New Terra LUNA Token Approved, 29 Moonbirds NFTs Stolen, Swiss Bank Enables USDT Deposits

Written by Lindi Miti

May 26, 2022

New Terra LUNA Token Approved

Do Kwon’s proposal for a new Terra Luna token has been approved by the Terra community. Sixty-five percent of the voting governance members voted in favor of his revival plan. Terra will deploy the new blockchain on the 27th of May. The token for the new blockchain will be Terra Luna. The token for the old blockchain will be Luna Classic. 

Terra took a snapshot of all Luna holders before and after the crash and will airdrop the new Luna tokens to their accounts. The new Terra Luna will not have a stable coin. Several cryptocurrency exchanges will support the fork.   

29 Moonbirds NFTs Stolen

Twenty-nine Moonbird NFTs, valued at $1.5 million, were stolen during a phishing attack on Wednesday. The victim, a member of Proof Collective, clicked on a malicious link leading him to a fake trading website. Proof of Collective, an exclusive NFT group, and its members are working on a full report to the FBI. 

Moonbirds is a collection of 10 000 NFTs, with a floor price of 23 Eth. Proof_xyz, the creator of Moonbirds, froze the 29 stolen NFTs. He also sent the scammer a warning message to return the NFTs or answer to the police and the FBI.

Swiss Bank Enables USDT Deposits

Dukascopy Bank SA, a Swiss online bank, has made the deposit and withdrawal of Tether USDT stablecoin available to its clients. Dukascopy now allows clients to fund their multi-currency accounts (MCA) using Bitcoin, Ethereum, and USDT. The online bank offers its clients banking services, online trading, and other financial services. 

Dukascopy clients can fund their MCA accounts by directly depositing Bitcoin, Ethereum, or Tether from their cryptocurrency wallet. The cryptocurrency is automatically converted into fiat US dollars and credited to the balance. Cryptocurrency withdrawals work in the same manner. The bank converts fiat US dollars into Bitcoin, Ethereum, or USDT, at the current price of the asset and transfers the funds directly to the cryptocurrency wallet.

Written by Lindi Miti © Crypto University 2022

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