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Nalezeno "Terra": 1580

Elliptic’s Report Reveals Details About Terra’s BTC Treasury

16.5.2022
Elliptic, a well-known blockchain analytics and intelligence firm, released a report explaining the situation regarding Luna Foundation. The report highlighted how LFG’s Bitcoin stash was bought to collateralize the UST stablecoin. The project purchases around 80,000 Bitcoin in 2022 until...

Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users

16.5.2022
The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated...

Terra’s Fall Creates Ripples Among DeFi Networks

16.5.2022
The impact of Terra plummeting to $0 has crossed the ecosystem and created a chain reaction that brought down several DeFi networks and applications. Statistics confirm that the total TVL of the DeFi ecosystem lost nearly $100 million, fueled by this event. The current crisis is seen as a blow...

80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?

16.5.2022
The Luna Foundation Guard updates the world concerning its crypto-asset reserves and shares a promise to compensate the remaining users of failed stablecoin UST

First 7-week losing streak in history ― 5 things to know in Bitcoin this week

16.5.2022
Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum

Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan

16.5.2022
Big players in the crypto industry do not seem supportive of the latest Do Kwon's proposal of how to help the collapsed Terra (LUNA) ecosystem. Last Friday, Terraform Labs co-founder Do Kwon put forward a 'revival plan' suggesting that the network hard fork and reset ownership to 1 billion...

UK Treasury en route to legalizing stablecoins amid Terra's UST crash

16.5.2022
During the Queen's Speech, Prince Charles announced the introduction of a bill that would help tackle illicit finance, reduce economic crime and help businesses grow

UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown

16.5.2022
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high...

Vitalik: Terra should protect the smallholders, not the whales

16.5.2022
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers

Major validator calls for ‘completely new chain’ to replace Terra

16.5.2022
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

16.5.2022
Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spend Sunday in the green

Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD

16.5.2022
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster...

At Nationals Ballpark, Terra’s Bad Week Never Happened

16.5.2022
Terra’s pricey Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

15.5.2022
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm...

The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto

15.5.2022
When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

15.5.2022
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s...

Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

15.5.2022
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock...