After undergoing a massive crash that shocked the cryptocurrency community, the Terra (LUNA) token is witnessing a pumping activity as a section of investors bet on the coin’s resurgence.
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after the unknown person broke into the apartment building and rang the doorbell asking for Kwon.
Blockchain is a a type of database or a digital ledger that records all transactions related to the crypto coins.
Crypto is now a real existential threat to the traditional financial system and someone is really unhappy about that.
CZ says no value can be created from Do Kwon's proposal to fork LUNA to a new version to save the ecosystem
DOGE coin price analysis shows another 5 percent decline on the daily chart
The complaint claims that investors placed GYEN orders believing its value was pegged to the Japanese yen, but the price soared seven-fold before plunging 80%.
Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”
Many companies and customers are driving in the direction of commerce based on blockchain, also comprehended as cryptocurrency.
As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency.
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