Luna Foundation Guard Discloses Usage of Bitcoin Reserves
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…
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Do Kwon Says Terra Could Fork Into Two Blockchains
Terraform Labs CEO Do Kwon has announced a second revival plan for the failing Terra ecosystem in a Twitter thread. Do Kwon Announces Revival Plan Do Kwon is not ready...
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
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…
Do Kwon proposes Terra hard fork to save ecosystem
Terraform Labs will put the proposal up for a governance vote on May 18 Asia time.
Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence
The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers.
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year
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,…
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First
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…
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers…
Vitalik: Terra should protect the smallholders, not the whales
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers.
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging…
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