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 ...
Tag: UST
Binance CEO ”CZ” Says The Exchange Does Not Hold Any Of Terra’s UST
Binance CEO “CZ” in a tweet on Monday clarified that the exchange did not buy, and does not own any UST. Any UST the exchange had was from trading fees, and is now valued close to zero- following a se...
UK Treasury en route to legalizing stablecoins amid Terra’s UST crash
United Kingdom’s Department of Treasury, or Her Majesty’s Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the de...
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...
Binance CEO Says Buy Back Or Burn Terra (LUNA) To Create Value, Confirms Exchange Doesn’t Hold UST
– Advertisement – Binance CEO Says The Exchange Doesn’t Hold Any UST and Terra team should Burn LUNA to help price recover. It’s been a devastating week for Terra Luna and UST after the cr...
Do Kwon CEO of Terraform Labs broke his silence on “the fall of LUNA and UST stablecoin”
Kwon advocated, via a Terra discussion site, that the network be effectively restarted by releasing 1 billion tokens to affected holders and users. Do Kwon, CEO, and co-founder of Terraform Labs, brok...
Do Kwon says he is ‘heartbroken’ in new statement, claims no UST or LUNA sold during crisis
Terraform Labs co-founder and CEO Do Kwon broke his social media silence early Friday evening with a trio of tweets about the collapse of Terra’s LUNA token and associated stablecoin, UST. Get Y...
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...
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...
Do Kwon pitches revival plan for Terra blockchain, with distributions to LUNA and UST holders
Do Kwon, the co-founder and CEO of Terraform Labs, pitched a revival plan proposal on Friday following the collapse of the algorithmic stablecoin UST and its related Terra-based asset, Luna. The propo...
USD Coin (USDC) on Tron (TRX) Smashes Through Major Milestone Amid UST Drama
Vladislav Sopov His Excellency Justin Sun, founder of Tron (TRX), shares that USD Coin (USDC) expands its bet on Tron (TRX) as technical basis Contents USDC supply on Tron (TRX) surpasses $1 billion f...
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...
Binance CEO Explains How Terra Should Have Managed UST Situation
Arman Shirinyan Binance CEO explains what should have been done to save the entire market The CEO of one of the biggest cryptocurrency exchanges in the world offered his view on the UST situation and ...
UST Is Trading in a Deep-Shallow Zone
TerraUSD Price Prediction – May 14Since the inception of the UST/USD market has been under a bearish trading outlook. The situation has not differed until now as the UST economy is trading in a deep-s...
Not Just UST; Terra Crash Hits These Cryptos Hard
Terra’s astronomic crash has largely dented market sentiment this week, and likely fed broader crypto weakness. But the project’s status as a Layer-1 blockchain meant that several tokens, apart from L...
How Terra’s UST and LUNA Imploded
Decrypting DeFi is Decrypt’s DeFi email newsletter. Art: Grant Kempster Amid the craziest week in crypto ever, the collapse of Terra’s UST stablecoin and governance token LUNA emerged as t...
Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout – Bitcoin News
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person...
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...
Coinbase Sooner To Suspend UST and WLUNA Trading
6 seconds ago | 2 mins read Exchange News Trading in these Terra coins will be suspended on May 27. Several exchanges have already delisted Terra assets. Prominent exchanges have delisted Terra’s toke...
Satoshi’s Mission, LUNA, UST and Where Crypto Went Wrong
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. “But they, our ancestors, became arrogant ...
‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash
Luna LUNA , the collapsed cryptocurrency that was designed to support the terraUSD (UST UST ) stablecoin, has rocketed higher over the last 24 hours despite falling to near zero this week—a dramatic c...
What if Terraform Labs Undertakes This Hypothetical Step to Save LUNA & UST Price?
Will LUNA be Forked Amid the Recovery Plan? After the recent nightmare of the UST de-pegging and LUNA price crashing to the dust, the platform was heavily criticized for not handling the situation wis...
Terra Founder Do Kwon Says He Never Sold UST Nor LUNA During Price Crash
– Advertisement – Do Kwon mention that he also suffered huge losses because he never sold any of the tokens. Terra’s team, led by Do Kwon, has come under heavy scrutiny within the past wee...
No $LUNA or $UST Were Sold This Crash Says Terra Founder Do Kwon Outlining Recovery Plan – Coinpedia – Fintech & Cryptocurreny News Media
From the last few weeks, and just three days ago, Terra Luna’s supply was just 340,000 according to Terra analytics. And the UST lost its peg from the dollar on Monday, and that is when the Luna start...
This LUNA $UST Stablecoin Rival Makes Positive Strides Amid Crash
In the midst of an unprecedented meltdown of the Terra blockchain and the market’s subsequent testing of stablecoin prices, another algorithmic stablecoin is making significant strides. In a latest mo...
Binance suspends LUNA and UST trading amid issues on Terra blockchain
Global cryptocurrency exchange Binance has suspended trading pairs with Terra (LUNA) ecosystem’s cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algor...
Do Kwon Resurfaces to Propose Clean Slate for Terra—Without UST Stablecoin
After a short absence from Twitter and social media, Terra co-creator Do Kwon emerged on Friday to propose an “ecosystem revival plan” for the network. In it, he suggests that UST is not c...
Terra’s LUNA, UST Relisted On Binance As New Data Reveals Movement Of LFG’s Bitcoin Reserves ⋆ ZyCrypto
Advertisement     Binance CEO Changpeng Zhao (“CZ”) expressed disappointment at how the whole UST/LUNA escapade was handled following UST’s de-peg. In a thread of twee...
CZ Reveals Why He Shutdown LUNA And UST Trading On Binance
Changpeng Zhao, popularly referred to as CZ, is the founder and Chief Executive Officer of Binance. Speaking from his official Twitter handle, he revealed what prompted the decision to take LUNA and U...
UST to USDT: Here’s what caused largest 1-day dump in USDT’s addresses
The ongoing cryptocurrency crash has injected a chaotic sentiment within the investors. The steep decline saw $200 billion in value wiped out in a single day. Bitcoin alone fell to below $25,000 on th...
Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers
Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. He details a recovery plan that includes giving the new bl...