WWW.BLOCKCAST.CCSeven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra. Last year saw some of the most dramatic collapses in the history of cryptocurrencies. It all started with the collapse of Terra […]
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South Korea’s Ministry of Foreign Affairs announced on Wednesday (5 October) that Terraform Labs Pte. Ltd. CEO Kwon Do-Hyung, aka Do Kwon, would have his passport revoked in four weeks if he did not return it. Well, Do Kwon had an arrest warrant out for him, and his name has been widely reported to have […]
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How to get-over your shady past? Well, incorporate a model (2.0 version/iteration) by learning from past mistakes. That exactly what Terra’s Phoenix blockchain token LUNA did as it recorded a >200% hike. But at what cost? Building from scratch LUNA – the cryptocurrency behind the Terra ecosystem witnessed some unprecedented hikes as we speak. At press […]
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Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from Terra to Ethereum. The report also concluded that the UST de-pegging was not carried out by hackers or attackers. The […]
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The mammoth crypto crash caused by the Terra (LUNA) fiasco left different opinions from various people in the crypto community. Binance boss ChangPeng Zhao (CZ) in a wide-ranging AMA on Reddit and answered a variety of questions. Thanks for all your questions. Answered as many as I could. Seems @reddit has taken the AMA thread […]
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The native token LUNA of Terra’s blockchain wiped out over $11 billion of investors’ wealth in the last 24 hours. The coin is down by 71.1% from its ATH at the time of writing. The fright around UST losing its dollar peg and Binance suspending UST and LUNA withdrawals have been key drivers behind LUNA’s […]
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At press time, Terra [LUNA] was the seventh-largest crypto by market cap. It was trading at $96.37, after rising by 8.86% in 24 hours and rallying by 6.28% over the past week. Why should this mean anything special to investors? Well, $96 is not too far from $100, which is an important psychological price. When […]
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