Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange expressed his disappointment in the way Terraform Labs handled the recent LUNA and UST collapse. Zhao said that the team be...
Tag: UST
Terra Goes Offline Indefinitely After Resuming Service LUNA And UST Remain On Life Support
After restarting the network from an overnight downtime to prevent any governance assaults, Terra officially ended block production at 09:58 am HKT on Friday, block height 7607789. Terra stated that v...
LUNA hits new lows as Kwon pursues plan to restore UST peg
The price of LUNA, the native token of the Terra blockchain, hit new market lows Thursday morning. The cryptocurrency dipped below $0.30 for the first time early on May 12, hitting a low point of $0.2...
Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash
Crypto exchange giant Coinbase is announcing plans to suspend trading of TerraUSD (UST) and Wrapped Luna (WLUNA) on all levels of the platform. Coinbase Assets recently made the announcement on Twitte...
LUNA, UST re-listed on Binance – ‘there is progress’
Binance said it will relist LUNA/BUSD and UST/BUSD have been re-listed after being taken down early May 13. Following a historic week in crypto where UST de-pegged to 11 cents and LUNA lost 99.999% of...
The SEC has already sued Terraform Labs. It has every reason to investigate UST, lawyers say
The Securities and Exchange Commission is likely already investigating what happened to UST over the past week, two former SEC lawyers tell The Block. “The SEC is already on the scene as they are inv...
Terra Initiates Proposal to Burn Remaining UST
A new proposal with additional points added to Do Kwon’s initial rescue plan for UST was presented on May 12. Do Kwon is the CEO of Terraform Labs. The proposal, named “Agora,” initi...
Binance CEO “Very Disappointed” With How The Terra Team Handled The Luna And UST Incident
– Advertisement – Binance CEO “Very Disappointed” With How The Terra Team Handled The Luna Incident. Terra Luna seems to be antagonizing people from all corners of the crypto industry. N...
Binance Removes Trading Pairs for UST, LUNA—Except for BUSD
UPDATE: Binance initially delisted UST and LUNA pairs on its platform, but has since resumed trading exclusively for UST/BUSD and LUNA/BUSD. This article has been updated accordingly. The world’s larg...
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...
OKX Delists Terra’s LUNA and UST Citing User Protection
In explaining the reasons for Binance’s suspension, Zhao initially tweeted that “an exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Some of our...
Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral
Things are not getting any better for the Terra ecosystem as Binance has now decided to delist LUNA and UST trading pairs. On May 13, Binance, the world’s largest crypto exchange by volume, posted a n...
Swiss Asset Manager GAM Looks Forward To Back Terra’s UST Peg! Will LUNA Reclaim $1?
Terra, which was among the largest cryptocurrencies, has dropped below $1 crashing by almost 99% overnight and this move has wiped out 95% of investors’ wealth. The reason is the Terra blockchain’s US...
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, Luna and UST: How we got here
Crypto history was made this week as one of the most popular stablecoins, TerraUSD (UST) lost its peg to the US dollar and then, over the course of a few days, collapsed to below $0.30. The stablecoin...
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...
Luna Terra Resumes Block Production, UST and LUNA Price Drops Lower » NullTX
After halting the blockchain for roughly 10 hours, Luna Terra officially resumed its block production approximately an hour ago, enabling traders to move their LUNA off exchanges and encouraging users...
LUNA Crypto Left Worthless Following UST Stablecoin Loses Its Peg
Luna, which is the existing crypto for the Terra network besides its stablecoin TerraUSD, has subsided to the $0 mark. Even the TerraUSD (UST) witnessed a break of its one-to-one Dollar peg. It is t...
Binance Announces Suspension of LUNA and UST Trading
Binance, one of the world’s largest cryptocurrency exchanges, confirmed today that the company has suspended the trading for LUNA and UST amid issues on the Terra blockchain. The recent news from the ...
Binance Delists LUNA Futures Contract & Suspends UST Trading Pairs, Will LUNA Price get Back on Track?
As the native token of Terraform labs Terra(LUNA) dropped by 100%, losing 100% of its value, many exchanges came forward to halt the trade. In a recent update, the largest cryptocurrency exchange Bina...
Terra announces recovery plan as LUNA and UST continue dipping
The Terra ecosystem has suffered from one of the worst crashes in the cryptocurrency market. The collapse of the LUNA token by over 99% has been caused by the depegging of the UST algorithmic stableco...
The Aftermath of Terra (LUNA) Crash: Why UST May Regain Its Peg Value? – Coinpedia – Fintech & Cryptocurreny News Media
Terra (Luna) fell at 99.6% after reaching its all-time high of about $120 last month. The terra price has now dropped to 0.005. Crypto exchanges have started taking steps in response to the fall of L...
How was the Terra(LUNA) & TerraUSD (UST) Impact on the Crypto Space?
The post How was the Terra(LUNA) & TerraUSD (UST) Impact on the Crypto Space? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Crypto markets bleed red as...
Why Regulators Should Pay Attention To $UST – Coinpedia – Fintech & Cryptocurreny News Media
A dollar pegged stablecoin, TerraUSD has lost its peg twice over the past few days and has not recovered yet. The algorithmic stablecoin broke its peg this Monday again, hence it is necessary for regu...
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
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Gemini denies involvement in LUNA and UST crash
Gemini, a leading cryptocurrency exchange, has been linked to the ongoing saga with Terra LUNA and the depegging of the UST stablecoin. Several reports circulating on crypto Twitter had pointed to Gem...
Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
LUNA has left crypto enthusiasts’ mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight. LUNA and T...
Terra Announces New Emergency Measures To Support LUNA And UST
Terraform Labs on Thursday said it has proposed three new emergency measures to save LUNA and UST stablecoin. The company has proposed to burn all UST in the community pool, burn the remaining 371 mil...
Coinbase users lose Wormhole LUNA, UST after sending it to the exchange
During the recent death spiral of UST and LUNA, many tried to send their tokens to their Coinbase wallets, and they ended up losing them altogether. The problem emerged from the main Terra bridge’s t...
As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way
When the market crashes, investors usually watch Bitcoin with frantic eyes – but everything is different this time. A Terra-fying saga is in progress, which saw Terra [LUNA] lose more than 95% of its ...
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon’s, rescue plan for UST. The thread...
Treasury Secretary Janet Yellen to Discuss Stablecoin Today Amid TerraUSD (UST) Crash
– Advertisement – Janet Yellen, the United States Treasury Secretary, is scheduled to testify later today before the U.S. House Committee on Financial Services. According to people famili...