LUNA

TerraRoundup

New LUNA Coin Surges While Terra Controversy Escalates

The Terra token has approximately doubled in price two days after its launch, even as controversy surrounding Terra and the activities of its founders continues to grow.  Terra airdropped Terra 2.0’s LUNA to holders of the network tokens of the fallen Terra Classic chain – what’s now known as Luna Classic (LUNC), and the network’s …

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New Terra Launches LUNA Dumps LUNC Pumps

New Terra Launches – LUNA Dumps, LUNC Pumps

It’s been a traumatic couple of weeks in crypto and the drama continued last week with the Ethereum beacon chain suffering a 7 block reorg when some but not all nodes failed to upgrade the validator software in time. The market reacted as expected with Eth selling off violently down to the low 1700s before …

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Terra Update

Terra Founder Faces Government Investigations, Lawsuits, and $78M Fine for Tax Evasion

South Korean authorities have formed an emergency financial crimes unit to investigate the collapse of stablecoin protocol Terra, and fined the protocol’s founder, Do Kwon, $78M for tax evasion, local media reported. The government agencies want to understand why UST, Terra’s US dollar stablecoin, lost its peg on May 9. The crash wiped $18 billion …

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The UST Depeg and Luna Crash Azuki Founder Confession

The UST Depeg and Luna Crash + Azuki Founder Confession

“You could listen to influensooors about UST depegging for the 69th time, or you could remember they’re all now poor, and go for a run instead, wyd?” This was Do Kwon’s tweet a day before UST lost its peg down and plummeted to a scarcely believable 60 cents. This is a stablecoin we’re talking about. …

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