Luna

The governance token of MakerDAO and Maker Protocol, Maker (MKR), emerged as the top gainer last week. The two protocols, based on Ethereum (CRYPTO: ETH), allow for the issuance and management of the DAI (DAI) stablecoin. Top Gainer of Week Ending May 16, 2022 (Data via CoinMarketCap)...

On-chain data shows that Terra’s (CRYPTO: LUNA) $3.5 billion Bitcoin (CRYPTO: BTC) reserves have been depleted entirely. What Happened: A report from blockchain analytics firm Elliptic followed the movement of Terra’s BTC reserve after the collapse of its stablecoin TerraUSD (CRYPTO:...

Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin weighed in on the disaster that saw Terra (CRYPTO: LUNA) and its algorithmic stablecoin TerraUSD (CRYPTO: UST) collapse last week. What Happened: In a tweet on Saturday, Ethereum educator Anthony Sassano suggested the cryptocurrency...

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. Founder of the Terraform Labs, Kwon, said he spent the last several days calling various community members about the tokens...

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...

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...

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...