A market intelligence firm says seven crypto wallets may have been involved in the depegging of algorithmic stablecoin TerraUSD (UST) from the US dollar. According to digital assets insights firm Nans...
Tag: TerraUSD
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...
TerraUSD de-peg controversy exposed by Nansen’s analysis
After the broadly publicized collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA), crypto analytics companies, including Nansen, have been trying to make sense of it...
‘More Systemic Risk’—The Stablecoin Fallout Could Be Just Starting As The Price Of Bitcoin, Ethereum, Terra’s Luna, Solana, Cardano, XRP Sink
The crypto market is covered in red again. This week the price of bitcoin price fell 2.4% and ethereum’s price is down 5.0%. Cardano ADA fell 9.8%, XRP XRP lost 6.14%, and solana slumped 12.4%. Meanwh...
Do Kwon’s Terra-Luna revival plan means abandoning TerraUSD
The CEO of Terraform Labs is attempting to relist LUNA 2.0 all the while fielding a police enquiry following the Terra/Luna collapse that saw the TerraUSD stablecoin lose its peg and investors lose mi...
UK Treasury Plans To Go Ahead With Legalizing Stablecoins Despite TerraUSD Debacle ⋆ ZyCrypto
Advertisement     In April, the UK had revealed plans to become a crypto hub and legalize stablecoin payments. Following last week’s events, many had thought that Her ...
Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?
A cryptocurrency exchange in Brazil has taken the unprecedented step of spending its own money to refund customers for their TerraUSD coins at the full rate. According to reports in local media on May...
Panic-Driven Crypto & Stablecoin Regulation Would Create Further Instability
In reaction to the volatile events of the last few weeks, both the stock and cryptocurrency markets have taken a deep dive. While this downturn is distressing to many, it has emboldened progressive po...
After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves
As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announ...
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...
TerraUSD Falls Significantly as Bears Gain More Grounds
May 19, 2022 at 15:30 // Price TerraUSD (UST) is in a downtrend as the altcoin fell sharply to a low of $0.050 but has recovered. Today, the altcoin is trading at $0.073 at press time. The cryptocurre...
‘Correction Of Over 90%’—Leading Crypto Analyst Issues Stark Crypto Price Prediction As Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Go Into Free Fall
A week into the stablecoin implosion, the crypto market holds its bearish course. This week, the bitcoin price dropped 6%, and other major coins followed suit. Ethereum’s price is down 11%, BNB 5%, do...
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...
Voting For Terra (LUNA) New Blockchain Goes Live, With TerraUSD (UST) Not Included In Plan
– Advertisement – The Terra team has commenced the process of deciding the future of its ecosystem and compensating holders for their losses. 1/ Terra governance prop #1623 to rename the ...
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...
MakerDAO’s Founder Predicted TerraUSD (UST) As Ponzi In January, But Many Ignored
– Advertisement – The MakerDAO founder had warned that UST will go to zero because it is a solid Ponzi. It is no longer news that TerraForm Labs ecosystem tokens, including TerraUSD (UST) ...
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 ...
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 ...
What caused TerraUSD to “Break the Buck”
With weeks, months of bleeding in Satoshi streets and extreme fear of Inflation, a heavy load of sell-offs are rising negative market sentiments. The next big shocker is the stablecoins the world is e...
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...
Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg
Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. Ever since...
Binance CEO’s latest announcement had this effect on TerraUSD [UST] prices
The crypto market is slowly adjusting to a new normal after the de-pegging of TerraUSD [UST] sent ripples through the Terra ecosystem and the sector at large. At press time, the ex-stablecoin once peg...
Mike Novogratz’s Galaxy Digital Sees Massive $300,000,000 Loss This Quarter, Hints Zero Exposure to TerraUSD
Crypto asset manager Galaxy Digital has taken a deep hit following the significant downturn in digital asset markets. According to a recent press release, the firm is reporting that is on track to los...
Ethereum Founder Vitalik Buterin Supports TerraUSD (UST) Recovery Plan That Prioritizes Small Holders
Ethereum founder Vitalik Buterin says he supports a suggestion on how to reimburse holders of TerraUSD (UST) following the massive collapse of the Terra ecosystem last week. Originally put forth by a ...
Ethereum Founder Vitalik Buterin “Strongly Agrees” With Terra’s Plan to Compensate Small TerraUSD (UST) Investors Over Rich Investors
– Advertisement – The Ethereum creator believes that a plan to focus more on compensating small investors is a good hybrid formula. Vitalik Buterin, the founder of Ethereum, noted in his r...
Bitcoin Trades Near $30,000 as Markets Digest TerraUSD Fallout
(Bloomberg) — Bitcoin staged a modest recovery to trade at around $30,000, extending a period of relative market calm after the collapse of a closely watched stablecoin roiled digital assets in ...
Terra Luna Price Continues to Drop, TerraUSD (UST) Hits New All-Time Low » NullTX
After the UST de-peg, which occurred on May 9th, LUNA and UST prices continued to drop, hitting new all-time lows day after day. While several influencers are urging investors to purchase LUNA at such...
Fantom [FTM] trumps TerraUSD [UST] as investors were dumbfounded by…
The impact of Terra’s downfall continues to send shockwaves across the crypto space with altcoins trying to recover from the Crash of 9 and 11 May. Most of the altcoins have somehow managed to look no...