{"id":122,"count":36,"description":"<p style=\"text-align: justify\">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.<\/p>\r\n<p style=\"text-align: justify\">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.<\/p>\r\n<p style=\"text-align: justify\">LUNA was renamed LUNC (LUNA Classic) in an attempt to revive the project, although it was never able to return to its former glory.<\/p>\r\n<p style=\"text-align: justify\">In this section, you will find all the news about LUNA and LUNC, which still has many investors who support it.<\/p>","link":"https:\/\/crypto-economy.com\/cryptocurrencies\/luna-news\/","name":"LUNA News","slug":"luna-news","taxonomy":"category","parent":70,"meta":[],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories\/122"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/taxonomies\/category"}],"up":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories\/70"}],"wp:post_type":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts?categories=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}