County Luna Financial News

28.05 / 14:07

business Blockchain Stablecoin Adoption Terra (LUNA) 2.0 relaunches according to Do Kwon's revival plan

Do Kwon, the co-founder and CEO of Terraform Labs, confirmed the relaunch of Terra’s new chain, Terra 2.0, which aims to revive the fallen Terra (LUNA) and TerraUSD (UST) ecosystem.

28.05 / 10:21

Blockchain Terra Luna New Terra Blockchain Goes Live

After a delay on Friday, the new Terra (LUNA) blockchain started producing blocks on Saturday in an attempt to relaunch its ecosystem after a spectacular failure that erased billions in market value.

27.05 / 18:39

Blockchain Ethereum cryptocurrency security Crypto Should Move Away from Relying on ‘Endless Growth’, Vitalik Buterin Argues

In order to ensure safety, crypto projects should move away from an attitude of relying on “endless growth,” despite the arguments that the fiat world works in the exact same way, Ethereum (ETH) co-founder Vitalik Buterin has stated.

27.05 / 17:31

Blockchain MARKET Polygon community Terra’s New Chain Launch Pushed to Saturday, NFT Projects Get an Invite to Move to Polygon

The launch of the new Terra (LUNA) blockchain has been pushed back one day and is now expected to go live this Saturday. The launch is readying as the Terra community voted to burn a portion of the old terraUSD (UST) supply, while some projects are migrating to other blockchains.

27.05 / 14:35

MARKET Gemini stocks Bitcoin Redemptions Decoupling of Crypto and Stocks 'Driven by Fund Redemptions', 'Should Cease' Today as Stock Markets Close

After much talk in recent years about an increasing correlation between stocks and bitcoin (BTC), a ‘decoupling’ between the two has been observed in May, as BTC has fallen significantly more than stocks. But according to an observer, bitcoin could find support as soon as the stock market closes for the week.

27.05 / 12:23

Blockchain Ethereum Stablecoin Burn Terra to burn 1B UST from the community pool as holders vote for it

In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool.

27.05 / 11:41

Exchange scam Police Police Reportedly Looking into Allegations that a Terraform Staffer ‘Embezzled’ Funds

South Korean police could reportedly take over from the “Yeouido Grim Reaper” financial crimes investigation unit in the probe of Terraform Labs after “embezzlement” charges were leveled at an unnamed employee.

27.05 / 08:35

Blockchain Ethereum Stablecoin Terra Vitalik: How to create algo stablecoins that don't turn into ponzis or collapse

Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.

27.05 / 02:27

Blockchain Provident Align Luna NOT Terra 2.0 proposal gets the crypto community’s nod of approval but that’s not all

Pretty much the entire crypto community is well-aware of the Terra (LUNA) fiasco. Overall, investors lost more than $400 million as the Terra ecosystem hit rock bottom. But what about a recovery plan? There aren’t many discussing this step.

26.05 / 19:25

Blockchain Stablecoin Altcoins Exchange Terra Support Terra Moves Closer to New Chain Launch, Secures Exchange Support

The Terra (LUNA) blockchain is moving closer to being re-born as Terra 2.0, this time without an algorithmic stablecoin. The project has already received the blessing of several exchanges, but questions about what the value of Terra is without a stablecoin have started to emerge.

26.05 / 18:31

cryptocurrency CRYPTONEWS LUNA Plummeted 99% and YFII Dumped 70% in One Day, Here’s the Right Way to Invest in Cryptocurrency

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

26.05 / 14:03

business Blockchain Binance Terra Buyback Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.

26.05 / 09:19

defi Insurance Terra Usd Terra InsurAce says it will pay millions to claimants after Terra's collapse

DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the Terra USD (UST) depeg event from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.

25.05 / 14:27

regulation Exchange Upbit 2020 Upbit Operator Faces Scrutiny Over Affiliate’s 2020 USD 103M LUNA Sale

South Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry.

25.05 / 12:33

business Blockchain Altcoin Terraform Labs Luna Classic Terra Classic Support Exchanges show initial support to Terra revival by listing new LUNA token

Crypto trading platforms show initial signs of support for the revival of the collapsed Terra network by listing Terra's brand new token, also named LUNA.

25.05 / 11:23

NFT regulation banking South Korean Regulators to Inspect Companies Linked to Terraform

South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of terra (LUNA) ecosystem coins.

24.05 / 23:05

Stablecoin Altcoins regulation Terra More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates

More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon.

24.05 / 13:05

Stablecoin Citigroup Bitcoin NOT IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress

The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a “pyramid,” while also urging regulators to consider the “importance” of the world of crypto and central bank digital currencies (CBDCs).

24.05 / 11:05

Blockchain Altcoins Terra Terra 'Revival Plan 2' Set to Pass, But There is Still Confusion within Community

The Terra (LUNA) ecosystem "Revival Plan 2," the latest revival plan proposed by the Terraform Labs founder and CEO Do Kwon that was put to vote last week, is nearing its deadline and is set to be confirmed.

24.05 / 09:03

Blockchain Stablecoin Terra Luna Luna Classic Terra Classic Luna Terra aims to resurrect LUNA after clearing the rubble

Terra (LUNA) is headed to walk on the difficult path post the collapse, particularly after sweeping the rubble. The foundation is looking to sort the pieces into a block to rebuild the protocol. It is an opportune time for the regulators to look for a comprehensive stablecoin regulation, while the blockchain is in mea culpa followed by introspective solutions. On Terra’s governance proposal portal, 80 per cent of eligible token holders that voted are pushing to rebuild the protocol, minus the algorithmic component.

23.05 / 14:41

cryptocurrency cryptocurrency news Terra Luna Bitcoin Luna recovery week Terra Luna Price Surge By Nearly 60% In Recovery After Horrid Week

Do Kwon, a South Korean who graduated from Stanford University, is the creator of TerraUSD

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