County Luna Financial News

19.05 / 13:31

CryptoExplainer Luna Luna Will Rise From Ashes, Bet Crypto-Loving South Koreans

Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator

19.05 / 13:03

Stablecoin defi MARKET Tether Terra Redemptions Tether in the Spotlight After USD 9B Worth of Redemptions

The popular stablecoin tether (USDT) is again the subject of unwanted attention after approximately USD 9bn has been redeemed for US dollars by users in the aftermath of the terraUSD (UST) collapse.

19.05 / 12:11

Binance MARKET Trading Premium South Korean LUNA Buying Skyrockets, Token Trading at Huge Premium on Domestic Exchanges

While some furious South Korean crypto investors are readying multiple lawsuits for Do Kwon and the masterminds of the troubled terra (LUNA) protocol, others in the country are snapping up LUNA tokens at rock-bottom prices – even though the coin is currently being delisted from most major exchanges in the country.

19.05 / 11:47

regulation Terra tax evasion South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investigation from 'Grim Reapers' financial crimes unit, the crypto firm has now come under the radar of the national tax agency.

19.05 / 05:51

business Blockchain Investments Terra Novogratz says LUNA tattoo is a constant reminder investing 'requires humility'

Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing.

18.05 / 21:31

Binance Altcoins Investing Terra Low From Silence to Humbling Hell - Major Terra Backers Keep Low Profile as the Small Guy Is 'the Biggest Loser'

Major Terra (LUNA) backer Mike Novogratz of Galaxy Digital is still largely silent on the downfall of LUNA and the terraUSD (UST) algorithmic stablecoin, while some other institutional investors have put out vague statements that called the incident “hell for our entire community” and “incredibly humbling.”

18.05 / 20:43

Stablecoin Tether Usd Coin Bitcoin analysts Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview

Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, no matter how much the technology improves.

18.05 / 19:41

Altcoins Investing Legal Terra Legal Storm Brewing for Terra's Do Kwon & Co as ‘Hundreds’ of Investors Ready Complaints

Another headache appears to be incoming for Do Kwon (full name Kwon Do-hyeong) and his company Terraform Labs – with investors in South Korea ready to wage a legal battle against the CEO.

18.05 / 14:01

Blockchain Stablecoin Altcoins Terra Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’

A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as “final” by Terraform Labs CEO and co-founder Do Kwon.

18.05 / 10:19

cryptocurrency Investing education community Time Why First Time Investors Should Get to Know Cryptocurrency

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

18.05 / 09:13

regulation Report White Paper South Korean legislature considering new licensing system for crypto

A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.

17.05 / 23:41

markets Stablecoin Bitcoin analysts Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

There are early signs of the "dust settling" in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin's chart indicates that while the fallout was widespread and quite devastating for altcoins, BItcoin (BTC) has actually held up fairly well.

17.05 / 22:59

business Law Terra Luna Terraform Labs Terra Crypto users Crypto users react to Terraform Labs legal team purportedly leaving company

The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.

17.05 / 14:51

business Stablecoin regulation Terraform Labs Terra hearing Do Kwon summoned to parliamentary hearing following UST and LUNA crash

The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now South Korean conservative party has requested a parliamentary hearing on the matter.

17.05 / 12:25

Stablecoin Altcoins regulation Terra hearing politician Financial South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

The Terraform Labs mastermind Do Kwon (real name Kwon Do-hyeong) could be facing trouble from financial and law enforcement authorities in South Korea and Singapore as a torrid month for the Terra (LUNA) platform just keeps getting worse.

17.05 / 12:11

business Blockchain Adoption foundation network NEAR developers to get seamless Web3 app deployment with Pocket Network

Pocket Network (POKT), a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers.

17.05 / 10:41

Altcoins Airdrop Hard Fork Terra Support Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains

Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan.

17.05 / 09:13

Mudrex Terraform Labs Terra Luna Terra is working to revive LUNA. Will it revisit its old glory?

Terra (LUNA) has laid out a revival plan. The crypto token wiped out almost the entirety of investors' wealth in just a few hours.Terraform Labs founder Do Kwon proposed a “Terra Ecosystem Revival Plan,” and the plan was shared in terra community forum. According to Kwon’s 'Revival Plan,' which aims to restart the entire Terra blockchain, with network ownership getting distributed entirely to UST and LUNA holders through 1 billion new tokens.

17.05 / 00:47

markets defi Altcoin BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week's volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining.

16.05 / 23:57

markets Ethereum Stablecoin Adoption MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization.

16.05 / 21:15

markets Predictions Bitcoin Bitcoin Price analysts Analysts flag Bitcoin price levels to watch after LFG sells 80K BTC

Bitcoin (BTC) needs to hold current levels and work to reclaim higher ones to avoid a crash in the $20,000 range, the latest analysis warns.

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