Terra 2.0’s official announcement is made by the Terra team. The team activates Terra 2.0 Phoenix-1 mainnet by generating the first block on the blockchain network. Further, the official announcement of Terra reads: “Block 1
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Do Kwon’s proposal to revive the beleaguered Terra blockchain has been approved. The controversial Terra proposal 1,623 received a 65.5% approval rate with over 200 million votes in favor. While 20.98% abstained from voting, the
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South Korean exchanges massively ignore Do Kwon and LUNA 2.0 It has been confirmed that Do Kwon, CEO of the infamous Terraform Labs and LUNA and UST, virtual assets which have caused enormous damage to
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Voting on Terra’s plan to build a new blockchain by the community will end today, with the support of a majority of LUNA holders. As per the data over 67% of holders have voted yes
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The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission disclosed on Tuesday that LUNA and UST holders grew dramatically following the crisis, looking for a price recovery. According to local media, the South
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The conversation records of Binance’s internal leadership team during the Terra issue have been revealed by CEO Changpeng ‘CZ’ Zhao. CZ and Mayur Kamat, Binance’s chief product officer, discussed what to do with Binance’s 15,000,000
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As soon as Do-Kwon came up with the recovery plan, the criticism followed strongly. Moreover, some went a step ahead and filed a lawsuit in the wake of heavy losses incurred by the investors due
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Terra notes misconception about new blockchain As reported by Colin WuTerra said the blockchain “relaunch plan” does not propose a “fork” of the existing chain, but rather the creation of a new one. In the
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Many anonymous sources have connected with Terra community member “FatMan” and exposed facts about Terraform Labs co-founder Do Kwon’s monthly payments to quantitative trading firm Jump Crypto, as well as their participation in the UST
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Earlier this month, the crypto industry suffered a huge setback after Terra’s algorithmic stablecoin UST depegged from the US dollar and caused LUNA to lose 99.9% of its value. Shortly after the crash, Terraform Labs
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