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Blockchain protocol Terra’s members of staff have reportedly been banned from leaving the South Korean nation due to a legal departure prohibition imposed on major innovators of the project. According to Korea JTBC's Monday news, an investigatory division of the Seoul South Area Attorney's Office
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Bitcoin, the largest cryptocurrency based on market capitalization, has climbed by 5% in the last 24 hours. Bitcoin slightly climbed to $32,000 as the market continues to recover from the crash of LUNA, Terra’s native coin and UST, Terra’s stablecoin. At the time of writing, Bitcoin currently
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The legal team of Terraform Labs have resigned following the infamous 99.9% crash of LUNA, the native token of the Terra blockchain and de-pegging of UST, Terra’s stablecoin. The Block had reported that the council members all stopped working this month as suggested by their LinkedIn profiles. Those
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OKX, a notable cryptocurrency exchange has removed margin and borrowing services for Terra ecosystem tokens such as Anchor (ANC), Mirror (MIR), Luna (LUNA), and TerraUSD stablecoin (UST). Confirming the development to CoinDesk, the exchange said it will terminate the exchange-traded UST market for Bitcoin, Avalanche, Solana, and Ether today at
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Bitcoin, the largest cryptocurrency based on market capitalization, has recovered slightly after gaining over 9% in the last 24 hours. The past week saw Bitcoin have a 5-day straight fall to as low as $24k. However, its price climbed to $30k in the early hours of Thursday and at the
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It has been a week of free fall for LUNA, the native token of the Terra network, as it lost up to 99.7% of its value. The coin is down from $62 at the beginning of the week and $120 in mid-April. This change in market dynamics has also
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The recent de-pegging of TerraUSD (UST) from the dollar raised eyebrows among investors in the crypto community, with many questioning the stability of algorithmic stablecoins. The price UST fell to 22 cents up from $1.00 amid massive sell-offs. Similarly, Terra’s native token LUNA lost up to 99% of
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TerraUSD (UST) stablecoin, over the weekend, slightly lost its dollar peg and fell to $0.98 as against the usual $1.00. It, however, bounced back on Sunday. Similarly, its native token (LUNA) plunged by almost 20% after its co-founder Do Kwon launched an FUD - fear, uncertainty and doubt-
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Terra’s LUNA has emerged one of the biggest gainers in the cryptocurrency market after its price surged 17% in the past 24 hours. LUNA traded as high as $92.07 in the Asian hours of Tuesday. LUNA, the governance token of money market protocol Terra, pushed past the $80-$
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Tether (USDT), the largest stablecoin based on market capitalization has crossed the $80 billion valuation. This comes after monthly statistics showed a 2% valuation increase this month. While the entire stablecoin economy now stands at over $187 billion as of March 15, 2022, Tether's valuation represents 42.78%