Highlights From Binance CEO's Reddit AMA Session: $LUNA, $UST, $BNB, and $BUSD
On Saturday (May 21), Changpeng Zhao (aka “CZ”), Co-Founder and CEO of Binance, answered questions from the Reddit community during an “Ask Me Anything” (AMA) session hosted on the “/r/cryptocurrency” subreddit. Below, are some key highlights from this AMA session. $LUNA and $UST “Binance always has risk warnings to users in all of our announcements.
Timeline of Bnb, Binance-usd, Terra-luna, Terrausd
CZ Binance: Whoever Designed Terra Minting Dynamics Should Have Their Head Checked - Coinfomania
Binance CEO Changpeng Zhao (CZ) recently shared his thoughts on the downfall of the Terra ecosystem. While CZ believes there are many lessons to be learned from the cataclysmic event, he highlighted some of the flaws that caused the crash.
Do Kwon Responds to Terra's Singapore Move, Clarifies Rumours - CoinPedia
The most talked about subjects since the beginning of this month have been Do Kwon, Terra's founder, and Luna's fall. Following his proposal for the chain's rebirth, Kwon eventually responded, clearing the air on some problems. Is Kwon aware of claims circulating on the internet that he was relocating to another country just days before …
Crypto Research Firm Delphi Digital Admits to “Significant” Losses During Terra Crash - Coinfomania
Delphi Digital, a U.S.-based crypto research and investment company, said it lost a “significant” amount of funds to the infamous Terra crash earlier this month. The firm shared a detailed report explaining the losses it incurred from its fervent support of the Terra blockchain.
Regulators Are Paying More Attention To UST Than Ever Before - DCForecasts
Regulators are paying more attention to UST than ever before due to the collapse of the algorithmic stablecoin TerraUSD so let's read more today in our latest cryptocurrency news. Luna collapsed, TerraUSD crashed and now this is becoming a big thing.
Hedge Fund Billionaire Bill Ackman: Terra Was ‘Crypto Version of a Pyramid Scheme' - CryptoGlobe
Billionaire investor Bill Ackman says that the epic collapse of Terra ($LUNA) and algorithmic stablecoin TerraUAD ($UST) has exposed a crypto version of a pyramid scheme. In a series of tweets, Ackman shared his views on the price collapse of $UST, which was once thought to be pegged to the value of $1. Ackman said
Terra's DEFI Apps Got Drained Out Of $28 Billion After LUNA's Collapse - DCForecasts
Terra's DEFI apps got drained out of $28 billion after the recent Luna collapse and investors largely exited the ecosystem while the rest of the DeFi protocols remained skeptical about the long-term prospects so let's read more today in our latest cryptocurrency news. In the two weeks since Terra's US dollar stablecoin UST lost its
Terra Initiates Voting On New Proposal To Burn Remaining Reserves - CoinPedia
The effect of an impulsive loss has taken over $15 billion from crypto value. And there are reports recorded about self-harm by those who have lost most of their savings in UST. A Lot of people have sold off big parts of their crypto portfolio to recoup some of the damage, pulling the entire market …
Binance Founder CZ's Suggestion for Terra's Risk Reduction - CoinPedia
Looking at the graph of the Cryptocurrency market nowadays, it looks unsafe in all possible directions. As Bitcoin and ether are at their lowest point since 2020, altcoins, dogecoin, and Cardano are falling even worse. Virtual Currency volatility, and tempestuous economic conditions are affecting not just cryptocurrency, but also the stock market. This unprecedented dive …
Crypto exchanges are relisting LUNA after the crash - Cryptopolitan
Crypto exchanges are now taking the bold step of relisting LUNA after it looks like the doom period for the token has passed over. When the token started posting decline runs due to the incident that occurred, crypto exchanges moved to delist it.
Lawsuits aimed at recouping UST/Luna losses test uncharted waters - The Block
Quick Take A major South Korean law firm, LKB & Partners, is suing Do Kwon and co-founder Daniel Shin on behalf of five investors. Other investors are also organizing online to launch their own lawsuits; we may end up seeing cases centered around whether TFL represented its products and the risks of investing accurately.
