Fantom [FTM] trumps TerraUSD [UST] as investors were dumbfounded by…
The impact of Terra's downfall continues to send shockwaves across the crypto space with altcoins trying to recover from the Crash of 9 and 11 May. Most of the altcoins have somehow managed to look north, however, one that has completely failed is Fantom.
Timeline of Fantom, Terrausd
Fantom blockchain suffers another DeFi hack - Cryptopolitan
Fantom blockchain has succumbed to another hack attack in the decentralized finance market, pushing its native token, FTM, to experience a decline. The native token of the platform, FTM, is presently trading at $0.334, following a massive 15% drop over the last 24 hours.
Another Fantom Hack? FTM Slumps 15% After DEX Attack - Coingape
Fantom (FTM), the native token on the eponymous blockchain, fell sharply after one of its largest DeFi exchanges (DEX) was hit with a hack. FTM slumped over 15% in the past 24 hours, and is now trading at nine-month lows of $0.322552.
Insurance protocols are paying out millions to UST holders - CryptoSlate
InsurAce, a DeFi insurance platform that offered cover against a UST de-peg event, has confirmed that they will be paying out $12 million in USDT to users who hold a valid policy. The post Insurance protocols are paying out millions to UST holders appeared first on CryptoSlate.
Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash - The Daily Hodl
Crypto exchange giant Coinbase is announcing plans to suspend trading of TerraUSD (UST) and Wrapped Luna (WLUNA) on all levels of the platform. Coinbase Assets recently made the announcement on Twitter that, in light of extreme volatility within the Terra (LUNA) ecosystem, UST and WLUNA trading will be suspended in two weeks. In light of recent volatility The post Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash appeared first on The Daily Hodl.
Crypto Mom Calls For Enhanced Stablecoin Regulation After UST Fiasco - DCForecasts
The well-known Crypto mom calls for enhanced stablecoin regulation after the recent UST fiasco, as she signaled that this could come faster than expected after the recent fallout of the Terra ecosystem so let's read more today in our latest cryptocurrency news. Hester Peirce, the Crypto Mom calls for enhanced stablecoin regulation and said that
FTM Price Analysis: Retest to Channel Support Hints at Bullish Recovery - Coingape
The Fantom(FTM) traders completed the prior bear cycle within a falling channel as the altcoin dropped to the support trendline at $0.03. However, the altcoin rebounds from this trendline with a morning star candle in response to the price pattern.
TerraUSD: Major exchanges delisted some stablecoins - Cryptopolitan
The cryptocurrency market recently witnessed one of its most significant downturns when primary tokens lost around 20 percent of their value in one day. Added to this decline is TerraUSD, labeled as a stablecoin linked to the US dollar.
The Galois Capital co-founder foresaw the problems with UST, and joined CoinDesk TV's “First Mover” to discuss what could happen to it now. - Coindesk
For months now, Kevin Zhou, the co-founder hedge fund Galois Capital and former head of trading at digital asset exchange Kraken, has been sounding the alarm on the LUNA and UST issuer, Terraform Labs.
Why Regulators Should Pay Attention To $UST - CoinPedia
A dollar pegged stablecoin, TerraUSD has lost its peg twice over the past few days and has not recovered yet. The algorithmic stablecoin broke its peg this Monday again, hence it is necessary for regulators to have a look at this particular model of stablecoin. The collapse of TerraUSD has come up with several risks …
Treasury Secretary Yellen Says Stablecoins Pose Financial Stability Risks, Cites Collapse of TerraUSD (UST) - The Daily Hodl
U.S. Secretary of the Treasury Janet Yellen is calling for legislation that will regulate stablecoins to eradicate the risks she believes they pose to financial stability. While testifying before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Yellen said the government is already aware that stablecoins are currently operating in an inadequate regulatory The post Treasury Secretary Yellen Says Stablecoins Pose Financial Stability Risks, Cites Collapse of TerraUSD (UST) appeared first on The Daily Hodl.