Avalanche Founder Compared Terra's Collapse To Mt. Gox

Emin Gun Sirer, the Avalanche founder compared the fall of the UST stablecoin and Terra's system to the hack of Mt.Gox which became one of the hottest crypto stores this year so let's read more today in our latest cryptocurrency news. Speaking on the matter of Luna and Terra was Emin Gun Sirer, the Avalanche

Timeline of Avalanche, Terra-luna

The UK FCA believes crypto regulations have to take Terra's collapse into account so the new rules are being developed properly as we can see more today in our latest cryptocurrency news. The UK FCA will need to take into account the recent market instability when starting to work on its new regulatory framework for

Changpeng Zhao (CZ), the CEO of Binance, the largest crypto exchange by trading volume, has come out to share a few crypto lessons after the crash of TerraForm Labs' LUNA and UST coins. The post CZ shares his thoughts on the crypto space following Terra's collapse appeared first on CryptoSlate.

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.

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.

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 …

Avalanche is facing a testing day in the past 24 hours with the Ava Labs cryptocurrency facing massive volatility. The AVAX token initially went through a 16% dip before gaining momentum and rising above by 10%.

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.

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 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.

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.