luna
Korean Prosecutors Consulting if LUNA Classified "Security"
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).
UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco.
Crypto Social Activities Hit ATH with Over 6.9 Billion Engagements amid FTX Crisis
The unfolding FTX saga has made social engagement, social mentions, and social contributions reach historic highs in the crypto market, according to social intelligence company LunarCrush.
Plan to Reboot Terra Ecosystem as Terra 2.0 Wins Approval
The proposal to revive the troubled Terra network as Terra 2.0 got the green light from the community. Nevertheless, the controversial algorithmic UST stablecoin will not be part of the rebirth.
Seoul Court Issues Arrest Warrant for Do Kwon and 5 Others
Do Kwon and five others have allegedly violated the nation's capital markets law and have been issued a warrant from the court in Seoul. LUNA and LUNC both collapsed after the arrest warrant was issued.
SEC Collaborates with South Korea in Probing Terraform Labs and Do Kwon
The US SEC has approved collaboration with South Korea to investigate Terraform Labs and co-founders Daniel Shin and Do Kwon. The investigation focuses on Chai Corporation's use of the Terra blockchain and its relationship statements with Terraform. Shin is charged with fraud, while Kwon faces investigations in both the US and South Korea.
Luna Foundation Says Plans to Repay Terra Investors Thwarted by Litigation Woes
The plans to compensate affected Terra users is still far from reality.
Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned
Binance's recent burning of 5.57 billion Terra Luna Classic tokens has significantly reduced LUNC supply, leading to a 7% increase in LUNC and USTC prices.
Singaporean Police Force Claims Do Kwon is Not in Singapore
The Singapore Police force has made it known that Kwon is not in Singapore. This statement comes after a Spokesperson claimed that Kwon and five other individuals were issued an arrest warrant and were hiding in Singapore to avoid arrest
Upbit Announces Next LUNA2 Airdrop for LUNC Holders
Upbit, a Singapore-based cryptocurrency exchange, plans to launch a LUNA2 airdrop targeting LUNC holders, marking a significant milestone in the rebranding process. The airdrop will be distributed staggered over 24 months, with LUNC holders receiving an extra 30% of the initial airdrop.
South Korea seizes $104M from Terra's co-founder on unjust earnings.
South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin's asset worth over $104 million was approved by the Seoul Southern District Court. The claim related to Shin's involvement in selling pre-issued Terra tokens to unwary investors.
OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders
OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties.
SBF Denies Insolvency Rumours of FTX, FTT Token Slumps Over 6% during Intraday
FTX CEO Sam Bankman-Fried retreated his crypto exchange and assets are fine, trying to boost confidence to his investors, as speculation mounted over the weekend about the solvency of the exchange.
LUNA Do Kwon's Trial Postponement Request Amid Extradition Delays
Terraform Labs co-founder Do Kwon requests postponement of his U.S. trial, scheduled for January 29th, to mid-March due to extradition challenges in Montenegro. The SEC filed fraud charges against Kwon in February 2023, related to the collapse of TerraUSD and LUNA tokens.
Tether CTO Paolo Ardoino Dispels USDT Market Fear Amidst Rising Deposits in Curve 3Pool
Paolo Ardoino, CTO of Tether and Bitfinex, has responded to growing fears in the crypto market with an assertive tweet stating, "Markets are edgy in these days, so it's easy for attackers to capitalize on this general sentiment. But at Tether we're ready as always. Let them come. We're ready to redeem any amount."
South Korean Court Clears Former Terraform Labs CEO of Security Violations
A South Korean court dismissed charges of security violations against former Terraform Labs CEO Hyun-seong Shin, ruling that LUNA is not a security under the country's Capital Markets Act. The court rejected the prosecution's appeal for confiscation of Shin's properties and arrest, and stated that Luna is not a financial investment product regulated by the act. However, the prosecution has appealed to the Supreme Court against the verdict of the lower district court.
Terraform Labs (Luna) Co-Founder Pleads US Court to Dismiss SEC's Fraud Allegations
Terraform Labs and co-founder Do Kwon are defending against fraud and securities allegations by the U.S. SEC, arguing their cryptocurrencies are not securities, amidst a wider legal battle between crypto firms and regulators following the Terra ecosystem's $40 billion downfall in 2022.
LUNA 2.0 Debut Experiences Hiccups as Price Plummets, Will Trust Remain Robust?
After Terra 2.0 successfully went live on May 28, LUNA 2.0 has been on a rocky start based on a sharp price decline.
Tether Regains $1 Peg
Tether (USDT) has regained its 1-to-1 peg with the dollar after briefly dropping to 94.55 cents, its lowest since December 2020.
South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.
Nordic Neobank Lunar Raises $77M Funding Round, Launching Crypto Trading Platform
Lunar strives to offer more convenient, empathic and engaging banking alternative services to both private and business customers.
Opinion: Terra – A lesson learnt for trading platforms?
The events related to the Terra and Luna collapse highlight why trading platforms need to provide clarity and education for their users. With tighter regulations looming, demonstrating responsibility and a commitment to consumer protection is vital if trading platforms are to thrive.
Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight.
Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
Bitcoin nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone.
Do Kwon Tweets "Not on the Run", Willing to Disclose Location
Terraform Labs' founder claimed that he is not on the run but in "full cooperation" with government agencies interested in communicating.
Luna Foundation Guard Details About Depleted Reserve
The Terra blockchain as we know it has come to its end and post mortem analysis from the Luna Foundation Guard (LFG) shows the not-for-profit organization has almost used up its reserve as confirmed in a tweet shared early on Monday
Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.
Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation
The Avalanche indicates that Luna Foundation Guard (LFG) has no plans to sell the AVAX tokens in its treasury.
Terra Erases 12 Months Bullish Gains with 94% Drop in Value
The Terra community is almost in disarray as the ecosystem’s two flagship tokens including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen.
Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation
In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.
LUNA Charts a Bullish Course as Crypto Markets Opens Monday With Gains
Amidst this re-awakening, here is an insight into what the coming week may hold for LUNA ahead of the likely protocol forking.
Terra Resumes after Halting Blockchain Production to Prevent Governance Attacks
Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting later.
Venture Capital Firms Reportedly Cashed Out in advance before LUNA Crash
The collapse of Terra Classic (LUNC) - the name of the old Terra chain and token - may come as a shock to many, but quite a number of venture capital firms or backers cashed out before the protocol was attacked.
Terra Founder Do Kwon Agrees to $1M Bet on the Future Price of LUNA
Do Kwon has just accepted a $1 million bet from a Twitter user named Sensei Algod, a self-proclaimed semi-retired degen who believes the price of LUNA is going to be much lower by this time next year.
South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder.
Terra Co-Founders to Face Fraud Charges in South Korea
As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against Terra CEOs Do Kwon and Daniel Shin for alleged fraud.
Prosecutors Raid Crypto Exchanges amid Terra Probe: Report
South Korean regulators have reportedly raided entities that are connected with Terraform Labs as another effort in the ongoing investigation of the case.
Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
South Korean Prosecutors are investigating Do Kwon if they will file Ponzi fraud charges against him following the Terra crash.
Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox
According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.
Report on Kwon's Escape to Dubai in Sept is True: Korean Prosecutors
Prosecutors in Seoul have said that a report about crypto fugitive Do Kwon's departure from Singapore to Dubai in September is true. They added that his travel to Dubai is likely a stopover to another destination.
Binance.US Sued for Selling Unregistered LUNA Securities
Binance.US has been sued in a class-action lawsuit for the sale of unregistered security tokens from the Terra blockchain protocol.
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.
BitMEX Lists Luna 2.0, ETH Margin and Settlement Options
BitMEX users are now able to trade ETH options and USDT-margined Terra Luna 2.0 contracts, all with up to 25x leverage.
SBF Suggests LUNA's Collapse Different to Theranos, but Questioning its Marketing Strategy
FTX Derivatives Exchange’s billionaire CEO Sam Bankman-Fried has faulted the marketing strategies of Terra blockchain to gain acceptance from the public.
Experts Suggest Merely Tokens Might Survive after LUNA's Collapse
Major market players have explained the key to the future of cryptocurrencies. However, some of them suggest only merely tokens might survive after LUNA's event , taking reference to the bubble outbreak of Dot-Com's collapse.
IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
In response to the recent crash of the LUNA collapse, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva questioned the risk of stablecoins, calling it a ‘Pyramid’ scheme.
LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (CZ).
Changpeng Zhao Clarifies Binance's Investment in Collapsed Terra
Changpeng Zhao has come out to clarify the investments the trading platform has in the Terra ecosystem in what appears as a response to false claims going around on Twitter.
Behind the Bitcoin Price Rally: FOMO Buying Which Overpowered Profit Takers
Woo’s model suggested that the estimation of Bitcoin reaching $100,000 is a very low target according to the current trajectory.
Bitcoin Eyes $50,000 in the Long Term as Its Battle with Gold for Best Safe-Haven Asset Continues
Crypto exchange Luno and brokerage OSL believe that Bitcoin is still in the right trajectory and is set to hit $50,000 in the long term.
Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners
The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus.
CME to Close Trading Floor on Friday as Coronavirus Prevention Measure
CME Group plans to close its trading floor in Chicago due to fears of further spreading the coronavirus, the influenza outbreak that has sent global stock markets falling.
Wuhan Coronavirus Outbreak Could Cause Potential Disruption to the Crypto Market
Since the coronavirus patient was identified on Dec. 8, 2019, in Wuhan, the capital of Hubei province in China, the virus has since claimed at least 100 lives. According to crypto research firm Chainalysis, China has the status as a crypto investment hub, as it houses the most crypto exchanges in the Asia-Pacific region, which has 40 percent of the world’s top 50 exchanges.
Looking For a Data Scientist: Is NASA Interested in Launching a New Cryptocurrency?
A few days ago, NASA advertised the position of data scientist with emphasis on cryptocurrency experience on LinkedIn platform. The move has stirred much speculation on whether the agency is intending to launch its own cryptocurrency. But let’s find out.
Post-Halving Prediction: Bitcoin Price Hitting $20,000 Only a Matter of Time
With the much-anticipated Bitcoin halving just around the corner, pundits, investors, and traders are keeping a keen eye on this event because mining rewards will be slashed from 12.5 BTC to 6.25 BTC. Crypto trader TheMoonCarl tweeted that the number of non-zero Bitcoin addresses had smashed the 30 million figure. As a result, he believes that the all-time high Price of BTC of $20,000 will be broken.
Ether Price Keeps Rising to ATH, What’s Fueling the Ethereum Surge?
Ethereum keeps rising higher hitting a new all-time high of $1,689 according to CoinMarketCap. Where will Ether go from here and what’s fueling the surge?
ACCESS Becomes World’s First Organization to Deploy Blockchain Voting in Annual General Meeting
The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS), a non-profit organization for the cryptocurrency and blockchain sector in Singapore, has set the ball rolling as the first institution across the globe to utilize blockchain technology for an Annual General Meeting (AGM).
The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China
The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes.
China to Dominate Global Tech Standards? Expert says “It Would be Tough”
China announced a new 15-year blueprint as part of the country’s global technology push, to set the global standards for the next-generation of technologies, including blockchain.
CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers
In a survey conducted by The Economist and Crypto.com, it found that consumers generally had more trust in central bank digital currencies (CBDCs), rather than decentralized cryptocurrencies.