Terraform Labs' legal team resigns after UST collapse
The in-house legal team at Terraform Labs resigned just days after the collapse of Terra's algorithmic stablecoin. The post Terraform Labs' legal team resigns after UST collapse appeared first on The Block.
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TerraUSD Collapse Spurs ‘Emergency' Inspections of South Korean Crypto Exchanges - BeInCrypto
The collapse of TerraUSD has spurred financial authorities in South Korea to launch “emergency” inspections of domestic cryptocurrency exchanges. The post TerraUSD Collapse Spurs ‘Emergency' Inspections of South Korean Crypto Exchanges appeared first on BeInCrypto.
Korea's authorities open investigation into TerraUSD collapse - Cryptopolitan
The LUNA incident has caused a stir in the cryptocurrency market, and therefore, the financial authorities in South Korea have launched an investigatory mission to reveal the saga behind the LUNA crash. The aim is to provide clarity for the future of stablecoins and protect the interests of investors.
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 …
The Dismay of the UST Stablecoin Tenure; An Unexpected Fall - Crypto news
In a very harrowing turn of events for Terra, the blockchain ecosystem has opted to indefinitely halt the trade on its UST and LUNA tokens. The second halt in 24 hours came at a very ominous date, Friday the 13th.
TerraUSD (UST) Collapse Triggers Buying Opportunity of Crypto Products, Inflows Hit $274M - BeInCrypto
Digital asset investment products saw the largest amount of inflows so far this year this past week, amounting to $274 million. The post TerraUSD (UST) Collapse Triggers Buying Opportunity of Crypto Products, Inflows Hit $274M appeared first on BeInCrypto.
After UST Depeging, NFTs Will Be The Next Most Demanded Area - CoinPedia
The Non-Fungible Tokens (NFTs) have come a long way from the time when only celebrities used to create and sell for millions. But today NFTs have become a mode of the thing of their own. These NFTs can offer anything from GIFs, and digital art to static images. It's just a matter of time before …
U.S. Treasury Secretary Calls For Regulation Following TerraUSD's Epic Collapse - CryptoGlobe
U.S. Treasury Secretary Dr. Janet Yellen has called on U.S. Congress to enact regulations for stablecoins following TerraUSD's epic collapse in price last week. Yellen made her comments last Tuesday (May 10) while testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying that she believes stablecoins pose a risk to the market's financial
Binance CEO's latest announcement had this effect on TerraUSD [UST] prices - AMBCrypto
The crypto market is slowly adjusting to a new normal after the de-pegging of TerraUSD [UST] sent ripples through the Terra ecosystem and the sector at large. At press time, the ex-stablecoin once pegged to the dollar was trading at $0.1482 after losing 26.70% of its value in a day.
Lou Kerner Makes UST/USD Comparison, Stating Unbacked Things ‘Go to Zero' - BeInCrypto
In an appearance on CNBC's “Power Lunch,” Lou Kerner of Blockchain Coinvestors compared the U.S. Dollar to the failed stablecoin UST. The crypto VC categorized both currencies as “unbacked things” which in the long term “go to zero.
