Tag: luna crash

May 27 2022

After Terra Collapse, Ethereum’s Vitalik Buterin Demands Greater Scrutiny in DeFi Sector

Ethereum co-founder Vitalik Buterin has come out in the open criticizing the current state of the DeFi market. While analyzing the collapse of the Terra ecosystem, Buterin said that there's no real investment in the world that...

May 25 2022

Will S. Korean Exchanges Relist LUNA? Rumors Claim Terra Founder Reaching Out To Exchanges

May 25 2022 Published at Coingape under tags  altcoin news luna crash news

Do Kwon, the CEO of Terraform Labs who is currently being investigated by the police for counts of fraud, tax evasion and other violations of financial regulations is rumored requesting Luna 2.0 relisting when they begin issuance. As per rumors, his words; 'please list Luna 2.0' was sent through a contact person that is suspected...

May 24 2022

Do Kwon Warns Terra Community Not To Use LUNA Burn Address

May 24 2022 Published at Bitcoinist.com under tags  do kwon luna luna burn luna crash terra

Do Kwon's co-founder and CEO of TerraForm Labs recently announced the Terra revival plan and received mixed reactions; many of them have questioned the effectiveness of a hard fork in reviving the fallen price of Terra (LUNA) and TerraUSD...

South Korean Exchanges Could Be Held Responsible For Terra Crash

The ruling party of South Korea is likely to host an urgent meeting on Tuesday with officials from the state's top five largest crypto exchanges. The officials look forward to holding crypto exchanges accountable for their failure to save traders during the Terra crash. According to the news...

May 21 2022

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. The crash incident of LUNA/UST is a traged...

May 16 2022

Breaking: Do Kwon Releases Another LUNA Revival Plan

May 16 2022 Published at Coingape under tags  do kwon luna crash stablecoin news

Terra founder Do Kwon on Monday proposed to fork the Terra chain into a new chain without the algorithmic stablecoin. The new Luna revival plan comes in the backdrop of stablecoin crash last week following Terra network’s decline. Forking Terra (LUNA) The plan involves renaming the old chain to Luna Classic (LUNC) and new chain...

Another Stablecoin Follows LUNA $UST, Crashes Within Hours

May 16 2022 Published at Coingape under tags  altcoin news bitcoin dei luna crash news

Last week saw chaos in the cryptocurrency market due to the unprecedented crash of Terra’s UST stablecoin and LUNA. The crash resulted in traders debating about the trustworthiness of stablecoins, the latest being DEI price. This adds $DEI to other algorithmic stablecoins including UST and USDT which have also lost their peg to the dollar....

May 15 2022

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. Elliptic, the blockchain forensic firm is working on its analytics tools to trace the moved bitcoins following the downfall. Tracing Terra's Massive Bitcoin...

May 13 2022

LUNA Update: Terra Founder Proposes Resetting Terra’s Ownership To 1 Billion Tokens

May 13 2022 Published at Coingape under tags  altcoin news luna coin luna crash news

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 step to resettling its ownership. A Call to Action While different community and validator groups have been discussing how to make Terra's blockchain valuable again,...

Breaking: LUNA Back Up, Binance Resumes Deposits And Withdrawals

May 13 2022 Published at Coingape under tags  binance bitcoin news luna crash news

Just hours after announcing his reason to shut down Terra's Luna and UST from trading on his platform, Binance, CZ, founder and CEO of Binance has in another tweet, lifted the suspension and allowed trading again. Similar to how he announced the suspension, CZ took to Twitter to make the important announcement. The dark hours of...

CZ Reveals Why He Shutdown LUNA And UST Trading On Binance

Changpeng Zhao, popularly referred to as CZ, is the founder and Chief Executive Officer of Binance. Speaking from his official Twitter handle, he revealed what prompted the decision to take LUNA and UST off Binance. Key elements that justify Binance's decision to suspend LUNA and UST TerraUSD (also referred to as UST) and LUNA are...

Just-In: LUNA Leading Investor Zhu Su Of 3AC Responds To Luna’s Downfall

May 13 2022 Published at Coingape under tags  altcoin news luna crash news terra luna crash

Earlier this morning, Zhu Su went on to express his unhappiness towards the Luna slide in a series of tweets. Zhu Su, the CEO of 3AC, conveyed remorsefulness and apologised for ignoring the frequent warnings from Terra's ecosystem. 3AC is a former premier EMFX currency and crypto-asset shop. What's going on with LUNA? Some months...

Breaking: Binance Suspends LUNA and UST “Spot” Trading Till Further Notice

Binance has made a decision to suspend spot trading for two more trading pairs involving the embattled Terraform assets TerraUSD (UST) and Terra (LUNA) amid increasing rates of decline. In the announcement propagated through the official Binance platform, the global cryptocurrency exchange noted that it would further suspend spot trading for the LUNA/BUSD and UST/BUSD...

Breaking: Terra Blockchain Halted Briefly, Resumes

The meltdown of Terra in the last few days resulted in a brief halt in Terra blockchain for close to two hours on Thursday. Terra’s validators have decided to halt the blockchain to prevent governance attacks following severe LUNA inflation and a significantly reduced cost of attack. The Terra blockchain was officially halted at a...

May 12 2022

Terra Issues Over 15 Billion LUNA Tokens, Total Supply Stands At 18 Billion

Following the Analytic report by Terra, the South-Korean cryptocurrency, LUNA market value has dropped to about $0.02, 18 billion coins were surpassed, and 15 billion more LUNAs emerged today; Meanwhile, UST supply is currently at 12 billion. This data was updated on the 12th of May. Terra UST has been facing a market drop recently...

May 11 2022

LUNA Crash to 1$! Proposal to fix UST is out, will LUNA recover soon?

Just a few weeks ago, traders were anticipating LUNA prices to break $100 again and continue soaring. In an unexpected turn of events, things got sour and LUNA collapsed to a current price of $1. This madness made LUNA investors lose 99% of their holdings. Additionally, UST price is still not properly pegged. There is a new proposal that aims to fix this...

Breaking: Terra’s Do Kwon Plans To Sacrifice LUNA To Support UST Peg

May 11 2022 Published at Coingape under tags  do kwon luna crash news

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 ongoing carnage in the crypto market. Its stablecoin TerraUSD (UST) has also registered a straight drop of 45% in the last 24...

LUNA Tanks Another 57% Slipping Under $20, Do Kown to Announce UST Recovery Plan

Things seem to be getting from bad to worse for the Terra ecosystem as the LUNA price continues its further correction. In the last 24-hours, LUNA lost another 57% and is currently trading at $16.71. On the other hand, the UST continues to de-peg and is currently at $0.80. The TerraUSD (UST) stablecoin has shown...

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