Tag: anchor

Aug 02 2022

NY Attorney General Letitia James Asks Anchor and Celsius Victims To Speak Out

New York Attorney General Letitia James asked New Yorkers who invested Anchor and Celsius to contact her office. Those who have been deceived or locked out of their accounts are asked to get in touch. She has also asked industry insiders to file a whistleblower complaint if they have witnessed misconduct or fraud. New York Attorney General Letitia James has issued a press...

Jul 25 2022

New Class Action Lawsuit Filed Against Terra, Do Kwon, and Associated Entities

Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as a new class action lawsuit has been filed against Terraform Labs, co-founder Do...

Mar 29 2022

Do Kwon Is Backing UST With Bitcoin – And Here’s What Else He Is Building

Mar 29 2022 Published at Unchained Podcast under tags  2022 anchor bitcoin btc do kwon

Do Kwon is the CEO of Terraform Labs and a director at Luna Foundation Guard. On Unchained, he explains why LFG is spearheading a plan to partially back Terra’s $15 billion stablecoin UST with Bitcoin. He also dives into another project idea that would transform developer salaries into financial assets that, as far as I can tell, he has not yet spoken about...

Mar 24 2022

Anchor Protocol Will No Longer Pay 20% APY

Mar 24 2022 Published at Ethereum World News under tags  anchor luna news stablecoin terra

Anchor Protocol DAO has passed a proposal that will implement a semi-dynamic Anchor Rate. UST could reach a market rate of 5–15% according to some analysts. The change comes at a time when UST and LUNA are seeing tremendous growth. The Anchor Protocol DAO has voted on a proposal that will see it switch to a semi-dynamic Anchor Rate. The new dynamic earn...

May 08 2021

Terra Network – LUNA – Token Analysis & Should You Invest?

What is Terra? Terra is a decentralized proof of stake blockchain network. The network is supported by a basket of algorithmic stablecoins which are pegged to fiat currency. Further, there is in-house governance and staking token called LUNA. The project has been developed by TerraForm Labs, Seoul, South Korea. How scalable is the Terra Network? Despite being a layer one blockchain, Terra can...

May 01 2021

Anchor Protocol – Fundamental Analysis – Should You Invest in ANC Token?

What is the Anchor Protocol?How does the Anchor Protocol work?What are the features and benefits of the Anchor Protocol?...

Mar 17 2021

DeFi Protocol Anchor Launches on Terra, Token Moons 66X

Mar 17 2021 Published at Crypto Briefing under tags  anchor business launch terra

Anchor is a DeFi protocol on the Terra blockchain that allows users to borrow or save their stablecoins and Proof-of-Stake assets. Terra Ecosystem Grows Terra is a blockchain that focuses on different stablecoins pegged to fiat currencies. The most well-known are its U.S. dollar token (UST) and the Korean won token (KST). The blockchain allows users to pay for goods and services through...

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