Tether [USDT], one of the largest stablecoins by market cap, has been dominating the stablecoin space for quite some time. Even though Tether is crowned king of the stablecoin space, it has seen a lot...
Tag: Fiasco
What the Zillow fiasco can teach homebuyers and sellers about property pricing
What the Zillow fiasco can teach homebuyers and sellers about property pricing If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to c...
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The dollar remains an oasis of stability in a world of volatility. getty People betting that the U.S. dollar’s slide will continue might want to pay more attention to what’s afoot in Asia. Or, perhaps...
Bitcoin at a Decision Point, Solana-Based Wallets Exploit, and the Nomad Fiasco: This Week’s Crypto Recap
The past seven days failed to bring positive developments, at least in terms of pricing, as the total cryptocurrency market capitalization dropped by around $35 billion. This comes on the back of BTC ...
Hashed Plans to Raise More Funds After Losing $3.6B in Terra Fiasco
South Korean blockchain venture capital firm Hashed has revealed that it plans to raise more funds to support GameFi projects after losing more than $3.5 billion to the Terra LUNA crash in May. Hashe...
Terra LUNA Price Prediction: Recovery from the LUNA Fiasco
LUNA and its algorithmic Terra stablecoin UST finally crashed. The crypto community can’t help but ask the relevant questions. Was the unprovoked attack on Luna an inside job or a villain on the loose...
Crypto Saving App Pauses Reward Distributions and Changes Withdrawal Limits Amid 3AC Fiasco
Finblox, a high-yield crypto savings platform, has announced that it has halted its user reward system and altered withdrawal limits. The platform cited the prevailing “highly volatile market” as the ...
South Korea Prepares New Crypto Laws After Terra Fiasco
Following the recent shockwaves of the (LUNA) crash which had shaken the spirit of many crypto enthusiasts, South Korea’s ruling party, People Power Party (PPP), is reportedly considering new crypto l...
Investors File Class Action Lawsuit Against Binance US Following LUNA-UST Fiasco
A new class-action lawsuit filed against the US branch of the largest cryptocurrency exchange alleges the company of misleading investors and illegally allowing the sale of unregistered securities – L...
China ride-hailing giant Didi to start trading on OTC market after NYSE delisting, ending an 11-month fiasco that angered Beijing
Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock...
Do Kwon Refutes Claims of Cashing Out $2.7 Billion Before the LUNA-UST Fiasco
The founder and CEO of Terra, Do Kwon, has refuted recent claims that he has cashed out a whopping $2.7 billion before the fiasco that led to UST losing peg and LUNA crashing to $0. Well-known anonymo...
How these new ‘money laundering’ claims tie into the Terra UST depegging fiasco
The U.S Securities and Exchange Commission has launched an investigation into the Terra crash. The Terra explosion is one of the biggest busts in the crypto history. The probe also investigates the ma...
Blockchain Ticketing Could Have Prevented the Champions League Fake Tickets Fiasco
Blockchain Ticketing: The recent final of the Champions League tourney was one of the most prestigious soccer events in the world. However, it was marred by a massive ticketing scandal. It could have ...
Terra fiasco triggers bigger backstop for TRON’s stablecoin
Following the total collapse of Terra’s algorithmic stablecoin in May, TRON this morning announced a plan to significantly increase the amount of capital backing up its own stablecoin. USDD — at first...
Jump Crypto Shares Details on the UST-LUNA Fiasco
Jump Crypto – the crypto dedicated arm of Jump Trading – has released a report analyzing the early stages TerraUSD (UST)’s de-pegging event. The company, which was heavily involved with Terra’s blockc...
Has Bitcoin Bottomed Out? Ex-BitMEX CEO Arthur Hayes Says Terra (LUNA) Fiasco Offers a Clue
Former BitMEX CEO Arthur Hayes says the collapse of Terra (LUNA) is giving a hint on the bottom price of Bitcoin (BTC). In a new commentary on Bitmex’s Crypto Trader Digest, Hayes says the decoupling ...
Was Terra UST fiasco premeditated? Here’s how large investors were able to escape unhurt
Latest report says large investors were able to get out earlier than the small investors during the Terra collapse. The report was published by Jump Crypto, a crypto market-making unit of Jump Trading...
Post the Terra UST fiasco, here’s how Japan plans to protect crypto investors
The crypto market underwent a massive correction period, the aftereffects even experienced till today. The largest decentralized stablecoin on the market (once upon a time), UST, faced a total collaps...
Justin Sun’s Take on the UST-LUNA Fiasco
Tron founder Justin Sun recently penned a blog post reflecting upon the lesson he learned from Terra’s notorious collapse. According to him, over-collateralization is essential for maintaining the sta...
Terra [LUNA]: Nansen’s report reveals new information on UST’s depegging fiasco
Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from...
Vitalik Buterin’s Take on Algorithmic Stablecoins Following Terra Fiasco
Vitalik recently shared his thoughts on the future of algorithmic stablecoins in the wake of TerraUSD’s failure. While he believes that skepticism and scrutiny of existing protocols is “highly welcome...
Post UST’s depegging fiasco, data seems to suggest returning interest in stablecoins
Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust, t...
Delphi Digital Explains How the LUNA-UST Fiasco Harmed the Firm
The cataclysmic fall of the Terra ecosystem last week wiped nearly $40 billion off the cryptocurrency market, leaving UST and LUNA investors (both retail and investment firms) in severe losses. As tho...
Citadel Capital CEO Ken Griffin Says Terra (LUNA) ‘Fiasco’ Should Be a Wake-Up Call for Regulators
Citadel Capital CEO Ken Griffin is arguing the collapse of Terra (LUNA) should serve as a wake-up call for regulators. In a new interview, Griffin says the Terra (LUNA) “catastrophe,” which also saw t...
Avalanche Loses $60M in LUNA-UST Fiasco, Founder Compares Terra’s Crash to Mt Gox Hack
Terra’s crash last week left many investors scratching their heads and counting losses. Other crypto projects and investment firms that partnered with Terra were also affected and are reporting major ...
Billionaire backer breaks silence on Terra fiasco calling it ‘heart wrenching’
Speaking for the first time since the sensational collapse of the Terra ecosystem, Galaxy Digital CEO Mike Novogratz penned an open letter warning of the risks of cryptocurrency. Galaxy Digital, along...
UK Treasury reaffirms commitment to regulate stablecoins following TerraLUNA fiasco
UK’s exchequer has just affirmed its vow to regulate stablecoins to create a healthy environment for stablecoin issuers and service providers, given the recent TerraUSD (UST) and Terra (LUNA) market c...
Global Watchdogs to Regulate Stablecoins Following TerraUSD (UST) Fiasco
The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following t...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears – Bitcoin News
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last we...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears – Coinotizia
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last we...
SEC Commissioner Calls for Accelerated Stablecoin Regulations After the UST Fiasco
Peirce, also affectionately known as ‘Crypto Mom,’ said that there might soon be movement on stablecoin regulations in the U.S. The comments came at an online panel debate hosted by the London-based O...