Tag Archives: Terra (LUNA)

Not long ago, Live Bitcoin News reported that in the nation of South Korea, an arrest warrant had been issued for Do Kwon, the crypto executive behind the failed algorithmic stable coin Terra Luna. It appears Kwon has taken issue with the idea that he’s a wanted man, and he’s answering his pursuers without officially revealing where he’s stationed. Do Kwon Says He’s Not Running Terra Luna was something of a disaster that occurred over the summer of this year. As an...

A court in South Korea has issued an arrest warrant for crypto executive Do Kwon, the head and founder of blockchain platform Terraform Labs. Kwon is facing charges of fraud following the collapse of the algorithmic stable coin Terra Luna, which fell apart over the summer and is alleged by many to be the responsible party for the bearish conditions bitcoin and the crypto space are now contending with. Terra Luna Was a Disaster Terra Luna is widely considered to be one of...

Mike Novogratz – Founder and Chief Executive Officer of Galaxy Digital – thinks cryptocurrencies have been more resilient in the past month because many forced sellers left the industry. In addition, he spoke about Do Kwon and his problems with numerous law authorities. Novogratz hopes the South Korean could cope with the issues, describing him as a highly intelligent individual. Crypto Lacks the Energy of the Equity Market In an interview for Bloomberg, the American...

After reports emerged indicating that South Korean authorities have issued an arrest warrant for Terra’s co-founder, he finally broke the silence, claiming he is cooperating with several global watchdogs. At the same time, Singaporean police said Kwon is not in the city-state despite multi previous suggestions that he was hiding there. CryptoPotato reported earlier this week when news came out from South Korea that the authorities had issued an arrest warrant against the...

While the Terra/UST $60 billion fiasco appears to be gradually dying down, South Korean prosecutors have revealed plans to launch a fresh investigation into the firm and its executives. According to a recent report by the Korean Herald, the Financial and Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutors Office has met with several crypto experts and financial regulators to review Terra tokens. Terra Tokens Could Be Securities  Per the...

LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing. In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched $5. The move happened with significant volume relative to that of previous days. LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around $4.7, as seen in the chart below. Source: Binance via TradingView It’s also evident that the...

Despite the dramatic sell-off of Terra ecosystem tokens, LUNC has managed to rally along with the crypto market favoring the upside. While the plan continues to revive the chain and attract investors back, the latest surge of more than 100% over the past week after its tax burn confirmation. At the time of writing, LUNC was trading at $0.00056, recording a daily rise of almost 55%. LUNCUSDT. Source: TradingViewAs per the new 1.2% Tax Parameter Change proposal, taxes will be...

The fall of the fourth largest cryptocurrency began with an unannounced transfer of funds between trading pools on the night of May 7. It left the Curve pool with an imbalance on the side of Luna. This anomaly could have been set right as it’s not an entirely uncommon phenomenon. But in this case, the situation turned from bad to worse, writing off one of the most infamous network collapses in crypto history. In an interview, Do Kwon admitted that he believes...

The unknown person visiting Terraform Labs’ founder, Do Kwon, has been identified and later arrested. According to a BBC News report, an AfreecaTV streamer who goes by “Chancers” was the desperate man who knocked on the controversial exec’s home earlier this month. The social media personality made quite a fortune after entering the digital asset space in 2017. Chancers had invested $800,000 in LUNA. Following the latest crash, he lost approximately $2.4 million. He was...

Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi activities, and NFT markets. The paper regarded Terra’s notorious collapse as fundamentally destructive to the nascent crypto community but beneficial to other Layer-one competitors since they have attracted the outflow capital derived from the fallen community. Investors Adopting a...