Cryptocurrency markets have been quite volatile since November of 2021. With the prices of various cryptocurrencies rising drastically over Q4 2021 and continuing their bearish momentum for the first half of 2022, there’s no doubt that the volatility has impacted traders’ mental health. However, while most traders and investors can survive a slow and painful...Read More
The broader crypto market has rebounded, with Bitcoin climbing back to $31,000 and beyond. Ethereum is attempting to break through the $2k barrier. After nine consecutive weeks of losses for Bitcoin, the crypto market recovered remarkably. Due to Sentiments, the Market Is Dull Cryptocurrencies have traded like tech stocks rather than as a separate asset...Read More
Cryptocurrency markets are starting to show bullish momentum as Bitcoin and Ethereum continue their pump for the second day in a row. After a relatively small gain of 11% yesterday, LUNA is up over 46% today, closing in on $10. Currently trading at $9.53, let’s look at any relevant news for Terra Luna 2.0 and...Read More
Terra 2.0 went live a couple of days before, launching a new chain with a new token LUNA, while the old token was rebranded as TerraClassic (LUNA). Despite huge criticisms, Do-Kwon, the founder of Terra went ahead with his proposed revival plan and launched a new chain. It was expected that the influx of liquidity...Read More
Cryptocurrency markets are showing bullish momentum this Memorial Day, as Bitcoin and Ethereum are up 3.6%, holding their current support levels of $30k and $1.8k. Surprisingly, both LUNC and LUNA show significant price growth, with the Terra Classic token up over 74% and LUNA 2.0 up over 11% in the past 24 hours. Let’s look...Read More
Terra Luna 2.0 went live on exchanges last night, and traders have mixed feelings regarding LUNC and LUNA. Some remain hopeful that LUNA 2.0 will reach prices as high as $50, while others are on Terra Classic’s side, encouraging users and exchanges to burn the token to reduce the enormous supply of the cryptocurrency. Let’s...Read More
Terra’s Airdrop brings the month of May to a close, which began with the collapse of Terra’s LUNA 2.0 and TerraUSD (UST). However, after only a few hours of circulation, the new renamed Terra prices plummeted. LUNA Airdrop Is Live In order to restore Terra, DO Kwon, the founder, and the community came up with...Read More
Terra Luna 2.0 has officially launched today. The new chain launch and Airdrop are complete, and the new LUNA token is now trading and is being tracked on several exchanges, including KuCoin, Bybit, Kraken, MEXC, OKX, and Bitrue. More exchanges are scheduled to join soon. Terra Luna 2.0 New Chain Launch Complete As of seven...Read More
Terra Luna is gearing up for its new chain launch, forking the old blockchain into a new chain without the UST stablecoin. Multiple exchanges already announced their support for the new chain, and CoinMarketCap updated Terra Luna to LUNC and added a new tracker for Terra 2.0. Final Post-attack Snapshot for Terra 2.0 Has Passed...Read More
As Bitcoin and Ethereum continue to trade sideways, with BTC holding above $29k and ETH struggling at $1,700, a Metaverse Crypto Coin called OpenWorld (OPEN) gained over 46% in the past week and over 11% in the past 24 hours. OpenWorld was recently added to the Metaverse category of CoinMarketCap, and with a $2.2 million...Read More
Bitcoin Price again failed at the $30,000 level. BTC Price even dropped to $29,000. However, the altcoins are in an even worse shape, BTC/USD is now more than 55 percent lower than its all-time high, which was set in November 2021. What, on the other hand, does this latest crash indicate for investors? Is there...Read More
Tether has announced the creation of a new Mexican peso-pegged stablecoin, marking the company’s first strike into Latin America. Tether said today that the stablecoin, dubbed MXNT, will initially be available on the Ethereum, Tron, and Polygon blockchains. This is Tether’s fourth fiat-pegged stablecoin, following the US dollar-pegged USDT, the Euro-pegged EURT, and the offshore...Read More
After the UST depegging earlier this month, which caused LUNA to drop over 99% in price, the community behind the token passed a revival plan proposal that will fork the old chain, creating a new token and blockchain without the stablecoin. The new chain is scheduled to launch tomorrow, May 27th, and the old chain...Read More
A new initiative could aid the town even more after the Terra revival plan was officially passed earlier on Tuesday. On May 27, the new Terra 2.0 blockchain will be live, and Polygon has created a fund to aid Terra migration. Polygon, meanwhile, announced the creation of a multi-million dollar fund to assist Terra blockchain...Read More
The Sandbox (SAND) price is up over 12% today and up over 20% this week amid an announcement of an upcoming partnership between Elvis Presley Enterprises and web3 studio Run it Wild, where users in Sandbox’s Metaverse will be able to turn into Elvis characters and celebrate the icon in the virtual realm. The partnership...Read More
After the lesson learnt in the past fortnight, Terra is all set to become the fully-community owned chain to empower the ecosystem. While centralized exchanges like Binance, ByBit, etc are reportedly working closely with Terra for the LUNA 2.0 airdrop. On the other hand, the South Korean exchanges strongly ignore the LUNA 2.0, which may...Read More
The Terra Luna 2.0 Revival Plan has officially passed with over 65% voting in favor of the vote, 20.98% voting to abstain, 0.33% voting no, and 13.20% voting no with veto. This means a new Terra chain will be created, and Luna will be airdropped across LUNA Classic stakers, holders, residual UST holders, and essential...Read More
While promoting a revived plan to fork Terra with a new token that excludes TerraUSD, Do Kwon is facing legal action in South Korea. After asking cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax to freeze Luna Foundation Guard assets, South Korean officials are expected to meet with them on Wednesday. The Terra community’s South...Read More
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. As billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of the Cryptocurrency market nowadays, it looks unsafe in all possible directions. As Bitcoin and ether are at their lowest point...Read More
Cryptocurrency holders that became successful through either mining, DeFi, or NFTs, often are left with large amounts of BTC, ETH, or another blue-chip digital asset. While this in and of itself isn’t a negative thing, wealth comes with its own set of challenges. For example, using that wealth to buy real estate, pay bills, or...Read More
Terra LUNA’s price is up over 59% today, currently trading at $0.0001912, surpassing $1.2 billion in market capitalization. The recent price hike for LUNA is most likely due to Terra’s Founder, Do Kwon’s statements yesterday, responding to accusations and questions from the community, which put the market at ease. Let’s look at Terra LUNA and...Read More
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It’s a big deal, as billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of...Read More
The effect of an impulsive loss has taken over $15 billion from crypto value. And there are reports recorded about self-harm by those who have lost most of their savings in UST. A Lot of people have sold off big parts of their crypto portfolio to recoup some of the damage, pulling the entire market...Read More
After two days of silence, Do Kwon, the founder of Terra Luna, took to Twitter to respond to various questions and accusations from the community, discussing multiple issues regarding his proposal to fork the Luna network and clarifying his whereabouts. Terra Luna Revival Plan 2 Luna’s second proposed revival plan looks to fork the chain...Read More
Cryptocurrency markets hold support exceptionally well this Friday as Bitcoin hovers at the $30k level and Ethereum manages to keep the $2k support line. Last night, Bitcoin rallied from $28k to a high of $30.1k as the global and US market sentiment is starting to stabilize. Many wonder whether the LUNA and UST debacle added...Read More
Tether’s USDT market valuation has decreased by nearly $9 billion after Terra’s UST meltdown. The market saw a dramatic sell-off last week as a result of the collapse of Terra’s UST stablecoin, with USDT trading as low as $0.95. Tether’s “implosion” was approaching, according to the crypto analyst known for his opposing viewpoints. This is...Read More
Terra’s very contentious proposal to hard-fork the blockchain has opened voting, according to founder Do Kwon. Early vote shows that more than 78 percent of the Terra community supports forking the blockchain and producing Terra Version 2.0. Approximately 21.7 percent of holders voted against the proposal and exercised their veto authority. The UST stablecoin will...Read More
After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna, announced a new revival plan on Twitter. A new governance proposal #1623 suggests renaming the existing network to Terra Classic, renaming LUNA to LUNA Classic, and birthing a new blockchain. The full proposal can be...Read More
As huge turbulence was hovering within the space that the Terra executive had not handled the crisis in a proper way, the founder Do Kwon came up with a relief plan. As per the relief plan, the existing ecosystem would become Terra Classic with the token named LUNC. And the newly created chain would be...Read More
In a recent update, the proposal to fork the current LUNA chain into LUNC has been strongly opposed by their own community. The proposal is said to have received huge negative reactions as they mainly intended to create a new chain without the algorithm stablecoin. On the other hand, the community believed burning LUNA tokens...Read More
