Terra CEO Do Kwon Says He Doesn’t Care about Money Enough to Steal $3 Billion
Do Kwon, The chief of Terra, has received a lot of media attention recently. South Korean authorities are working to investigate Terra Luna’s downfall, while the leader of Terra, Kwon himself, also faces charges of money laundering and tax evasion. Fatman has accused Do Kwon of cashing out $2.7 billion a few months before the […]
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy […]
Do Kwon Allegedly Launders $80 Million in a Month, SEC Court Investigates Terra’s Downfall
Trouble seems to follow Do Kwon everywhere, even in Singapore, where the new Terraform Labs headquarters are located. The previous home, South Korea, is already investigating if CEO Do Kwon knew beforehand about the breakdown of Terra (UST) and Terra (LUNA), as he dissolved the company a couple of days before the notorious crash happened. […]
Binance CEO Calls Terra Luna & UST Mechanism “Stupid”
In a recent blog post, Binance CEO Changpeng “CZ” Zhao expressed his thoughts on the infamous and turbulent crash of Terra Luna & UST. As part of the breakdown, CZ remarked that every aspect of Terra’s revival plan is flawed in some way. Changpeng Zhao Points Out Flaws in the Core System According to the […]
South Korean Authorities Issue Warning to Not Wager on LUNA’s Comeback
The crypto community in South Korea has seen a recent surge in the purchase of Terra (LUNA). The infamous case of Terra has been making waves for the past couple of weeks, and the rush to buy LUNA mostly comes from overly optimistic crypto enthusiasts who believe that they have “nothing to lose”. South Koreans […]
Huge Terra Supporter Pantera Capital Cashed Out 80% Prior to LUNA Crash
Even though the recent crash of Luna shook up the crypto world, not everybody is in the red during this burdensome period. Pantera Capital, a venture capital company that has backed Terra for a long time prior to the crash, managed to not only cash out 80%, but also make a massive profit. Let’s break […]
Crypto.com Reverses LUNA Trades Made on Friday 13th Glitch
Last weekend has left a lot of Crypto.com users confused, when the mobile app all of a sudden started displaying prices way above the actual market price. An internal system tool detected incorrect prices for LUNA and some customers were able to exploit it into 30-40x profits. A lot of noise on this, so let […]
Terra Switched Off Indefinitely, LUNA & UST Barely Alive
Terra has officially suspended block production as of 21:58 EST on Thursday, May 12th. Prior to the decision, Terra had managed to restart the blockchain network at 13:45 EST on Thursday afternoon, but the revival didn’t last. The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up […]
Bitcoin price sees ‘hell of a reversal candle’ as 168,000 BTC leaves exchanges
Nothing keeps a Bitcoin bull down for long, and now, BTC price action is back above $30,000 after 24-hour gains of 30%.This post was originally published on this site
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs […]