The emergence of Maple Finance brought a different approach to the entire process. This bold DeFi lending protocol requires no deposit of extra crypto tokens as collateral for borrowing. In the decentralized finance (DeFi) space, cryptocurrency lending came as a means that allows investors access to their preferred tokens. However, they must deposit other crypto…
A US court has found Terraform Labs PTE Ltd. and its founder Do Kwon liable for defrauding investors in a multi-billion dollar crypto asset securities case. After a rigorous nine-day trial, a jury in the United States District Court for the Southern District of New York has delivered a verdict in the fraud case that…
Terra’s commitment to filling up its coffers with Bitcoin has been solidified once more with another $1.5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST. More importantly, though is how this…
The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses. As a result, billions of dollars were lost, and many investors lost faith in crypto. Gradually, the space is experiencing a revival as…
Over the past week, the price surge in the LUNA token has caused it to rise to become the second most-staked primary digital currency in TVL leaving Ethereum behind. In addition, a data source reported this data showing that Terra’s LUNA coin passed the Ether coin, which currently has more than $28 billion in Total…
The LUNC community has received a proposal from Genuine Labs, a group of experienced developers who aim to contribute to the Terra Classic ecosystem, something that could help revive the USTC and LUNC tokens. What The Latest LUNC Proposal Is About According to the proposal titled ‘Genuine Labs Terra Classic Development Proposal,’ the developers who…
The Rockaway Blockchain Fund (RBF) has published a bullish case on Terra (LUNA) and its growing ecosystem. This project has been gaining a lot of attention in the crypto space and its price reflects the hype with an 8,809% rally in the 1-year chart. At the time of writing, LUNA moves sideways in the lower…
The growth of Bitcoin and crypto exchanges over the years reflects the industry’s evolution. Exchanges have been the most critical businesses supporting the blockchain and crypto protocols. In addition, the exchanges, led by the top figures in the industry, house most of the iconic brands in the crypto ecosystem. Since the early days of Bitcoin…