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Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’
18.5.2022
A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as “final” by Terraform Labs CEO and co-founder Do Kwon.
By creating a new blockchain with its own native token, Do Kwon’s revival plan would airdrop the new token...
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST
18.5.2022
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South...
Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants
17.5.2022
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include...
Do Kwon summoned to parliamentary hearing following UST and LUNA crash
17.5.2022
Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details
South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing
17.5.2022
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.
Following reports that Kwon appears to have dissolved...
Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains
17.5.2022
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.
In a Monday post and an accompanying Twitter thread, Kwon suggested forking...
Terra’s LUNA Gains, Then Slides, After Do Kwon's Fork Proposal
17.5.2022
Traders sold the tokens even as founder Do Kwon proposed a separate chain to make up for last week’s implosion of UST
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
Do Kwon proposes Terra hard fork to save ecosystem
16.5.2022
Terraform Labs will put the proposal up for a governance vote on May 18 Asia time
Kwon Proposes Forking Terra in ‘Revival Plan 2’
16.5.2022
Do Kwon is out with his second attempt at a revival plan for the troubled blockchain
Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis
16.5.2022
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....
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Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan
16.5.2022
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.
Last Friday, Terraform Labs co-founder Do Kwon put forward a 'revival plan' suggesting that the network hard fork and reset ownership to 1 billion...
Vitalik: Terra should protect the smallholders, not the whales
16.5.2022
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers
Major validator calls for ‘completely new chain’ to replace Terra
16.5.2022
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it
Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini
15.5.2022
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm...
Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
15.5.2022
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock...
Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday
14.5.2022
Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly...
Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout
14.5.2022
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after...
Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse
14.5.2022
The admission comes after the stunning demise of the Terra blockchain’s flagship project
Breaking: Do Kwon proposes Terra revival, including token redistribution plan
13.5.2022
After two days of silence, the Terra founder has issued a new governance proposal to keep the community alive and compensate token holders