County Luna Financial News

23.05 / 14:17

MARKET Altcoins Terra fall Binance CEO Shares Lessons Learned From Terra Fall, Says He is 'Pleased by the Crypto Industry Resilience'

Addressing the historic fall of the Terra (LUNA) ecosystem, major crypto exchange Binance CEO Changpeng Zhao (CZ) said that he is "pleased by the resilience the crypto industry has shown." However, he also shared some lessons that the industry should learn from the Terra fallout.

23.05 / 11:27

MARKET Altcoins Terra LUNA Jumps as 273M Tokens Burned Despite Do Kwon Opposing the Idea

Terra (LUNA) holders have sent over LUNA 273m to the burn address provided by the Terraform Labs founder and CEO Do Kwon in a bid to reduce the token supply - an idea that Do Kwon is not in support of.

23.05 / 10:27

business Blockchain Adoption community Slack Near Protocol picks up slack, onboards Tracer following Terra's downfall

For many Level 1 crypto projects, returning to normalcy from Terra’s death spiral meant a complete migration to a different ecosystem. But how does one make the right move, especially after knowing the unfortunate fate of their initial platform of choice?

23.05 / 07:17

Binance Reddit Luna Binance’s CZ clears the air: His decision to trade LUNA despite collapse and more

The mammoth crypto crash caused by the Terra (LUNA) fiasco left different opinions from various people in the crypto community. Binance boss ChangPeng Zhao (CZ) in a wide-ranging AMA on Reddit and answered a variety of questions.

20.05 / 22:17

NASDAQ Tether Asia Bitcoin Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

On May 12 the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following 7 days were reasonably calm while Bitcoin (BTC) gained 3.4% and Ether (ETH) added a modest 1.5%. Presently, the aggregate crypto cap stands at $1.31 trillion.

20.05 / 21:41

Ethereum XRP Cardano Bitcoin Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear trend. The Dow Jones Industrial Average is on track for its eighth consecutive negative week and the S&P 500 is close to plunging into the bear market territory.

20.05 / 19:01

Blockchain Terra Terra’s amended revival plan would decrease the allocation for post-attack UST holders

After a grueling two weeks for the Terra community, the team behind the project announced revisions to their proposed revival plan for Terra (LUNA) and TerraUSD (UST).

20.05 / 16:23

Blockchain Technology Stablecoin Tether Future UST aftermath: Is there any future for algorithmic stablecoins?

TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083.

20.05 / 15:59

markets Stablecoin Investments Analysis week Cosmos price rebounds 45% in one week despite Terra's debacle — what's next for ATOM?

Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.

20.05 / 14:13

business Stablecoin Altcoin Terra Luna Terra Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Labs Korea corporation in the days preceding the dual currency collapse.

20.05 / 13:53

Stablecoin MARKET Altcoins Terra Terra Adds an Amendment to Do Kwon’s Revival Plan, Survey Reveals UST Losses

The team behind the Terra (LUNA) blockchain has added three revisions to the already published “revival plan” by co-founder Do Kwon – increasing genesis liquidity and decreasing distribution to certain terraUSD (UST) holders.

20.05 / 10:39

Altcoins Legal Terra South Korean Government, Prosecution Turn up the Heat on Do Kwon and Terraform

South Korean lawmakers and financial regulators are taking aim at Do Kwon (full name Kwon Do-hyeong) and his firm Terraform Labs.

20.05 / 08:43

business regulation applications Commonwealth Bank puts crypto trading trial on ice as regulators dither

The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off access to those in the first round of testing.

20.05 / 07:55

Blockchain Stablecoin Tether Bitfinex Terra Rug Pull Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’

Tether and Bitfinex CTO Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, but was simply “poorly designed.”

20.05 / 07:55

business defi Liquidity lending Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects

The CEO of crypto lending and staking platform Celsius Alex Mashinsky believes “the Sharks of Wall Street” can smell blood in the water and are causing instability at several crypto projects.

19.05 / 22:31

markets Stablecoin Analysis avalanche Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and its a near-dead UST algorithmic stablecoin project.

19.05 / 20:07

cryptocurrency Forecast Trading Bitcoin analysts Analysts Divided on Near-Term Bitcoin & Crypto Outlook as Market Stabilizes

With the Bitcoin (BTC) and crypto market appearing to stabilize after last week’s brutal crash caused by the collapse of Terra (LUNA), analysts are offering their takes on where the market may be headed next. And as usual, opinions are divided, with some predicting the bear market is “complete,” and others arguing that we are still “early in the Fed’s tightening cycle.”

19.05 / 19:57

Cardano Polkadot cryptocurrency price today avalanche Top cryptocurrency prices today: Avalanche, Solana, Polkadot, Cardano shed up to 11 per cent

Cryptos have been down in the doldrums since the Terra (LUNA) fiasco, which wiped out $40 billion from the investors' kitty. Rising inflationary worries and concerns over slowing growth are major concerns for riskier assets. Barring the US dollar-pegged USD Coins, all the tokens were trading sharply lower. Avalanche plunged another 11 per cent, followed by a 9 per cent fall in Solana. Polkadot and Cardano dropped 8 per cent each.

19.05 / 17:13

Blockchain Binance defi Terra BNB Chain offers another lifeline to Terra ecosystem projects

Binance will welcome migration and offer support to projects from the Terra (LUNA) ecosystem following this month’s unraveling of the decentralized finance (DeFi) platform and its algorithmic stablecoin.

19.05 / 17:13

Blockchain Stablecoin Huobi Terra Bitcoin NOT Terra crash not a risk to the broader crypto ecosystem, says Huobi Global co-founder

As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it doesn’t pose a risk to the larger crypto ecosystem, according to Jun Du, co-founder of Huobi Global.

19.05 / 14:51

Galaxy Digital Pantera Capital Terra A Curious Coincidence – Major Terra Backers Break Silence on Same Day

Several major backers of Terra (LUNA) and its failed algorithmic stablecoin terraUSD (UST) spoke out about last week’s dramatic events this Wednesday, after staying largely silent since the collapse happened 10 days ago. On the same day, Do Kwon’s plan for a new Terra blockchain was put to vote.

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