The Terra community is currently voting on a proposal supporting the “rebirth” of the blockchain, among a host of other changes. Kwon remains a questionable character in the crypto space,…
Browsing: Terra
An old video has emerged capturing the Terra founder saying he has a kill switch for the network. Days before TerraUST and Luna collapsed, Do Kwon was accused of attempting…
UST’s collapse shed a bad light on the algorithmic stablecoin industry, but one project that seems to have become even stronger is DAI, now the biggest algorithmic stablecoin. MKR, the…
The hedge fund guru believes that Terra promised investors returns based on the premise that more investors would come in, which is essentially what a pyramid scheme is. He also…
Luna Foundation Guard currently owns just 313 BTC after it cashed out its 80,000 BTC stash as it tried to save the collapsing UST stablecoin, failing in the end. LFG…
Members of the crypto community have come forward suggesting solutions to the collapse of the Terra ecosystem. The comments posted by the likes of Vitalik Buterin and Binance’s CZ include…
GAM Holdings has revealed that it’s in talks with Terraform Labs as it seeks to inject up to $3 billion in UST to save it from the jaws of total…
Two DeFi protocols reported that the Chainlink price feed for LUNA remained at $0.10 while the actual price slipped to $0.01. The Tera ecosystem has halted the Terra blockchain and…
Terra announced that its validators had halted the network at block 7,607,789 as they make up a plan to reconstitute it, the second time it had been halted in 12…
Terra’s algorithmic stablecoin UST has lost its peg and is coming under immense pressure as LUNA, the token it’s pegged to, lost 50 percent of its value overnight. Binance has…
LFG revealed that it intends on lending out $750 million in BTC and a similar amount in UST to help protect the peg of its algorithmic stablecoin. Over the weekend,…
Terra continues to follow Do Kwon’s plan and purchases bitcoins to provide reserves of Terra’s own stablecoin Could this eventually lead to bitcoin becoming the official reserve currency? Terra’s promise…
Terra founder Do Kwon is on a mission to become the second biggest Bitcoin owner after founder Satoshi Nakamoto as his bid to buy $10 billion of BTC gathers steam.…
Terra’s LUNA has hit a new high today at $106 after gaining 10 percent overnight while Bitcoin has hit $48,000 for the first time in nearly three months. This follows…
The founder of blockchain company Terraform Labs, Do Kwon, said the firm plans to buy $10 billion worth of Bitcoins to ensure the stability of the Terra USD (UST) staple.…
The founder of Terra Do Kwon has placed a $1 million wager with a renowned crypto trader on whether LUNA will be trading above $88 by this time next year.…
The Terra (LUNA) ecosystem has a market cap of approximately $36.5 billion, which has reciprocated to the market dominance of approximately 2 percent. The asset has gained around 773 percent,…
Terra, through the Luna Foundation Guard, has raised $1 billion to develop Bitcoin-denominated forex reserved for its native stablecoin, UST. The foundation says other than the stablecoin’s algorithmic nature, the…
Terra has landed a deal that will see it become the official sponsor of MLB franchise, the Washington Nationals, for the next five years. Elsewhere, Bitstamp exchange will sponsor Immortals,…
Terra has established a non-profit known as the LUNA Foundation Guard (LFG) to maintain stablecoin peg stability and fund Terra’s DeFi projects. Following the news, LUNA has seen a positive…