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Luna Foundation Guard Discloses Usage of Bitcoin Reserves
17.5.2022
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while...
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
MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
16.5.2022
MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset
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
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year
16.5.2022
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder’s experts predicted LUNA would be $143 before the end of the year....
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
Crypto Funds Saw Year's Highest Inflows as Terra Crisis Crashed Markets
16.5.2022
Some $274 million flowed into digital asset funds as investors bought the dip during Terra's turmoil kicked off a broad market sell-off
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First
16.5.2022
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens...
Record Inflows into Bitcoin as 'Safety'-Seeking Investors Buy the Dip; Ethereum Outflows Double
16.5.2022
Investors in funds backed by bitcoin (BTC) appear to be taking advantage of the lower prices, adding close to USD 299m to such funds last week, or the most this year, while ethereum (ETH) outflows more than doubled. ...
Read More: Record Inflows into Bitcoin as 'Safety'-Seeking Investors Buy...
First Mover Americas: May Brings Showers Not Flowers as Bitcoin Languishes in Terra Aftermath
16.5.2022
The latest moves in crypto markets in context for May 16,2022
Polygon and others extend helping hand to Terra blockchain projects
16.5.2022
These efforts are sure to help get many Terra projects back on their feet following last week's devastating events
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
16.5.2022
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to...
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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Elliptic’s Report Reveals Details About Terra’s BTC Treasury
16.5.2022
Elliptic, a well-known blockchain analytics and intelligence firm, released a report explaining the situation regarding Luna Foundation. The report highlighted how LFG’s Bitcoin stash was bought to collateralize the UST stablecoin. The project purchases around 80,000 Bitcoin in 2022 until...
Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users
16.5.2022
The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated...
Terra’s Fall Creates Ripples Among DeFi Networks
16.5.2022
The impact of Terra plummeting to $0 has crossed the ecosystem and created a chain reaction that brought down several DeFi networks and applications. Statistics confirm that the total TVL of the DeFi ecosystem lost nearly $100 million, fueled by this event. The current crisis is seen as a blow...
80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?
16.5.2022
The Luna Foundation Guard updates the world concerning its crypto-asset reserves and shares a promise to compensate the remaining users of failed stablecoin UST
First 7-week losing streak in history ― 5 things to know in Bitcoin this week
16.5.2022
Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum