Luna Financial News

08.06 / 23:39

Lowe's CoinMarketCap Luna LUNC: Decoding what growth in number of unique addresses could mean for investors

As people continue to run from Terra’s Luna Classic token [LUNC] and its accompanying stablecoin, UST, recent data from CoinMarketCap showed that even more people are running towards it.

07.06 / 16:31

Boeing Luna The Fintech Files: BoE steps in on stablecoins, while Lord Agnew and Starling spat

The implosion of the stablecoin TerraUSD and its paired cryptocurrency luna sent shockwaves through financial markets – and turned some heads in the British government, too.

06.06 / 09:35

cryptocurrency Digital Terra Luna Crypto Tax Regime: Terra Investors In India Face Double Whammy

Luna 2.0 started trading on May 28.

06.06 / 07:37

USDT ADA GRT Luna Crypto month at a glance: Terra's black swan event ruled the market

Luna, a top 10 coin crashed to nothing. Other altcoins continued to feel the pain. Luna was a layer-1 platform that focused on DeFi (Decentralised Finance) protocols with its algorithmic stablecoin UST. Stablecoins are cash equivalent in the crypto space and often backed by either fiat currency (USDT) or crypto (DAI). They are crucial in most DeFi protocols. UST did not have any collateral and maintained its 1 dollar value with the help of arbitrage.

05.06 / 14:15

Blockchain Action Terra Luna Luna Exploit Analyzing after-effects of Anchor protocol freezing Earn & Borrow post $800k exploit

Anchor, along with Terra, LUNA, and UST, fell victim to the blockchain crash and being the most significant protocol on the chain, it fell the hardest.

04.06 / 16:39

Binance Extreme CoinMarketCap Luna week Even a week after launch of LUNA, it appears Do Kwon’s problems are far from over

Following the forking of the Terra chain and the subsequent launch of Terra’s Luna 2.0, the token has since suffered extreme volatility. For example, following the listing on cryptocurrency exchange Binance, the price per LUNA token grew by 39.41% last Tuesday. This was however soon followed by a severe decline that plunged the token below the $10 price index.

04.06 / 11:49

Blockchain UPS Luna Should AVAX [Avalanche] be a ‘must-have’ in your crypto portfolio

Betty Botter had some butter, but, she said, “this butter’s bitter. If I bake this bitter butter, it would make my batter bitter.”

04.06 / 09:21

cryptocurrency Extreme Terra Luna Bitcoin Luna New York AG warns against risks of crypto trading

The Attorney General of New York has issued an alert, warning people of the “dangerous risks” of investing in cryptocurrencies, as the crypto markets have corrected significantly from their all-time highs.

03.06 / 17:41

Blockchain BTC Luna Was Terra UST fiasco premeditated? Here’s how large investors were able to escape unhurt

Latest report says large investors were able to get out earlier than the small investors during the Terra collapse. The report was published by Jump Crypto, a crypto market-making unit of Jump Trading.

31.05 / 12:47

Blockchain Pool Oracle Luna Time Exploit Is Mirror Protocol undergoing exploit for the second time? Here’s the truth

Terra hit the bullseye lately, however, the bullseye for all the wrong reasons. Just when Terra thought that its day of difficulties has ended, there was more in store. But what went wrong this time?

31.05 / 04:41

New Delhi Terra Luna New Luna, Old Story: Terra's new token wipes out 70% wealth in less than 48 hours

Terra were bruised badly as the newly issued Luna token promptly plunged. The Luna 2.0 tokens issued over the weekend saw a knee-jerk reaction. According to Coinmarketcap data, the tokens were issued at $17.8 and eventually zoomed to $19.53 on May 28. However, in less than 48 hours, it nosedived over 70 per cent to Rs $5.45 on Monday. A key element of Terra's revival plan was to deliver new Luna tokens to holders of the project's now vastly depreciated UST stablecoins as well as to holders of the older, existing Luna tokens.

30.05 / 16:57

Twitter Binance CoinMarketCap Luna Terra’s new revival plan and LUNA – All going as expected?

Since the re-launch of the Terra ecosystem via Terra 2.0 on 28 May, the price of Terra (LUNA) has dropped by almost 70%. In the first 30 minutes of trade, the price skyrocketed from $0.30 to $20. The high, however, was short-lived, as the price dropped to barely $5.30 in the next three hours.

30.05 / 13:55

Blockchain Kucoin Digital Luna The luna cryptocurrency has been resurrected after its $40 billion collapse. It's already crashing

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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 / 10:21

Blockchain Terra Luna New Terra Blockchain Goes Live

After a delay on Friday, the new Terra (LUNA) blockchain started producing blocks on Saturday in an attempt to relaunch its ecosystem after a spectacular failure that erased billions in market value.

28.05 / 00:23

ETH RAI Luna Here’s Ethereum co-founder’s take on algorithmic stablecoins

Ethereum’s Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased examination of crypto and DeFi in the aftermath of Terra’s meltdown is “really beneficial. However, he advised against dismissing any algo-stablecoins completely.

27.05 / 13:07

Blockchain Ethereum Pool Luna Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held in the project’s community pool and also deployed for past liquidity on Ethereum.

27.05 / 02:27

Blockchain Provident Align Luna NOT Terra 2.0 proposal gets the crypto community’s nod of approval but that’s not all

Pretty much the entire crypto community is well-aware of the Terra (LUNA) fiasco. Overall, investors lost more than $400 million as the Terra ecosystem hit rock bottom. But what about a recovery plan? There aren’t many discussing this step.

26.05 / 12:49

Blockchain Binance CEO Luna Plan to Reboot Terra Ecosystem as Terra 2.0 Wins Approval

The proposal to revive the troubled Terra network as Terra 2.0 has received the green light from the community. However, the controversial algorithmic UST stablecoin will not be a part of the rebirth.

26.05 / 11:23

Blockchain Provident Pool Luna Do Kwon’s revival plan for Terra finds endorsement with 65% vote

The community has endorsed Terra’s “Proposal 1623,” which outlines intentions to resurrect the collapsed Terra environment. Do Kwon, the Terra ecosystem’s founder, offered a resurrection plan on 16 May, one that included the establishment of a new blockchain and the issuance of fresh LUNA tokens.

26.05 / 08:21

Blockchain cryptocurrency Stablecoin Luna Classic Terra Classic Luna This Token's Relaunch Kicks Crypto Hype Machine Back Into Gear

The new Luna will be distributed to previous holders of Luna and UST in a so-called air drop.

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