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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
According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been amended and the final release of the new Terra Core codebase … 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
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset Freeze The Seoul Metropolitan Police Agency’s Cybercrime Investigation Unit announced Monday that it has launched an … 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
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
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
Terraform Labs will put the proposal up for a governance vote on May 18 Asia time. Go to Source Powered by WPeMatico
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder’s experts predicted LUNA would be $143 before the end of the year. Currently, LUNA is worth far less than a U.S. penny and while … Read more
After UST de-pegged on May 9th, causing a cascade effect of billions of LUNA minted, the Luna Foundation Guard disclosed what happened precisely to their reserves which were meant to stabilize UST, keeping it pegged to USD. Let’s look at LUNA and UST and any related news this morning. Luna Foundation Sells Over $3 Billion … Read more
