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Almost two months after Terra collapsed following TerraUSD (UST)'s implosion, more than 48 projects previously on the network have begun migrating to Polygon. "The Hash" squad discusses what this means for the fate of the Terra ecosystem.
Authorities in South Korea have uncovered a fraudulent business called Flexi that Do Kwon is accused of using to swindle money from Terra.
The ongoing inquiry into Terra's crash has reportedly taken a new turn as authorities have connected a new crypto entity called “Flexe” to Terra and Do Kwon, according local Korean news outlet KBS news. Terra's Secret Subsidiary Belongs To Do Kwon The Terra debacle doesn't appear to be over.
According to Korean local news site KBS news, the ongoing investigation for Terra's crash has taken another turn as investigators have now linked a new crypto entity “Flexi” to Terra and Do Kwon. Details of the corporation were not made public Since the crash of TERRA/LUNA in April, investigation is carried out earnestly and it The post Terra (LUNA) Saga Is Not Over Yet, Korean Prosecutors Discovers Another Domestic Subsidiary Of Terra “Flexi” appeared first on CoinGape.
As the crypto space witnessed ease in the selling pressure, almost all the asset witnessed a significant upswing. Additionally, the BTC price currently resides above $20,000 which may induce a remarkable strength.
Recently, South Korea's Minister of Justice Han Dong-hoon made a trip to New York to meet with US officials to.
Algorithmic stablecoins are higher-risk than asset-backed stablecoins, but that doesn't mean they will never work, Changpeng Zhao says.
Yesterday's trading session saw Terra Luna's price drop below the $1.5 price level for the first time since its launch
Selling pressure on Polygon's MATIC is climbing as the altcoin struggles to recoup losses.
FatMan Terra, in a Twitter thread, revealed how an unnamed “friend” pumped Dock (DOCK) via billboard advertisements and a BitBoy Crypto video. The post FatMan Terra reveals inner workings of alleged DOCK pump and dump scheme appeared first on CryptoSlate.
On January 5, Novogratz first proudly displayed his LUNA-inspired tattoo for his Twitter followers
The collapse of algorithmic Terra USD has created many setbacks and distortion in the broader crypto space. The outcome could only be better imagined for most projects running on the platform.
May 2022 was one of the most eventful months in crypto as it saw a project ranking among the top-ten largest coins by market cap [...]
Dunamu, the operator of South Korea's largest crypto exchange Upbit, on Tuesday said it will invest nearly $380 million and create 10,000 jobs over the next 5 years. The crypto exchange owner will also open offices across South Korean cities and help startups enter the Web3 ecosystem.
Terra projects starts moving to Polygon after the UST debacle and more than $20 million were earmarked already to help these projects so let's read more today in our altcoin news. More than 48 Terra projects started migrating to Polygon two months after the Terra ecosystem crashed with the implosion of the UST stablecoin.
Polygon (MATC) is a hot topic among crypto traders on Monday as projects from Terra (LUNA) have started migrating to the blockchain.
The Terra (LUNA) crash was one of the decisive moments for the whole crypto space where the stability of stablecoins and the whole crypto market were questioned. In just one week, the crash washed-out $40 billion of investor's money. However, very soon after the Terra crackdown, Polygon found an opportunity and approached Terra for help. …
Around 48 projects built on Terra switched to Polygon (MATIC).
In mid-May, Polygon Studios' CEO revealed working closely with several Terra-based projects to help them migrate over to the layer 2 network.
The Terra blockchain is experiencing a mass exodus post its collapse, as projects have been leaving the network for Polygon. NFTs Choose Polygon So far, 48 projects have migrated to the Ethereum Layer 2 protocol, Polygon, since the collapse of the Terra network.
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy.
Over $20 million had been earmarked to help projects making the move.
Crypto projects formerly based on the Terra blockchain are now dumping the network in favor of the popular network, Polygon. According to a report, about 48 projects have formed an alliance which has seen them move to the Polygon network.
Over 48 projects that used to run on Terra blockchain have been jointly migrated to the Polygon ecosystem, including the well-known Lunaverse (LUV) Metaverse platform, OnePlanet NFT marketplace, and Derby Stars play-to-earn (P2E) games.
