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Crypto Rout: Another Stablecoin Falls After UST and Luna

Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catch pneumonia. This has persisted this year due to fears of recession. That concern in turn has been fueled...
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Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator

SEOUL, May 19 (Reuters) - Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week after its paired stablecoin TerraUSD collapsed. Both tokens are affiliated with Terra, a blockchain...
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U.S. Forest Service says Luna Has Been “Invaluable”

The Luna Community College campus in Las Vegas has been the main Incident Command Post for the U.S. Forest Service since April 10, right after wildfires started in northeastern New Mexico. During this disaster, over 1,000 Forest Service personnel, firefighters, law enforcement officers, and Emergency Medical personnel worked out of the Luna campus on a daily basis.
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Billionaire Mike Novogratz breaks silence on Luna after hyping the coin for years, including with his own tattoo. ‘It was a big idea that failed’

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. Michael Novogratz, CEO of Galaxy Digital, is a known supporter of the Terra ecosystem, including its Luna cryptocurrency and so-called stablecoin TerraUSD (UST). In January, for example, Novogratz tweeted a...
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Terra ($LUNA) Binance Holdings From $1.6 Billion to Less Than $3,000

Leading cryptocurrency exchange Binance has revealed it could have reaped $1.6 billion from a $3 million investment into the Terra ($LUNA) ecosystem, but never touched its holdings and as a result, they’re now worth less than $3,000. On social media Binance’s CEO Changpeng “CZ” Zhao update the cryptocurrency community...
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Binance founder says he is ‘poor again’ following devastating crash of the Luna cryptocurrency

The founder of Binance has joked that he is “poor again” after losing billions of dollars worth of cryptocurrency following the market’s crash.In a tweet on Monday, Chanpeng Zhao said that Binance held 15 million Luna tokens. Last week, the price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.Poor again.https://t.co/88v2U2vjfM— CZ 🔶 Binance (@cz_binance) May 17, 2022Binance had received the tokens in exchange for its $3 million investment in 2018 into the Terra network that is the foundation of Luna.However, Mr Zhao maintains a net worth of approximately $14.8 billion,...
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