Cryptocoins News / The Cointelegraph - 2 years ago
The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market conditions. Avalanche-based liquidity protocol Bliz...
Cryptocoins News / The Cointelegraph - 2 years ago
Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure.Data released on May 13 confirms that overnight, the embattled cryptocurrency’s supply expanded to an e...
Bitcoin News / Bitcoinist - 2 years ago
Some projects have been more severely impacted by the bear market than others. However, no coin has endured greater hardship than LUNA, the governance token underlying the Terra ecosystem.
Due to its precipitous and rapid decline, Binance is currentl...
Cryptocoins Exchanges / Binance - 2 years ago
Since May 8 until now, the market has had a very deep crash, leading to stable coins like USDT, BUSD and USDC also losing their original $1 peg. The original cause of the incident was that the stablecoin UST was de-peg 1 USD. This leads to Terr...
Cryptocoins News / Blockchain - 2 years ago
LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten could collapse to near-zero overnight.
LUNA and TerraUSD (UST) are the native tokens of the Terra blockchain network de...
by COINS NEWS - 2 years ago
https://terra.smartstake.io/ust There are now over 1 Trillion Luna tokens minted (a little less in circulation), this is a rise from 1,576,957,952 (1.5 billion) tokens yesterday. https://preview.redd.it/qsacgiunb5z81.png?width=917&...
Cryptocoins News / CoinJournal - 2 years ago
Following the Terra’s TerraUSD (UST) stablecoin misfortunes after it de-pegged from the US Dollar, the price of LUNA, which is Terra’s native token, has crashed from above $80 to about $0.023. The fiasco surrounding the UST has sent shock waves acr...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) bulls demanded a rematch of $30,000 later on May 12 as the market recovered from its lowest levels since late 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY looms large as BTC recoversData from Cointelegraph Markets...
Cryptocoins News / The Cointelegraph - 2 years ago
Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s LUNA token. Terraform Labs' official Twitter handle co...
Cryptocoins News / The Cointelegraph - 2 years ago
Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price.In a Thursday blog post, Binance said it would be taking “precautionary measures” around it...
by COINS NEWS - 2 years ago
Edit 7: The Terra Blockchain has been halted as of block 7607789 There was a circulating supply of 11.28B UST and a circulating supply of at least 6.87 Trillion Terra at the time it was shut off. It’s unclear what happens to the $11.28B in UST but I’...
Bitcoin News / Bitcoinist - 2 years ago
Terra’s CEO, Do Kwon, reappeared early Wednesday to present an emergency plan to save UST and LUNA.
To protect against network governance attacks, the business proposes burning all UST in the community pool, burning the remaining 371 million US...
Cryptocoins News / NewsBTC - 2 years ago
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Cryptocoins News / The Cointelegraph - 2 years ago
Amid the collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.Binance’s derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contract...
Cryptocoins News / The Cointelegraph - 2 years ago
The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon’s, rescue plan for UST. The thread sheds light on Proposal 1164, Do Kwon’s initial s...
Cryptocoins Exchanges / Binance - 2 years ago
https://preview.redd.it/8ykzh5ovm0z81.jpg?width=973&format=pjpg&auto=webp&s=6db9bdb1f98e89455bf0109e9e8127493fd385c1 Check out the latest article on DOGEKINGDAO submitted by /u/Leather_Care_997 [link] ...
Cryptocoins Exchanges / Binance - 2 years ago
https://imgur.com/a/DJByRyc Yesterday LUNA had crazy volatility and I managed to open long position at $5.5 on 21:27:59 (GMT +7). It immediately spiked and peaked at $6.9 in only a minute or less. My PNL was up $xxxx so I try to close my position. No...