After purchasing over $1 billion worth of bitcoin in weeks, Terra has turned its sights to other cryptocurrencies. Both Terraform Labs and the Luna Foundation Guard announced plans to execute in total two token swaps worth $200 million with Avalanche. CryptoPotato reported the frequent BTC purchases from Terra, as the team wants to build up...Read More
The Web3 investment fund – LongHash Ventures – teamed up with Terraform Labs to establish the LongHashX Accelerator Terra cohort. The join product will aim to reach founders and startups building in the Terra ecosystem. Terra’s Latest Partnership According to a document seen by CryptoPotato, the agreement will bring Terra’s first global accelerator program to...Read More
Terra (LUNA) has hit a new all-time high of $115.23 The LUNA Foundation is determined to keep buying Bitcoin Terra’s founder wants to increase LUNA’s Bitcoin reserves to $10 Billion and to be the single largest holder of Bitcoin after Satoshi LUNA and the purchases of the Foundation could ignite a Bitcoin and crypto-wide bull...Read More
A day after getting into a million-dollar worth bet against a cryptocurrency community member on where LUNA’s price will be in a year (lower or higher than $88), Terraform Labs CEO has doubled down by putting another $10 million in a new bet. As CryptoPotato reported yesterday, Do Kwon agreed to a $1 million bet...Read More
Although many exciting developments take place quite often in the cryptocurrency space, it’s not every day we see someone betting a million dollars on whether or not the price of a coin would be higher or lower than the current. Well, that’s exactly what happened hours ago. Well-known cryptocurrency community member going by the Twitter...Read More
Terra Luna has been performing exceptionally well today, rising from a low of $84 and peaking at $104. Is this the beginning of a bull market for Terra? Let’s look at what Terra Luna is precisely and why the price is rising so much? What Is Terra Luna? The Terra protocol is a leading open-source,...Read More
As Terra ascends the ranks of the top ten cryptocurrencies, its popularity as a yield generator continues to soar. It is now the second most staked crypto by value, surpassing even Ethereum 2.0. Staking VS DeFi To be clear, this “staked” value does not refer to the “total value locked” in the DeFi protocols on...Read More
THORChain (RUNE) surged by over 70% this week, up to $5.5, on a series of encouraging technical developments in its ecosystem. The decentralized liquidity protocol surged ahead of the long-awaited mainnet launch and integration with Terra. THORChain allows users to easily exchange cryptocurrency assets. It also enables them to swap assets in permissionless settings without...Read More
The $38.15 million deal will focus on promoting Terra across various parts of the sports franchise’s home venue and TV network. Implementation of Terra’s UST stablecoin as an accepted currency in venue transactions is yet another area of interest, said the baseball team. Enhancing the Terra Brand According to the official press release, the Terra...Read More
The Swiss fintech company – 21Shares – announced the listing of three exchange-traded products on Euronext Paris and Amsterdam. The ETPs will track the performance of Chainlink, Terra, and Uniswap. More ETPS From 21Shares The Switzerland-based investment product issuer has been active on the digital asset scene lately. Last week, it listed Aave, Chainlink, and...Read More
Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant...Read More
While the broader crypto market is still struggling with the bearish trends from last week, LUNA, the native cryptocurrency of the Terra ecosystem, is currently one of the best-performing assets in the market. According to data by CoinGecko, LUNA has gained over 50% within the last seven days, and despite the weekend crash, hitting a...Read More
