– Advertisement – The decentralized finance market was also not spared following the Terra ecosystem tokens collapse. The collapse of Terra ecosystem tokens TerraUSD (UST) and LUNA had a m...
Tag: Collapse
India’s Central Bank warns against the risks of crypto following Terra (LUNA) collapse
After the collapse of Terra (LUNA) and the stablecoin TerraUSD (UST), India’s central bank, the Reserve Bank of India (RBI), has issued a warning to its citizens against investing in the cryptocurrenc...
IMF Managing Director Says Cryptocurrency Must Not Be Abandoned After Terra’s Collapse
– Advertisement – A top IMF official said cryptocurrency investors should not flee the market after the Terra ecosystem tokens crash. Following the collapse of Terra ecosystem tokens in t...
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have bee...
Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red
By early afternoon, bitcoin had fallen almost 4% over the past 24 hours to the low end of the $29,000-$30,000 range it has occupied for the nearly two weeks since the UST stablecoin and LUNA token tha...
Binance’s CZ clears the air: His decision to trade LUNA despite collapse and more
The mammoth crypto crash caused by the Terra (LUNA) fiasco left different opinions from various people in the crypto community. Binance boss ChangPeng Zhao (CZ) in a wide-ranging AMA on Reddit and ans...
Take LUNA’s Collapse As A Wake-Up Call Says Citadel Capital CEO Addressing Regulators
Ken Griffin, the CEO of Citadel Capital stated in his latest interview that the downfall of Terra (LUNA) acts as a wake-up call for the regulators. The recent stablecoin meltdown should push aut...
$USDT Can’t be Redeemed 100%, It is Less Probable to Collapse Says Jun Yu – Coinpedia – Fintech & Cryptocurreny News Media
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It’s a big deal, ...
Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review – Coinotizia
This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosi...
Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review – The Weekly Bitcoin News
This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosi...
U.K’s Financial Regulator To Consider Terra Collapse While Establishing Rules For Digital Assets
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Coinbase Sponsorship Draws Criticism From WNBA Fans Amid Market Collapse
Not everyone was thrilled by the news that Coinbase has teamed up with the WNBA. The Women’s National Basketball Association (WNBA) is one of America’s most popular sports leagues. Still, many basketb...
Another Top Exchange To Delist Terra UST Over Collapse
The Terra UST token faced the axe from popular cryptocurrency exchanges like Binance, BitMEX, OKX and FTX in the last few days. In a latest move, another top exchange Gemini joins the list of exchange...
Bitcoin Forecast – Price Must Hold $28,000 to Prevent Total Collapse
Motley Fool Why Shares of MicroStrategy Were Rising Today Shares of the business intelligence company MicroStrategy (NASDAQ: MSTR), which also buys and holds a lot of Bitcoin, were more than 10% highe...
CZ shares his thoughts on the crypto space following Terra’s collapse
Changpeng Zhao (CZ), the CEO of Binance, the largest crypto exchange by trading volume, has come out to share a few crypto lessons after the crash of TerraForm Labs’ LUNA and UST coins. In a May 20 bl...
Avalanche Founder Slams Misinformation about AVAX in Terra Collapse: Details
Vladislav Sopov Emin Gün Sirer debunks toxic narratives regarding Avalanche ecosystem, AVAX token and LUNA/UST drama Contents AVAX, SOL, ETH will not end up collapsing like LUNA, here’s why R...
Three Metrics Suggest a Key Trend on Stablecoins Following Terra UST Collapse
The Terra ecosystem collapsed earlier this month, with the LUNA token plunging to zero after the UST stablecoin lost its peg. The contagion risk subsequently spread to the stablecoin landscape. ? #Sta...
G7 countries call for tougher crypto regulation following Terra’s collapse
Finance ministers and central bank governors from the Group of Seven (G7) industrialized nations met in Germany on May 19 and 20. According to a report published by Reuters on May 19, the main topic w...
Market Pundit: UST And Terra (Luna) Collapse Is NOT An Indication That Crypto Market Is Ending
– Advertisement – Crypto Market Is Not Ending Because Of Terra. Since the collapse of the Terra blockchain ecosystem, there has been a pessimistic sentiment spreading within the crypto m...
New Crypto Rules in UK in the Wake of Terra Collapse
Terra (LUNA) saw a complete and total implosion this week, which saw the price of LUNA drop from $62 on May 9 to less than a cent on May 14. Bloomberg reported on Friday that the UK’s financial regula...
Avalanche Founder Compares LUNA’s Collapse to Mt. Gox
The collapse of Terra’s ecosystem – more specifically, the depeg of UST and the subsequent crash of LUNA – are undoubtedly crypto’s hottest story in 2022 and perhaps even beyond. Speaking on the matte...
Binance CEO Pens Down Critical Points Regarding Terra Ecosystem Collapse
2 hours ago | 2 mins read Editors News LUNA team was unable to create enough “revenue” to keep it going. The incentives utilized to attract new investors were not sufficient to keep pace. Following th...
G7 Countries Demand Swift Crypto Regulations after Terra Collapse
Top financial leaders of the G7 nations have requested the Financial Stability Board (FSB) for bringing consistent and comprehensive crypto regulations. Finance ministers and central bank leaders of t...
Binance CEO CZ Shares “Lessons” From Terra Collapse
Key Takeaways Binance CEO Changpeng Zhao has shared a new note with some of his reflections from last week’s Terra collapse. Zhao warned against projects offering high yields and advocated for f...
Tether’s CTO says the UST collapse was caused by poor design
The Chief Technology Officer at Tether and Bitfinex, Paulo Ardoino, has said that the Terra project is “poorly designed.” Ardoino also reiterated that the Terra network was not intended to be a rug pu...
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terr...
Stablegains in hot water after losing more than $40M due to Terra’s collapse
Yield app Stablegains faces allegations of misusing clients’ money — and possibly a lawsuit — after losing more than $42 million, which it had invested in UST via Anchor protocol without informing cli...
UK Regulator to Consider Terra Coins Collapse in New Crypto Rules: Report
On May 13, Terra’s UST algorithmic stablecoin slumped as low as 23 cents, and the LUNA token, created to prevent the UST algorithmic stablecoin from being volatile, fell 96% at one point. An alg...
Billionaire Mike Novogratz Speaks Out on Terra (LUNA) Collapse, Says This Is What Caused $40,000,000,000 Wipeout
Galaxy Digital CEO Mike Novogratz is breaking his silence more than a week after Terra (LUNA) collapsed wiping out billions of dollars. Novogratz says that the tightening of monetary policy by central...
Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST – Featured Bitcoin News
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon ...
Anchor Protocol-Linked Stablegains Allegedly Loses $42M to UST Collapse
Stablegains, a U.S.-based startup aimed at generating yield for investors via decentralized finance (DeFi) lending, has reportedly lost $42 million worth of funds belonging to investors as a result of...