Do Kwon News

31.05 / 20:25

Legal Terra Mystery South Korean Company that ‘Worked on Terra Network’ Faces Media Scrutiny

South Korean media outlets say they have unearthed evidence that a blockchain firm based in Seoul has a close relationship with Terraform Labs – and may have been developing for the Terra network under the radar. But the plot may already have thickened – with allegations that the National Tax Service (NTS) found evidence of a “suspicious flow of transactions” between the firm and Terraform Labs when it investigated the firms last year.

30.05 / 08:29

Blockchain Binance Airdrop Terra Investors dumping on Terra as LUNA 2 tanks 70% in two days

The price of LUNA has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28.

29.05 / 07:31

Token Terra Terra Classic Luna Amid headwinds, Do kwon standing against all odds to revive Terra

Terra debacle, Terraform Labs is all set to launch Terra 2.0, the so-called revival of the blockchain. The previous token has been renamed as Terra Classic (LUNA). Terra's ecosystem has imploded as terraUSD (UST) algorithmic stablecoin was dragged from $1 earlier this month. This had also jittered the sentiments for other stablecoins as well, with some still struggling to get re-pegged. UST is now renamed TerraUSD Class, with a price of merely three centas as its value nosedived more than 50 per cent in the last 24 hours. Terra Classic (LUNA) dropped close to another 20 per cent, with a sharp fall in volumes.

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.

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 / 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.

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.

25.05 / 22:43

Blockchain UPS Waves UST registered +400% rally while you were asleep – Here’s what to know

A ghost in the blockchain? Or a poltergeist playing tricks? 25 May began with TerraUSD [UST] seeing a daily rally of more than 400%, but then experienced a crash that dragged it back down to below $0.1. So here’s your news update in case you were sleeping when the price spiked.

25.05 / 18:41

Stablecoin Altcoins Terra LUNA, UST Jump as Terra Revival Plan Moves Ahead After Vote

The price of the Terra network’s native LUNA token and the failed stablecoin terraUSD (UST) jumped in the market on Wednesday, after a revival plan for the network officially passed a vote, with 65% voting in favor of the plan. A new Terra blockchain is now expected to launch this Friday, May 27th.

25.05 / 15:39

regulation Altcoin Terra Luna Classic Terra Classic Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote

The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risk is assessed.

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 / 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.

23.05 / 11:51

business Blockchain Stablecoin supply Do Kwon shares LUNA burn address but warns 'LUNAtics' against using it

The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving the fallen prices of LUNA and UST tokens. Instead, the part of the community recommended burning LUNA tokens as the most plausible way to achieve a comeback.

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.

21.05 / 10:07

Ethereum XRP BNB Bitcoin Top cryptocurrency prices today: Bitcoin, Ethereum, XRP and BNB gain up to 5%

BNB and XRP rose 5 per cent each, followed by a 4 per cent gain in Bitcoin and Ethereum. The global cryptocurrency market cap was trading higher at the $1.28 trillion mark, jumping more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume added about a per cent to $82.39 billion.Expert's takeEdul Patel Co-Founder & CEO of Mudrex said Bitcoin, Ethereum, and most cryptocurrencies rose after witnessing a steep fall. Bitcoin is currently trading above the $30,000 mark as buyers reacted to the oversold conditions, he added.

20.05 / 23:21

Binance defi regulation Polygon Terra Luna Terra Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more

The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra's collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and technical assistance.

20.05 / 20:37

business goldman sachs BitMEX Venture Capital Terra Terra Classic Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022

Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive weekly red candles, over $1 trillion in lost market cap across the ecosystem and an aggressive Federal Reserve hell-bent on reversing the chaos it created, major banks are quietly increasing their exposure to the sector. You’re going to love this: Goldman Sachs — once the most passionate Bitcoin detractors — and Barclays are doing some strategic buying as they prepare for the future of crypto trading.

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 / 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.”

19.05 / 16:07

TerraUSD Citadel Terraform Labs Luna How a trash-talking crypto bro caused a $40 billion crash

Luna, rallying a band of investors and supporters he proudly referred to as "Lunatics." Kwon's company, Terraform Labs, raised more than $200 million from investment firms such as Lightspeed Venture Partners and Galaxy Digital to fund crypto projects built with the currency, even as critics questioned its technological underpinnings. Luna's total value ballooned to more than $40 billion, creating a frenzy of excitement that swept up day traders and startup founders, as well as wealthy investors. Kwon dismissed concerns with a taunt: «I don't debate the poor.»

information about Do Kwon

Who is Do Kwon?

Do Kwon is a notable individual featured in various informative articles related to trending topics.

Why is Do Kwon attracting attention?

Do Kwon frequently draws public interest due to widely discussed behavior, which sparks conversations.

Where can I find the latest news about Do Kwon?

Our website has a dedicated section featuring all coverage related to Do Kwon. We continuously monitor developments and update the information promptly.