Terra

One of the biggest stories in the world of cryptocurrency this week has been the fall of a stablecoin and a coin associated with it. Here’s a look at how an investment in the cryptocurrency has fared in 2022. What Happened: The cryptocurrency market is crashing tand many of the largest coins...

The cryptocurrency market is crashing this week and many of the largest coins haven’t been able to escape the carnage of a potential crypto winter. Here’s a look at how far Bitcoin (CRYPTO: BTC) is from its all-time high. What Happened: The stablecoin TerraUST (CRYPTO: UST) and the...

Bitcoin (CRYPTO: BTC) bull Anthony Pompliano, better known by the nickname "Pomp," dismissed allegations that he had been “promoting” Terra (LUNA) or Terra USD (UST) stable coin. What Happened: Pompliano said in a recent note that a lot of people are...

Terra (CRYPTO: LUNA) has officially stopped block production as the blockchain’s native token hit a low of $0.000033 on Thursday. What Happened: An update on Twitter from the network’s official account confirmed that the Terra blockchain had “officially halted” at block...

South Korean police are investigating a report that an unknown person visited the residence of Terra (CRYPTO: LUNA) founder Do Kwon. What Happened: According to a report from a local Korean publication Money Today, Do Kwon’s spouse requested emergency personal protection after an unidentified...

One of the biggest names in the world of cryptocurrency shared thoughts on the current state of the global economy and inflation this week. What Happened: Charles Hoskinson is best known as one of the co-founders of Ethereum (CRYPTO: ETH) and the founder of Cardano (CRYPTO: ADA). Hoskinson could...

BlackRock, Inc. (NYSE: BLK) and Citadel Securities have denied any involvement in the collapse of Terra’s (CRYPTO: LUNA) algorithmic stablecoin TerraUSD (CRYPTO: UST). What Happened: According to a Wednesday report from Forbes, both the investment firms said in separate emails that they do...

The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from The Block. What Happened: Two former SEC lawyers told The Block on Wednesday that the SEC is “already on the...

Crypto liquidations exceeded $1.2 billion at press time with over 420,000 traders hit by the market-wide crash. What Happened: According to data from Coinglass, Ethereum (CRYPTO: ETH) saw $313 million worth of liquidation orders as its price dropped 23% to a low of $1,838 on Wednesday. The single...

Professional sports leagues have become more accepting of cryptocurrency and opened their doors to sponsorship opportunities. One deal signed earlier this year is now being called into question. What Happened: In February 2022, Major League Baseball’s Washington Nationals signed a $40 million...

Terra (CRYPTO: LUNA) and its native stablecoin TerraUSD (CRYPTO: UST) brought each other down in a cryptocurrency market catastrophe that would not be easy to forget. What Happened: Market data shows that Terra's price fell by over 97% from Wednesday's intraday high of $...

Treasury Secretary Janet Yellen highlighted the recent scenario around Terra’s (CRYPTO: LUNA) algorithmic stablecoin Terra USD (CRYPTO: UST) as an example of how digital assets pose a risk to the financial system. What Happened: In a hearing...

Even though the Chinese Government has put a blanket ban on cryptocurrency trading in the country, the people in the country continue to take keen interest in the ups and downs of the crypto market. What Happened: After the native token of the Terra (CRYPTO: LUNA) blockchain crashed over 56%...

Some members of the cryptocurrency community have equated the chaos unfolding within Terra’s (CRYPTO: LUNA) ecosystem to the Lehman Brothers collapse. What Happened: On Monday, Terra’s algorithmic stablecoin TerraUSD (CRYPTO: UST) lost its peg to the U.S. dollar and fell to $0.79. Terra...

More than $1 billion was liquidated from crypto markets as Bitcoin (CRYPTO: BTC) lost support at $30,000. What Happened: According to data from Benzinga Pro, Bitcoin fell 8% on Monday to $29,944 – the lowest since July 2021. Data from Coinglass shows that over 280,000 crypto traders were...