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Luna 2 0 Off To A Rocky Start, After Relaunch Of Failed Crypto Token

Results arent living up to expectations for a quick recovery held by many of the investors who received new Luna tokens following last months collapse of the cryptocurrencies tied to the failed Terra blockchain.

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Terra s New Luna Cryptocurrency Tanks After Debut As Investors Flee

The new token "luna" (LUNA), which serves as the main staking asset of the Terra blockchain, dropped to lows of about $3 after its debut on Saturday.

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MoneyGram Still Set to Add Stablecoin USDC Despite Terra s Meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes told Bloomberg. Remittances make up 20% of its GDP.

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Terra Backers to Keep Luna Alive, Abandon Stablecoin UST After Crash

Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of older luna or UST are likely to wait more than a year.

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Terra Will Split and Abandon Its Stablecoin After Losing Dollar Peg

Terra will split its original blockchain after its native stablecoin lost its peg to the dollar. The move will see the blockchain become Terra Classic and Luna Classic.

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