Terra

TerraClassicUSD (CRYPTO: USTC), the remnant of the collapsed Terra blockchain, has surged 300%  in the past week.  What Happened: The rise in investor interest follows the news that cryptocurrency exchange Binance has started offering perpetual contracts for USTC, and as details of a proposed...

TerraUSD Classic’s (CRYPTO: UST) minting will cease after a community vote on the stablecoin's governance forum. This led to a 59% vote of approval to stop all USTC mining, while 40% opposed it. The community's proposal also ends all conversion of xUST to mint USTC. Find out...

Crypto exchange giant Binance (CRYPTO: BUSD) extended support for Terra Luna (LUNC) Classic’s latest upgrade for bringing major changes to the chain. The Terra Luna Classic community collectively approved the proposal — 99.85% “Yes” votes — for the v2.2.1 core...

Terra founder Do Kwon refuted allegations of possessing a counterfeit passport during a court session in Montenegro, claiming that the Costa Rican passport in question was procured via a Singapore agency. In the court, Kwon was quoted as, “We applied for these passports through...

South Korean authorities have reportedly confiscated approximately $160 million worth of assets from eight individuals associated with the collapse of Terraform Labs (Terra) (CRYPTO: LUNA), including co-founder Daniel Shin. The Seoul Southern District Prosecutor's Office seized around 210...

Key creditors of the Singapore-based crypto lender Hodlnaut Pte have rejected a proposed restructuring plan and instead want to liquidate the company, according to a Jan. 11 filing by Hodlnaut’s court-appointed interim judicial managers, Bloomberg reported. The creditors believed their...

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...

Martin Shkreli, who became known for raising the price of a lifesaving drug by 5,000%, discussed the potential merger of the cryptocurrency exchange FTX with rival Binance Tuesday with Do Kwon, a South Korean fugitive. What Happened: “This is a depressing conversation,” Kwon said...

Terraform Labs founder Do Kwon has been accused by South Korean prosecutors of allegedly instructing one of his employees to manipulate the price of Luna Classic (CRYPTO: LUNC), formerly Terra (LUNA) token. The prosecutors used messenger interactions between Kwon and his...

Beleaguered cryptocurrency lender Hodlnaut had downplayed its exposure to the Terra ecosystem and its sister token Luna (CRYPTO: LUNC) created by fugitive Do Kwon in the run-up to and after its crash and had suffered a nearly $190 million loss as it collapsed, according to the findings of an...

Three cryptocurrency exchanges have announced to implementation of Terra Classic's proposal to reduce taxes on (CRYPTO: LUNC) and (CRYPTO:USTC) on-chain transactions. This comes hours after Binance (CRYPTO: BNB) announced that it would follow a proposal recently approved by the Terra...

Developers of the Terra stablecoin ecosystem, which includes Luna Classic (CRYPTO: LUNC), TerraUSD Classic (CRYPTO: USTC), and Luna 2.0 (CRYPTO: LUNA), proposed an expansion plan in which they would allocate 95 million LUNA ($248 million) to...

Stablecoins are usually described as the remedy to the volatility of cryptocurrencies. However, Michael S. Barr, vice chair for Supervision for the U.S. Federal Reserve is worried they could “pose a risk to the financial stability” of the country. See Also: TOP...

The Luna Foundation Guard (LFG), a non-profit organization built to support the Terra (CRYPTO: LUNA) system, has said that due to ongoing legal battles, it has not been able to pay back smallholders of its collapsed Stablecoin.  1/ Since $UST’s depeg in May, there has been understandable...

The decentralized autonomous organization (DAO) MakerDAO, which is behind the stablecoin Dai (CRYPTO: DAI), has set aside $500 million to invest in corporate and U.S. Treasury bonds. The money will come from its overcollateralized stablecoin, with 80% going to investment-grade corporate bonds and...