Sun, November 17

Can Terra Classic (LUNC) Erase the Dreadful Past?

From its autumn high of roughly $110, Luna’s value plummeted to nothing. A resumption of the strong downturn is possible if the RSI breaks beyond 60. During recent times, Terra Luna Classic (LUNC) has been roaring. The token saw a 23.4% increase in anticipation of the upgrade on Aug 26,

August 29, 2022 2 mins read

Terra Crash Pushed TVL Nose Dive in DeFi Protocols

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,

August 29, 2022 1 min read

Terra Community Strongly Backing 1.2 Tax Burns After Update

Burning newly-issued money made its way through the community. LUNC validators, had approved a proposal to update Terra to version 0.5.22. Upon the network’s demise, Terra underwent a radical metamorphosis. There are currently two networks available, Terra 2.0 (LUNA) and Terra Classic (LUNC). However, many crypto enthusiasts believe the coin

August 28, 2022 1 min read

Terra LUNC Price Surges 13% Amid Massive Burn and Upgrade

Members of the Terra Classic community have reportedly burnt 3.08 billion tokens. The upgrade was scheduled for around 2022-08-26 at 22:00 UTC. Since the community burn campaign has grown, the value of LUNC has increased by 13%. Luna Classic (LUNC) and UST Classic (USTC), two tokens in the Terra ecosystem,

August 27, 2022 2 mins read

Crypto Lending Platform Hodlnaut Fires 80% of Working Staff

Hodlnaut had $187 million in TerraUSD before it crashed to $0. The company reiterated that it had not placed any assets with Celsius. Hodlnaut, a cryptocurrency lending platform, froze withdrawals, token swaps, and deposits on August 8 citing market circumstances.  The troubled company seeks Singapore creditor protection on Tuesday to

August 20, 2022 2 mins read

Venture Capital ‘Hashed’ Lost Over $3 Billion Following Terra Crash

The firm bought 30 million LUNA in Terra early on and ended up losing. At its peak, the 30 million tokens bought by Hashed were valued around $3.6 billion. Hashed had a $3 billion loss on the Terra investment, according to new information from Bloomberg. According to Simon Seojoon Kim,

August 3, 2022 2 mins read

Do Kwon Is Obliged To Enter South Korea: Country’s Prosecutors Commands

South Korea’s Ministry of Justice banned the officials of Terra from leaving the country. Do Kwon is issued notice to enter the country, who now lives in Singapore. The fall of UST initiated the bearish rally of the crypto market.  Following the Crashdown of Terra(LUNA), the entire market dipped down

July 27, 2022 2 mins read

Multiple Lawsuits Filed Against TerraForm Labs and Accomplices

Class action complaint was filed by Bragar Eagel & Squire PC against the defendants. South Korean authorities raided 15 crypto firms and exchanges. Multiple cases have been filed against TerraForm Labs and its founder Do Kwon, the head of research Nicholas Platias, and linked companies that defrauded billions of dollars

July 25, 2022 2 mins read

More Than 236,000 Bitcoin (BTC) Sold by Large Firms Since May

More than 19k BTC was traded by public miners following market deterioration. This week, the cryptocurrency industry surged past $1 trillion in market capitalization. Since May, major institutions have sold at least 236,237 BTC, according to Arcane Research analyst Vetle Lunde in a tweet on Thursday. For the first step,

July 24, 2022 1 min read

Crypto Exchanges Raided in Connection With Terra Investigation

Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether

July 22, 2022 2 mins read