Here's why Luna UST crash is not crypto's ‘Lehman Brothers' moment
Investors were flummoxed by the sharp fall in Bitcoin's value and that of other cryptocurrencies this past week, leading the total crypto market capitalization to plummet to as low as $1.23 trillion on May 12, its lowest level since July 2021. Terra Luna's UST stablecoin, which was backed by both LUNA tokens and billions in The post Here's why Luna UST crash is not crypto's ‘Lehman Brothers' moment appeared first on Invezz.
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Luna Trading Draws Online Discussions in China Despite a Ban on Cryptocurrency - Blockchain News
Despite being banned in China, cryptocurrency is gaining attraction in the country as the value of some of the world's most prevailing digital currencies and Non-fungible tokens (NFTs) has increased.
WOO Network Halts Terra's LUNA Trading Just Hours After Relisting It - Coingape
The Terra disaster has led the largest cryptocurrency exchanges to delist the LUNA and UST tokens. But DeFi exchange WOO network sought to go against the grain by relisting LUNA, which it did on Monday.
A Week of Terra: the Story of Do Kwon and His Black Swan Wipeout - Crypto Briefing
Terra suffered a spectacular collapse after its UST stablecoin lost its peg to the dollar last week. Crypto Briefing tells the full story of the troubled blockchain's rise and fall.
South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse - The Block
Yun Chang-Hyun of South Korea's People Power Party has reportedly called for a hearing on TerraUSD after the stablecoin's sudden collapse. The post South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse appeared first on The Block.
Not all Stablecoins Built the Same: What caused TerraUSD ($UST) to “Break the Buck” - CoinPedia
With weeks, months of bleeding in Satoshi streets and extreme fear of Inflation, a heavy load of sell-offs are rising negative market sentiments. The next big shocker is the stablecoins the world is eyeing right now to see the future of stablecoins after the tumultuous market crash of Terra (USD). So what makes Stablecoins so …
South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing - Cryptonews
The Terraform Labs mastermind Do Kwon (real name Kwon Do-hyeong) could be facing trouble from financial and law enforcement authorities in South Korea and Singapore as a torrid month for the Terra (LUNA) platform just keeps getting worse.
SEC Chair Gensler Responds To Terra Crash, More Regulation Due? - Coingape
SEC Chair Gary Gensler on Monday said the crypto market needs more regulation to protect investors from projects like Terra. Gensler blames crypto trading and crypto wallet platforms for not disclosing information making investors lose hard-earned money such as in the case of LUNA and UST.
Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains - Cryptonews
Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan.
Terra Meltdown Concerns European Officials; Calls for Legislation Renewed - BeInCrypto
European officials have called for immediate regulation of crypto in light of the Terra-led market crash. The post Terra Meltdown Concerns European Officials; Calls for Legislation Renewed appeared first on BeInCrypto.
Terra Crash Spilled Over Into Other L-1 Blockchains, Here's How - Coingape
Terra's recent crash appears to have undermined investor confidence in other major layer-1 (L-1) blockchains, data shows. The blockchain's value imploded in the first two weeks of May, and is now trading at a fraction of the billions it was initially valued at.
