Cryptocoins Exchanges / Binance - 2 years ago
With Terra practically back to scratch and finding its way out of the recent turbulence it got into with the depegging of its UST stablecoin, developers on the terra blockchain would sooner or later have to migrate to more stable networks to continue...
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...
Bitcoin News / Bitcoin.com - 2 years ago
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-ch...
Cryptocoins News / The Cointelegraph - 2 years ago
Binance will welcome migration and offer support to Terra ecosystem (LUNA) projects following the breakup this month of the decentralized finance platform (DeFi) and its algorithmic stablecoin. It was a matter of hours before it became clear that aft...
Bitcoin News / Bitcoinist - 2 years ago
The multibillion-dollar collapse of Terra Labs’ stablecoin and the LUNA token is still ringing across the cryptocurrency industry, and numerous questions for Terra’s South Korean founder, Kwon Do-hyung, have emerged from the debris of was...
Cryptocoins News / The Cointelegraph - 2 years ago
As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it doesn’t pose a risk to the larger crypto ecosystem, according to Jun Du, co-founder of Huobi...
by COINS NEWS - 2 years ago
submitted by /u/pedi1370 [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Legal troubles are mounting for the co-founder of failed Terra crypto project, Do Kwon, as the South Korean government revives the dormant Grim Reapers of Yeoui-do to investigate Terra’s fall.The special investigative and prosecutorial team consists...
Cryptocoins News / Blockchain - 2 years ago
The challenges ahead for Terra’s co-founders are notably more than just reviving the after UST and LUNA coins last week. As by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint agains...
Bitcoin News / Bitcoinist - 2 years ago
After 10 long days, Mike Novogratz broke his silence on the Terra/ Luna situation. Considering that he was one of the protocol’s main proponents and even got a Luna tattoo, the community’s interest in Novogratz’s opinion is justified. “My tatto...
Cryptocoins News / The Cointelegraph - 2 years ago
The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider. While UST has completely depeg...
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...
Bitcoin News / Bitcoinist - 2 years ago
The “People Power Party” representative, a South Korean politician Yoon Chang-Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week. According to a report from South Korean Newschannel “Newspim&...
Cryptocoins News / The Cointelegraph - 2 years ago
Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes.In a proposal opened to the Terra (LUNA) community on Wednesday, more than 91% of votes at...
Cryptocoins News / The Cointelegraph - 2 years ago
Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, no matter how much the technology improves. “They can improve their game theory, they can improve th...
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...
Bitcoin News / Bitcoinist - 2 years ago
The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the c...
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...
by COINS NEWS - 2 years ago
submitted by /u/Derezal [link] [comments]
by COINS NEWS - 2 years ago
South Korea's newly appointed Minister of the department of Justice is to investigate TerraLuna debacle for his very first assignment (the below Korean news press video is about it) https://www.youtube.com/watch?v=UKHsSE1n-Ck In this news press i...
Cryptocoins News / NewsBTC - 2 years ago
The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoin issued by Terraform Labs, is an example that st...
by COINS NEWS - 2 years ago
submitted by /u/aliensmadeus [link] [comments]
Bitcoin News / Bitcoinist - 2 years ago
The ongoing rigmarole with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn after a purported modification in job status for some members of the company’s legal staff. The internal legal team at Terraform Labs resigned...
Cryptocoins Exchanges / Binance - 2 years ago
submitted by /u/Aggravating-Hand-207 [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
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.According to their LinkedIn profiles, Terraform Labs general counsel Ma...
