Terraform Labs, once a shining beacon in the cryptocurrency world, has faced a dramatic downfall. The company, co-founded by Do Kwon, was instrumental in developing the TerraUSD stablecoin. This digital currency, pegged to the US dollar, aimed to provide a…
Terra Tokens Surge 70%: Resilience Unveiled in the Middle of Bitcoin Linking
Key Highlights In the realm of cryptocurrency, tokens associated with the Terra ecosystems, namely Terra 2.0 and Terra Classic, have demonstrated remarkable resilience and performance over the past week. These tokens, positioned among the top hundred by market capitalization, have…
Terra Tokens Surge 70%: Exploring the Surge Driven by Bitcoin Linking and Burn Program
The crypto industry has witnessed an extraordinary surge in several tokens associated with the Terra ecosystems, namely Terra 2.0 and Terra Classic. Over the past week, these tokens have more than doubled in value, extending their year-to-date gains to an…
Terra (LUNA) Propels Forward with Fee-Sharing Initiative
We are thrilled to share exciting news about the Terra blockchain’s latest milestone, as it takes a significant step forward with its fee-sharing proposal. This groundbreaking proposal aims to integrate the FeeShare module into Terra, presenting a remarkable opportunity for…
Terra Accuses Citadel Securities of Causing UST Stablecoin Depegging
In recent developments, Terraform Labs has come forward with serious allegations against Citadel Securities LLC, a prominent American market-making firm. Terraform Labs accuses Citadel Securities of intentionally destabilizing its TerraUSD (UST) stablecoin in May 2022. This article delves into the…
Celsius Wants to Postpone Deadline For Claims As Legal Fees Top $53M
Celsius Network, a bankrupt cryptocurrency lender, intends to file a motion to extend the deadline for users to submit claims by another month. The cryptocurrency community has grown impatient, noting that Celsius’ legal fees have continued to increase and are…
Largest South Korean Convenience Store to Accept Crypto Payments Soon
The largest convenience store in Korea with 13,000 locations across the country CU, will soon be accepting crypto payments. According to local reports CU will integrate a payment system known as chai, which will enable consumers to utilize a Korean…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
