The year 2022 has been a terrible year for the crypto market, with investors facing severe lows and the collapse of the LUNA/Terra, and the bankruptcy of significant corporations like FTX leading to the crypto facing bears, and despite all of this loss, many still have faith in the cryptocurrency
In mid May 2022, the crash of the entire Terra network created a huge impact on the crypto market. Hundreds of thousands of investors lost their hopes and faced a huge loss for being Terra holders. Further the collapse of Terra network wiped off the crypto space in the second
S. Korean authorities have conducted a search warrant at the headquarters of Chai Corporation. A payments technology firm created by Terra co-founder Daniel Shin. On Tuesday, prosecutors for Seoul Southern District in South Korea confirmed the raid. There have been rumors that the company’s debut of its Terra payment services
Do Kwon denied allegations regarding the freezing of the $67 million fund. Terra’s founder continuously says he is not on the run from law enforcement. The “wanted” Terraform Labs founder, Do Kwon accepts full responsibility for Terra’s demise. In a recent interview, Do Kwon addressed the Terra collapse and the
The native coin of the Terra ecosystem, Terra (LUNA), witnessed a more than 20% price surge in the last 24 hours. After attaining an all-time low at the end of August, LUNA’s price increased by over 88% today. Terra (LUNA) was airdropped on May 28 in anticipation of Terra Classic
To avoid further damage, TerraForm Labs deactivated the exchanges between LUNC and USTC. Burning 1.2% of tax will help the exchange to the first step toward making the asset deflationary. In a post Terra Classic community members Edward Kim and Alex Forshaw have revealed a rough roadmap of the community-driven
At the time of writing, the price of LUNC was $0.0003, down 17% in the previous 24 hours. Today, at 9:00 a.m., it is trading at $0.0003559, quite bullish, with one target of 0.001 before the LUNC burn. Nowadays Terra Classic (LUNC) is trending. As people have thought that the
Terra (LUNA), with a gain of 209.48%, is the top gainer. The top 5 gainers have seen their prices rise today. The top 5 cryptocurrencies of the day are Terra (LUNA), Ravencoin (RVN), STEPN (GMT), yearn. finance (YFI) and Stellar (XLM). Terra (LUNA) Terra, a blockchain ecosystem founded by Terraform
Risk Harbor and Astroport (ASTRO), dropped by more than 93% and 99%. Over $31 billion has been lost in these protocols since then. Investors’ worst fears had come true with LUNA’s demise, as the whole cryptocurrency ecosystem took a severe hit. While the LUNA tragedy had received the most attention,
Public Bitcoin miners sold 4,456 BTC in May alone. 3AC owes lenders 18,193 BTC and the equivalent of 22,054 BTC in GBTC. Since May 10, the largest institutions have sold up to 236,237 Bitcoin (BTC), worth $5.541 billion at the time of writing, some often as a result of forced
