Tag: terrausd

May 26 2022

Terra 2.0 to Launch on Friday as Major Crypto Exchanges Express Support for the New Blockchain

Do Kwon, the founder of Terraform Labs, the company behind the Terra blockchain, has seen its proposal to “revive” the Terra ecosystem receive more than 65% of the vote. The remaining 21% went for the “Abstain” option, and about 12% for the “No with veto”.

May 21 2022

South Korean Regulators Introduce New Frameworks To Protect Cryptocurrency Investors

Some jurisdictions are recently putting up regulatory measures to curb cryptocurrency asset investment challenges. Among the many countries on this move is South Korea. The government is making a few recommendations that will serve as protection for cryptocurrency investors. In addition, it issued some guidelines for companies operating within the crypto industry in South Korea. The National Assembly received a report from the...

May 18 2022

South Korean Politician Demands Parliament To Investigate TerraUSD’s Collapse

The "People Power Party" representative, a South Korean politician Yoon Chang- Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week. According to a report from South Korean Newschannel "Newspim...

Terra Stablecoin (UST) Spikes By 160% To $0.3, Here’s Why

May 18 2022 Published at Coingape under tags  news terra (luna) terrausd

In a bid to revive the LUNA and TerraUSD from the recent historic crash, Terra has come out with multiple proposals. Amid the ongoing voting over the newly updated proposal, Terra’s UST prices briefly saw a massive increase. The token rose as much as 160% to $0.3, before sharply consolidating its gains. LUNA jumps by...

May 16 2022

Luna Foundation Sold 80,000 Bitcoin Amid UST Crash

The non-profit organization said only 313 BTC are now left on the bitcoin reserves for Terra’s UST stablecoin.Luna Foundation Guard (LFG), the non- profit organization holding Terra’s bitcoin reserves, confirmed on Monday morning that it had sold over 80,000 BTC over the past week to acquire TerraUSD (UST) in an attempt to defend its...

May 15 2022

Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legislation

May 15 2022 Published at Bitcoinist.com under tags  bitcoin crypto crypto news ethereum luna

Prince Charles spoke on behalf of the Queen of England (citing health reasons) at the House of Lords last week, outlining her government's legislative priorities and listing the measures it intends to present to members of parliament. One of the emphasis was on cryptocurrencies during the Queen's annual address to the British Parliament, as the country's cryptocurrency sector braces for significant legislation in...

May 12 2022

What Terra’s Collapse Teaches About ‘Crypto’ and Bitcoin

As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency.Terra is crumbling.The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails...

May 10 2022

Price of LUNA Halves in 24 Hours, UST Stablecoin Loses USD Peg in Response

Key takeaways: LUNA has lost over 50% of its value since Monday and dropped near its one year low The sudden price decrease has broken UST’s dollar peg, with the...

May 05 2022

Terra Buys Another $1.5 Billion Worth of Bitcoins, Stablecoin TerraUSD Enters Top Ten List

The Luna Foundation Guard, the parent organization behind the Terra blockchain, has purchased another $1.5 billion in Bitcoins. The recent purchase comes when Bitcoin (BTC) is down by 5% at press time and trading at around $37,000. The latest BTC purchase brings the Luna Foundation Guard closer to its goal of acquiring $10 billion worth...

Apr 20 2022

TerraUSD Overtakes BUSD as Third Largest Stablecoin

TerraUSD, an algorithmic stablecoin issued on the Terra blockchain, has surpassed Binance USD to become the third-largest stable digital currency in the market. At press time, UST has a market capitalization of $17.8 billion compared to BUSD’s $17.4 billion.

Apr 14 2022

Terra’s UST Reserves Hit One-Month Low, Here’s Why

A recent decline in the crypto market was reflected in Terra's stablecoin reserves, which sank to a one-month low this week. The reserves, which are maintained by the Luna Foundation Guard (LFG), have a high concentration of Bitcoin. The overall value of the reserve now stands at $2.4 billion, according to data from the data...

Luna Foundation Guard Makes Another Nine-Figure Bitcoin Purchase, Inches Closer to $10B Goal

Luna Foundation Guard (LFG) has added an additional 2,508 BTC to its UST Reserve Bitcoin address and now holds 42,406 BTC, worth $1.72 billion at current market rates. The massive crypto acquisition comes just days after the organization looking to bolster the Terra ecosystem expanded its LUNA and UST backing reserves with over $170 million worth of Bitcoin.

Mar 25 2022

After Buying $500 Million Of Bitcoin, What Will Luna Do With It?

Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?Luna Foundation Guard (LFG) has bought over 11,700 BTC worth roughly $520 million so far this week to build a bitcoin reserve to support its stablecoin, TerraUSD (UST). While many in the Bitcoin community were quick to point...

Mar 19 2022

Terra’s Anchor Protocol (ANC) Opens Vote On Possible Cut To 20% Yield

The Anchor Protocol (ANC), a Terra-based program that is currently one of the highest-yielding stablecoin platforms, opened a vote that could lower its nearly 20% annual returns. The community proposed a dynamic yield rate to help maintain the protocol's reserves. Early voting results are mixed Terra founder expects yields to turn dynamic Second vote on...

Mar 09 2022

Terra’s LUNA Nears $100 Price After Stellar Rally, Here’s Why:

Mar 09 2022 Published at Coingape under tags  crypto luna news terra terrausd

LUNA, the native token on the blockchain Terra, surged 20% in the past 24 hours, and is trading at around $99, just below its lifetime high. The token's rally has been driven by two major factors- demand for the stablecoin TerraUSD (UST), and the consistent burning of LUNA tokens. LUNA is also one of the...

Bitcoin Jumps to $42,000, LUNA Tops the Charts With 20% Gains

The bulls had the upper hand today, as the total cryptocurrency market cap increased by close to 6% and reached $1.89 trillion in the early hours of Wednesday. Bitcoin broke $42,000 on the heels of more than 8% 24-hour gains, while Ethereum and other major altcoins followed in the footsteps of the world’s oldest and largest crypto and generally posted high single-digit gains....

Mar 02 2022

Terra (LUNA) Gained 79% in February Thanks to Rapid Ecosystem Growth

For the most part, Terra (LUNA) managed to ignore the high degree of volatility that permeated the markets throughout February. While Bitcoin and Ethereum experienced notable up and down movement, LUNA stringed together an impressive streak of price increases at the end of February that pulled its price close to its all-time high.

Terra (LUNA) Gained 79% in February Thanks to Rapid DeFi Ecosystem Growth

For the most part, Terra (LUNA) managed to ignore the high degree of volatility that permeated the markets throughout February. While Bitcoin and Ethereum experienced notable up and down movement, LUNA stringed together an impressive streak of price increases at the end of February that pulled its price close to its all-time high.

Feb 10 2022

Terra community votes to fund a $40 million partnership with a major U.S. sports franchise

Feb 10 2022 Published at CryptoSlate under tags  adoption luna terra terrausd ust

The Terra community has passed a proposal to establish an exclusive partnership with a major U.S. sports franchise. Originally submitted by Terraform Labs, the company behind the Terra blockchain, the proposal requested 40 million UST from the Terra Community Trust (TCT) to secure a 5-year exclusive partnership deal that would see the Terra brand broadcast to millions of users....

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