Did Celsius set off the domino effect? Almost a month ago, The Block Crypto reported that Celsius pulled at least $500M from the Anchor protocol before the collapse. Two weeks ago, blockchain analytic...
Tag: Collapse
Solana to Help South Korean Projects Hurt by Terra Collapse
Alex Dovbnya Solana to heavily invest in South Korean Web3 projects that revolve around gaming Solana Ventures and Solana Foundation are setting their sights on the South Korean market with the launch...
Dr. Tobias Dang Gives Advice on How to Survive the Crypto Collapse
A Seattle-based doctor is giving medical advice to those who may have lost money in the recent crypto crash. Dr. Tobias Dang – a psychiatrist and director of mental health and wellness at Kaiser Perma...
Axie Infinity Revenue Continues To Collapse
Axie Infinity, a blockchain-based play-to-earn game, generated a measly $988,400 in total revenue the previous week, which is the first time that the popular P2E game that allows you to earn SLP coins...
Tron (TRX) Founder Justin Sun Unveils Plan To Secure USDD Stablecoin From Terra-Like Collapse
Tron (TRX) founder Justin Sun doesn’t want the Decentralized USD (USDD) stablecoin to become the next TerraUSD (UST). Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed...
Crypto Analyst Who Nailed Bitcoin May 2021 Collapse Predicts Incoming BTC Rally – Here’s His Target
A crypto strategist who accurately called Bitcoin’s May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance. Pseudonymous analyst Dave the Wa...
Tron’s USDD Stablecoin Will Switch Its Algorithm to Avoid Terra Like Collapse
Following the $60 billion Terra ecosystem’s catastrophic downfall in early May, Tron has risen to become the third-largest blockchain in the decentralized finance industry (behind only Ethereum and BN...
Experts Suggest Merely Tokens Might Survive after LUNA’s Collapse
With the current drastic plunge, investors have been concerned about the future of cryptocurrencies. Several industry experts had a recent conversation with CNBC media where they tried to explain the ...
Yet Another Probe Into Crypto Firms In S. Korea Over Terra Collapse
The aftermath of the Terra network crash saw a big shift in regulatory action in the crypto industry. With several countries in the process of tightening the noose against crypto wrongdoings, the acti...
Most Cryptocurrencies Might Collapse, But Bitcoin and Ethereum Will Outlast All: FTX US CEO
With over 19,000 digital assets in the crypto space and dozens of blockchain platforms, Brett Harrison, CEO of cryptocurrency exchange FTX U.S., said that hundreds of these might not last. All of thes...
Jump Crypto Breaks Silence on Terra Collapse
Alex Dovbnya Retail investors were main victims of Terra collapse as whales rushed to cash out early Jump Crypto, the cryptocurrency-focused subsidiary of Chicago-based proprietary trading firm Jump T...
Three Reasons For Terra (LUNA) Collapse Before LUNA 2.0 Launch
Following the Terra (LUNA) collapse, the head of the Office of the Comptroller of the Currency (OCC) is highlighting the reasons. And Urges to be careful with Luna 2.0 price Acting Comptroller of the ...
Japan Reportedly Introduces a Bill Focused on Stablecoins in the Aftermath of LUNA’s Collapse
The Parliament of Japan reportedly passed legislation that will put stablecoins under enhanced scrutiny. The initiative aims to give local investors further protection when dealing with such assets. J...
What Terra Collapse Brought For Stablecoins In Japan, New Law Passed
The collapse of the Terra (LUNA) ecosystem continues to ripple across the crypto industry. This cryptocurrency and its algorithmic stablecoin UST lost over 99% of its value in less than a week, leavin...
Has Terra (LUNA) Collapse resulted in Staked Ether price drop?
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US Banking Regulator Issues Crypto Warning, Says Terra (LUNA) Collapse Exposed Three Industry ‘Fragilities’
The head of the Office of the Comptroller of the Currency (OCC) is reiterating the risks of investing in crypto assets following the Terra (LUNA) collapse. In a new interview on Yahoo Finance Live, OC...
Terra Founder Do Kwon Loses $11 Million Bet After LUNA Collapse
Embattled Terra founder Do Kwon has effectively lost a total of $11 million on a bet that he took against two cryptocurrency traders in March regarding the future price of LUNA. Self-proclaimed “semi-...
Hindsight 20/20: The Winners Of The Terra (LUNA) Collapse
The Terra (LUNA) collapse may be almost a month old at this point but its impacts remain fresh in the mind of investors. Millions of users on the decentralized finance (DeFi) network had lost billions...
UK Treasury Strengthens Regulations Around Stablecoins Following UST Collapse
In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don’t threaten their wider financial system. Her Majesty’s Treasury printed...
LUNA Got A Lifeline Following $40B Collapse, But It Is Anyway Crashing
A whole new version of collapsed LUNA crypto is live on primary crypto exchanges following the major collapse of the Luna classic. Luna did come to life again as its supporters voted in favor, b...
Korean Govt to Set up Digital Asset Committee as Country Probes Terra Collapse
Local reports have confirmed that the South Korean government will launch a Digital Asset Committee this month in the wake of the Terra collapse. With the aim of better investor protection and more st...
South Korean Government to Form Digital Assets Committee in Response to Terra Collapse: Report
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In the wake of Terra’s collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its creator, was the most concerned country of them all. A...
South Korea Sets Out To Establish Virtual Assets Watchdog Next Month In Light Of Terra Collapse ⋆ ZyCrypto
Advertisement     The Terra meltdown earlier this month has sharpened South Korea’s attention on crypto regulation. The drama was enough for the nation to make the dec...
How Terra’s Collapse Could Prompt an International Wave of Crypto Regulations
About the author Colin Wu writes the Wu Blockchain newsletter (wublock.substack.com) about crypto in China. Follow him on Twitter @WuBlockchain and Telegram @colinwu1989. Editor’s note: The orig...
Senators And Regulators Don’t Think $60B Collapse Of Key Crypto Is Sector’s Bear Stearns Moment
The recent instance of the Terra meltdown was a sudden and shocking one for the crypto investors as folks had to go through major losses. Some investors cited these instances as a Bear Stearns moment...
China Might Strictly Regulate Crypto Space After Terra Collapse
4 hours ago | 2 mins read Editors News Colin Wu, a China crypto reporter, said the Chinese government could implement even stronger restrictions or even ban stablecoins. Due to the collapse of the Ter...
UK Aims To Regulate Stablecoins After Collapse Of TerraUSD
As the cryptocurrency recovers from the TerraUSD massive crash, major countries move toward evolving laws to prevent such future events. The United Kingdom (UK) has come forward to propose Auxillary s...
Key US Banking Regulator Warns Against Investing In Tether (USDT) After Terra Collapse; Here’s Why
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UK plans new safeguards for stablecoins after Terra collapse
The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants ...
Stablecoins Face U.K. Regulation Following UST Collapse
Key Takeaways The U.K. government wants to address the risks associated with stablecoins. A new consultation paper argues that existing regulatory regimes can be applied to unregulated digital payment...
Chinese state media hints at increased crypto regulations after Terra`s collapse
The Chinese government has used its Economic Daily newspaper to indicate that additional regulatory action may be taken against stablecoins in the wake of Terra’s algorithmic stablecoin failure. In Ma...