Luna Foundation Guard Talks About the Status of Their Reserves and How to Compensate for the Losses of Users
Over the past ten days, Terra has remained in the headlines for all the wrong reasons. The crashing of LUNA and UST, along with the halting
LUNA News (Latest Publications)
Terra (LUNA) was a cryptocurrency developed by Do Kwon and his company Terra Labs. With this, they intended to create an ecosystem for DeFi applications powered by LUNA and its algorithmic stablecoin UST.
However, in May 2022, LUNA lost 99.99% of its value when UST decoupled from the value of the dollar, losing investor confidence and being accused of being a fraud. In fact, Do Kwon currently has an international arrest warrant and is wanted by authorities.
LUNA was renamed LUNC (LUNA Classic) in an attempt to revive the project, although it was never able to return to its former glory.
In this section, you will find all the news about LUNA and LUNC, which still has many investors who support it.
Vitalik Buterin, Justin Sun, and CZ Support Proposal to Prioritize Small UST Wallets to Compensate for Losses
Twitter user @PerisnCapital, suggested an improvement to the state of the UST coin. The proposal has the backing of many big names in the crypto industry,
Terra (LUNA) Crash Wrecks Havoc In The Crypto Industry
In 72 frantic hours, the cryptocurrency Terra (LUNA) and its associated stablecoin TerraUSD (UST) fell more than 99 per cent amid a tumultuous global cryptocurrency market.
Asset Manager GAM Holding AG Negotiates with Terraform Labs to Back UST
The global leader in asset management, GAM Holding AG, is pleased to announce that it has entered into negotiations with Terraform Labs (Terra) to support Luna
Terra Founder’s UST Rescue Plan Fails To Stop LUNA’s Death Spiral
Terra (LUNA) mayhem continues amid Terra USD ‘de-pegging’ debacle with LUNA plunging into the abyss depreciating more than 96 per cent over the past 24 hours.
Terra (LUNA) Drops Another 90% to Below $3
Terra (LUNA), plunged more than 90 per cent in the last 24 hours amid a global cryptocurrency market crash. Terra ecosystem’s stablecoin TerraUSD is down over
What Has Happened to TerraUSD? How Can a Stablecoin Lose Its Parity With the Dollar?
TerraUSD has shown a surprising trend in the past few days losing party with US Dollar. There are many reasons behind it.
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