County Luna Financial News

12.06 / 13:01

business Blockchain Tether Bitcoin Cash Do Kwon dismisses allegation of cashing out $2.7B from Terra (LUNA), UST

Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years.

09.06 / 18:23

markets Stablecoin Fraud investigation LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated

Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions.

09.06 / 08:47

business Blockchain Terra Luna Terra Unsustainable Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate

Anchor protocol was originally designed to offer an interest rate of 3.6% but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview with Korean media outlet JTBC.

06.06 / 20:39

Altcoins Trading Exchange week Crypto Listing and Delisting Announcements: Week 23

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

04.06 / 11:49

business Blockchain investigation Investigations South Korea ramps up crypto investigations and regulations

On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.

03.06 / 16:59

Blockchain Technology Stablecoin Adoption Luna Classic Terra 2.0: A crypto project built on the ruins of $40 billion in investors' money

Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network with a new chain called Terra 2.0 (Phoenix-1).

03.06 / 14:39

Stablecoin Investing Legal Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest - Jump Crypto

A number of bigger Terra (LUNA) ecosystem investors abandoned their positions as the terraUSD (UST) peg began to slip away last month – with smaller-scale investors continuing to buy as the coin’s price plummeted, according to the trading firm Jump Trading Group’s crypto arm Jump Crypto.

02.06 / 16:21

business Blockchain Health Bitcoin Mental health and crypto: How does volatility effect well-being?

The crypto world is well known for its volatility. Especially in the early days, digital assets experienced wild price swings, gaining or losing double-digits in the course of a day. It appears that the current bear market is no exception to this trend.

02.06 / 03:13

Altcoins Exchange Terra Bitcoin Upbit Operator Distances Itself from Terra-LUNAC ‘Investment’, Says It Swapped Coins for Bitcoin

Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has moved to distance itself from connections with Terraform Labs’ terra (previously LUNA, now - LUNAC) – dismissing notions that its management “may have invested directly” in the Terra network, and labeling reports as “clearly false.” And while previous reports had claimed that a Dunamu subsidiary had invested a large chunk of its founding capital into LUNAC tokens, only to sell the coins off in February last year, the firm stated that it had not liquidated the coins for cash, but had instead swapped them for bitcoin (BTC).

01.06 / 01:07

regulation Bitcoin Regulation Terraform Labs Terra committee In wake of Terra collapse, South Korea plans new crypto oversight committee: Report

The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all.

31.05 / 20:33

Blockchain Technology Binance defi Terra Luna Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist

On Tuesday, cryptocurrency exchange Binance said it completed the first stage of airdropping new Terra Luna (LUNA) tokens to holders of Terra Luna Classic (LUNC), TerraUSD (USTC), and AnchorUST (aUST).

31.05 / 20:25

Legal Terra Mystery South Korean Company that ‘Worked on Terra Network’ Faces Media Scrutiny

South Korean media outlets say they have unearthed evidence that a blockchain firm based in Seoul has a close relationship with Terraform Labs – and may have been developing for the Terra network under the radar. But the plot may already have thickened – with allegations that the National Tax Service (NTS) found evidence of a “suspicious flow of transactions” between the firm and Terraform Labs when it investigated the firms last year.

31.05 / 13:35

regulation ICO Terra Agency regulatory South Korea to Launch a Crypto Regulatory Agency in Wake of LUNA Crash

The South Korean government will step up the launch of a new regulatory body to police the crypto sector – and could fast-track its creation as a direct response to what it has dubbed the “terra (LUNA) incident.”

31.05 / 09:35

Government Stablecoin Tether Asia China state media signals tighter crypto regulations in Terra aftermath

The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem.

30.05 / 22:21

markets Tether Bitcoin Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish

On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by Bitcoin's (BTC) 4.9% gain during that time frame.

30.05 / 20:21

Altcoins Trading Exchange week Crypto Listing and Delisting Announcements: Week 22

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

30.05 / 16:57

Twitter Binance CoinMarketCap Luna Terra’s new revival plan and LUNA – All going as expected?

Since the re-launch of the Terra ecosystem via Terra 2.0 on 28 May, the price of Terra (LUNA) has dropped by almost 70%. In the first 30 minutes of trade, the price skyrocketed from $0.30 to $20. The high, however, was short-lived, as the price dropped to barely $5.30 in the next three hours.

30.05 / 16:07

Altcoins Exchange Upbit South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’

South Korea’s five biggest crypto exchanges have vowed to create a “joint response council” to avoid a repeat of what the media and politicians in the country have labeled the “terra (LUNA) incident.”

30.05 / 15:05

Blockchain MARKET Altcoins Kraken New LUNA Token Rises, Still Down 65% After Launch, Kraken CEO Defends Listing

The new Terra (LUNA) blockchain went live on Saturday, with the newly airdropped LUNA token seeing extremely volatile trading on its first day, before stabilizing and gaining some ground later in the weekend. Despite having become a controversial project, the new LUNA token can already be traded on a number of large exchanges.

30.05 / 11:13

Stablecoin Adoption Payments MoneyGram Support MoneyGram to Support Transfers via Stablecoins, CEO Says Crypto is 'Obviously Here to Stay'

Major money transfer company MoneyGram aims to launch a new service that would enable users to transfer money overseas via stablecoins.

29.05 / 07:31

Token Terra Terra Classic Luna Amid headwinds, Do kwon standing against all odds to revive Terra

Terra debacle, Terraform Labs is all set to launch Terra 2.0, the so-called revival of the blockchain. The previous token has been renamed as Terra Classic (LUNA). Terra's ecosystem has imploded as terraUSD (UST) algorithmic stablecoin was dragged from $1 earlier this month. This had also jittered the sentiments for other stablecoins as well, with some still struggling to get re-pegged. UST is now renamed TerraUSD Class, with a price of merely three centas as its value nosedived more than 50 per cent in the last 24 hours. Terra Classic (LUNA) dropped close to another 20 per cent, with a sharp fall in volumes.

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