Why Is Terra Recovery Plan Hindered By Technical Difficulties?
Terra’s revival plan to restore some value to the blockchain appears to be hindered by some technological difficulties. Since last week, approximately two proposals related to the recovery plan have failed to execute due to smart contract difficulties. The proposals aimed to burn excess UST while also restoring inter-blockchain communication between Terra and other chains, […]
Terra (LUNA) Price Increases By 40%
The Terra price soar comes after people start to send LUNA tokens the provided burn address. The Terra (LUNA) price has increased by more than 40% in the last 24 hours as LUNA holders burned millions of tokens. However, Terraform Labs founder Do Kwon claims that sending LUNA to the burn address is a bad […]
Terra Fork Voting Spikes LUNA, UST Volatility
Terra’s native tokens, UST and LUNA, have witnessed significant price fluctuations in the last two weeks after losing the majority of their value. The volatility occurs after Terra’s community voted on its recovery, which offers to hard fork the blockchain into a new version. The new version will discard the UST stablecoin and a new […]
Why Terra’s LUNA Tumble Could Be Bad For For The UST Stablecoin
Terra’s native token, LUNA, has dropped in value over the last week as the decline in the broader crypto market has a big effect on the token. It is one of the worst-performing tokens among the top-10 cryptocurrencies in the past week. LUNA dropped 4.6% in the last 24 hours to a 9-day low of […]
Koinly crypto tax calculator platform integrates Terra (LUNA)
Koinly has integrated Terra into its platform, this will provide LUNA users a way to accurately track and record their transactions to meet with tax obligations. As the deadline for filing Canadian tax returns approaches, cryptocurrency tax computation portal Koinly has added Terra (LUNA) wallet functionality to make tax calculation easy for LUNA holders. Many […]