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...
Tag: UST
Report Suggests Large Terra Investors Abandoned LUNA And UST Before Things Went Wild
– Advertisement – The company noted how small UST became the major victim of Terra’s collapse. Following the unfortunate incident that rocked the Terra ecosystem and the entire crypto mar...
Retailers Continue to Buy During UST Crash While Large Investors Exit
A stable coin UST ran on the Terra blockchain ( now Terra Classic), was designed to maintain its dollar peg through both algorithms and trading incentives involving another token, Luna. The growth of ...
CNBC Reports Terra Founder May Not Go To Prison For LUNA And UST Crash
– Advertisement – Is Terra’s Do Kwon Going To Jail, Or Will He Pay Up? What Are The Options? Recently, Terra Luna’s issues have been a significant subject of discussion on crypto streets...
Tether co-founder says UST disaster spells doom for algorithmic stablecoins
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tether (USDT) co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed TerraClassicUSD (USTC) — might ...
USDD is fueling Tron’s DeFi TVL rise, draws comparison with Terra’s UST
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching its algorithmi...
UK Treasury Strengthens Regulations Around Stablecoins Following UST Collapse
In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don’t threaten their wider financial system. Her Majesty’s Treasury printed...
UK Wants to Give Central Bank More Power to Oversee Stablecoins after UST Crash
Yuri Molchan UK government wants to empower BoE to oversee administration of companies whose stablecoins have failed Contents Amending legislation to address stablecoin-related risks Tougher regulatio...
Has Do Kwon Executed the 1.4B TerraUSD (UST) Burn? Terra Investors Demand Answers
– Advertisement – Above 1 Billion UST burned or not? Community demand answers. Some Terra investors are demanding evidence showing that TerraForm Labs indeed burnt nearly 1.4 billion USTC ...
Stablecoins Face U.K. Regulation Following UST Collapse
Key Takeaways The U.K. government wants to address the risks associated with stablecoins. A new consultation paper argues that existing regulatory regimes can be applied to unregulated digital payment...
Tezos co-founder predicted the collapse of the UST
TerraUSD (UST) is an algorithmic stablecoin pegged to the US dollar. It’s designed to maintain 1:1 parity with the dollar automatically, via a stabilizing mechanism that takes the form of another toke...
That’s Why Terra 2.0 Abandoned UST??? As Apparently Terra Founder Do Kwon Looking To Bring New Stablecoin
– Advertisement – Is Do Kwon Planning To Create A New Stablecoin On Terra 2.0? Terra’s Do Kwon is still a major subject of discussion within crypto circles after the collapse of Terra LUNA...
Terra 2.0 launches as old LUNA and UST holders receive airdrops
The Terra LUNA token and the UST stablecoin collapsed earlier this month, leading to Terraform Labs proposing the creation of a new blockchain. This new blockchain dubbed Terra 2.0 was launched on May...
Terraform Labs’ Employees Probed For Intentional LUNA, UST Price Manipulation — Terra 2.0 At Risk? ⋆ ZyCrypto
Advertisement     South Korean authorities have initiated queries into Terra’s ecosystem-wide crash that unfolded earlier this month. According to local media reports,...
Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation
The head of a key US banking regulatory agency says Tether (USDT), a stablecoin designed to be pegged to the US dollar, may not be a safe place for crypto investors to park their capital. Earlier this...
Terraform employees under probe for UST collapse in South Korea
? Want to work with us? CryptoSlate is hiring for a handful of positions! In the quest for answers pertaining to the collapse of the Terra ecosystem earlier this month, South Korean authorities are no...
Some UST & LUNA Investors Cashed Out Before Price Collapse
A number of UST investors, such as VC firms, suggest that judicious moves prior to the price crash saved them from incurring heavy losses. Despite the fact that the recent UST stablecoin and LUNA cras...
Terra CEO Is Now Under Investigation of Alleged Price Manipulation of LUNA and UST
– Advertisement – Do Kwon continues to be the recipient of a series of investigations following the collapse of Terra. South Korean authorities have launched a full-scale investigation in...
Why is UST collapse worse than war for this Ukrainian Family?
For many instances, losing its virtue and value by a company is more than just this as many hopes and aspirations are adjoined with it, that collapse with the business collapse Since the news of Terra...
TerraUSD (UST) Collapse Could Be Orchestrated by Small Group of Large Wallets: Report by Nansen
Vladislav Sopov Industry-leading on-chain analytics firm Nansen attempts to provide detailed explanation of what has happened to UST prior to its historic collapse Contents No, UST was not taken down ...
Seven Wallets Could Have Initiated TerraUSD (UST) De-Peg, According to Crypto Analytics Platform Nansen
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...
We Need to Talk About Exchanges That Sell You Coins Like UST
CoinDesk Editor-in-Chief Kevin Reynolds alerted me this week to a striking Linkedin post by a Coinbase (COIN) staffer. In the post, apparently now deleted, the Coinbaser wrote in part that it’s “crazy...
Terra Community Votes Unanimously to Destroy 1.3B UST Tokens
The governance vote on Terra’s proposal 1747 to burn 1.388 billion UST stablecoinsstablecoins has passed. This will reduce UST’s supply by roughly 11% of its total supply of 11.28 billion tokens, acc...
Terra 2.0 Launched on May 27 – Should You Buy LUNA and UST
TerraUST’s crash was a wake-up call for many in the crypto ecosystem. The crash caused a whopping 280 billion dollars to disappear from the cryptocurrency market. Most now understand the fallacy of an...
Two key takeaways from Nansen’s UST stablecoin depeg report
As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. The cryptocurrency ecosyst...
YIELD APP AVOIDS $UST EXPOSURE WITH RIGOROUS RISK ASSESSMENT
Yield App, a global FinTech company and digital wealth platform, reinstates its comment to rigorous risk assessment across all its portfolios amid the $UST/$LUNA collapse, emphasising that none of its...
Terra governance system passes plan to burn 1.3 billion UST tokens
The Terra governance system has voted to approve a proposal to burn all TerraUSD (UST) tokens held in the project’s community pool and UST deployed for past liquidity incentives on Ethereum. This amou...
Terra to burn 1B UST from the community pool as holders vote for it
In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, Terra founder Do Kwon explained that a potential ...
Terra’s New Blockchain To Go Live This Saturday As Community Votes To Burn Over 1 Billion UST Tokens ⋆ ZyCrypto
Advertisement     Do Kwon’s plan to revive the beleaguered Terra ecosystem appear to be coming to fruition. Developers have announced that the new Terra blockchain wil...
Nansen Report shows that UST lost its peg due to the work of multiple large entities
? Want to work with us? CryptoSlate is hiring for a handful of positions! TerraUSD (UST) losing its $1 peg and falling to $0.03 and the crash of Terra (LUNA) to $0.0001372 were two events that shook t...
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...