Terra Financial News

17.05 / 22:59

business Law Terra Luna Terraform Labs Terra Crypto users Crypto users react to Terraform Labs legal team purportedly leaving company

The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.

17.05 / 14:51

business Stablecoin regulation Terraform Labs Terra hearing Do Kwon summoned to parliamentary hearing following UST and LUNA crash

The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now South Korean conservative party has requested a parliamentary hearing on the matter.

17.05 / 12:25

Stablecoin Altcoins regulation Terra hearing politician Financial South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

The Terraform Labs mastermind Do Kwon (real name Kwon Do-hyeong) could be facing trouble from financial and law enforcement authorities in South Korea and Singapore as a torrid month for the Terra (LUNA) platform just keeps getting worse.

17.05 / 10:41

Altcoins Airdrop Hard Fork Terra Support Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains

Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan.

17.05 / 09:13

Mudrex Terraform Labs Terra Luna Terra is working to revive LUNA. Will it revisit its old glory?

Terra (LUNA) has laid out a revival plan. The crypto token wiped out almost the entirety of investors' wealth in just a few hours.Terraform Labs founder Do Kwon proposed a “Terra Ecosystem Revival Plan,” and the plan was shared in terra community forum. According to Kwon’s 'Revival Plan,' which aims to restart the entire Terra blockchain, with network ownership getting distributed entirely to UST and LUNA holders through 1 billion new tokens.

17.05 / 08:13

Blockchain cryptocurrency Terra Luna Terra Luna Investor Bill Ackman's take on the Terra Luna crypto crash

American investor Bill Ackman has said that schemes like Luna are a threat to the whole cryptocurrency ecosystem. His remark came after Luna, the sister token of stablecoin TerraUSD, crashed 100 percent on May 13.

16.05 / 16:49

Stablecoin Altcoins Terra Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis

New reports fuelled speculations that Do Kwon (real name Kwon Do-hyeong) may have been aware of a storm brewing for the terra (LUNA) platform – and that the Terraform Labs mastermind may have taken action to dissolve domestic parts of his company as early as last month in anticipation.

16.05 / 14:03

Stablecoin Terra Bitcoin compensation Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users

The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated, LFG said.

16.05 / 11:53

Stablecoin MARKET Altcoins Terraform Labs Terra Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan

Big players in the crypto industry do not seem supportive of the latest Do Kwon's proposal of how to help the collapsed Terra (LUNA) ecosystem.

16.05 / 08:09

Blockchain Stablecoin Terra Usd Terra NOT Vitalik: Terra should protect the smallholders, not the whales

Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan.

16.05 / 08:07

crypto market avalanche Terra Luna Investors look at flip side of crypto coin

Mumbai: Ashwin Nadar, a 25-year-old software engineer based in the country’s commercial capital, is still shocked by the sudden collapse of Luna, a popular cryptocurrency, last week. “It was a disturbing event. I bought Luna at $73 and got out at 24 cents,” he said. “I had a small investment, but as someone who believed in ‘smart contract’ cryptos, it was painful to watch the event unfold.” After the plunge, Nadar sold some of the altcoins he held—Avalanche, Near and Algorand—and moved money to Bitcoin and Ethereum for some time.

16.05 / 06:07

Blockchain Altcoin Hard Fork Terra Usd Terra Major validator calls for ‘completely new chain’ to replace Terra

As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.

15.05 / 14:11

business Blockchain Binance Altcoin Terra Support Binance CEO CZ to support Terra community but expects more transparency

Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective on the appropriate course of action for falling projects across the crypto community.

14.05 / 22:03

Cardano cryptocurrency prices today cryptocurrency price today Terra Usd Terra Bitcoin bitcoin surge Top cryptocurrency prices today: BNP, Cardano, Bitcoin surge up to 12%; Terra USD down 69% in last 24 hours

Bitcoin, the largest crypto by market value, climbed 4.15 per cent to $29,972.89. The cryptocurrency had fallen to a low of $25,401.05 on Thursday, its lowest level since December 28, 2020. It is still down 17.87 per cent in the last seven sessions.

14.05 / 13:47

markets Altcoin Terra Bitcoin Bitcoin Price Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’

Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend.

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.

13.05 / 21:11

Blockchain Stablecoin Tokens Terraform Labs Terra Breaking: Do Kwon proposes Terra revival, including token redistribution plan

Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic de-pegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged LUNA tokens to practically zero.

13.05 / 20:29

business Trading Altcoin Terra exit Failed exit? Traders complain Crypto.com reversed profitable LUNA transactions

Cryptocurrency exchange Crypto.com has halted trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community.

13.05 / 16:31

Stablecoin coinbase Legal Terra NOT Coinbase Sued Over Collapsed Stablecoin, but It's Not UST (Yet)

At a time when the third-largest stablecoin, terraUSD (UST) collapsed, a group of Coinbase’s clients are suing the crypto exchange over its alleged role in the promotion and trading of GYEN, another stablecoin the plaintiffs claim brought them millions of dollars in losses.

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 / 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.

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