Tag: Terra

Terra Classic Soars as Binance Appeases Crypto’s Lunatics

Key Takeaways Terra Classic's LUNC token is up 35% today. The surge follows an announcement from Binance, detailing a plan to burn LUNC trading fees. Terra Classic introduced a 1.2% burn tax on September...

Terra Plummets as Do Kwon Faces Arrest in South Korea

Key Takeaways A Seoul court has issued an arrest warrant for Terra co-founder Do Kwon. In response, the Terra blockchain's native LUNA token has crashed over 33%. LUNC is also down over 20%. Kwon...

FatMan Terra reveals inner workings of alleged DOCK pump and dump scheme

FatMan Terra, in a Twitter thread, revealed how an unnamed “friend” pumped Dock (DOCK) via billboard advertisements and a BitBoy Crypto video.Thought it would be fun to share a story from last year where...

Seven Wallets May Have Caused Terra Meltdown: Nansen

Key Takeaways A new report by Nansen claims seven wallets triggered the UST depeg. The relative lack of liquidity in the Curve pools securing UST to other stablecoins could have initiated its price destabilization. Nansen pushes...

Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST – Featured Bitcoin News

Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform...

The Crypto Whales That Backed Terra Before It Imploded

Key Takeaways Terra collapsed in dramatic fashion this week after its UST stablecoin lost its peg to the dollar, sending LUNA into a death spiral. Many of the top venture capital firms in the...

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