Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView"Not the decoupling we wanted"Data from Cointelegraph Markets Pro and Tradin...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/United States dollar refused to offer volatility up or down.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView“Not the decoupling we wanted”Data from Cointelegraph Marke...
Cryptocoins News / The Cointelegraph - 2 years ago
The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap b...
Cryptocoins Exchanges / Kraken - 2 years ago
We are pleased to announce that Kraken now supports Terra 2.0 (LUNA2). Funding and Trading You can add LUNA2 to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Trading is live. Keep an eye on our status page fo...
Cryptocoins News / The Cointelegraph - 2 years ago
The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in gen...
by COINS NEWS - 2 years ago
Old videos are doing rounds on social media where Terra founder Do Kwon talks about the "Kill switch". Do Kwon is hinting in the resurfaced videos that Terra is destined to go bust as they have “Protocol Armageddon”. He stated in the...
Bitcoin News / Bitcoin.com - 2 years ago
Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market carnage, bitcoin’s market dominance...
Cryptocoins Exchanges / Binance - 2 years ago
What are your thoughts on this company burning Terra classicTweet https://explorer.bitquery.io/terra/address/terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu They have also said that it is trading number 1 on their platform Do you believe they have a mas...
Cryptocoins News / The Cointelegraph - 2 years ago
In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stab...
Cryptocoins News / Blockchain - 2 years ago
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.
The total number of votes favouring the action...
Bitcoin News / Bitcoinist - 2 years ago
The sudden crash
Back in April 2022, Terra was still a public chain with a market cap of $41 billion and plenty of rosy visions. However, in just one month, its native algorithmic stablecoin UST de-pegged from the dollar due to manipulation by big in...
Bitcoin News / Bitcoinist - 2 years ago
Polygon has launched the Terra Developer Fund to aid projects affected by the LUNA crash. Via its developer arm Polygon studios, the Ethereum scalability solutions will provide projects previous on Terra with financial support.
Related Reading | Bale...
Cryptocoins News / CoinJournal - 2 years ago
Now that the dust has settled from the spectacular Terra collapse, I thought it would be interesting to dive into the DeFi space and see how the shake-up has affected other protocols. DeFi surged to prominence in 2020, or if you want to get down wi...
Cryptocoins Exchanges / Binance - 2 years ago
-people only one want it to potentially get their money back which they have lost -you have to wait so long before you can sell your terra Luna -if you bought it post attack you get very little making your Holdings worthless -the owner the creator is...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support. BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin volume surges with more expectedData from Cointelegraph Markets Pro...
Cryptocoins News / CoinJournal - 2 years ago
South Korean authorities are in the process of freezing the assets of the Luna Foundation Guard. Luna Foundation Guard is a non-profit foundation that maintains reserves for the Terra ecosystem to support the stablecoins during difficult times.
Are...
Cryptocoins News / The Cointelegraph - 2 years ago
The fall of Terra shook the entire crypto market. However, the project has no plans to stay down, having secured backing from crypto exchanges to help it rebuild. In an announcement on Thursday, Terra provided details on an upcoming airdrop of the ne...
Bitcoin News / Bitcoinist - 2 years ago
Curve Finance community members are already voting to terminate CRV releases from all UST liquidity pools.
Curve Finance, an innovative crypto project, announced on Thursday morning that it would end all connections with the UST stablecoin. The platf...