Exchanges show initial support to Terra revival by listing new LUNA token
HitBTC plans to list Terra’s brand new token LUNA on May 27 as the suspended Terra Classic blockchain is expected to revive as Terra 2.0. Go to Source Powered by WPeMatico
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LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,” he said about losing his investments. Investor Under Investigation … Read more
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s Governor on Crypto Market and … Read more
South Korean police request exchanges freeze LFG related funds
Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard. Go to Source Powered by WPeMatico
Avalanche nears key breakdown level that could sink AVAX price by another 65%
Strongly bearish fundamentals act as tailwind to Avalanche’s technically bearish setup. Go to Source Powered by WPeMatico
Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it
Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21. Go to Source Powered by WPeMatico
Near Protocol picks up slack, onboards Tracer following Terra’s downfall
As explained by Near Foundation’s Nicky Chalabi, projects like Tracer seeks alignment with the core values of the ecosystem that can support the company’s roadmap in time to come. Go to Source Powered by WPeMatico
Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review
This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosion, the topic is all the more critical, but LUNA-tattooed Galaxy Digital CEO Mike Novogratz still thinks the “crypto revolution is here … Read more
3 red flags that signal a crypto project may be misleading investors
The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities. Go to Source Powered by WPeMatico
Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more
Binance comes to the rescue of Terra projects, Chainalysis introduces new tools to track stolen crypto funds, Do Kwon’s new proposal for a Terra hard fork and more in this week’s DeFi newsletter. Go to Source Powered by WPeMatico
