Tag: Terra
Genesis Ordered to Comply With Subpoenas Linked to Do Kwon’s Terra Stablecoin TerraUSD
Rakoff is also grappling with how to extract information from Kwon in connection with the case. Kwon’s lawyers have argued he can’t come to the U.S. a [...]
Terra Classic Community Passes Vote Ending USTC Minting as Revival Efforts Continue
Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party t [...]
Terra Classic community elects to cease USTC minting
The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassicUSD (USTC), with the objective o [...]
South Korea Tries to Shake Off the Terra Debacle, With Gaming Dominating Web3 Activity
“From the discussions I had with the major ecosystem players, it did have a huge impact that forever changed the Korean [decentralized finance, or DeF [...]
Terra Luna Classic contemplates deposit hike to curb spam proposals
The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA [...]
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
www.coin [...]
Terra Temporarily Halts Its Website Operations To Stop Phishing Scams
Terra blockchain, a prominent blockchain protocol and payment platform system temporarily suspends its web operations on Tuesday, August 22nd. The ann [...]
Terra Website Compromised; Developers Warn Against Phishing Scam
Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.
www.coindesk.com [...]
Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets
A platform aimed at “deanonymizing the blockchain” has accepted its first submission concerning information on wallet addresses connected to Terraform [...]
Terra interim CEO says any ‘little progress’ made gets derailed by accusations
Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations [...]
Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ the Bank for International Settlements (BIS) Said After the FTX and Terra Collapses
Despite the millions of retail and institutional investors getting involved in the growing sector, “crypto has so far failed to harness innovation to [...]
The Center of Asian Crypto Wealth Is Ready for a Reset after Terra
Sooner than later, CZ and Balaji moved on, though. Zhuling Chen, founder and CEO of staking access startup RockX, his second crypto startup in Singapo [...]
Terra Classic Revival Plans Continue as ‘Six Samurai’ Aim to Revive LUNC Ecosystem
“LUNC has limitless upside potential, and we want to help realize it by leveraging our skills to bring value to the blockchain and all its investors i [...]
Terra Allies’ Six Samurai team aims to revive the ecosystem
After a joint governance proposal on liquid staking derivatives in Terra Luna Classic (LUNC), a new proposal has emerged for the next quarter, suggest [...]
Jump Trading seeks to move Terra class action suit to California
Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Norther [...]