Luna Financial News
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.
15.05 / 01:45
14.05 / 21:21
Blockchain
Lowe's
Platform
Luna
Here’s how Avalanche [AVAX] is responding to a slew of good developmental news
The crisis with Terra’s stablecoin TerraUSD (UST) and the free fall in Terra’s LUNA token has put a deep dent the overall crypto sentiment. Every coin has witnessed some losses following this crash.
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 / 03:45
Extreme
Platform
Oracle
Luna
defi protocols
Lost
Chainlink: How a ‘price discrepancy’ resulted in millions lost from DeFi protocols
Terra’s total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market. The protocol lost around 78% in TVL since the first quarter of 2022. De-pegging ofUST, the protocol’s stablecoins made the situation worse.
14.05 / 01:27
UPS
Bitcoin
Luna
Reserve
Dr. Avalanche, Mr. Terra, and the tale of Luna Foundation Guard Reserve
A week ago, Terra [LUNA] was just above $80 as investors bemoaned its faith. But at press time, the ex-top ten crypto was changing bloodstained hands at $0.00005687. Naturally, the shock of this fall has many new and confused investors looking at their favorite altcoin projects, wondering if there’s a chance of them heading in the same direction.
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 / 17:27
13.05 / 16:23
cryptocurrency
WazirX
coinswitch kuber
Luna
Indian
Indian exchanges delist Luna after its price crashed below $1
After global exchanges, Indian exchanges including WazirX, Coinswitch Kuber, and CoinDCX have delisted the stablecoin Luna. The Terra crypto token was taken down as its price fell below $1, eroding the wealth of its investors.
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.
13.05 / 13:41
Twitter
Tether
Bitcoin
Luna
Withdrawals
World's biggest stablecoin regains dollar peg after $3 billion in withdrawals
Tether, the world's largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day.
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 / 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 / 14:39
Lowe's
XRP
Luna
Low
XRP falls to a 13-month low as it loses value to Chainlink, here’s what’s next
While a few cryptocurrencies in the market are trying to recover from the losses, others are slipping quicker on the charts than sand seeps out of one’s hand and XRP is, unfortunately, one of them.
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
Blockchain
Lowe's
Luna
Drop
Terra Erases 12 Months Bullish Gains with 94% Drop in Value
The Terra community is almost in disarray as the ecosystem’s two flagship tokens, including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen.
12.05 / 12:01
cryptocurrency
Lowe's
TerraUSD
Luna
recovery
Stablecoin TerraUSD Announces Recovery Plan After Sharp Plunge
TerraUSD, also known as 'UST', slipped below its 1:1 peg to the dollar this week.
12.05 / 11:05
Lowe's
Digital
Bitcoin
Luna
2020
Time
Bitcoin tumbles below $27,000 for first time since December 2020 as crypto sell-off intensifies
Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project.
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