How was the Terra(LUNA) & TerraUSD (UST) Impact on the Crypto Space? 

Crypto markets bleed red as Terra continues to drop hard as circulation rises Terraform labs attempt to stabalize the UST at the earliest, but else LUNA price may keep plunging hard However, there is some hope for the traders as the LUNA price may not be certainly dead But instead of a steep recovery, an …

Timeline of Terra-luna, Terrausd

Following the Analytic report by Terra, the South-Korean cryptocurrency, LUNA market value has dropped to about $0.02, 18 billion coins were surpassed, and 15 billion more LUNAs emerged today; Meanwhile, UST supply is currently at 12 billion. This data was updated on the 12th of May.

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 …

Terra, the creator of the algorithmic stablecoin TerraUSD (UST) and LUNA, has halted the Terra blockchain. In a Tweet, Terra.Money stated: The Terra blockchain was officially halted at a block height of 7603700.

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.

The Terra blockchain has been halted to protect against a possible attack, according to a statement by Terraform Labs. The post Terra blockchain halted to protect against possible attack appeared first on The Block.

A joint body tasked with coordinating crypto regulation globally is sorely needed and could become a reality within the next year, according to Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO), an association of market regulators.

Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra's founder Do Kwon revealed a plan on Wednesday, but after

Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price of USDT lost its dollar parity and slid below $1 to trade as low as $0.97 before recovering to trade above $0.99 The post Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra's UST appeared first on Invezz.

The circulating supply of Luna (LUNA) has broken above the 25 billion mark as the token is being minted on an exponential level. The post Luna token supply hits 25 billion — up by nearly 24 billion today appeared first on The Block.

Anyone in the know regarding crypto will be aware of Terra's (LUNA) collapse over the last few days - this article was written on May 10th, 2022. Its stable coin, UST, pegged to the price of 1 US Dollar collapsed by 80%, something unprecedented in the stable coin market.