County Luna Financial News

16.05 / 17:33

Blockchain Polygon Developers community Polygon and others extend helping hand to Terra blockchain projects

Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks.

16.05 / 16:49

Stablecoin Altcoins Terra Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis

New reports fuelled speculations that Do Kwon (real name Kwon Do-hyeong) may have been aware of a storm brewing for the terra (LUNA) platform – and that the Terraform Labs mastermind may have taken action to dissolve domestic parts of his company as early as last month in anticipation.

16.05 / 14:29

business Blockchain Stablecoin regulation gone Reserve 80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?

The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.

16.05 / 12:51

Dogecoin Lowe's CoinMarketCap Bitcoin recovery Bitcoin, Ether and Other Top Cryptos See Minor Market Recovery

The crypto market has indicated some signs of little recovery with major crypto coins trading slightly higher on Monday.

16.05 / 11:53

Stablecoin MARKET Altcoins Terraform Labs Terra Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan

Big players in the crypto industry do not seem supportive of the latest Do Kwon's proposal of how to help the collapsed Terra (LUNA) ecosystem.

16.05 / 08:09

Blockchain Stablecoin Terra Usd Terra NOT Vitalik: Terra should protect the smallholders, not the whales

Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan.

16.05 / 06:07

Blockchain Altcoin Hard Fork Terra Usd Terra Major validator calls for ‘completely new chain’ to replace Terra

As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.

16.05 / 05:15

cryptocurrency cryptocurrency market crypto market Terra Usd Luna week Crypto Week at a Glance: The volatility of crypto and the de-pegging of a stablecoin

By Analytics Team, Giottus Crypto Exchange Bitcoin (BTC)’s volatility was on full display this week – from the highs of $36,000, BTC briefly went below $27,000 before regaining the $30,000 level and losing it eventually. BTC is trading near $29,000 today. The story of the week though belongs to TerraUSD (UST) and Terra (LUNA). Both were amongst the top 10 cryptocurrencies at the start of the week. UST’s de-pegging led to a capitulation in LUNA as it dropped more than 99 per cent in value and fell outside the top 200 list.

15.05 / 10:39

Art NFT community NFT visionaries are doubling down on community ethos amid a bearish cycle

The fever-pitch euphoria of nonfungible tokens (NFT) reached its proverbial all-time highs in the hours preceding the calamitous gas wars of the Otherside metaverse land sale.

15.05 / 09:09

Blockchain Adoption Trading Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.

15.05 / 03:31

Binance Santiment Terra Luna Luna recovery Binance Coin: BNB attempts a recovery but this is what lies on its way

Phew! What a week this has been in the history of cryptocurrency.

14.05 / 17:33

Platform Action Discover Luna Chainlink causes $11.2m loss to Venus protocol- Decoding the aftermath

Chainlink, despite not being a traditional cryptocurrency, has a significant number of investors holding over $3 billion in market cap. All thanks to the use cases it presents to DeFi protocols across many chains.

14.05 / 09:37

WazirX Terra Luna Indian Indian exchanges delist LUNA after 100% crash in token

Terra blockchain's native token LUNA, Indian exchanges delisted the beleaguered token from their platforms. LUNA has tanked to merely a few decimal cents from its peak of $118, wiping out 100 per cent wealth of the investors. Overall, the token has wiped out $40 billion from their pockets. In its support blog, WazirX said they are delisting the pairs of LUNA/USDT, LUNA/INR, LUNA/WRX. «We will enable Binance free transfer for users to withdraw their LUNA funds,» it added. USDT is Tether, a stablecoin, and WRX is WazirX's utility token.

14.05 / 00:11

business Stablecoin MicroStrategy Funding Terraform Labs Crypto Biz: Luna’s meltdown will live on in infamy, May 5-11, 2022

Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from the protocol they thought was delivering real-world utility for stablecoins and Bitcoin (BTC).

13.05 / 23:59

Lowe's Tether Bitcoin Luna Crypto Crash: What Investors Need to Know

Bitcoin's value fell by more than half its value since its November 2021 peak, which caused the entire cryptocurrency market to collapse. Terra (LUNA) and TerraUSD (UST) both experienced such steep declines that investors may be spooked. When both cryptocurrencies were enjoying their honeymoon period a month ago, who would have thought they would face such a steep fall? The weak sentiment spread across the crypto market resulted in investors withdrawing their money, causing Tether (USDT) to lose its peg to the dollar.

13.05 / 20:55

Blockchain Lowe's Digital Luna TerraUSD Crash Shows Risks of Algorithmic Stablecoins

While TerraUSD (UST) stablecoin holders planned for their currency holdings always to be worth one dollar, a recent massive drop in the value of the cryptocurrency markets have led to a severe decline in value, touching a low of $0.30 on May 11, 2022. Here's a look at what happened, why this stablecoin was able to drop below its target value, and what investors can learn from the crash of Terra (LUNA) and TerraUSD.

13.05 / 20:29

business Trading Altcoin Terra exit Failed exit? Traders complain Crypto.com reversed profitable LUNA transactions

Cryptocurrency exchange Crypto.com has halted trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community.

13.05 / 19:53

Stablecoin scam community Bitcoin After Terra's Collapse, Cryptoverse Reflects on ‘Ponzi-like Assets’, Role of VCs, and 'Ignorant' Crypto People

It’s time for some self-reflection in the crypto community after the spectacular collapse of the terraUSD (UST) stablecoin and the entire Terra (LUNA) ecosystem.

13.05 / 19:17

Blockchain Technology Stablecoin Adoption What happened? Terra debacle exposes flaws plaguing the crypto industry

The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite of algorithmic stablecoins.

13.05 / 14:41

Binance coinbase Terra Luna Terraform Labs Coinbase suffers major outage, Binance halts Terra Luna crypto trading

Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors. The company said it was actively working on the issue. «We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro. Your funds are safe, and we are actively working on the issue. We'll provide an update here soon,» said Coinbase.

13.05 / 14:15

Blockchain Lowe's BLOCK Luna Terra Resumes after Halting Blockchain Production to Prevent Governance Attacks

Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting at around 1:45 p.m. local time.

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