Tag: do kwon

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

February 12, 2022

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals…
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UST Gets Listed on Binance and Huobi, Propelling Terra to $100

December 26, 2021

UST, the main stablecoin of the Terra project, is being integrated into Binance and Huobi, two leading exchanges by trading volume, expanding the options that users have to trade the stablecoin. After these announcements, The price of LUNA, the governance asset of the Terra project, broke its previous all-time high, going over $100 for the…
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Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted

December 4, 2021

The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement…
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SEC Files Action Against Terraform Labs CEO Do Kwon Regarding Mirror Protocol

November 15, 2021

The United States Securities and Exchange Commission (SEC) has introduced an action against Terraform Labs, the company behind the design of the Terra blockchain, and its co-founder and CEO Do Kwon. The SEC is seeking an order for Kwon to comply with a series of subpoenas he has failed to address. The investigative subpoenas seek…
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Terra to Burn $4.5 Billion Worth of LUNA From Community Pool

November 13, 2021

Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and according to proposals 133 and 134, the LUNA will be burned and swapped for the native stablecoin of the chain, UST. This burn is expected…
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XDEFI Wallet integrates Terra and launches liquidity program

October 28, 2021

The platform reported 35,000 users to its Chrome extension wallet in the first few weeks following its launch. XDEFI Wallet, a browser-based service for decentralized finance (DeFi) and nonfungible token (NFT) assets, has officially integrated the layer one blockchain protocol Terra on its platform following a number of weeks of testing and development. With the…
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Terraform Labs CEO Do Kwon Is Suing the SEC

October 25, 2021

Do Kwon, co-founder and CEO of Terraform Labs, the company that backs the Terra blockchain ecosystem, is suing the U.S. Securities and Exchange Commission (SEC). Kwon, who was served a subpoena while appearing at Messari’s Mainnet conference as a presenter, states this behavior was against the SEC’s own policies, and that they needed to go…
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