The Luna Foundation Guard (LFG), the non-profit organization overseeing the Terra ecosystem, said that its Bitcoin reserves dropped by more than 80,000 BTC over the last week. Per LFG’s Twitter thread...
Tag: Collapse
CEO of $7,000,000,000 Hedge Fund Says Firm Hasn’t Sold Any Crypto Positions During Market Collapse
The founder and CEO of SkyBridge Capital says that the global investment firm is holding on to its crypto positions despite the dramatic downturn of the markets. In a new interview on CNBC, Anthony Sc...
Gold prices collapse to 14-week lows amid a stronger dollar: what’s next for gold prices?
The above-consensus US consumer inflation print of 8.3% last week, coupled with the Fed’s first 50 bps hike in 22 years resulted in a bloodbath on Wall Street. Investors and traders dumped their posit...
DeFi TVL crashes as Terra collapse triggers investor fears
The cryptocurrency market performed poorly last week, with billions of dollars liquidated in a few weeks. Following the market crash, the decentralized finance (DeFi) sector has been affected, with th...
Morgan Stanley Says NFTs Next to Watch After UST Collapse
“Hyped and leveraged areas of crypto, such as decentralized finance (DeFI) and crypto-backed stablecoins, are seeing mass liquidations, as it is becoming clearer that all the elevated prices were trad...
The UK Plans to Regulate the Stablecoins Following Terra (LUNA) Collapse
The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has plan...
US and UK Regulators to Take Action on Stablecoins after Terra’s Collapse
Regulatory agencies in the US and UK have raised their worries concerning stablecoins after the collapse of the controversial stablecoin Terra (UST). In recent days, stablecoins have led the crypto ma...
SBF Suggests LUNA’s Collapse Different to Theranos, but Questioning its Marketing Strategy
FTX Derivatives Exchange’s billionaire CEO Sam Bankman-Fried, known as SBF, has faulted the marketing strategies that were employed by the embattled Terra blockchain to gain acceptance from the public...
China Cuts Mortgage Rates to Counter Collapse in Home Sales
(Bloomberg) — China’s central bank effectively cut the interest rate for new mortgages in an attempt to prop up the ailing housing market and boost the slowing economy. Most Read from Bloomberg ...
Analyst Who Called 2021 Bitcoin Collapse Predicts BTC Bottom – Here’s When
The crypto analyst who called the May 2021 Bitcoin collapse and the double top pattern at $69,000 says that the bottom is nearly in for BTC. The pseudonymous analyst known as Dave the Wave tells his 9...
Has Involvement in Terra (LUNA) collapse caused Citadel Securities and Blackrock to push back?
Following the market pushbacks created by the shockwaves of Terra’s UST stablecoin depegging has made numerous implications afterwards Many blue chip institutions are busting the rumors that are revol...
The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto
On the bright side, somehow bitcoin didn’t completely collapse. Over 80,000 BTC from that almost $4 billion treasury was potentially sold (we can’t yet confirm if the bitcoin was actually sold, but it...
Binance CEO Breaks Silence, Says Terra (LUNA) Should Have Handled the Collapse Differently
Binance CEO Changpang Zhao says he’s unhappy with the way Terra handled the collapse of its native crypto asset LUNA and its stablecoin TerraUSD (UST). In a lengthy thread, Zhao tells his six million ...
Crypto-friendly SEC Commissioner Hints At Stablecoin Regulation After Terra Collapse
The U.S. Securities and Exchange Commission (SEC), commissioner Hester Peirce, popularly known as “crypto mom,” signaled that SEC could develop stricter rules around crypto stablecoins soon due to the...
Here’s why LUNA ‘is pumping’ days after total collapse
After undergoing a massive crash that shocked the cryptocurrency community, the Terra (LUNA) token is witnessing a pumping activity as a section of investors bet on the coin’s resurgence. LUNA is a t...
Citadel Securities, BlackRock Push Back Against Rumors of Involvement in Terra (LUNA) Collapse: Report
Prominent blue-chip institutions are debunking rumors circulating on social media that they had a hand in the recent collapse of Ethereum challenger Terra (LUNA) after its algorithmic stablecoin depeg...
Investment Bank Nomura Starts Trading Crypto Derivatives amid Market Collapse
Despite giving in to customers’ demands by starting to trade crypto, Nomura is consciously staying away from spot markets. Traditional financial institutions are gradually hopping on the crypto train,...
Luna backer Su Zhu says UST collapse is ‘Terra’s DAO hack moment’
Three Arrows Capital co-founder Su Zhu has broken his silence on the collapse of the stablecoin TerraUSD (UST) and its related token Luna, an ecosystem he had supported. “This has been an incredibly h...
Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse
Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA). “I am very disappointed with how this UST/LUNA incident was handled ...
Fitch Says Terra Collapse Will Accelerate Calls for Regulation
Alex Dovbnya Terra disaster will expedite regulatory clampdown in stablecoin sector, according to Fitch Ratings Fitch Ratings, an American credit rating agency, predicts that the epic collapse of the ...
LUNA Investors ‘Suicidal’ After Crypto’s Collapse – Do Kwon Says He’s ‘Heartbroken’
Do Kwon, the creator of defunct cryptocurrencies TerraUSD and LUNA, is now the subject of criticism and investigation after the failure of his enterprise sparked a significant market-wide catastrophe ...
Nasdaq and Bitcoin: a collapse foretold
2020 was the year of suspended happiness: the Nasdaq, which is strongly influenced by Big Tech (Apple, Amazon, Microsoft, Tesla, etc.), saw a very prolific period, gaining almost 30% thanks to a very ...
Maker DeFi Token Jumps 30% as Users Turn to DAI Stablecoin Amid Terra’s Collapse
While crypto markets staged a rebound Friday morning, the MakerDAO governance token, MKR, was up 30% as investors bet on its DAI stablecoin amid Terra’s ongoing collapse. Early Friday, MKR was t...
Binance’s CZ “Disappointed” With Terra Team’s Collapse Response
Key Takeaways Binance CEO Changpeng Zhao has said that he is “disappointed” with Terraform Labs’ response to Terra’s collapse. Zhao posted a tweet storm reflecting on the team&...
Secretary Yellen; UST Collapse Could Have Been Avoided With The Available Legal Framework ⋆ ZyCrypto
Advertisement     The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, part...
Regulators anxious about stablecoins like tether after UST collapse
The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial...
Terra blockchain officially halted following LUNA price collapse
Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s LUNA...
TFL Proposes Emergency Response to Counter Recent Collapse of Terra Ecosystem
Terra and its ecosystem have had a pretty rough ride the past few days. With UST losing its peg and LUNA in freefall, Terra is under pressure to quickly resolve the “bad debt” and restore community tr...
Cardano Founder Hoskinson Says ‘Best-to-Market’ Crypto Can Prevent Economic ‘Collapse’
Charles Hoskinson, the founder of Cardano in a Twitter thread said that a “dystopian future” which is triggered through hyperinflation and governments just printing money. The Ethereum co-founder was ...
Terra’s Planetary Collapse Is Taking Down Crypto Lending; Altcoins Plummet
Still, other cryptocurrencies fared far worse, a sign of the risk-off environment that has investors veering away quickly from any asset with a whiff of risk. Ether, was trading at about $1,960, off a...
Silver Price Forecast – Silver Markets Collapse
Silver Markets Technical Analysis Silver markets have fallen somewhat hard during the trading session on Thursday as we have breached the $21 level. This is an area that was rather important support p...