Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India aren’t as fortunate. Because the country’s tax system is punitive to crypto investing, TerraUSD and Luna token holders who got the […]
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Terra-Luna coins have been blacklisted by several crypto exchanges, including Binance and Coinbase after the staggering loss investors faced when the supply-demand ratio of the algorithmically designed stablecoins broke. Do Kwon, CEO and co-founder of Terra Labs has finally spoken on the crash of Terra-Luna stablecoins. The CEO is looking for a revival plan to […]
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The $3.5 billion in Bitcoin purchased as a reserve by the foundation set up by the creators of the failed Terra blockchain became untraceable after it was moved to two cryptocurrency platforms, according to blockchain forensics firm Elliptic.What happened to the cryptocurrency held in reserve may become a key question if investors seek to recoup […]
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