Terra
Two Traders Targeting 3Pool Poleaxed Terra: Report
Chainalysis Finds 150M UST Withdrawal from Curve Pool Triggered Chain Reaction
Algorand Woos LUNAtics with New Fund and Migration Tool
Algorand is incentivizing Terra developers to migrate to its blockchain.
Do Kwon’s Folly – Dai Was Never Going to Die. Here’s Why
“Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral vault.”
Crypto Lender Celsius Partly Responsible for Terra Collapse, Says Nansen
Using on-chain data, Nansen traced seven power users who may have triggered the depeg when they rushed to sell huge amounts of UST on Curve.
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…
Forked Terra Blockchain To Launch On Friday
Terra is forking its blockchain and ditching UST, the algorithmic stablecoin that collapsed in dramatic fashion two weeks ago.
Latest on Terra
GM, Good monday to one and all. Are we in a bear market? Yes, we are and we have been for some time already. The truth is the bottom most likely hasn’t happened yet. I would expect that to be much closer to the previous ATH of 20k. And that will hurt. Details on losses…
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…
Terra Classic, What the Fork?
Tuesday, normally a day for a tutorial but as you know, there’s only one story we’re concerned about right now and it’s the ongoing saga of whether anything of Luna or UST or Terra in general can be salvaged from all this. ‘Terra is more than $UST’ says Do Kwon. But is he right?
