The UK Plans to Regulate the Stablecoins Following The Terra (LUNA) Collapse

The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has planned to regulate the stablecoin payment despite the crypto market meltdown, reported on Saturday, last week.  The declaration followed the collapse of Terra, an algorithmic stablecoin …

Timeline of Terra-luna

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson. Regulation of Stablecoins in the

The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it.

WASHINGTON, D.C. — Terra may be on the ropes after last week's dramatic death spiral, but the cryptocurrency's name is still loudly emblazoned on the ballpark of Major League Baseball's Washington Nationals.

On Sunday, Binance CEO and executive director Changpeng Zhao addressed a journalist's tweet claiming that the exchange had backed Terra's LUNA in 2019 and 2021. Since the collapse of its tokens this weekend, Zhao has been one of the most vocal critics of Terra's team.

TRON founder Justin Sun touts an algorithmic stablecoin reserve strategy to prevent TRON's new stablecoin USSD from crashing like LUNA. The post TRON Founder Talks Up New Algorithmic Stablecoin, Despite LUNA Crash appeared first on BeInCrypto.

Terra's trading volume surges 200% as the market adjusts to a death spiral and its insane volatility serves as an attractive market for short-term investors so let's read more about it in today's latest cryptocurrency news. It took seven days for the LUNA ecosystem to spiral down as the prices came crashing from $85 to

Do Kwon, the brains behind the Terra blockchain project, has apologized to members of the Terra ecosystem and the crypto community for the recent depegging event. Last week, UST, Terra's algorithmic stablecoin depegged from the US dollar, which forced the price of LUNA, the project's governance token, into a free fall.

On Sunday, Binance founder and executive Changpeng Zhao denied its participation in the platform's second fundraising round in 2019. The post Binance Denies Participation in Terra's Second Investment Round; Says It Invested $3 Million in 2018 appeared first on BeInCrypto.

After nearing the absolute zero, the LUNA prices bounce back on what can be called an atomic scale. This is because the recovery hardly brings any consolation to the LUNA investors.

Binance CEO Changpang Zhao says he's unhappy with the way Terra handled the collapse of its native crypto asset LUNA and its stablecoin TerraUSD (UST). In a lengthy thread, Zhao tells his six million Twitter followers that Binance reached out to the people behind Terra and made suggestions on how to mitigate the crisis. “While The post Binance CEO Breaks Silence, Says Terra (LUNA) Should Have Handled the Collapse Differently appeared first on The Daily Hodl.