Thursday, November 14, 2024
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Do Kwon proposes Terra revival, including token redistribution plan

Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic depegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged Terra (LUNA) tokens to practically zero. In a Friday post on Terra’s research forum, Kwon said, “The Terra community must reconstitute

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BTC price now has support above $40K as data shows Bitcoin ‘redistribution event’

Bitcoin (BTC) is “looking pretty good” as the week progresses as bulls line up challenges for several significant resistance levels.In an update to Telegram subscribers on March 2, Filbfilb, an analyst at trading suite Decentrader, joined increasingly bullish sentiment around the outlook for BTC/USD.Trader focuses on levels above $40,000After surprising

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