Alex Dovbnya Mike Novogratz has finally weighed in on the LUNA collapse Galaxy Digital CEO Mike Novogratz, one of the top proponents of the failed LUNA token, has finally weighed in on the collapse of...
Tag: Collapse
G7 Urges Crypto Regulations in Light of Terra Collapse: Report
While the crypto world continues to assess the damage done in last week’s market crash, members of the G7 are urging regulators to act before the body’s next gathering in June. Reuters rep...
Here’s How the Collapse of TerraUSD Will Impact Stablecoins, According to Bloomberg Strategist Mike McGlone
Senior Bloomberg analyst Mike McGlone says algorithmic stablecoins relying on market growth may be done for the foreseeable future. In a new interview with Cointelegraph, the commodities strategist sa...
G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
The FSB, an international body based in Basel that was responsible for generating many of the post-2008 financial norms, had previously promised a report on the regulation, supervision and oversight o...
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month – Defi Bitcoin News
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in de...
Analysts assess the aftermath of the Terra (LUNA) collapse
Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, no matter how much the technology improves. “They...
Major Korean law firm decides to sue Do Kwon after UST collapse
LKB & Partners, one of the top law firms in South Korea, has decided to sue Terraform Labs founder and CEO Do Kwon after the sudden collapse of TerraUSD (UST) last week, Korean media reported on W...
Top Terra Whales Break Silence on Network’s Collapse
Key Takeaways Some of Terra’s most prominent investors have spoken out following the network’s disastrous collapse. Galaxy Digital’s Mike Novogratz said that Terra was “a big i...
South Korean government revives ‘Grim Reapers’ amid Terra`s collapse
The global financial situation is bleak at the moment. The cryptocurrency industry has suffered the most, and its consequences have been harsh. The Terra LUNA and UST market crashes have devastated in...
Terra Investor Mike Novogratz Breaks Silence on UST, LUNA Collapse
There’s been one person notably absent from the conversation about the collapse of Terra’s $18 billion algorithmic stablecoin and $30 billion network token, LUNA: investor Mike Novogratz. ...
Maker (MKR) Surges Following TerraUSD (UST) Collapse, Boon for DAI
Maker (MKR) has surged nearly 50% in value over the past week, following the collapse of algorithmic stablecoin TerraUSD (UST). As the governance token on the MakerDAO ecosystem, MKR’s resurgence repr...
Terraform Labs’ Legal Team Resigns after Collapse of UST and LUNA
Everyone linked with the Terraform Labs is not living in denial about the collapse of the Terra blockchain in its current form and the exit of the legal team is not deterring Do Kwon from proposing a ...
Mike Novogratz Breaks Silence on Terra’s Collapse
Mike Novogratz – billionaire investor and CEO of Galaxy Digital – has issued a statement addressing the recent meltdown of the Terra ecosystem. He highlights lessons he’s learned from the situation bu...
South Korea Rebirths Specialized Crime Unit to Investigate Terra’s UST Collapse
– Advertisement – Korean authorities believe Terra’s collapse is not properly investigated and as such it has revived a tactical crime unit to ensure no stone is left unturned in the Terra...
South Korean Politician Demands Parliament To Investigate TerraUSD’s Collapse
The “People Power Party” representative, a South Korean politician Yoon Chang-Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week. According to a report from So...
Luna Foundation Guard Reveals It Sold More Than $2,400,000,000 in Bitcoin (BTC) at Height of TerraUSD Collapse
The Luna Foundation Guard (LFG) is reporting dumping more than $2.4 billion worth of Bitcoin (BTC) last week as the stablecoin TerraUSD (UST) collapsed. The LFG, a non-profit organization built to sup...
CZ on Terra LUNA collapse: ‘This is what diamond hands looks like’
In the wake of the Terra ecosystem implosion, Binance boss ChangPeng Zhao (CZ) commented, “this is what diamond hands look like,” about the 15,000,000 LUNA tokens Binance had received as part of the c...
Terra’s Legal Team Resigns in Wake of UST, LUNA Collapse
The industry-wide unrest generated by Terra’s collapse last week continues to reverberate—this time within the company’s own walls. Terra’s in-house legal team has resigned, a Terraform Labs spokesper...
Terra’s Collapse Makes G7 Officials Discuss New Crypto Regulation This Week
Vladislav Sopov Head of French Central Bank shared with Reuters some details of the upcoming G7 meeting agenda Contents G7 meeting to discuss regulation in crypto UST drama might result in new restric...
G7 Countries to Discuss Crypto Assets This Week After Recent Terra Ecosystem Collapse
The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a p...
Circle CEO: Terra (LUNA) Was A House OF Cards That Was Bound To Collapse
– Advertisement – Circle CEO: Terra (LUNA) Was A House OF Cards That Was Bound To Collapse. The collapse of the Terra ecosystem has sent shivers across the crypto industry as the markets...
Technicals Hinted Collapse Of LUNA Price Says Popular Analyst Peter Brandt
According to veteran cryptocurrency trader Peter Brandt, the devastating implosion of one of the largest cryptocurrency ventures was in the cards. The creation of the traditional head and shoulders ch...
Terra’s Co-founder Summoned by South Korean Government Over Recent Collapse
33 mins ago | 2 mins read Altcoin News Do Kwon was requested to appear in front of the Korean parliament. Kwon has put up a proposal to salvage the ecosystem. The steep decline of Terra (LUNA) and the...
Tether Supply Plummeted $7.4B Amid Depegging Concerns, Terra Collapse: Glassnode
Amid the dramatic events surrounding last week’s TerraUSD collapse, Tether (USDT), the crypto industry’s largest stablecoin, has dropped more than $7 billion. Tether’s market capitalization plummeted ...
In-House Legal Team at TerraForm Labs Resigns Following TerraUSD (UST) and LUNA Collapse
– Advertisement – More unfortunate developments continue to unfold in the aftermath of the UST and LUNA crash Following the collapse of TerraUSD (UST) and LUNA, the legal counsel team of T...
TerraUSD Collapse ‘Emergency’ Inspections of Korean Crypto Exchanges
The collapse of TerraUSD has spurred financial authorities in South Korea to launch “emergency” inspections of domestic cryptocurrency exchanges. South Korea’s Financial Services Commission (FSC) and ...
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST – Regulation Bitcoin News
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchange...
Congressional Research Agency Hints at Stablecoin Regulations Following TerraUSD (UST) Collapse
A nonpartisan Congressional research agency is hinting that stablecoin regulations are becoming more likely following the recent disintegration of TerraUSD (UST). In a new report by the Congressional ...
South Korea Launches ‘Emergency’ Inspections of Local Crypto Exchanges Amid Terra Collapse: Report
South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have launched “emergency” inspections into local crypto exchanges, according to a report by Yo...
Here’s How To Prevent the Next Terra (LUNA) Collapse, According to Crypto Venture Capitalist
Successful crypto-focused venture capitalist Arthur Cheong is thinking of a few steps the decentralized finance (DeFi) world needs to take to prevent another high-profile collapse like Terra (LUNA). D...
Luna Foundation Guard Allegedly Gave Whales ($2.7 Billion) Exit Door Before Collapse
Following the cataclysmic meltdown of the Terra ecosystem last week, the Luna Foundation Guard (LFG) has been accused of bailing out UST whales with its bitcoin trove before the project came crashing ...