May 26, 4:03 pm
| | Scam LUNA 2.0 Tokens are Already Running Wild
PeckShield – blockchain security and data analytics company – has identified scammers sending so-called “Wrapped LUNA 2.0” tokens to high profile Ethereum addresses. The ploy is meant to imitate the actual LUNA re-launch airdrop taking place on Friday.
According to an alert from PeckShield, popular recipients of these new tokens include Vitalik Buterin, Andreesen Horowitz, Three Arrows Capital, and Justin Sun.
The tokens were initially sent to Terra Deployer from an anonymous address on Thursday and then sent to the relevant individuals, in order to imitate Terra’s official airdrop.
However, as Do Kwon made clear in his Terra ecosystem revival plan, UST and LUNA holders with assets bridged off of Terra are likely not to be eligible for the airdrop. In other words, so-called “airdrops” taking place on Ethereum and other chains are fraudulent.
Terra’s plan involves forking the Terra blockchain and issuing an all-new LUNA token. The old LUNA – which was debased to nothing after UST de-pegged from the dollar earlier this month – will be renamed “LUNC”.
The new LUNA will be distributed to holders of LUNC and UST ba...
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May 26, 10:39 am
| | Terra 2.0: This is What LUNA Holders Need to Know
Over the past couple of weeks, the crypto world was shaken by the sudden collapse of the Terra ecosystem. After its algorithmic stablecoin (UST) lost its dollar parity, everything came crashing down, leaving many investors with nothing as LUNA quite literally went to $0.
Now, the community has voted and accepted a proposal that would essentially se...
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May 25, 11:00 pm
| | Bitcoin On-Chain Activity Throttled After LUNA Collapse
Bitcoin on-chain activity has fallen into the red after the infamous LUNA collapse. The collapse had no doubt reduced faith in the cryptocurrency market and has seen investors significantly reduce their activity in the space. This has led to losses across the board for miners as fee revenues, transaction volumes, and transaction values have all plu...
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May 25, 10:00 pm
| | A New Terra Network Is Coming With Support From Major Exchanges, LUNA an...
According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called 'Terra Ecosystem Revival Plan 2' has been amended and the final release of the new Terra Core codebase has b...
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