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South Korean Regulators to Inspect Companies Linked to Terraform
25.5.2022
South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of terra (LUNA) ecosystem coins.
In an exclusive article, the South Korean media outlet Money...
LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash
25.5.2022
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,”...
Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
24.5.2022
The director of blockchain market research said Tether should be more transparent about “what they actually hold on their balance sheets,” on CoinDesk TV’s "First Mover," program
More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates
24.5.2022
More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon....
Read More: More Crypto Regulation Incoming...
South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report
24.5.2022
South Korea's financial authorities are looking to introduce measures to hold crypto exchanges to greater scrutiny in the wake of Terra's collapse, according to a report by The Korea Times
Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says
24.5.2022
“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.
Speaking in an interview with CNBC on Monday, Collins said that the popular stablecoin tether (USDT) is “still backed 1:1” by reserves...
Astroport Supporting the Release of Terra 2.0 as Voting Ends
24.5.2022
The hype around Terra 2.0 keeps growing. The recent voting session in the Terra community became the latest testament to it. The platform asked its community whether Terra 2.0 should be released. The members have shown tremendous support for a reliable AMM (automated market maker). The initiative...
IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress
24.5.2022
The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a “pyramid,” while also urging regulators to consider the “importance” of the world of crypto and central bank digital currencies (CBDCs).
Bloomberg quoted...
Terra 'Revival Plan 2' Set to Pass, But There is Still Confusion within Community
24.5.2022
The Terra (LUNA) ecosystem "Revival Plan 2," the latest revival plan proposed by the Terraform Labs founder and CEO Do Kwon that was put to vote last week, is nearing its deadline and is set to be confirmed.
By Tuesday morning (UTC time), 66.33% of participants have voted in the support of...
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST
24.5.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market...
South Korean police request exchanges freeze LFG related funds
24.5.2022
Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard
First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red
24.5.2022
When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos tumbled despite gains in U.S. equity markets
Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets
24.5.2022
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset...
The ‘Lunatic’ Movement: A Look at Terra LUNA’s Inception and the People That Helped Do Kwon Rise
23.5.2022
After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder...
WEF 2022: Terra were offering unsustainable yields; DeFi can support financial inclusion
23.5.2022
Industry experts share insights and commentary with Cointelegraph on the first day of the Blockchain Hub 2022 conference in Davos, Switzerland
Avalanche nears key breakdown level that could sink AVAX price by another 65%
23.5.2022
Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup
Will Terra (LUNA) Revive After Enabling IBC Transfer?
23.5.2022
Finally, the proposal has passed. Terra (LUNA) will enable IBC transfer. After activation, users can transfer their assets across all the network streams from Terra. Terra launched its main net blockchain project in March 2019. It is based on the Cosmos-SDK blockchain. Do Kwon, the founder of this...
Binance CEO Shares Lessons Learned From Terra Fall, Says He is 'Pleased by the Crypto Industry Resilience'
23.5.2022
Addressing the historic fall of the Terra (LUNA) ecosystem, major crypto exchange Binance CEO Changpeng Zhao (CZ) said that he is "pleased by the resilience the crypto industry has shown." However, he also shared some lessons that the industry should learn from the Terra fallout.
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Do Kwon shares LUNA burn address but warns 'LUNAtics' against using it
23.5.2022
Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21
LUNA Jumps as 273M Tokens Burned Despite Do Kwon Opposing the Idea
23.5.2022
Terra (LUNA) holders have sent over LUNA 273m to the burn address provided by the Terraform Labs founder and CEO Do Kwon in a bid to reduce the token supply - an idea that Do Kwon is not in support of....
Read More: LUNA Jumps as 273M Tokens Burned Despite Do Kwon Opposing the Idea