The Terra blockchain’s fast growing stablecoin UST, which had surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.According to the crypto pricing site CoinGecko, the UST market cap pushed past $10 billion on Sunday. As recently as the beginning of 2021, the market capitalization was … [Read more...] about DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap
Terras
Terra’s Mirror protocol warns community against governance attack
Public blockchain network Terra has confirmed an ongoing scam attack via an official governance poll on Mirror, an in-house synthetic assets protocol. According to Mirror, the attacker launched a public poll on Mirror’s official website, which proposes a freeze on the community pool in case of a scam. NEW MIRROR POLL! ALERT: Poll 211 is SCAM -- sending 25,000,000 MIR to itself … [Read more...] about Terra’s Mirror protocol warns community against governance attack
Terra’s LUNA Notches New Record High Above $90 Even As ‘Shorts’ Keep Piling
There is an old saying on Wall Street: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.LUNA, the native token of the smart contract blockchain Terra, has nearly doubled to record highs above $90 in December, extending a four-month winning trend and decoupling from the weak trend in other top coins.Such stellar rallies often … [Read more...] about Terra’s LUNA Notches New Record High Above $90 Even As ‘Shorts’ Keep Piling
UST Stablecoin Demand, DeFi Incentives Drive Terra’s LUNA to New All-Time High
MarketsFollowing a network upgrade in October, it’s the second time this month LUNA has logged record highs.By Muyao ShenNov 30, 2021 at 4:42 p.m. UTCUpdated Nov 30, 2021 at 4:50 p.m. UTCPrices for LUNA hit another record high in November. (Annie Spratt/Unsplash) Source link … [Read more...] about UST Stablecoin Demand, DeFi Incentives Drive Terra’s LUNA to New All-Time High
Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows
“In a conversation on September 15, 2021, the SEC attorneys advised that they believe that some sort of enforcement action was warranted against TFL [Terraform Labs] and any cooperation, and implementation of remedial actions as to the Mirror Protocol, would result in a reduced financial sanction as part of any consent agreement,” according to the lawsuit. Source link … [Read more...] about Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows