Another Top Exchange To Delist Terra UST Over Collapse
The Terra UST token faced the axe from popular cryptocurrency exchanges like Binance, BitMEX, OKX and FTX in the last few days. In a latest move, another top exchange Gemini joins the list of exchanges that announced or already have Terra delisted.
Timeline of Terra-luna, Terrausd
FTX CEO: TerraUSD's Collapse Is A Case of ‘Mass Enthusiasm' Rather Than Deceit - CryptoGlobe
Billionaire Sam Bankman-Fried, who is the co-founder and CEO of crypto exchange FTX, says that Terra's stablecoin collapse was a case of “mass enthusiasm” rather than deceit. In a series of tweets, the 30-year-old FTX CEO, whose nickname is “SBF”, tackled TerraUSD's price collapse. The stablecoin, supposedly pegged to the value of $1, plunged to
After Terra Crash, Galaxy Digital CEO Warns Against Bottom Buying - Coingape
Mike Novogratz, CEO of digital asset manager Galaxy Digital, warned against trying to predict a bottom to the recent crypto crash. Novogratz's comments come in the wake of one of the worst downturns seen by the crypto market in recent times.
New Crypto Rules in UK in the Wake of Terra Collapse - CoinPedia
Terra (LUNA) saw a complete and total implosion this week, which saw the price of LUNA drop from $62 on May 9 to less than a cent on May 14. Bloomberg reported on Friday that the UK's financial regulator and finance ministry, the Treasury, will investigate the collapse of the Terra ecosystem's crypto tokens while …
Australian Bank Halts Plans to Launch Crypto Trading Services Amid Terra Drama - Coinfomania
Following the recent Terra LUNA drama, Commonwealth Bank of Australia (CBA) has suspended plans to launch an in-app cryptocurrency trading service, according to reports from The Guardian. Recall that in November 2021, Coinfomania reported that CBA partnered with cryptocurrency firms Gemini and Chainalysis as part of its efforts to launch a crypto trading service for its clients.
Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more - Cointelegraph
Binance comes to the rescue of Terra projects, Chainalysis introduces new tools to track stolen crypto funds, Do Kwon's new proposal for a Terra hard fork and more in this week's DeFi newsletter.
Investors Continue To Trade LUNA Despite Massive Crash - NewsBTC
Investors continue to trade the LUNA token despite its enormous fall, seeing the coin lose 99% of its value from $62 on May 9 down to less than a cent by May 14. However, on May 20, LUNA remains the most trending cryptocurrency searched on CoinMarketCap.
Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report - The Daily Hodl
The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month. In a new report, Yonhap News says that South Korean authorities are considering bringing Ponzi scheme charges against Do Kwon, the founder of Terra (LUNA) and algorithmic stable coin TerraUSD (UST), both of which The post Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report appeared first on The Daily Hodl.
Bank of America Analysts: No Reason to Worry About ‘Crypto Winter' or Contagion Risk Due to Terra's Collapse - CryptoGlobe
Analysts at Bank of America, the second-largest U.S. bank, have argued that concerns surrounding a so-called crypto winder or contagion risk associated with the collapse of the Terra ecosystem are unfounded. In a note shared with clients, first reported on by CoinDesk, analysts led by Alkesh Shah noted that investors should take into account that
Terra Crisis: G-7 Nations Call for Urgent Crypto Regulation - Crypto news
G-7 nations' finance ministers have urged the group's Financial Stability Board (FSB) to hasten up the process of formulating and implementing comprehensive crypto regulations following the recent collapse of the TerraUSD (UST) algorithmic stablecoin and the LUNA token, according to…
With An Increased LUNA Supply, Will Terra (LUNA) Price Reclaim $1? - CoinPedia
Since the time bears have shadowed the LUNA price action, the currency's circulating supply is rising continuously. This increase in the circulating supply is mainly due to people redeeming their UST staking for digital assets. Reflecting the huge amount of tokens being dumped into the market, the price of LUNA declined. At the time of …