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The price of the controversial algorithmic stablecoin TerraUSD (CRYPTO: UST) and its sister cryptocurrency Terra (CRYPTO: LUNA) surged today after project founder Do Kwon's proposal to rescue the embattled project received approval from the Terra community. Over the last...
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, has been invited to participate at the B. Riley Securities 22 nd Annual Institutional Conference, which is being held at the Beverly Hilton in Beverly Hills, Calif., May 25-26, 20...
Earlier this month, the Terra (CRYPTO: LUNA) blockchain effectively collapsed. The breakdown started when stablecoin TerraUSD (CRYPTO: UST) lost its peg to the U.S. dollar and the built-in arbitrage mechanism failed to resolve the problem. At that point, panicked investo...
May has been a rather dismal month for stocks, bonds, cryptocurrencies , and just about every asset class outside of a few commodities. However, for Terra (CRYPTO: LUNA) and its algorithmic stablecoin, TerraUSD (CRYPTO: UST) , it's been cataclysmic. Many may suggest ...
Last week, the Terra (CRYPTO: LUNA) blockchain effectively collapsed. It started when the ecosystem's stablecoin, TerraUSD (CRYPTO: UST) , lost its peg to the U.S. dollar. At that point, the built-in arbitrage mechanism -- which uses the Luna coin to control stablecoin v...
Over the last 24 hours, the price of the algorithmic stablecoin TerraUSD (CRYPTO: UST) and its sister cryptocurrency Terra (CRYPTO: LUNA) continued to trade with intense volatility. The price of TerraUSD has plunged more than 31% as of 10 a.m. ET today, while the price o...
The collapse of the Terra (CRYPTO:LUNA) ecosystem has shaken investor confidence significantly. It has brought forward the risks associated with investing in an extremely volatile asset class. Several financial experts have rightfully advised investing as much as you can afford ...
You've heard of falling stars. Now we have a falling moon -- at least in the crypto world. Over the past several days, the price of Terra (CRYPTO: LUNA) crashed. The digital token lost nearly all of its value . The panic also boiled over into other cryptocurrencies. Sh...
Terra’s legal team resigned as UST lost its dollar peg and collapsed, pushing the Luna token to zero, according to sources familiar with the matter. As reported by the crypto publication The Block on Tuesday, some members of Terraform Labs’ legal team left as the c...
What a week it's been for Terra (CRYPTO: LUNA) and its algorithmic stablecoin TerraUSD (CRYPTO: UST) . Trading right at its peg of $1 per token as of May 9 (where it should be), UST is now trading around its all-time low, at just above $0.11 as of 3 p.m. this afternoon. This...
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Luna Innovations Incorporated (NASDAQ: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announced the appointment of Kevin Ilcisin as its new President and Chief Executive Officer, the retirement of Richard Roedel from the Board of Directors (th...
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