋆ ZyCrypto
Advertisement     The cryptocurrency sector has experienced a lot of dark days in its history, but very few can match the events of the past week. The Terra fiasco sen...
Cardano’s Djed Compared to Terra’s UST by Community: Details
Vladislav Sopov Here’s why Cardano’s first algorithmically-backed stablecoin cannot collapse in a UST-like manner Contents Why is ADA-SHEN-DJED design better than LUNA-UST? DJED keeps its ...
Where Are the $3.5 billion Terra’s Bitcoin Reserves, Should this be a Matter of Concern?
The Terra Foundation after accumulating a huge number of Bitcoins worth billions surprised the entire crypto space as it stood as the second-largest BTC holder after MicroStrategy. However, things got...
Binance CEO ”CZ” Says The Exchange Does Not Hold Any Of Terra’s UST
Binance CEO “CZ” in a tweet on Monday clarified that the exchange did not buy, and does not own any UST. Any UST the exchange had was from trading fees, and is now valued close to zero- following a se...
UK Treasury en route to legalizing stablecoins amid Terra’s UST crash
United Kingdom’s Department of Treasury, or Her Majesty’s Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the de...
Top Hedge Fund Manager Who Warned Investors, Says Terra’s Project Was Destined to Fail Due To High Yield
– Advertisement – The hedge fund manager said Terra failed because the system was designed to enrich investors and the team. While many investors were shocked at the massive fall of Terraf...
Ethereum Founder Vitalik Buterin “Strongly Agrees” With Terra’s Plan to Compensate Small TerraUSD (UST) Investors Over Rich Investors
– Advertisement – The Ethereum creator believes that a plan to focus more on compensating small investors is a good hybrid formula. Vitalik Buterin, the founder of Ethereum, noted in his r...
US and UK Regulators to Take Action on Stablecoins after Terra’s Collapse
Regulatory agencies in the US and UK have raised their worries concerning stablecoins after the collapse of the controversial stablecoin Terra (UST). In recent days, stablecoins have led the crypto ma...
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token ...
Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini – Bitcoin News
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST...
Do Kwon Apologizes for Hurting Terra’s Users and Investors
Do Kwon, the brains behind the Terra blockchain project, has apologized to members of the Terra ecosystem and the crypto community for the recent depegging event. Last week, UST, Terra’s algorithmic s...
Where Is Terra’s (LUNA) Enormous Bitcoin Reserve?
The effaced Terra (LUNA) blockchain vanished as a result of the transfer of $3.5 billion worth of bitcoin. The reserve was meant to be useful exactly in such disastrous events, say otherwise. Ellipti...
I Would Like to See More Transparency From Terra’s Team
The CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), said that he expects more transparency from Luna’s team following last week’s UST-LUNA fiasco. Last week saw a top ...
Binance Never Invested in Terra’s Second Fundraising Round, Says CZ
On Sunday, Binance founder and executive Changpeng Zhao responded to a journalist’s tweet that insinuated that the exchange had invested in Terra’s LUNA back in 2019 and 2021. In a now deleted tweet b...
Crypto Weekly Roundup: Terra’s Debacle, Market Crash, SBF’s Robinhood Acquisition, Azuki Founder’s Shady Past, Germany’s Crypto Tax, And More
The crypto space has had a difficult week, with the UST crumbling and LUNA’s value dropping to zero, resulting in possibly the worst week the crypto space has endured since the March 2020 crash, drawi...
Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review – The Weekly Bitcoin News
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hopin...
FTX Sam Bankman-Fried Defends Terra’s Founder, Says ‘Most bad Investments Aren’t Ponzi Schemes’
FTX founder Sam Bankman-Fried has tweeted in defense of Terra ecosystem and its CEO and co-founder, Do Kwon. In response to a Coindesk article that described Do Kwon as the Elizabeth Holmes of crypto...
Security concerns for Do Kwon with Terra’s bust
TerraForm Labs CEO Do Kwon has mentioned police insurance as a measure of safety The allure came following a break-in at his condo in the Seongsu-dong locale of Seoul Neighborhood police affirmed the...
After Terra’s stablecoin implosion, battered investors ask ‘where is Do Kwon?’
With angry investors facing heavy losses following TerraUSD’s dramatic de-pegging this week, users on the Terra Research Forum and Reddit are now asking where Terraform Labs CEO Do Kwon is and even ca...
Terra’s Do Kwon Lays Out Plan to Revive Embattled Network
Alex Dovbnya Do Kwon has introduced his plan to revive the embattled cryptocurrency project In a recent post published on a Terra-related forum, Do Kwon has laid out his plan to revive the embattled b...
How Terra’s UST and LUNA Imploded
Decrypting DeFi is Decrypt’s DeFi email newsletter. Art: Grant Kempster Amid the craziest week in crypto ever, the collapse of Terra’s UST stablecoin and governance token LUNA emerged as t...
Luna backer Su Zhu says UST collapse is ‘Terra’s DAO hack moment’
Three Arrows Capital co-founder Su Zhu has broken his silence on the collapse of the stablecoin TerraUSD (UST) and its related token Luna, an ecosystem he had supported. “This has been an incredibly h...
Here’s what USDC is doing right to maintain certainty amidst Terra’s meltdown
It was only a week ago when the stablecoin economy got awfully close to surpassing the $200 billion mark. But Terra’s recent collapse changed all that. At press time, the stablecoin market capitalizat...
Terra Founder Proposes Resetting Terra’s Ownership To 1 Billion Tokens
Few hours after the Terra Blockchain came back up, Terra’s Founder, Dokwon proposed a revival plan to resolve Terra’s ownership. Terra’s founder stated that protecting Terra’s ecosystem was the first ...
Terra’s LUNA, UST Relisted On Binance As New Data Reveals Movement Of LFG’s Bitcoin Reserves ⋆ ZyCrypto
Advertisement     Binance CEO Changpeng Zhao (“CZ”) expressed disappointment at how the whole UST/LUNA escapade was handled following UST’s de-peg. In a thread of twee...
Luna supply soared to 6.5 trillion coins before Terra’s latest halt
The circulating supply of Luna (LUNA) surged to more than 6.5 trillion by the time the Terra blockchain was halted for a second time in an attempt to salvage the collapsing ecosystem. For the last fe...