On Monday USDD, the stablecoin behind the Tron project, lost its peg with the dollar, slipping as low as 0.91 cents and fuelling speculation about the entire project. USDD, Tron’s stablecoin, loses pe...
Tag: Collapse
Macro Investor Raoul Pal Says He’s Doubling Down on Crypto Position in Face of Market Collapse
Real Vision CEO and macro expert Raoul Pal says he’s adding to his crypto positions to pick up steep discounts in the collapsing markets. Pal tells his 955,000 Twitter followers that while things can ...
Breaking News: Terra Collapse Was Caused by Internal Action! Know Compelete Truth – Coinpedia – Fintech & Cryptocurreny News Media
The wallet being referred to as an ‘attacker’ for creating a transaction that killed the algorithm-based stablecoin project Terra is actually a Terraform Labs wallet managed by Kwon Do-hyung. This mea...
Terraform Labs Caused Collapse Of UST? Report Says So
The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from Coi...
Do Kwon Addresses Rumors That He Cashed Out $2,700,000,000 From Terra Ecosystem Before UST Collapse
The embattled chief executive of Terraform Labs is adamantly denying whispers that he cashed out billions of dollars worth of Terra (LUNA) and TerraUSD (UST). Rumors are circling on Twitter that Terra...
Terraform Labs Owned Wallet Behind UST Collapse, New Report Claims
Key Takeaways A new report has suggested that the wallet thought to be the main culprit behind Terra’s collapse in May could belong to Terraform Labs or the Luna Foundation Guard. The report lin...
Aftermath of the Celsius Network Collapse, What is the Impact on Crypto Space
The crypto space now has fallen prey to a couple of flaws or one can say a technical failure that has dragged the global crypto market capitalization below $1 trillion. Bitcoin prices have reduced to ...
South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse – Exchanges Bitcoin News
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to...
New research reveals Terra’s collapse may have been an inside job
Apparently, the wallet identified as an “attacker” for generating a transaction that caused the collapse of the algorithm-based stablecoin project Terra was actually maintained by Do Kwon’s Terraform ...
El Salvador’s Bitcoin Holdings Losses $40M In Value But Finance Minister Believes Recent Collapse Will Not Hurt Economy
– Advertisement – El Salvador’s Finance Minister Believes Recent Bitcoin Collapse Will Not Hurt Their Economy. On Monday, Alejandro Zelaya, El Salvador’s Minister of Finance, dispelled c...
Dogecoin Founder Blasts Celsius Network Says First Terra And Now Celsius Causing Collapse of Crypto Market
– Advertisement – The co-founder of Dogecoin is not mincing words as he calls both Terra and Celsius “stupid ass shit.” Billy Marcus, the co-creator of Dogecoin (DOGE), has poured out his ...
Trader Who Nailed Epic Bitcoin 2018 Collapse Says Extreme BTC Correction Looming – Here’s His Target
The veteran trader who accurately called Bitcoin’s 2018 meltdown is issuing a fresh warning that a severe correction could be looming for BTC. Seasoned market analyst Peter Brandt tells his 651,800 Tw...
Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Collapse Will Foster Institutional Adoption
Crypto custodian Hex Trust says the recent meltdown of stablecoin TerraUSD (UST) and its sister token Luna will herald more intervention by regulators, paving the way for more asset managers to join t...
Floor price of popular NFT collections collapse due to bear market
It appears there is no respite anywhere in the crypto realm in the face of Monday’s extraordinary market sell-off. Based on data from NFT Price Floor, the floor prices for Bored Ape Yacht Club (...
Bored Ape Floor Plunges Below $100K as NFT Prices Collapse
Prices and sales of non-fungible tokens (NFTs) have continued to crash as bears completely take over the broader crypto market. Popular collections such as the revered Bored Ape Yacht Club (BAYC) were...
Is Binance US Involved in Terra Collapse? Know The Complete Truth – Coinpedia – Fintech & Cryptocurreny News Media
The fall of Terra, which went from being the world’s third largest stablecoin to being valued at less than a $1, has been the most talked-about topic. Since hitting an all-time high in November, the v...
USDD Depeg Causes 16% TRX Collapse, Justin Sun Ready to Cash in $2 Billion to Fight Back
Gamza Khanzadaev Justin Sun prepares $2 billion to strke back after attack on Tron DAO Monday, June 13, has turned out to be a collapse for the entire crypto world, but for Tron DAO, things somehow go...
SEC opens investigation into UST collapse
According to press rumours, the US Securities and Exchange Commission (SEC) is investigating Terraform Labs and the collapse of the algorithmic stablecoin TerraUSD (UST). SEC investigates loss of UST ...
Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False – Bitcoin News
Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. Meanwhile, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing ...
Chainalysis report shows Terra collapse did not cause Bitcoin crash
The first week of May was rough for the cryptocurrency community because it saw the collapse of a cryptocurrency that ranked as a top-ten coin. The Terra crash was triggered by the depegging of the US...
Do Kwon Flatly Denies Cashing out $2.7 Billion Before Terra Collapse
Controversial Terra (LUNA) blockchain founder Do Kwon has taken to social media to refute the recent allegations that he cashed out $2.7 billion before the catastrophic end of the $40 billion valued b...
Here’s How DeFi Market Looks After Terra Collapse – Coinpedia – Fintech & Cryptocurreny News Media
Terra’s ecosystem had roughly 15% of the DeFi market share before its collapse last month. According to DeFiLlama data, this makes it the second-largest hub for all decentralized finance. But after a ...
Terra’s UST Collapse Is Not The Main Culprit Behind Bitcoin Crash: Chainalysis
Chainalysis, a blockchain analytics platform, has published a report analyzing the Terra crash. According to the report, the Terra crash did escalate the downturn in the crypto market, however, it was...
Chainalysis: Terra’s UST Collapse Wasn’t Main Factor in Bitcoin Crash
Blockchain analytics platform Chainalysis has released a report analysing the crash of Terra’s stablecoin UST, concluding that it while it was a factor in the recent crypto market crash, it wasn’t the...
Offering High Yields, Crypto Lender Celsius Token Falls In the Wake of Terra Collapse
– Advertisement – Celsius Just Dipped By 32% Due To Ripple Effects After Terra Collapse. Terra’s woes appear to affect other crypto projects in the industry. Apparently, Celsius, which is ...
SEC Is Investigating Terra’s UST Stablecoin Collapse: Report
Terra’s UST stablecoin could become the subject of a U.S. Securities and Exchange Commission investigation. An unnamed source told Bloomberg that the regulator’s enforcement attorneys have...
Do Kwon on Radar Again Amid Further Details on The TerraUSD Collapse
TerraUSD’s (UST) fall has shaken the entire crypto ecosystem for a month and speculations and conspiracies are encircling the space post the demise of the biggest crypto ever. More details have recen...
Cardano Creator Charles Hoskinson Says Terra (LUNA) Collapse Has Triggered One Massive Change in ADA Development
Cardano (ADA) founder Charles Hoskinson is revealing that the Terra (LUNA) collapse has impacted the development of the sixth-largest crypto asset by market cap. Hoskinson says the ripple effects of t...
How the Stablecoin Segment Transforms Following the UST Collapse – crypto.news
While Terra’s market failure and the collapse of its stablecoin UST negatively affected investors’ confidence in stablecoins, some projects had appeared to be more sustainable in effectively meeting s...
South Korea to Establish Guidelines for Crypto Exchanges as Watchdogs Probe Terra Collapse
TerraUSD and its sister token LUNA Classic’s (LUNA) dramatic collapse have pushed the South Korean policymakers to call for swift crypto regulations. Call for Draft Regulation According to a new repor...
The Last Minute Collapse Of $30 Million CryptoPunks Auction
The 278 years old auction house Sotheby’s hosted its first ever auction which was entirely dedicated to the Non Fungible Tokens (NFTs). The participants of this event include Griffin Cock Foster, Dunc...