Friday, February 3

Tag: Terraform Labs

Jared, A TFL Staff Highlights Some Major Benefits The Terra Classic Stands To Enjoy From Terra Station Independence
Blockchain

Jared, A TFL Staff Highlights Some Major Benefits The Terra Classic Stands To Enjoy From Terra Station Independence

In the recent development, the man that stands as the middle man between the Terraform Labs (TFL) and the Terra Classic, Jared, has given a clue to the benefits that the Terra Classic network stands to gain in its step-to-stand-alone, building its station. The Terra classic community influencer Classy made it known in his recent tweet, sharing a discord picture containing the conversation with Jared. The message stated how TFL plans to work with TFL developer groups to address challenges faced by community members on Terra Station. Read Also: Ripple Naming Services Works To Launch On XRP Ledger To Solve The Complexity Of Crypto Wallet Addresses. How Feasible is This? Jared, A Tfl Staff, Mentions Some Significant Benefits For Terra Classic. Additionally, the developer said that...
Terra Rebel Launches A LUNC Wallet (Rebel Station) To Reduce Over Dependence On The Terraform Labs’ Terra Station
Blockchain

Terra Rebel Launches A LUNC Wallet (Rebel Station) To Reduce Over Dependence On The Terraform Labs’ Terra Station

In a recent development, the Terra Rebel unveiled the Rebel Station, dubbed “Another step towards autonomy.” Terra Rebels; “With the ardent efforts of the Frontend Team, Rebel Station is ready for launch,”  it is worth noting that the Rebel Station is the Terra Rebels’ response to the Terra Station while some noted that the interface seems identical to that of the Terra station, as stated by the @reXxTerraRebels, AKA reXx, the biggest difference is that it cuts off the dependence on Terraform Labs. Notably, as the Terra Rebel explained, with a wallet managed by the Terra Classic community, there would be less downtime required to perform version upgrades as it would not have to go through TFL. Read Also: United States-based Finance Services Company, Fidelity Investments, Hints ...
Do Kwon To Throw A Conference Soon To Debunk The Falsehood Against Him, He Invites Cops Around The World To Attend
Blockchain

Do Kwon To Throw A Conference Soon To Debunk The Falsehood Against Him, He Invites Cops Around The World To Attend

A recent tweet revealed that the Terraform Labs, Do Kwon, would be holding a conference to refute the stories making the rounds, looking forward to inviting the police. Do Kwon To Debunk Falsehood Via Conference A tweet was shared recently featuring Do Kwon responding to the  latest reports making the rounds online, saying he would be holding a conference to debunk the “falsehoods.” https://twitter.com/stablekwon/status/1588298460595249153 CEO Kwon welcome with open hands those sharing the stories, saying; “Show up if you dare,”. According to the report from the Korean Broadcasting System (KBS) which was made recently, alleging that the South Korean prosecutors had got proof that Do Kwon manipulated the price of Terra Luna Classic (LUNC) and is hiding in Europe also noted th...
Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem
Blockchain

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

It seems that Terraform Labs is interested in the ongoing revitalization project of the LUNC token, the team recently launched a proposal named Terra Expedition an ecosystem expansion program, which was created in a bid to strengthen and expand the Terra ecosystem through several initiatives.  Terraform Labs Launches Terra Expedition This new development was unveiled on the Terra Agora. It is worth noting that this program is expected to run for four years, and will focus on incentivizing developers to build decentralized applications (dApps) on the Terra Classic network, deepening liquidity, and onboarding new users to the Terra ecosystem.  Read Also: The First Stage Of EVM-Compatible XRP Ledger Goes Live According to the team; “The Terra Expedition is a revised iteratio...
Lawsuit Against Terraform Labs Increases As Plaintiff Albright Charges On Behalf May Terra Collapse’s Victims
Blockchain

Lawsuit Against Terraform Labs Increases As Plaintiff Albright Charges On Behalf May Terra Collapse’s Victims

The lawsuit against Terraform Labs has not declined but rather is on the increase daily. According to a report by the legal news outlet Law360, Terraform and two of its executives which include the Terraform Labs CEO, Do Kwon, were accused of violating the Racketeer Influence and Corrupt Organization Act. The charge against them was as a result of the UST inflation and promotion of false information in the recent Terra collapse, which claimed multi-million dollars, almost $80 million. Read Also: A Mysterious Wallet Initiates A Burn Of Over 309 Million In Two Days As stated by the Law360:“Defendants touted the stability of the coins and guaranteed 20% annual returns on coins deposited in Terraform Labs’ high-yield savings application on the Terra blockchain — the Anchor Protocol,”...
Do Kwon Says, Terra Was Created To Be an Industry’s Standard, Built As A Stablecoin And Not To Scam People
Blockchain

Do Kwon Says, Terra Was Created To Be an Industry’s Standard, Built As A Stablecoin And Not To Scam People

The CEO and founder of Terraform Labs, Do Kwon has now admitted to his shortcomings in a recent sole interview.  Do Kwon’s personality was seriously put under pressure owing to the May Terra collapse and the algorithm stablecoin TerraUSD (UST). According to Kwon’s video interview with Coinage Media, hosted by Zach Guzman dubbed “inside Crypto’s Largest Collapse”. The short video interview was aired to prepare the people that have longed to see Do Kwon talking about the Terra collapse. https://twitter.com/zGuz/status/1558851374619803649 Do Kwon said that the Terra was not created to scam people but to be a stablecoin, although it failed to be stabled.  “…It was supposed to be a stablecoin but didn’t remain stable. It was started to become industry’s standard, I b...
Do Kwon Suggests Decentralized Money For The Crypto Space And The Crypto Community Attacked Him Instantly
Blockchain

Do Kwon Suggests Decentralized Money For The Crypto Space And The Crypto Community Attacked Him Instantly

Unfortunately, the Terraform labs CE, Do Kwon’s belief in the crypto did not sound well into the earing of the Twitter community. Do Kwon stated: “Decentralized networks need decentralized money – obvious today more than ever,” Following his tweet, the crypto community did not waste time responding to his unpalatable belief, he turned off the comment session, but the member made use of the quote tweet to express their feelings. https://twitter.com/Mounia_NL/status/1556860848676769793 The whole scenario burned down to Do Kwon’s attempt at decentralized money which went bad for many and they were convinced that he has defrauded them. The UST which ought to fill the decentralized money gap being supported by Bitcoin reserves caused LUNA and UST holdings held by investors to bec...
3AC Founders Surface After Five Weeks Of Hiding Revealing The Reasons For The Collapse Of 3AC
Cryptocurrency

3AC Founders Surface After Five Weeks Of Hiding Revealing The Reasons For The Collapse Of 3AC

The co-founders of the Three Arrows Capital, Su Zhu and Kyle Davies, surface again after five weeks of hiding. They made it known in the interview with Bloomberg that the reason for hiding was nothing but the threats from various corners succeeded the challenge their firm experienced in early July which later bankrupted the creditors and destroy the selloff that foisted steep losses on mom-and-pop owners of Bitcoin and other tokens. The two founders were talking in an unknown location, analyzing the failure they got and they could trace it to their overconfident. As stated by the advisers in charge of liquidating reported on July 8th how the two founders hadn’t been communicating with them while their location was unknown. They claimed they're not talking to the advisors does not im...
Do Kwon Answers Users On LUNC Network Upgrade.
Blockchain

Do Kwon Answers Users On LUNC Network Upgrade.

Following the curiosity of one Twitter handler, THORchain.BULL who wanted to why a governance vote earlier passed to have the LUNC delegation re-enabled is never executed and more also the users that the LUNC governance never resumed implies that the Terraform Labs has control over it, Do Kwon reply as usual that the Terraform Labs has no control over LUNC and that whoever surfaced with the offer to start delegation should coordinate validators to mechanize the pathway to upgrade the network. Read Also: Shiba Inu is Now Accepted As Payment In Dripto, A Digital Marketplace https://twitter.com/stablekwon/status/1545600281534050305 According to the THORchain.BULL, he didn’t mean any negative but he was out of curiosity to bring it to the attention of other users. he added that if ...
Terra USTC Returns To The Top 100 Crypto As It Spikes Almost 400% In The Last 24 Hours
Cryptocurrency

Terra USTC Returns To The Top 100 Crypto As It Spikes Almost 400% In The Last 24 Hours

Terra’s collapsed stablecoin USTC prices experience a sudden spike of almost 400% over the last 24 hours. And this resulted in the token entering the top 100 cryptocurrencies. Amid the volatility in the crypto firm related to Terra’s newly released token LUNA 2.0, TerraClassicUSD has striven to spike more than 400% over the past 7 days. It is trading at an average price of around $0.042, at the press time. USTC’s 24-hour trading volume has increased by 413% to stand at $83 million. Read Also: Shiba Inu Spiked 50% In Seven Days, Its Addresses Approach 1.2 Million USTC’s total market Cap added almost $200 million in the last 24 hours as gotten from the data from the Coin MarketCap. Presently, it calms around $402 million. The meant-to-be stablecoin has now grabbed the 84th spot amo...