April 30th, 2025
Luna Classic News - Page 5
Binance CEO Fired Employees Who Suggested Trading against Their Users during Terra Collapse
By Bhushan Akolkar
May 23rd, 2022
During the recent AMA, Binance CEO Changpeng Zhao answered some questions regarding his employees’ decision to trade against the users. He also referred to the Terra project as “stupid’.
Cyprus Unveils Draft Regulation for Cryptocurrencies
By Babafemi Adebajo
May 20th, 2022
Drafting the regulations hasn’t been without challenges and Minister Kokkinos did not neglect to mention those faced by the country.
Australian Bank Commonwealth Pauses Crypto Trading Options on App
By Babafemi Adebajo
May 20th, 2022
The LUNA crash wiped off as much as 15-25% of major cryptocurrencies in the market.
Do Kwon, Terraform Labs Fined $78M for Tax Evasion
By Babafemi Adebajo
May 19th, 2022
Since the collapse of the Terra ecosystem, it’s been one trouble after another. With about 2.8 million Koreans losing their life savings and at least 8 committing suicide, Do Kwon was invited to a Congressional hearing.
Crypto Billionaire Mike Novogratz Speaks of His Recent Loss in Terra LUNA Crash
By Bhushan Akolkar
May 19th, 2022
Novogratz spoke about the lessons to learn from this event and asked investors to maintain caution amid the recent macroeconomic backdrop.
Pantera Capital Cashed Out Overwhelming Majority of LUNA Investments before UST Crash
By Tolu Ajiboye
May 19th, 2022
According to Pantera Capital, it had no LUNA investments at the time of the UST crash, and made a substantial profit from its early exit.
Terraform Labs’ Legal Team Resigns after Collapse of UST and LUNA
By Godfrey Benjamin
May 18th, 2022
Everyone linked with the Terraform Labs is not living in denial about the collapse of the Terra blockchain in its current form and the exit of the legal team is not deterring Do Kwon from proposing a way forward to revive the protocol.
Bill Ackman: Ponzies Like Terra Threaten Entire Crypto Ecosystem
By John K. Kumi
May 18th, 2022
According to the CEO of Pershing Square Capital Management Bill Ackman, Terra operated as a Ponzi scheme, and its crash could affect the entire crypto ecosystem.
South Korea Scrutinizing Exchanges in Wake of Terra’s Collapse
By Godfrey Benjamin
May 17th, 2022
The collapse of Terra’s UST and LUNA coins has ignited a new fire and drive that is pushing a number of regulators beyond those from South Korea to rethink regulating the digital currency ecosystem.
Terra Chief Do Kwon Proposes Hardfork of Terra Blockchain to Restore Ecosystem
By Bhushan Akolkar
May 17th, 2022
Terra chief Do Kwon has proposed the idea of forking the Terra blockchain and distributing the new LUNA tokens among wallet holders, LUNA holders, developers, UST holders, etc.
Luna Foundation Guard Loses 80,000 Bitcoin Worth Over $3B due to UST Crash
By Tolu Ajiboye
May 16th, 2022
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge.
Tron Founder Speaks on His UST-like Stablecoin USDD
By John K. Kumi
May 16th, 2022
According to Dustin Teander, an analyst at digital asset data platform Messari, USDD is mechanistically similar to UST in terms of minting and price stability.
Binance CEO Says Hardfork of Terra Blockchain Won’t Work, Demands More Transparency
By Bhushan Akolkar
May 16th, 2022
Binance CEO CZ says that there’s open to working with the Terra community but demanded more transparency on the recent events. “Minting, forking, don’t create value. Buying back, burning does, but requires funds,” he added.
Bitcoin and Crypto Market Recover but Terra LUNA Crashes to $0
By Bhushan Akolkar
May 13th, 2022
After heavy correction, crypto investors get a breather as the broader crypto market shows recovery. Is this a trend reversal or just a dead cat bounce?
Terra Blockchain Production Becomes Operative Again Following 2-hr Halt but Then Halts Again
By Tolu Ajiboye
May 13th, 2022
It has become known that Terra has halted the blockchain for the second time in 24 hours.