Cryptocoins News / Blockchain - 2 years ago
Over the past few weeks, the crypto market has been filled with one form of turmoil or the other, pushing a far bigger onslaught in the cryptocurrency ecosystem.
The plunge in price across the board has dragged off the combined crypto market cap g...
Cryptocoins Exchanges / Binance - 2 years ago
The Luna Foundation Guard (LFG) also shared a promise to "compensate the remaining UST users, smallest holders first," with the remaining assets. However, there is no record of any re-purchase, compensation or token burning on Terra to rest...
Cryptocoins News / Blockchain - 2 years ago
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao ().
Sharing his insights on the Binance...
Bitcoin News / Bitcoinist - 2 years ago
Binance CEO Changpeng Zhao shared some crypto recommendations following the collapse of TerraForm Labs LUNA and UST Coins resulting in the loss of $40 billion and affecting the whole crypto market.
The crash incident of LUNA/UST is a tragedy that...
by COINS NEWS - 2 years ago
TL;DR — I'll show you that it's mathematically impossible (under some assumptions, of course) that LUNA's price will go back up to its' glorious days again. Let's do some meth—umm I meant math! There are some import...
Cryptocoins News / NewsBTC - 2 years ago
Investors continue to trade the LUNA token despite its enormous fall, seeing the coin lose 99% of its value from $62 on May 9 down to less than a cent by May 14. However, on May 20, LUNA remains the most trending cryptocurrency searched on CoinMarke...
Bitcoin News / Bitcoin.com - 2 years ago
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST).
SEC C...
Cryptocoins News / The Cointelegraph - 2 years ago
The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Lab...
Cryptocoins News / Blockchain - 2 years ago
The Avalanche Foundation announced via Twitter on Friday that Terraform Labs and the Luna Foundation Guard (LFG) have purchased 3.06 million AVAX in total.
The announcement came following an inquiry from members of the Avalanche Community about the...
Bitcoin News / Bitcoin.com - 2 years ago
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST).
Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA...
Cryptocoins Exchanges / Binance - 2 years ago
The Terra community is currently voting on the ‘Terra Proposal 1623’. This proposal means that the blockchain will be split into two different blockchains, namely to Terra Classic, with LUNA Classic tokens, and the new Terra Blockchain, with LUNA tok...
Cryptocoins Exchanges / Binance - 2 years ago
When rising? https://preview.redd.it/nb29si2mke091.jpg?width=923&format=pjpg&auto=webp&s=2cd706e1b39311f6b1f7778af9602324e5abd028 submitted by /u/Sky11et [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his Terra- (LUNA)-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the f...
Bitcoin News / Bitcoin.com - 2 years ago
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centri...
by COINS NEWS - 2 years ago
After the collapse of LUNA/UST, Do Kwon came out with a proposal to hard fork the chain to a previous snapshot and reallocate LUNA back to a 1b supply. Through the last few days, it has become clear that the overwhelming majority of luna holders are...
Cryptocoins News / NewsBTC - 2 years ago
The circulating supply of LUNA has continuously gone up since the UST debacle began. This has mainly been from people redeeming their staked UST for the digital asset, which caused its supply to rise drastically in such a short amount of time. In tu...
Bitcoin News / Bitcoin.com - 2 years ago
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and c...
Cryptocoins News / NewsBTC - 2 years ago
Panic struck the crypto market last week when Bitcoin broke below support, stablecoins unpegged from the dollar, and LUNA dropped to zero. The bloody aftermath has left cryptocurrencies as a whole more oversold than the Black Thursday COVID collapse...