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EXPLAINED: 6 | Vintage Vibes

A crypto first? What happens when a blockchain like Terra dies

The crypto world has been riveted by the rapid collapse of the TerraUSD stablecoin. But its implosion may bring about something just as noteworthy: the death of a major blockchain.

The Times of India

Do Kwon Proposes Terra Hard Fork, Airdrop To TerraUSD, LUNA Holders

Terra (CRYPTO: LUNA) founder Do Kwon has proposed a blockchain hard fork to revive the project’s ecosystem.

Benzinga

Bitcoin Back Below $30K Level, Ethereum, Dogecoin In Red: Why Analyst Thinks Apex Coin Is In A 'Fight For Its Life'

Bitcoin traded below the $30,000 mark, while Ethereum and Dogecoin were also weaker over the last 24 hours at press time on Monday evening, as the global cryptocurrency market cap declined 4.4% to $1.3 trillion.

Benzinga

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'Not All Bad Things Are The Same Bad Thing': Why Is FTX CEO Sam Bankman-Fried Comparing Luna To Netflix?

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO:

Benzinga

$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch

The Guardian - UK

Terra hasn’t killed crypto, but it was a narrow escape

NEW YORK: Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the resultant market impact might have created a DeFi version of…

The Times of India

Terra's Do Kwon 'Heartbroken' Over UST Collapse, Doge's Billy Markus Tells Him To Leave The Industry

In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all of their value this week.

Benzinga

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The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

inkl Originals

Terra (LUNA) Founder Do Kwon Said To Ask For 'Emergency Protection' From Police

South Korean police are investigating a report that an unknown person visited the residence of Terra (CRYPTO: LUNA) founder Do Kwon.

Benzinga

Terra Founder Wants To Save TerraUSD As Reports Suggest He Was Behind The Basis Cash Failed Stablecoin

Terra (CRYPTO: LUNA) founder Do Kwon announced plans to attempt to save his unstable stablecoin TerraUSD (CRYPTO: UST) while some are suggesting he was also behind failed stablecoin Basis

Benzinga

SEC Is Already Investigating Terra's Stablecoin UST: Report

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

Benzinga

Could terra fall prove to be Lehman Brothers moment for cryptocurrencies?

Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?

The Guardian - UK

Terra (LUNA) Crashes 45% As UST Stablecoin Massively Loses Peg Again

The native token of the Terra (CRYPTO: LUNA) blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD (CRYPTO: UST), lost its peg for the second time in 48 hours.

Benzinga

Bitcoin’s Unraveling Tops 55% From Peak With Drop Below $30,000

Bitcoin extended losses, dropping below $30,000 for the first time since July 2021, putting its decline from a November record high to more than 55% amid a global flight from riskier investments.

Tribune News Service

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Benzinga

LFG Surpasses Tesla To Become Second Largest Corporate Bitcoin Holder

The Luna Foundation Guard (LFG) now holds $3.5 billion worth of Bitcoin (CRYPTO: BTC) for its stablecoin reserves.

Benzinga

Terra (LUNA) Crypto Founder Says 'Failure Of UST Is Equivalent To The Failure Of Crypto Itself'

What Happened: In an interview with Fungible Times, Do Kwon, founder of the Terra (CRYPTO: LUNA) protocol, said that Terra intends to be the largest single holder of

Benzinga

This Crypto Is Up 10% Today, Hitting All-Time High After $125M Bitcoin Buy

Terra (CRYPTO: LUNA) spiked to new highs after news broke that the blockchain project had executed several large Bitcoin (CRYPTO: BTC) buy orders.

Benzinga

Why Terra Is Planning To Add $10B In Bitcoin Reserves

Terra (CRYPTO: LUNA) co-founder Do Kwon said he plans to add $10 billion worth of Bitcoin (CRYPTO:

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Fortune

What is Terra? What is Terra? Your guide to the hot cryptocurrency

Terra crypto, overseen by Terraform Labs, is a stablecoin that is intended to track the U.S. dollar.

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