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The Latest Breaking News from Terra

Investors Sue Terra Founder Do Kwon: What You Need To Know

The founder of Terra (Crypto: LUNA), Do Kwon, is being sued by Korean legal firm LKB & Partners as of May 22 as numerous other investors prepare legal challenges against Terra.

Benzinga

Bitcoin Faces Uncertain Macro Environment But Impact From Terra Blowup Contained: What Ark Invest Said In Inaugural The Bitcoin Monthly Report

Ark Invest launched a new product over the weekend called The Bitcoin Monthly. Here’s what was covered in the first-ever issue of the online publication.

Benzinga

Terra (LUNA) Parent Reportedly Laundered $4.8M Through Shell Company

Terraform Labs, the company behind Terra (CRYPTO: LUNA), has reportedly laundered $4.8 million through a South Korean shell company.

Benzinga

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Many put faith in cryptocurrency but crash could lead to regulation and new consumer protections

Bitcoin came to life in 2008 as the financial system was imploding. Now that utopian vision is under fire, and everyone is asking: Will a new era of regulation kill or strengthen cryptocurrencies?

ABC News

Vitalik Buterin: Don't Paint All Stablecoins With The Same Brush After Terra (LUNA) Crash

Ethereum (CRYPTO: ETH) creator Vitalik Buterin doesn’t believe the entire category of pure-crypto stablecoins should be dismissed after the collapse of Terra’s (CRYPTO: LUNA) stablecoin Ter

Benzinga

Dogecoin Creator Says Luna 2.0 Will Show The World 'How Truly Dumb' Crypto Gamblers Are

Dogecoin (CRYPTO: DOGE) creator Billy Markus shared disapproving remarks ahead of Terra’s (CRYPTO: LUNA) Luna 2.0 launch date.

Benzinga

Luna Is Back After a Multibillion-Dollar Crash

Luna 2.0 is set to launch following the spectacular crash of its earlier version.

The Street

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10 Largest Cryptocurrencies By Market Cap: Terra Dives, Dogecoin Remains

As we near the close of the first half of 2022, cryptocurrencies and traditional equities have two things in common: both markets have fallen from all-time highs and remain volatile.

Benzinga

LUNA 2.0 Token Set To Launch On May 27; These Crypto Exchanges Plan To List Immediately

After shaking the cryptocurrency market to its core, the developers of the Terra (CRYPTO: LUNA) blockchain are set to launch the LUNA 2.0 token on Friday.

Benzinga

Collapsed ‘stablecoin’ terra to be rebooted in attempt to recover losses

Collapse this month prompted widespread crash of cryptocurrency sector

The Guardian - UK

What Is a Death Spiral? Definition and Examples

What Is a Death Spiral?A death spiral is a term used to describe the near, or total, collapse of a market due to a series of events, typically unforeseen, or investment decisions gone wrong. A death spiral can be viewed as a sort of perfect storm of market declines. It…

The Street

Did Terra (LUNA) Have A 'Kill Switch?' Why Do Kwon's Comments From 2021 Are Going Viral

A video of Terra (CRYPTO: LUNA) founder Do Kwon describing a “kill switch” for Terraform Labs has resurfaced and is going viral on Twitter Inc (NYSE: TWTR)'s social media platform.

Benzinga

The Luna Crash Might Have Been Intentional – Here's Why

As a result of the Luna cryptocurrency and the (CRYPTO: UST) stablecoin, which are both linked to the Terra (CRYPTO: LUNA) blockchain, the cryptocurrency market has tanked and is struggling to recover, with some even predicting the collapse of t

Benzinga

South Korean Police To Freeze Terra's (LUNA) LFG Funds On Embezzlement Allegations

The Seoul Metropolitan Police are looking to freeze the Luna Foundation Guard’s (LFG) company funds as the Terra (CRYPTO: LUNA) controversy continues to unfold.

Benzinga

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The Street

Crypto Price Check: Is the Correction Over?

Cryptocurrency investors are hoping the price correction is over. Not so fast.

Al Jazeera

After Terra, Luna crashes, regulators count cost of crypto

Spectacular collapse of stablecoin puts focus on regulatory frameworks in South Korea and Singapore.

Benzinga

Binance Looking To Rope In 'Terra-Struck' Crypto Projects Migrating Away From Ecosystem

Binance Chain (CRYPTO: BNB) is looking to bring on board some important builders from the Terra (CRYPTO: LUNA) ecosystem.

Benzinga

AVAX In Terra's (LUNA) Reserves Is 'Immobilized,' Says Blockchain, As Token Declines 50% This Month

Avalanche (CRYPTO: AVAX) is down 50% month-to-date as uncertainty builds up around the fate of tokens lying in Terra’s (CRYPTO: LUNA) reserves.

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Benzinga

Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation?

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.

Benzinga

Bitcoin Bull Mike Novogratz's Conviction In Terra (LUNA) Was So High, He Got It Tattooed On His Arm — Now, It's A 'Constant Reminder' Of 'Humility'

Galaxy Digital Holdings Ltd (OTC: BRPHF) CEO Mike Novogratz has written a letter to shareholders of the company and the cryptocurrency community at large touching on Terra (CRYPTO: LUNA) and TerraUSD (C

Benzinga

South Korea's 'Grim Reaper' Task Force To Investigate Terra (LUNA) Collapse

South Korea has revived the ‘Yeouido Grim Reaper’ financial crimes task force to investigate the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST).

Benzinga

Terra (LUNA) Founder Do Kwon Faces $78M Fine For Tax Evasion

Terra (CRYPTO: LUNA) founder Do Kwon has reportedly been ordered to pay 100 billion won or $78 million in taxes by South Korea’s National Tax Service.

Benzinga

Was Terra (LUNA) A Pyramid Scheme? Here's What Bill Ackman Says

The collapse of cryptocurrency Terra has been one of the most talked-about topics in the crypto world over the past few weeks. A famous hedge fund manager weighed in with his take on the situation and offered up a harsh comparison.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Benzinga

'Fork NO:' 92% Of Terra (LUNA) Crypto Community Against New Chain

A vast majority of the Terra (CRYPTO: LUNA) community is opposed to forking the existing blockchain.

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