The New LUNA price varied from $3.63 to $19.54 in just 2 days. The Terra community is disappointed with the idea of a new stablecoin. The comforting point for many old Luna investors was the fact that the new Terra blockchain doesn’t include any stablecoin which they believe have pulled
South Korea’s charities and contribution campaigns may take a hit as digital currencies are not included in the country’s recently revised donation laws. According to Kyunghyang Shinmun, a local media site, the Ministry of Public Administration said on May 5 that they had submitted modifications to South Korea’s “Donations Act”
In a time when the cryptocurrency sector is facing regulatory hurdles elsewhere, notably in the United States, South Korea enacted its first independent virtual asset law on Friday. The purpose of the bill is to strengthen crypto regulation and shield investors against mishaps like Terra-LUNA, which was precipitated by Terra
Since being of 2023, the global crypto market witnessing a bullish trend. As the prolonged bearish cryptocurrency, League Of Kingdoms’ governance token LOKA, trading with the fifth week of ‘green candle’. At the time of writing, LOKA traded at $0.930328, with a price surge of over 70% in the last
The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million. According to CNBC, a
The organization has identified 16 service providers. Local exchanges’ offices were raided last month as part of an inquiry. More than a dozen cryptocurrency exchanges risk losing clients in South Korea as officials crack down on international companies they allege are operating illegally in the country. According to a news
Segregation between centralized stablecoin and algorithm stablecoin. Stablecoins become harder to manage as they grow larger. Paolo Ardoino, CTO of Tether and Bitfinex, participated in a podcast by Reimagine, Web3 events & Media company,on May 17th, where he made few comments about stablecoins. Especially about Terra UST, the initiation behind
Dogecoin’s inventor isn’t holding back in his criticism of rogue cryptocurrency projects. Billy strongly urged investors to do their research and not rely on hyped YouTube videos. Cryptocurrencies remain divisive, even after years of development; some hail them as blessed while others call them evil. Their most appropriate term is
Terra is experiencing a bullish rally for the past few days and continues the upward momentum. It has already surpassed the performance of Cardano and Solana while capturing the 7th rank by market capitalization. The value of the native token LUNA has surged from $24 to nearly $100 within the
Terraform Labs has received the green light from a U.S. bankruptcy court to begin winding down its operations following the resolution of a prolonged legal case with the U.S. Securities and Exchange Commission (SEC), according to reports from September 19. The U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan,
