Terra’s revival continues as core developers got the approval to burn 1.3 billion UST from its community pool following a crucial governance vote. The 1.3 billion UST set to be burnt amounts to around...
Tag: UST
Huge UST to be Burnt Soon, While the Launch of LUNA 2.0 Delayed by Another Day!
The notorious LUNA-UST crash that shook the entire crypto space had emptied many wallets in the recent past. The Terra had proposed a Revival plan which was passed with the majority of the votes and w...
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held in the project’s community pool and also deployed for past liquidity on Ethereum....
UST, LUNA Volumes Skyrocket As Terra 2.0 Airdrop Approaches
The Terra community has finally voted over the proposal 1623 to revive the chain from the recent debacle. As per the suggestion, eligible holders will get the airdrop of LUNA over the new chain. Over ...
FTX Halts LUNA and UST Markets to Support New LUNA Airdrop
FTX will halt the LUNA and UST markets at noon UTC on May 26, 2022. Holders will, however, have an option to receive the new LUNA airdrops during the snapshot time, and the receipt will be subject to ...
Terra 2.0 To Abandon These Key Wallets Along With UST
Terra’s revival plan will abandon the UST stablecoin entirely from the new blockchain, which is set to launch this week. But the new blockchain, Terra 2.0, will also exclude three wallets that played ...
Terra 2.0 Coming With A New “Rebirth” On May 27 But This Time Without UST Stablecoin
It seems that Do Kwon and his team have finally arrived with their Terra Ecosystem revival plan after one of the biggest crashes in the history of crypto earlier this month. As per the announcement, a...
Terra backers vote to revive luna cryptocurrency, abandon UST
The UST stablecoin plunged below its intended $1 peg in May, causing panic in the crypto market. Gabby Jones | Bloomberg | Getty Images Backers of Terra have approved a plan to revive the failed crypt...
Ripple’s CEO Explains What Crypto Needs Most to Survive After the UST Meltdown
Transparency is a “critical” value in the crypto industry, Ripple CEO Brad Garlinghouse has pointed out. Speaking to Fox Business news, the executive said operations clarity has become even more impor...
US Treasury Official Says Collapse Of Terra And UST Shows How Badly Crypto Needs Regulation
– Advertisement – Crypto Needs Regulations. A US Treasury official is worried that the crypto industry is growing too fast and becoming too dangerous without proper regulation. This is i...
Are LUNA and UST investors in South Korea upto seizing Do Kwon‘s properties?
The drop in Terra’s network native token LUNA and stablecoin UST has made a lot of his investors turn poor and made a huge hole in their investment portfolio The significant financial damage tha...
Terra (LUNA & UST) – The Journey So Far
In the past, the crypto market has faced failures in the algorithmic stablecoins, the mechanism behind the stablecoins seems to be prominent in papers. Still, when it comes to executing them in the re...
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have bee...
Binance Promoted UST and LUNA As “Safe Investments” Weeks Before Terra Crashed
– Advertisement – Recent developments suggest that Binance also contributed to the widespread adoption of Terra tokens. Today, the Financial Times disclosed that Binance, the world’s larg...
Terra admits to facing technical issues in resuming LUNA and UST transfer
Early Monday, Terraform Labs team admitted to facing roadblocks in re-enabling a transfer function for LUNA and UST, which was temporarily stopped to save users from further losses during the debacle....
Terra Team Working To Unlock The Transfers Of LUNA and UST Between Chains
– Advertisement – Terra team facing technical issues as Inter-Blockchain Communication passed but cannot be executed. Technical Issues The notable recovery may be a result of the recent ...
Some Binance Employees Suggested Trading Against Their Own Users During Luna and UST Drawdown
Arman Shirinyan Binance CEO could have made small fortune trading against his own users, but instead, he fired employees who suggested it In the most recent AMA session of Binance CEO Changpeng Zhao, ...
Nox Bitcoin To Refund UST At $1 To Their Customers
Nox Bitcoin, a cryptocurrency exchange in Brazil, has taken the unprecedented step of using its own funds to refund customers for their TerraUSD coins at the full rate. Following local media’s report ...
Luna and UST “Was Just Stupid”
Arman Shirinyan Binance CEO thinks that those who designed TerraUST should have their heads checked According to the most recent AMA-session on Reddit, Binance’s CEO Changpeng Zhao expressed his...
Anchor saw $1 billion of liquidations during UST and Luna’s death spiral
Terra-based lending protocol Anchor saw more than $1 billion in liquidations last week, the largest liquidation event for a single protocol. This happened as both the crypto market collapsed and the T...
Will LUNA Recover – Terra and UST Recovery Plan
The Terra coin LUNA took a massive plunge this month, touching the bottom with almost a 99.9% decrease in its price. The price witnessed a downfall due to several reasons and the initial trigger was t...
Terra Luna’s Founder, Do Kwon, Speaks Out About UST and LUNA » NullTX
After two days of silence, Do Kwon, the founder of Terra Luna, took to Twitter to respond to various questions and accusations from the community, discussing multiple issues regarding his proposal to ...
LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpe...
Binance CEO Shares Lessons From The Crash Of LUNA, UST Coin
Binance CEO Changpeng Zhao shared some crypto recommendations following the collapse of TerraForm Labs LUNA and UST Coins resulting in the loss of $40 billion and affecting the whole crypto market. ...
China’s Economy Continues to Tank Amid Interest Cuts, Probes Continue into UST – crypto.news
Earlier in the day, Bloomberg discussed the strength of the Dollar and Euro as most central banks try to fight inflation. Jane Foley, head of FX Strategy at Rabobank, highlighted data earlier today t...
Did Do Kwon Know The LUNA and UST Crash Was Coming? — Legal Documents Reveal New Findings ⋆ ZyCrypto
Advertisement     The recent collapse of the Terra ecosystem could well be described as one of the biggest failures in the crypto world. As victims come to terms with ...
Nox Bitcoin crypto exchange, refunds customers UST at $1
Finally, there is some wonderful news for Brazilian crypto investors who invested in Luna and UST. The abrupt collapse of Terra (Luna) has devastated the lives of investors who are concerned they will...
Brazilian crypto exchange refunds all UST holders 1:1
Brazil-based crypto exchange Nox Bitcoin announced it will spend 620 million Brazilian reais to reimburse UST holders, crypto news outlet Portal do Bitcoin reported. The exchange will make up the diff...
Another Top Exchange To Delist Terra UST Over Collapse
The Terra UST token faced the axe from popular cryptocurrency exchanges like Binance, BitMEX, OKX and FTX in the last few days. In a latest move, another top exchange Gemini joins the list of exchange...
Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?
A cryptocurrency exchange in Brazil has taken the unprecedented step of spending its own money to refund customers for their TerraUSD coins at the full rate. According to reports in local media on May...