Binance CEO ”CZ” Says The Exchange Does Not Hold Any Of Terra's UST

Binance CEO “CZ” in a tweet on Monday clarified that the exchange did not buy, and does not own any UST. Any UST the exchange had was from trading fees, and is now valued close to zero- following a severe crash in the token.

Timeline of Terra-luna, Terrausd

South Korean financial authorities have launched an emergency study of cryptocurrencies, which is designed to help them pass the “Digital Asset Basic Act,” the country's upcoming cryptocurrency regulation. LUNA crisis hastens Korea's pace in regulating cryptocurrency The digital asset class is currently not regulated in South Korea, but the government has been working on a.

Changpeng Zhao (CZ), CEO of Binance, has voiced his opinion on Terra's proposal to fork its blockchain and attempt a recovery. Following the collapse of both LUNA and UST, Terraform Labs founder Do Kwon endorsed the idea of forking Terra to “make the ecosystem whole from the UST depegging event.” “We've built up one of The post Binance CEO Changpeng Zhao Doubts Terra's Plans for a Fork appeared first on Coin Bureau.

The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has planned to regulate the stablecoin payment despite the crypto market meltdown, reported on Saturday, last week.  The declaration followed the collapse of Terra, an algorithmic stablecoin …

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson. Regulation of Stablecoins in the

The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it.

WASHINGTON, D.C. — Terra may be on the ropes after last week's dramatic death spiral, but the cryptocurrency's name is still loudly emblazoned on the ballpark of Major League Baseball's Washington Nationals.

On Sunday, Binance CEO and executive director Changpeng Zhao addressed a journalist's tweet claiming that the exchange had backed Terra's LUNA in 2019 and 2021. Since the collapse of its tokens this weekend, Zhao has been one of the most vocal critics of Terra's team.

TRON founder Justin Sun touts an algorithmic stablecoin reserve strategy to prevent TRON's new stablecoin USSD from crashing like LUNA. The post TRON Founder Talks Up New Algorithmic Stablecoin, Despite LUNA Crash appeared first on BeInCrypto.

LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the latest crash that wiped out more than $1 trillion from the market.

Terra's trading volume surges 200% as the market adjusts to a death spiral and its insane volatility serves as an attractive market for short-term investors so let's read more about it in today's latest cryptocurrency news. It took seven days for the LUNA ecosystem to spiral down as the prices came crashing from $85 to