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Ronald Maguire

24 May 2022 196 Read Crypto , Altcoins , Blockchain

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Coinbase Blockchain API Stops Supporting Terra

Coinbase Cloud, the infrastructure arm of Coinbase, one of the largest crypto platforms in the world, made an important statement for businesses and developers interested in developing Terra (LUNA) APIs. Coinbase Cloud has stopped support for Terra's infrastructure. It also stated that in the decision taken in consultation with the customers and ecosystem participants behind Terra, the potential new chain of the Terra protocol will not be added to the node stack.

The Terra Ecosystem had crashed due to an error in the source code design of the LUNA/UST balance and a massive withdrawal of liquidity from the Anchor Protocol. The price of both LUNA and UST is now near zero.

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