Crypto News in 60 Seconds
May 15, 2022
Terra’s (LUNA) trading volume has increased by 200 percent as the market adjusts to the death spiral. Despite the hazards, Terra’s ‘crazy volatility’ remains an appealing market for many short-term investors, owing mostly to LUNA’s 600% rise in value on May 14. It just took seven days for the Terra (LUNA) ecosystem to collapse, […]
Binance CEO CZ will assist the Terra community, but he expects greater openness. CZ stated that “minting and forking don’t produce value,” referring to the possible concerns with forking Terra. Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, publicly questioned the concept of hard forking the Terra blockchain to revitalize the once-thriving LUNA and […]
May 13, 2022
‘A Dark Day for Crypto’ – An In-Depth Look at the Destroyed Terra Token Ecosystem and Damaged Apps People became concerned about the Terra-based stablecoin terrausd (UST) five days ago when it deviated slightly from the $1 parity. At the time, rumours and conjecture about Terra’s stablecoin collapsing spread like wildfire. Do Kwon, […]
May 12, 2022
The Terra-Based DeFi Protocol Anchor proposes lowering UST yield rates to 4%. As the Terra ecosystem explores steps to safeguard UST’s peg with US dollars, participants in the Terra-based decentralized finance (DeFi) protocol Anchor have advocated decreasing terraced (UST) rates to an average of 4% from the current 19.5 percent. “Reduce minimum interest rates to […]
May 10, 2022
Investors Flee Terra Anchor as UST Stablecoin Repeatedly Loses $1 Peg Anchor, the Terra blockchain-based yield-generating protocol, has had $5 billion in deposits, or more than a third of the total, disappear over the last few days, in what amounts to a crypto-style bank run on one of the blockchain industry’s most popular initiatives. Deposits […]
May 8, 2022
Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase. Terra’s determination to stock its coffers with Bitcoin has been reinforced yet again with a $1.5 billion purchase. This is the result of the project’s vow to purchase more than $10 billion in […]
April 15, 2022
Terraform Labs obtained another $880M for Luna Foundation After obtaining a $1.1B donation in March, the Luna Foundation obtained another 880M LUNA tokens from Terraform Labs. Terra blockchain developer Terraform Labs or TFL has granted the Luna Foundation Guard 10M LUNA cost around $820M at recent prices. The Luna Foundation Guard or LFG is a […]
April 7, 2022
UST staking goes live on Binance, Anchor stocks fall Profits from Terra’s flagship savings protocol will be available to more than 30M users on Binance. On Wednesday, centralized digital currency exchange Binance inaugurated its new TerraUSD (UST) risking program. Although Binance did not appoint the underlying decentralized finance strategy accountable for the staking rewards. Do […]
April 1, 2022
Terra founder discloses things that will happen to UST if BTC cost crashes Do Kwon said to Laura Shin on her Unchained podcast that he is chancing on the long-term development of the BTC rate and is not anxious about short-term volatility? Do Kwon, Terraform Labs CEO, has agreed that a crash in the cost […]
March 12, 2022
Do Kwon is the CEO as well as founder of Terraform Labs or TFL, which formulates the blockchain ecosystem including Terra Luna (LUNA) and the TerraUSD stablecoin (UST), declared that TFL had provided 12 million LUNA to the Luna Foundation Guard or LFG. In January, LFG was inaugurated to accumulate the Terra ecosystem and enhance […]
