Chainalysis Finds 150M UST Withdrawal from Curve Pool Triggered Chain Reaction
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 …
New LUNA Coin Surges While Terra Controversy Escalates Read More »
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 …
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 …
Terra Founder Faces Government Investigations, Lawsuits, and $78M Fine for Tax Evasion Read More »
The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.
Terra’s UST collapse has shattered the foundations of the algorithmic stablecoin market.
Data Indicates Bots Made Off With Huge Sum on Arbitrum
Terra Stops and Starts to Salvage Network.
This week may have been the one of the worst weeks in crypto’s history. The fall of UST/LUNA not only impacted Terra, but also dragged the whole industry down with it. Will this mark the beginning of crypto winter? Only time will tell.
The Terra blockchain was halted to deploy an emergency upgrade intended to forestall governance attacks.
Terra Struggling to Stabilize Crisis as Investors Flee
It’s been less than 24 hours and things have changed, for the worse. UST went as low as 22 cents, Luna goes under 1 dollar, Do Kwon announced a recovery plan, and team Azuki is on the move.
Terra Draws the Ire of Crypto Community as Regulators Circle
“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. …
The UST Depeg and Luna Crash + Azuki Founder Confession Read More »
LUNA’s Collapse May Consign UST to Long List of Failed Algo Stablecoins
Avalanche Also Plunges as Bears Chomp on Crypto
Terra’s stablecoin UST, the poster child for decentralized assets tied to the US dollar, is off its peg by the most ever as its backbone, the LUNA token, dives.
Do Kwon Has Company in the $10B Stablecoin Chase
Today we’re going back to basics. If you’re keen about crypto and don’t know where to begin, this will be your comprehensive guide to get started.
Crypto Recorded a Quiet Week as NFTs Continue to Party
Will 4pool Muster the Liquidity to Maintain Stability?
Waves’ high flying token and stablecoin have crashed after peaking on March 31.
A $10B Bitcoin Treasury Has All the Hallmarks of a Game Changer
DEXs are moving in recent market action.
Terra’s founder and a leading critic are squaring off with a $1M bet on LUNA.
A new proposal to limit yield payouts has divided the Anchor community.
Terra and Fantom have rebounded in the last seven days but overall DeFi TVL’s uptick is modest.
