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Luna
Galaxy Digital CEO: Luna Crypto Investors Failed to Appreciate the Risks
Galaxy Digital CEO Mike Novogratz said many retail investors who lost money in the collapse of Terraform Labs’ luna cryptocurrency failed to appreciate the risks involved and held on to their tokens for too long. “The Hash” panel discusses his comments and the luna fiasco.
Report: Prosecutors Raided 7 Korean Exchanges Amid Terra Probe
Seven crypto exchanges in South Korea have reportedly been raided by prosecutors probing a fraud case in connection with the collapse of algorithmic stablecoin terraUSD (UST) and LUNA. “The Hash” hosts discuss the latest in the Terra turmoil.
What the Surge of Terra’s New Luna Token Means for Regulators and Investors
Terra’s newly minted luna token (LUNA) rallied 40% Tuesday after the token was listed on crypto exchange Binance. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory perspective of LUNA 2 and the potential outcomes.
The Rise and Fall of Terra vs. Bitconnect
CoinDesk’s Nikhilesh De discusses how the $14 billion crash of Luna Foundation Guard’s Terra protocol compares with the $2.4 billion global Bitconnect Ponzi scheme. Plus, CoinDesk’s Sam Kessler on what the future holds for stablecoins.
Examining Terra’s UST Stablecoin and Luna Token Crashes
CoinDesk’s Nikhilesh De and Sam Kessler join “Community Crypto” host Isaiah Jackson to discuss the collapse of the Terra protocol as its UST stablecoin remains deep in the sub-dollar doldrums and LUNA, its sister token, has fallen over 99% from its 2022 high.
New Terra Blockchain Expected to Launch Saturday
Terra’s new blockchain will be launched Saturday followed by an airdrop of new luna tokens to users as part of a broader plan to revive the failing ecosystem. “The Hash” panel discusses the fate of Terra and whether it can successfully come back from the dead.
G7 Calls for Regulation; Bored Ape Transfer Blocked
Commonwealth Bank of Australia pauses launch of crypto trading on its app. Five South Korean LUNA investors file complaints against Terraform Labs’ co-founders. Terra, UST collapse pushes G7’s call for swift crypto regulation. Singapore court’s block on transfer of Bored Ape Yacht Club NFT tests legal oversight.
Huobi Exec on Crypto Markets, NFTs and Mining in China
Huobi Financial Officer Lily Zhang discusses her take on how Terra’s UST and LUNA crashes might affect upside potential in the crypto markets. Plus, insights into China’s “very hot” NFT market, the state of crypto mining in the country, and potential risks of listing Tron’s algorithmic stablecoin USDD on Huobi.
China’s Mining Re-Emergence; Terra Community Wants Answers
Study shows China accounts for 21% of Bitcoin mining hashrate despite ban. Indian financial watchdog warns against celebrity crypto endorsement. Do Kwon’s lack of answers frustrates Terra’s UST and LUNA investors. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Swan Bitcoin CEO: Terra Was a 'Ponzi Scheme'
Swan Bitcoin CEO Cory Klippsten discusses why he's "not surprised" about the collapse of Terra's UST and LUNA, saying "their whole scheme was a ponzi scheme." Plus, his take on the whereabouts of Terra's bitcoin reserves.