#terra luna crypto

[tomorrowusa]

I haven’t mentioned for a few weeks what a shit show crypto is. So let John Oliver do it far better than anybody else can.

I’ll just add is that the only value crypto has is the value that people think it has. As John Oliver put it, it’s totally based on “good vibes”. It’s essentially just digital play money that people buy with real money.  

One of the sketchy crypto characters John mentioned is Do Kwon. He is now in custody in Montenegro – nabbed while fleeing arrest by the authorities in the US and South Korea.

Interpol confirms arrest of crypto fugitive Do Kwon in Montenegro

[dencyemily]

Binance Burns 2.1B LUNC Tokens, Driving Terra Luna Classic Toward 100B Token Milestone for Market Stability

Binance eliminates 2.1B LUNC, near 100B token burn, Terra Luna Classic community, market stability. Terra Luna Classic edges closer to 100B token burn, Binance’s significant 2.1B contribution, key milestone. Community and Binance burn nearly 100B LUNC tokens, united effort, secure Terra Luna Classic’s future.

Binance, world’s largest crypto exchange, executes substantial token burn, removes 2.1 billion Terra Luna Classic (LUNC) tokens from circulation. Latest burn, ongoing effort, Terra Luna Classic community, reduce number of LUNC tokens, campaign on brink of eliminating 100 billion tokens. Initiative aimed at stabilizing token’s value, testament to community’s commitment, project’s long-term viability.

Binance’s recent action, 18th instalment, LUNC token burn series, total tokens incinerated by exchange, over 50 billion. More than half of total LUNC tokens burned by community. Tokens sent to designated burn address, effectively removed from circulating supply. Binance’s move part of broader community effort, contributions from other exchanges, validators, Terra Luna Classic stakeholders, reducing token’s supply.

Terra Luna Classic community collectively burns nearly 100 billion LUNC tokens, milestone, widespread support, token’s stabilization, growth strategy. Average weekly burn rate, 600 million tokens, sustained and coordinated effort across ecosystem. Community-driven initiative, reduced supply, sparked positive reaction in market. Trading volume of LUNC, significant uptick, reported 68.30% increase in last 24 hours.

Market capitalization of Terra Luna Classic, approximately $677.97 million, notable player in cryptocurrency market. CoinGecko reports notable price surge, outperforming global cryptocurrency market, peers in Smart Contract Platform category. Positive price movement, indicative of market’s optimistic response to community’s efforts to burn tokens, enhance token’s value.

Collective endeavor to burn Terra Luna Classic tokens, remarkable example of community collaboration in cryptocurrency sector. Binance’s significant contribution, coupled with sustained efforts of Terra Luna Classic community, highlights proactive approach to token management, market stabilization. Campaign nears 100 billion token milestone, positive market response, increased trading activity, growing confidence in Terra Luna Classic’s potential for long-term success.

[vinctadi]

Cryptocurrency Future 2023 After FTX and Luna!

“CRYPTO IS DEAD - IT’S OVER!!!”

This is what I keep seeing from people trying to scaremonger & spread fud - but even this report from the World Economic Forum disagrees.

Let’s face it, 2022 was a brutal year for Crypto. The winter was expected but the massive peak we all hoped for never came. Then we had several catastrophic events starting with the collapse of TerraLuna, followed by 3AC, Celcius, Voyager, and then the FTX Blow up, each one rattling the market further and further.

2 Trillion was wiped out from the markets - Bitcoin is down 65% from its peak, Ethereum 75%, and many others far more. Frankly considering 5 disastrous events it’s amazing it wasn’t even worse. But we’ve seen these declines before many times, and it always recovers, because the technology speaks for itself.

Let’s not forget, these terrible events were not the failure of Blockchain or Crypto - they were the failure of centralized entities behaving badly, like the banks have before many times, and not operating in a decentralized manner akin to Satoshi’s vision.

Regulation will come - and it’s needed - but what we need is more Decentralization - a move to Defi - because I trust computer code a lot more than I trust SBF or Do Kuan. It’s about having a trustless system where smart contracts always deliver.

As the WEF report says “Cryptography and blockchains will continue to be integral parts of the modern economic toolkit”. With 40% of all dollars being printed in the last two years, inflation spiraling out of control, diminishing everyone’s savings and governments juggling uncontrollable amounts of debt, the solution is not endless money printing, it’s Bitcoin and the Blockchain with a fixed supply that can’t get diluted.

2023 may still be a very tough year in the markets, but what 2022 proved is that the technology is robust and the long term outlook is strong for the future of money.

[bigbraincrypto]

Terra Luna Cryptocurrency

Terra LUNA is a Decentralized Finance (DeFi) Blockchain Protocol supporting the ecosystem of users minting, managing, and hour trading volume stablecoins which can be tied to any type of fiat currency. Stablecoins which can be tied to any type of fiat currency. The Terra (LUNA) protocol generates stablecoins that track the lunc price today of any fiat currency using a combination of market arbitrage incentives and decentralized oracle voting. The Terra stablecoin tracks the usd prices of fiat currencies such as dollars and euros, and the Luna is used for governance and mining.

Terra leverages a algorithmic stablecoins basket based on a fiat peg, which is stabilized by algorithms from its reserve currency, Luna classic, to promote programmable payments and the development of an open financial infrastructure. It should also be noted that Terras LONA stablecoin focus allows it to avoid volatility associated with other largest cryptocurrencies , such as Bitcoin and Ether. Terra (LUNA) will proceed without collateralized UST lunc tokens, and it is committed to maintaining Terra ecosystem, which has hundreds of developers working on various decentralized applications.

The aim of the Terra Luna project is to develop a currency that is both profitable and useful. It uses cryptography to provide secure transactions between users without relying on central authorities. To achieve this goal, Terra Luna implements many technical improvements over other cryptocurrencies like Bitcoin. For example, in order to make sure the currency remains secure, its code was written from scratch using top programming languages like C++11. It also works with nodes that use SSL for added security. Finally, it has a multi-signature feature that ensures a transaction can't happen unless more than one user approves it (e.g., when two people are sending money to each other). Because of the many changes made to the currency's code, it is considered a fork of Bitcoin Core. As such, it is developed as a separate project. Terra Luna Cryptocurrency was created by Evan Duffield and other developers. At the time of writing, it uses the Keccak hashing algorithm to secure transactions.

Cryptocurrencies like Bitcoin, Litecoin, and Ethereum are very popular in the world today. Most of us have heard about the cryptocurrencies, and some have even used them. Many have heard of the blockchain technology that they use and how it works, but what is the blockchain? To understand this concept, you must first understand how systems like these work.

Like any other currency in existence today, Bitcoin uses a system to ensure trust among users. It is called cryptology; this process ensures that only those who control private keys can use Bitcoins in transactions. The private keys are used to sign transactions and assign ownership rights to those transactions to guarantee security on the network. The majority of bitcoins are mined by computers solving complicated mathematical problems through a process called mining (similar to mining gold) and transferring them when solving these problems.

LUNA tokens will be distributed via airdrops amongst the stakeholders, holders, remaining UST holders, and the core developers behind Terra Classic applications. The new chain is secured using the Proof-of-Stake consensus algorithm, built on top of Tendermint, where holders of the LUNA token stake their coins as collateral for validating transactions, receiving rewards in proportion to the number of LUNC tokens that they have staked in UST collateral. The Terra protocol runs on the Proof-of-Stake (PoS) blockchain network, in which miners need to stake their Luna coins to mine transactions.

The Terra LUNA protocol has expanded, offering stablecoin luna developers the ability to create Terra DeFi projects. Terra (LUNA) has recently seen some milestones and notable developments that could potentially boost the value of Terra (LUNA) tokens. In LUNA current price live data The current terra price is $1,666,302 apiece (LUNA/USD) with the current market capitalization at $209.83 million.

The value is reached using TerraUSD (UST) using an algorithm powered by smart contracts which will burn the Luna (LUNA) tokens in order to mint new UST tokens. In this scenario, users could purchase 1 UST at $0.995, then use the market-swap function on Terra Station to swap 1 UST for 1 Luna. If the Terra UST token is valued less than $1.00, users can purchase one UST for $0.99, and then burn 1 UST to get $1.00 in the native token, earning $0.01 per burn.

If You’re into crypto:

Visit https://bigbraincrypto.blogspot.com/

[elcopttan]

حرب الكريبتو 🔥 أهم أخبار البيتكوين والعملات الرقمية 👀🍿Bitcoin - Crypto -...

[mgeist]

The Law Bytes Podcast, Episode 149: Ryan Clements on the FTX Collapse and Canada’s Approach to Crypto Regulation

The Law Bytes Podcast, Episode 149: Ryan Clements on the FTX Collapse and Canada’s Approach to Crypto Regulation

The stunning collapse of FTX, one of the world’s leading crypto exchanges, has not only shaken the crypto world but called into question the future of blockchain and digital assets. In a year of repeated failures and crashes, the calls for increased regulation are getting louder. Ryan Clements is a law professor at the University of Calgary, where he holds the chair in Business Law and Regulation…

[aixxriston]

Biswap (BSW), Terra Classic (LUNC) Holders Buy More Chronoly (CRNO) As It Launches on 6 October

The highly volatile crypto market still boasts of a token like Chronoly (CRNO) that has managed to weather the crypto waves without losing its value. The duo of Biswap (BSW) and Terra Classic (LUNC) have witnessed massive dumps by their holders in recent times due to the bearish posture of the crypto market. These two projects are backed by reputable individuals and influencers and offer exciting use cases.

Since the market is highly volatile, it is a no-brainer for investors to jump ship in search of projects that can beat the bear market, and that's why they are purchasing more Chronoly (CRNO), even as the latter's pre-sale has completely sold out.

Read on to find out the reason behind the ship jumping and other developments on the market.

Will Biswap (BSW) Get The Momentum Back?

The constant crypto crashes have taken a toll on not only Bitcoin, but also on smaller projects like Biswap (BSW). The market downturn has made token holders dump the project for a viable alternative like Chronoly (CRNO). However, the developmental team is working round the clock to reverse the narrative. First, it has partnered with reputable influencers to promote the brand and generate more younger leads/investors. Secondly, the team plans to list the native token, BSW, on multiple decentralized exchanges. The essence of the listing is to encourage massive adoption by investors from across the world.

At its core, Biswap (BSW) is a decentralized exchange that's built on the Binance Smart Chain to help crypto users easily swap tokens. Biswap (BSW) has a low crypto trading fee of 0.1%. As of the time of writing this piece, Biswap (BSW) trades for $0.263081 USD with a 24-hour trading volume of $5,945,816 USD.

Can Terra Classic (LUNC) Reach $1 By 2023?

Terra Classic (LUNC) experienced a boost from new users in the first quarter of 2022, and then the bear market struck the global crypto market. As with Biswap (BSW), Terra Classic (LUNC) holders have also joined investors jumping ship to join the Chronoly (CRNO) bandwagon. The reason for this may not be unconnected to the massive growth experienced by Chronoly.

Luna Classic (LUNC) is the original Terra Luna coin left behind following the launch of a new Terra chain after the recent UST/Luna collapse. Despite the move by Terra Classic (LUNC) holders, the project's CEO has assured the remaining investors still in the network that the bear market is temporary and that LUNC token will recover once the market breaks support.

At press time, Terra Classic trades for $0.000297 USD with a 24-hour trading volume of $286,803,165 USD.

Chronoly (CRNO) Launches On October 6 After a Successful ICO

Despite the dip in the global crypto market, Chronoly (CRNO) has been more successful than the duo of Biswap (BSW) and Terra Classic (LUNC). The reason for the success is not far-fetched: Chronoly (CRNO) is a project that is backed by real assets. Timepieces or luxury watches have been proven to be a hedge against inflation.

Timepieces usually shine during government upheaval and war, and the Chronoly team decided to invest in this space. Chronoly (CRNO) is an Ethereum-powered marketplace that's scheduled to launch on October 6. The marketplace will allow traders and investors can buy, sell, and trade in rare luxury watches from popular brands like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet, with as low as $10.

Since its inception, Chronoly (CRNO) has grown by over 690%, attracting the attention of both institutional and retail investors from across the world. The Chronoly team recently completed and sold out its ICO. With the milestone recorded in the just concluded ICO, the Chronoly team will redouble its efforts to provide users with the opportunity to earn membership benefits and lottery prizes.

[brostateexam]

Shoba Pillay, the court-appointed examiner in the bankruptcy of Celsius Network, filed her final report in the early hours of January 31 — with 476 pages of the report itself and over 200 pages of appendices. [Examiner Report, PDF]

Pillay’s interim report in November 2022, on who owned cryptos in Custody or Earn accounts and under what conditions, was wild enough. And that was before Pillay looked into whether Celsius was operating as a Ponzi scheme.

We recommend you read at least the 30-page executive summary of this report. It reads like a criminal indictment. It isn’t one, but Pillay, a former federal prosecutor, knew exactly what sort of document was needed.

Pillay got access to Celsius’ documents, accounts — such as they were — and internal email and Slack archives. But Celsius employees also spilled their guts to her. Even Celsius CEO Alex Mashinsky was sure he could talk his way through this one.

So many blatant crimes were confessed. It leaves Sam Bankman-Fried’s recent “my crimes” press tour in the shade.

Celsius was not just fraudulent. It was an utterly incompetent investment business. The collapse of Terra-Luna was the death blow, but the company had never been healthy, profitable, functional, or even solvent at any point.

We were 100% correct when we predicted that Celsius would be worse than anyone imagined. Though to be fair, this was like predicting 4 from 2+2, or  “Ponzi” from “Alex Mashinsky.”

Mashinksy ignored everything his well-meaning employees told him, overruled all warnings, and blatantly lied to customers. This guy belongs in a cell.

[cherrynika]

It's been 3 years since he was cancelled. 3 years of off-on retail work, attempting to reunite with Max, and attending uni part-time. Esteban, annoyingly, has not only graduated but scored a deal with Kiki.K to make bullet journals. Bullet journals were PIERRE'S thing--total productivity hack. Esteban even stole his idea to add a special page of grid paper for each week, to track stock prices.

Pierre had said, to track the price of Bitcoin and Luna. But everyone knows what happened to that. He didn't just lose his followers, he got anonymous messages with audio attachments after Terra and Luna cratered overnight. At first he opened them, his curiosity, after all, had led him to the high point of becoming the first crypto influencer in France. But it was just screaming, sobs, inchoate shrieking. That was creepy enough, but then he got messages from unknown sources saying they knew he lived in the 6th arrondissement, and that they'd lost their house, their retirement, their second home in the alps, car downpayment, the chance to holiday in Bali, he knew it was time to go dark.

It was so annoying. Every time he started something new, like tarot or astrology podcasts, they'd hunt him down.

Pierre always said, none of his videos were financial advice. And yet.

[fitmintwear]

FTX Fiasco: Rise and Fall of Bankman-Fried

The cryptocurrency market has experienced a whirlwind of activity over the last week, which will be remembered for a great many years. Unquestionably, 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This is due to the fact that the cryptocurrency industry was finally taken seriously and discussed on a global scale for the first time since the creation of Bitcoin back in 2008–2009. Terms like cryptography and Web 3.0 were becoming more widely used by non-technical people as well.

The Axie Infinity Ronin bridge attack, the Terra LUNA crash, and the collapse of the FTX exchange, one of the second-largest cryptocurrency exchanges by volume in the world, were among the worst crashes of 2022. In this article, we will be taking a closer look at the timeline of events and understand what led to the collapse of the FTX exchange and the fall of the man who was once hailed as the savior of the crypto world- SBF.

Who is SBF- Sam Bankman-Fried?

SBF, also known as Bankman-Fried, was, until recently, the up-and-coming star of the cryptocurrency world with a net worth of $26 billion as he quickly joined the Bloomberg Billionaires Index. Bankman-Fried was raised in California by his parents who were Stanford Law professors. He completed his undergraduate work at the Massachusetts Institute of Technology in math and physics before working on Wall Street. He started FTX two years after founding Alameda Research in 2017.

What is FTX?

FTX (short for “Futures Exchange”) was a platform where users can purchase and sell digital assets like bitcoin, ether, and Dogecoin. Platforms like FTX rose in popularity in recent times as more and more people sought to invest in cryptocurrencies without having to deal with the technical aspects of it.

The rise of FTX

The exchange paid for flashy television commercials with A-list celebrities to promote itself as a secure and simple way to invest in cryptocurrencies. In addition to this, Bankman-Fried also purchased the advertising space in uniforms and sporting venues for Major League Baseball officials. The 2019-founded business gained international notoriety very quickly thanks to a number of aggressive marketing tactics, high-profile acquisitions, and low trading fees.

With the promise that they could invest their money in accounts and earn significantly higher yields than at conventional banks, even those who were unfamiliar with the technology were seduced by FTX. Major venture capital firms joined in and invested nearly $2 billion in the business. The 30-year-old founder of FTX, Sam Bankman-Fried, rose to prominence as the face of the business and, to some, of cryptocurrency in general. FTX was difficult to miss due to celebrity endorsements and significant sports sponsorships.

The Fall of FTX

It was only a matter of moments how the cryptocurrency market boomed after SBF launched FTX. Bitcoin’s price, which had previously fluctuated around $10,000, skyrocketed in 2021 and reached a high of more than $64,000. Venture capital funds poured into everything blockchain-related and digital currency-related, and crypto platforms shifted to draw users beyond the technologists and blockchain enthusiasts who had previously propelled its rise.

From its late 2021 highs, when it was generally considered to be a leading indicator of the larger cryptocurrency market, the price of bitcoin has fallen sharply. It currently trades for about $16,000. While it strongly affected the value of other cryptocurrencies and tokens, many significant platforms had already closed due to the general decline in the crypto industry. However, FTX appeared to be immune, even going so far as to acquire some of its faltering rivals.

But when CoinDesk, a cryptocurrency-focused digital media website, published the balance sheet of Alameda Research, a crypto investing company that also belonged to Bankman-Fried, things started to change. It revealed that Alameda had a sizable amount of FTT, a virtual currency developed by FTX. Even though the FTT had a certain market value, Alameda would be in danger of going bankrupt if the price dropped.

CZ (Changpeng Zhao), CEO of the cryptocurrency exchange Binance, a competitor of FTX, declared on November 6 that his business would offload all of its FTT tokens as a result of the leak of Alameda’s balance sheet. FTT’s cost dropped significantly. Many FTX users moved to remove their funds from the platform as the price fell.

The crypto community was already on edge despite the fact that the full extent of the connections between Alameda and FTX was not yet known. In the end, several billion dollars were poured out of FTX by people who rushed to withdraw their money before it ran out of funds. On November 8, FTX barred users from withdrawing funds from the system, which marked the fall of FTX. Not only did it shake the volatile crypto market, declining its overall market capitalization below $1 trillion, but also left some deep scars on the whole international crypto community that will have repercussions for years to come.

For More Interesting blogs like this visit our website : https://epillo.io/

[hustlerose]

I posted 6,392 times in 2022

2,107 posts created (33%)

4,285 posts reblogged (67%)

Blogs I reblogged the most:

@hustlerose

@iamoutofideas

@telltaletypist

@hotvampireadjacent

@caenus

I tagged 998 of my posts in 2022

#hs - 163 posts

#legendary - 13 posts

#<3 - 8 posts

#horror - 6 posts

#weh - 6 posts

#bark bark bark - 6 posts

#so true - 6 posts

#:) - 5 posts

#long post - 4 posts

#this is always happening to me - 4 posts

Longest Tag: 103 characters

#🤣😂🤣🤣💀👏👏👏👏🤣👏🤣👏🤣🤣🤣👏🤣🤣🤣👏🤣🤣🤣🤣👏🤣🤣👏💀💀💀🤣👏🤣💀💀🤣👏1️⃣💀😂🤣😂😂💀👏👏👏👏👏

My Top Posts in 2022:

#5

if you don't use bandcamp, i'd really encourage you to spend some time there. there's millions of artists on there putting out great material, a lot of which never even makes 1 sale, or breaks 10 plays

if you're new to the site, the front page is a good place to start. you can pick a genre and scroll thru it. by default it puts popular stuff up front, but i'd suggest looking at new releases

most albums have a "music you'll also love" section at the bottom of the page, so you can start from one thing and go down a rabbit hole. you can find whole scenes this way

or look at the genre tags that don't show up on the front page! find a sub-subgenre and explore something you've definitely never heard before. what's furrycore? dreamcore? post-hyperpop? progressive extreme metal? melodic juke?

bandcamp also tags music by location. what are ppl in your city making?

going out of your way to find new music can make an artist's day, or turn you on to something you wouldn't normally go for. think about it

40,639 notes - Posted April 5, 2022

#4

i’m not getting enough fucking enrichment. in my enclosure

42,602 notes - Posted April 24, 2022

#3

idk what joyless geek decided it was sinful to enjoy food and sex and earthly pleasure, but that guy was dead wrong

53,233 notes - Posted April 15, 2022

#2

so, to sum up the last couple weeks:

the NFT fad ended and several tokens that were supposed to be worth millions were sold for peanuts

terra luna tanked and dragged terra’s stablecoin off its peg. terra was the 3rd largest stablecoin at the time

meanwhile, people are starting to face legal consequences for stuff like fraud and money laundering

terra freezes their blockchain to prevent a run on the bank stablecoin

tether and dei also lose their pegs and tank

a court is forcing tether to reveal its reserve records to the public, which will definitely show that they’re backed by significantly less money than they claim

etherium and bitcoin both crash hard at the same time

tether’s market cap has dropped by several billion in the past few days, which might mean that some of the people at the top of the pyramid scheme are cashing out in dollars. just scooping up handfuls of money from tether’s reserves and running for the hills

crypto is fucking dying lol

56,764 notes - Posted May 19, 2022

My #1 post of 2022

i love you cumin i love you chili powder i love you ginger i lovr you soy sauce i love you garlic

85,735 notes - Posted February 28, 2022

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