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Do Kwon Proposes Restart of Terra Blockchain as UST, LUNA Plummet
13.5.2022
The “Revival Plan” involves redistributing network ownership to UST and LUNA token holders
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
13.5.2022
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain...
It's Getting Personal - 'Broke' LUNA Investor Comes to Do Kwon’s House, Plans to Surrender to Police
13.5.2022
A furious terra (LUNA) investor appears to have come knocking at the door of the Terra mastermind Do Kwon (also known as Kwon Do-hyeong) looking for answers after the token spectacularly collapsed. South Korean police are hunting for an unidentified person who reportedly broke into the apartment...
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims
12.5.2022
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed...
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
11.5.2022
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday
Do Kwon Is the Elizabeth Holmes of Crypto
11.5.2022
If you promise investors something impossible, is it a crime?
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
11.5.2022
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower...
UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
11.5.2022
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees
Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes
11.5.2022
Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day.
In mid-March, Do Kwon took a bet with pseudonymous Twitter user Sensei Algod,...
Terra founder Do Kwon shares plan to save the UST stablecoin peg
11.5.2022
Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST
Terra Founder Do Kwon Supports Community's UST Proposal; LUNA Drops to $2.2
11.5.2022
Kwon said Terra endorses a community proposal that seeks to bring UST back to its intended $1 peg
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’
11.5.2022
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD is trading at $5.45, which...
UST and LUNA Keep Collapsing, No Word from Do Kwon on Promised 'Recovery Plan'
11.5.2022
Both terraUSD (UST) and terra (LUNA) still can't find their price bottom today.
UST, the algorithmic stablecoin built on the Terra blockchain, is continuing to collapse on Wednesday, after initially losing its US dollar peg on Monday. The price crash comes as Terra founder Do Kwon has gone...
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
10.5.2022
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....
Terra peg mechanism in doubt as UST crashes to 67 cents
10.5.2022
Terra USD (UST) and its backing coin LUNA have been in a veritable nosedive in price and market cap since major sell-offs began in the ecosystem
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93
9.5.2022
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet...
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
9.5.2022
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
9.5.2022
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST
Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack
8.5.2022
Doom and gloom continues for Bitcoin markets as Terra's Do Kwon brushes aside a "deliberate and coordinated" attack on its TerraUSD and LUNA tokens