TerraUSD’s failure has shattered the hopes of algorithmic stablecoins. Co-founder of Tether and Ethereum says the structure of UST is defective. The issuer of USDC states that the UST structure is a very high-risk foundation for a stablecoin. The recent market crash of the crypto industry has devastated the hopes
The Terra team’s action has received widespread support from many exchanges. LUNA has difficulty dealing with the entire tragedy and the subsequent occurrences. According to the crypto community members, the distribution of airdrop tokens was lopsided. There was a difficulty with the dispersal of airdrops, and the Terra team acknowledged
Terra’s (Terra 2.0) new blockchain went live on May 28 and the network has been updated with the chain-id Phoenix-1. The open price of LUNA was $18.98 and the trading volume was $281,599,801. But since the re-launch of the new Terra network coin LUNA has dropped by over 69% within
The past two weeks have seen an extreme bear market in the history of crypto. Terra (LUNA) has once ranked among the 10 most valuable cryptocurrencies in the market and had an all time high at the price of $119.5. By May 11, however, the price of the asset had
As a matter of fact, the crypto fever started earlier this month and the panic level raised among the entire crypto market. Being in this state, $LUNA – a popular crypto token which was waving its flag high, suddenly dropped down hitting to the lowest at $0. As soon as
The South Korean government launches an extreme investigation on Terraform Labs. Proper and more constrained regulations to be announced soon. Refrains South Korean crypto exchanges from trading LUNA and UST. Terraform Labs has been the talk of the crypto world, with its two tokens, the LUNA and the UST, a
The Terra LUNA and UST dead down to $0, obviously could be the most highlighted tragedy upon the crypto industry for the year 2022. Many who were rich, came down crumbling. The Bitcoin (BTC) being tragically falling below $30K, waved the entire crypto industry too. Both from the stables of
OKX saves millions for its users. OKX risk protection system comes into action. Promotes as the only crypto exchange to do so. The still persistent market crash not only brought the Bitcoin (BTC) to lows, but a tragic event, witnessing the dead fall of the LUNA and the Terra UST.
LTC brings out new privacy protocol updates. Exchanges worried over the new update. LTC may face the same fate as that of LUNA. Usually, a token gets an update to upgrade itself, specializing it more for the users. More the users and circulation, more will be the value of that
The crypto market has already entered a gloomy phase. From its all-time high (ATH) of $3 trillion, it has lost more than half of its volume. At the time of writing, the market capitalization was $1.25 trillion. Not only crypto world facing the winter season the traditional market also dipping
