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    Tag: terra

    South Korea Issues Arrest Warrant for Do Kwon

    Cryptory.net - A court in South Korea issued an arrest warrant for Do Kwon, CEO of Terraform Labs, the company behind the Terra USD (UST) and Terra (LUNA) cryptocurrencies.

    Crypto Market Rebound on Weekend: LUNA Surges Over 200%, Bitcoin Breaks $21K

    Cryptory.net - Bitcoin broke the $21,000 threshold while LUNA skyrocketed more than 200%.

    Crypto Winter Update: Will the Q2 Crisis Continue to Expand Its Impact Into Q3 2022?

    Terra, Three Arrows Capital, and consecutive collapses of crypto institutions have dyed the market red throughout Q2. Although gradually rebounded in July, overall, the crypto space could not fully recover soon.

    Nearly 50 Projects Running on Failed Terra blockchain Moved to Polygon

    Cryptory.net - Dozens of projects affected by the Terra crash have collaborated to help each other move to Polygon.

    TerraClassicUSD (USTC) Spikes 278% Over Past 24 Hours – Time to Buy?

    Cryptory.net - The price of USTC has rocketed more than 278% over the past 24 hours and 387% for the past week, according to CoinMarketCap.

    Tether to Launch Stablecoin Tied to British Pound

    Cryptory.net - Tether plans to launch a new stablecoin pegged to the British pound early next month.

    Coinbase Faces Legal Trouble for Listing TerraUSD

    Cryptory.net - A class action lawsuit was filed on June 16, alleging Coinbase failed to do due diligence when listing stablecoin TerraUSD.

    Binance.US Faces Class Action Lawsuit for Misleading Investors about Terra

    Cryptory.net - A class action lawsuit against the exchange Binance.US related to the collapse of Terra occurred unexpectedly earlier this week.

    Anchor Dev Revealed Truth Behind Terra Collapse

    Cryptory.net - As revealed by an Anchor dev, Terra arbitrarily changed the UST interest rate from 3.6% to 20% right before launch to attract investors.