Terra Financial 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.

31.05 / 18:45

Stablecoin regulation UK government Terra Luna Terra Safeguards UK government proposes additional safeguards against stablecoin failure risks

In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry.

31.05 / 13:35

regulation ICO Terra Agency regulatory South Korea to Launch a Crypto Regulatory Agency in Wake of LUNA Crash

The South Korean government will step up the launch of a new regulatory body to police the crypto sector – and could fast-track its creation as a direct response to what it has dubbed the “terra (LUNA) incident.”

31.05 / 11:37

Hack defi security Terra Exploit Terra’s Mirror Protocol Survival in Question as Exploit Continues and Devs are 'Completely MIA'

Decentralized finance (DeFi) project Mirror Protocol has been reportedly suffering an ongoing exploit over the past couple of days that allowed bad actors to drain four synthetic asset pools from the protocol, with the potential to drain funds from all other pools in the coming days.

31.05 / 05:19

defi Altcoin Cybersecurity Smart Contracts Terra pricing Exploit Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit

A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds.

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 / 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 / 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.

27.05 / 08:35

Blockchain Ethereum Stablecoin Terra Vitalik: How to create algo stablecoins that don't turn into ponzis or collapse

Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.

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.

26.05 / 14:03

business Blockchain Binance Terra Buyback Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.

26.05 / 09:19

defi Insurance Terra Usd Terra InsurAce says it will pay millions to claimants after Terra's collapse

DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the Terra USD (UST) depeg event from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.

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 / 15:43

Stablecoin Tether Terra Backed Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says

“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.

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.

24.05 / 05:45

regulation exchanges Terra freeze South Korean police request exchanges freeze LFG related funds

Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard.

23.05 / 14:17

MARKET Altcoins Terra fall Binance CEO Shares Lessons Learned From Terra Fall, Says He is 'Pleased by the Crypto Industry Resilience'

Addressing the historic fall of the Terra (LUNA) ecosystem, major crypto exchange Binance CEO Changpeng Zhao (CZ) said that he is "pleased by the resilience the crypto industry has shown." However, he also shared some lessons that the industry should learn from the Terra fallout.

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.

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