County Luna Financial News

13.05 / 13:21

Blockchain Terra Luna Terra Blockchain Halted Again as Validators Search for ‘Plan to Reconstitute It’

The Terra (LUNA) blockchain has been halted by network validators for the second time, after saying on Thursday that block production had been resumed again. Despite the network halt, the token continues to be traded on some exchanges.

13.05 / 13:07

Crypto Investors Bitcoin Luna Indian Luna crash sinks wealth of Indian crypto investors

crypto investors took another dive triggered by the crash of a popular stable coin, TerraUSD, or UST, in the last 48 hours in a market already roiled by rising interest rates, inflation, and Russia’s war on Ukraine. The algorithmic stable coin is supposed to maintain a one-to-one peg against the US dollar but slumped nearly to $.26 to the dollar on Wednesday night after the complex mechanisms that were supposed to hold the dollar peg failed leading to the UST crash. And as a result Luna, Terra’s sister token which powers the Terra blockchain, dropped below $0.30 on Thursday from $80 in a matter of 3 days.

13.05 / 12:11

markets Bitcoin Bitcoin Price 500 BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight

Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure.

13.05 / 12:11

Blockchain defi Liquidity lending defi protocols Exploit DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market conditions.

13.05 / 10:55

Blockchain Stablecoin Adoption Decentralization Terra Usd Terra Trust in stablecoins 'infinitely more important' than collateral

In light of recent market effects due to the collapse of the Terra USD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands.

13.05 / 10:39

Altcoins Legal Terra It's Getting Personal - 'Broke' LUNA Investor Comes to Do Kwon’s House, Plans to Surrender to Police

A furious terra (LUNA) investor appears to have come knocking at the door of the Terra mastermind Do Kwon (also known as Kwon Do-hyeong) looking for answers after the token spectacularly collapsed. South Korean police are hunting for an unidentified person who reportedly broke into the apartment complex in which Kwon resides and rang the doorbell – but a social media star says it was him.

13.05 / 07:45

Dogecoin stablecoins Terra Luna Crypto Exchange Luna Print Edition

LUNA has eroded its entire value to become merely a penny token. Its 'depegged' and 'unstable' sister concern USD Terra (UST), has eroded about 99.9 per cent of its value in just 72 hours. Terra, which was trading at $118 last month, boasting itself as the eighth largest crypto-token, was the worst of its day on Thursday when it tumbled down to $0.09 on Thursday. Interestingly, the token saw maximum carnage in the last 72 hours, when its value dwindled from roughly $80 to fall out to merely a few cents.

12.05 / 21:49

Government Stablecoin Tether Threat financial stability NOT Financial Stablecoins' recent de-pegging is not a 'real threat to financial stability,' says Janet Yellen

According to United States Treasury Secretary Janet Yellen, the stablecoin market is not at the scale at which the drop in the price of TerraUSD (UST) and Tether (USDT) below $1 would present a threat to the country’s financial stability.

12.05 / 19:25

business Binance Terra Binance will delist LUNA/USDT contracts as price falls below 0.005

Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price.

12.05 / 17:55

Stablecoin MARKET MakerDAO DAI Weekly UST Competitor Maker Erases Weekly Gains

The price of the stablecoin protocol Maker’s governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday.

12.05 / 16:29

business Blockchain Stablecoin Tether Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins

The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar.

12.05 / 16:11

Waves Stablecoin Binance Tether small-cap Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes

Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market.

12.05 / 14:03

Blockchain Ethereum Tether avalanche Tether to move over 1B USDT from Tron to Ethereum and Avalanche

Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC20 to Ethereum and Avalanche’s blockchain.

12.05 / 13:43

Stablecoin Altcoins Terra Rescue LUNA Dives Below USD 0.05, UST Trends Lower Despite New Rescue Plans

The two most-discussed tokens this week - luna (LUNA) and terraUSD (UST) kept moving lower, despite the team behind these projects announcing "three more emergency actions" in an attempt to save the UST algorithmic stablecoin.

12.05 / 13:03

Lowe's Bitcoin Luna Low Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over

Bitcoin (BTC) nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone.

12.05 / 13:03

Stablecoin Tether Bitcoin USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in

Cryptocurrencies markets continue to suffer major losses following the depegging of Terra (LUNA) ecosystem's stablecoin UST - causing discrepancies between stablecoin pegs and the value of Bitcoin (BTC).

12.05 / 13:03

business Stablecoin Binance Trading Terra Luna Perpetual Binance Futures delists coin-margined LUNA perpetual contracts

Amid collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.

12.05 / 00:33

markets Ethereum Stablecoin Bitcoin defi protocols Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered.

11.05 / 19:51

business Stablecoin network market volatility Celsius Network execs deny rumors of significant losses amid market volatility

The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership.

11.05 / 19:35

business Blockchain Stablecoin Adoption LUNA meltdown sparks theories and told-you-sos from crypto community

No matter how hard your day is going, spare a thought for LUNA investors today. Do Kwon, CEO of Terraform labs and 18th on Cointelegraph's Top 100, has lost billions of dollars for their investors.

11.05 / 19:19

Ethereum MARKET Altcoins Terra Bitcoin Crypto Market Dives – and Rebounds – Following UST De-Peg, US Inflation Report

Bitcoin (BTC), ethereum (ETH), and the broader crypto market experienced a sharp correction today after the terraUSD (UST) stablecoin collapsed, and an inflation report in the US revealed higher-than-expected price rises. However, prices later turned around, marking a strong recovery for the major cryptoassets.

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