The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
Saturday, June 10, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
ADVERTISEMENT
Home Altcoin

Everything at a glance: That was what happened at Terra this week

by Ashutosh Thakur
May 24, 2022
in Altcoin, News Story
30
0
Everything at a glance: That was what happened at Terra this week
31
SHARES
1k
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

On the issue of Bitcoin (BTC) supply

Bali wants to crack down on crypto-payments

Binance under dark clouds

The crash of the former flagship project Terra (LUNA) sent shockwaves into crypto space from which the ecosystem seems to be slow to recover. Meanwhile, the fallen star is in rapid succession. Here are the current developments of the week at a glance.

Do Kwon requests a hard fork at Terra

Earlier this week, Terra founder Do Kwon unveiled a second revival plan for his collapsed network. In it, the South Korean demanded, among other things, one Hard Fork. Specifically, the “old” chain should be called Terra Classic, while the new chain will continue to operate under Terra. In addition, the focus of the project should be shifted to Defi applications and separate from the failed stablecoin UST.

However, the Terra community was all but sympathetic to the proposal excited. At the current time, over 7,000 users took part in the poll part. 91 percent of the votes rejected the proposal. The vote among the validators is still ongoing, so far a contrary picture has emerged.

Terra Legal quits

On Wednesday then further negative reports from Terra. This is how three leaders of the legal department are supposed to have quit service. That’s from the LinkedIn-Profiles of those responsible emerged.

Do Kwon face legal consequences?

Legal support for Terra is now more important than ever. Like on Friday famous was, injured South Korean investors filed a class-action lawsuit against the former star project of Do Kwon have submitted. Among other things, the confiscation of the South Korean’s property is in the room. The law firm LKB & Partners is also reviewing lawsuits against Shin Hyun-Seung, co-founder of Terraform Labs, who says he left the project in 2020.

In addition, the authorities in the Southeast Asian country are now said to be investigating tax evasion initiated against the founder of the crypto project.

Tags: Crypto newsLUNATerra

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

On the issue of Bitcoin (BTC) supply
News Story

On the issue of Bitcoin (BTC) supply

June 8, 2023
1.9k
Bali wants to crack down on crypto-payments
News Story

Bali wants to crack down on crypto-payments

June 7, 2023
1.9k
Binance under dark clouds
News Story

Binance under dark clouds

June 7, 2023
1.9k
Mercado Bitcoin authorized as a payment institution in Brazil
News Story

Mercado Bitcoin authorized as a payment institution in Brazil

June 7, 2023
1.9k
Coinbase stock takes a 20% slap following SEC complaint
News Story

Coinbase stock takes a 20% slap following SEC complaint

June 7, 2023
1.9k
El Salvador: Tether bets $1 billion on green bitcoin mining
News Story

El Salvador: Tether bets $1 billion on green bitcoin mining

June 6, 2023
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Important Update On The Celsius Network

Important Update On The Celsius Network

June 14, 2022
TCS-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Quorums and Quorum Slices -The Blockchain Cafe

What Are Quorums and Quorum Slices?

December 4, 2021
OneCoin: the $4 billion Ponzi back in court

OneCoin: the $4 billion Ponzi back in court

0
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
Binance Launches Training Program for Government Agencies

Binance Launches Training Program for Government Agencies

0
NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

0
Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

June 9, 2023
On the issue of Bitcoin (BTC) supply

On the issue of Bitcoin (BTC) supply

June 8, 2023
Bali wants to crack down on crypto-payments

Bali wants to crack down on crypto-payments

June 7, 2023
Binance under dark clouds

Binance under dark clouds

June 7, 2023
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version
x
x