The South Korean Digital Assets Committee, which will function as the command center of the director of digital assets, is scheduled to launch as early as next month. This is the first time the “Digit...
Tag: Collapse
Tezos co-founder predicted the collapse of the UST
TerraUSD (UST) is an algorithmic stablecoin pegged to the US dollar. It’s designed to maintain 1:1 parity with the dollar automatically, via a stabilizing mechanism that takes the form of another toke...
Iran’s Government Struggles To Contain Public Anger After Dozens Die In Building Collapse
A man stands amid the ruins of the Metropol building in the city of Abadan, Iran, on May 23, 2022. … [+] (Photo: Hossein Abdollah Asl, Tasnim News Agency via AP) ASSOCIATED PRESS The Iranian aut...
Mirror Protocol Could Collapse Due to Latest Exploit
Terra’s Mirror Protocol is experiencing an attack, with the attacker draining over $2 million already. The exploit remains unpatched and could get much worse in the coming hours. Terra’s Mirror Protoc...
Wall Street Blockchain Alliance advisory chair calls for crypto audit standards following LUNA’s collapse
? Want to work with us? CryptoSlate is hiring for a handful of positions! The recent LUNA crash calls for the need for clear, consistent, and iterative audits for all crypto assets, especially stablec...
Do Kwon Continued Terra ($LUNA) Project Despite Warnings of Its Imminent Collapse, Company’s Employee Reveal
– Advertisement – Korean authorities are making progress with the ongoing investigation of the collapse of TerraForm Labs. New revelations have emerged about the ongoing investigation of t...
Terraform employees under probe for UST collapse in South Korea
? Want to work with us? CryptoSlate is hiring for a handful of positions! In the quest for answers pertaining to the collapse of the Terra ecosystem earlier this month, South Korean authorities are no...
Terra Collapse Effect: Crypto Projects and Protocols Migrate to Polygon
Terra Blockchain shook the entire blockchain ecosystem the moment it crashed, losing its peg to the dollar by a large margin. Part of it was because TerraUST was an algorithmic Stablecoin – not backed...
Some UST & LUNA Investors Cashed Out Before Price Collapse
A number of UST investors, such as VC firms, suggest that judicious moves prior to the price crash saved them from incurring heavy losses. Despite the fact that the recent UST stablecoin and LUNA cras...
Why is UST collapse worse than war for this Ukrainian Family?
For many instances, losing its virtue and value by a company is more than just this as many hopes and aspirations are adjoined with it, that collapse with the business collapse Since the news of Terra...
TerraUSD (UST) Collapse Could Be Orchestrated by Small Group of Large Wallets: Report by Nansen
Vladislav Sopov Industry-leading on-chain analytics firm Nansen attempts to provide detailed explanation of what has happened to UST prior to its historic collapse Contents No, UST was not taken down ...
This Ukrainian Lost All Family Money Due to UST’s Collapse (Report)
The Terra fiasco has had terrible consequences for numerous investors around the globe. One of them was reportedly the Ukrainian citizen – Yuri Popovich – who invested approximately $10,000 (all his f...
Vitalik Buterin Reveals How To Identify A UST-Like Algorithmic Stablecoin Following Terra’s Collapse ⋆ ZyCrypto
Advertisement     Ethereum’s founder has shared two ways for investors to tell if an algorithmic stablecoin is sustainable in the long run. His theories are coming on ...
How Terra’s collapse will impact future stablecoin regulations
The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just ...
Ripple is NOT okay, XRP Price might collapse if THIS happens!
The cryptocurrency market has been on a downtrend ever since November 2021. Most tokens reached their all-time highs before crashing back to their respective support prices. However, Ripple price is o...
Here’s Why Tether CTO Thinks Terra Collapse Was An Important Moment For Crypto Industry
The collapse of TerraUSD devastated many investors this month; however, one crypto leader sees the fallout as something that the industry needed desperately. Tether(USDT) ‘s CTO says that it’s signifi...
Report On What Happened to TerraUSD (UST) Prior to Historic Collapse – Coinpedia – Fintech & Cryptocurreny News Media
The largest algorithmic stablecoin, TerraUSD (UST), suddenly disintegrated last week, sending shockwaves through the crypto markets. As UST fell considerably below its $1 peg, it put downward pressure...
How to create algo stablecoins that don’t turn into Ponzis or collapse
Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable. Buterin’s comments were sparked by the multi-billion ...
Crypto Trader Who Predicted Bitcoin Collapse Below $30,000 Says BTC To Hit New Low – Here Are His Targets
A closely tracked crypto strategist and trader is warning Bitcoin holders that BTC is poised to hit a new 52-week low. Pseudonymous trader Capo tells his 322,300 Twitter followers another sell-off eve...
Bitcoin Dominance Soars, Altcoins Collapse, Terra 2.0 Underway: This Week’s Crypto Recap
The past week saw a new trend starting to take shape within the cryptocurrency markets – one where Bitcoin remains relatively stable, whereas altcoins suffer. This has had its own consequences, so let...
Polygon Opens Up Support For Terra NFT Projects Following Terra Collapse
7 hours ago | 2 mins read Editors News A “multi-million dollar fund” called the Terra Developer Fund was announced. Polygon has been down 4.23% in the last 24 hours. Recent bearish engulfing candlesti...
How far is Bill Ackman right while thinking the Stock Market will collapse if the Fed does not hike rates aggressively?
Pershing Square Capital’s founder Bill Ackman thinks that inflation is uncontrollable and Federal Reserves should act aggressively on monetary tightening. Bill Ackman, Founder of Pershing Square Capit...
What Is Bitcoin Gold? BTG Token Rose 40% during a Market Collapse?
The recent collapse of the crypto market remains devastating, especially to investors on the losing end. Unfortunately, this is not the first time for the market, typical with extreme price volatility...
Bitcoin Pioneer Charlie Shrem: ‘A Lot of People Predicted’ Terra Collapse
Bitcoin pioneer Charlie Shrem was at the Cannes Film Festival this week to launch crypto film-financing project Defiine—and he had some choice words regarding the collapse of Terra’s UST stablecoin. “...
Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse
A closely tracked trader is naming one altcoin that he says can come out as the big winner following the crumbling of Terra (LUNA) and its algorithmic stablecoin TerraUSD (UST). Pseudonymous trader Li...
Guggenheim’s Scott Minerd Predicts Brutal Bitcoin (BTC) Collapse Down to ‘Ultimate Bottom’ – Here’s His Target
Guggenheim Partners founder Scott Minerd expects Bitcoin (BTC) to keep ceding ground on the price charts now that it has repeatedly buckled at a key support level. In an interview with CNBC’s Andrew R...
US Treasury Official Says Collapse Of Terra And UST Shows How Badly Crypto Needs Regulation
– Advertisement – Crypto Needs Regulations. A US Treasury official is worried that the crypto industry is growing too fast and becoming too dangerous without proper regulation. This is i...
South Korea to tighten scrutiny of exchanges after Terra LUNA collapse
? Want to work with us? CryptoSlate is hiring for a handful of positions! The collapse of the Terra ecosystem has sent shockwaves across the crypto ecosystem, dragging down the entire market. The deba...
Investors Shouldn’t Abandon Crypto Because of Terra’s Collapse, Says IMF’s Managing Director
According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on th...
Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation
Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse. “There is...