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Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra

Bitcoin.com
Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra
0x7183
Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on TerraFollowing the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a decentralized finance (defi) project, Capapult Finance, and the idea has been dubbed a “soft-pegged stablecoin” built on Terra. Terra Blockchain Ecosystem to See a […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure

Bitcoin.com
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
$190 million
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna ExposureAccording to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut Downplayed Terra Exposure Following the Collapse More than 1,000 deleted documents […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion

Bitcoin.com
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth .5 Billion
$2.5 billion
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth .5 BillionIt’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June, Terra’s total value locked (TVL) in decentralized […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours

Bitcoin.com
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours
Anchor
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 HoursDuring the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains. LUNC has climbed 8% higher during the past 24 hours and the […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements

Bitcoin.com
Hodlnaut Court Filings Highlight a 3 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements
$193 million
Hodlnaut Court Filings Highlight a 3 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory StatementsThe troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup. The latest update shows that Hodlnaut experienced a shortfall of around $193 million and this past week the company has laid off roughly 80% […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%

Bitcoin.com
Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%
Anchor
Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week. […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

Bitcoin.com
Trust in Decentralized Finance Rattled After 0 Billion Left the Defi Economy
Aave
Trust in Decentralized Finance Rattled After 0 Billion Left the Defi EconomyThe effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days. Defi TVL Plunges More Than […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps

Bitcoin.com
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
Anchor
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged AppsFollowing a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

Bitcoin.com
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
$139.81 billion
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower PositionsDecentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

Bitcoin.com
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
$1 Parity
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto EconomyDuring the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

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