After reaching and briefly exceeding $30,000 yesterday, bitcoin was rejected and dropped by more than a grand. Most altcoins are also slightly in the red today, with ETH struggling beneath $2,000 and ...
Tag: UST
Three Metrics Suggest a Key Trend on Stablecoins Following Terra UST Collapse
The Terra ecosystem collapsed earlier this month, with the LUNA token plunging to zero after the UST stablecoin lost its peg. The contagion risk subsequently spread to the stablecoin landscape. ? #Sta...
Market Pundit: UST And Terra (Luna) Collapse Is NOT An Indication That Crypto Market Is Ending
– Advertisement – Crypto Market Is Not Ending Because Of Terra. Since the collapse of the Terra blockchain ecosystem, there has been a pessimistic sentiment spreading within the crypto m...
Another Top American Exchange Halting Terra USD (UST) Trading After Coinbase
– Advertisement – Gemini follows Coinbase to halt UST trading. Following the crash of the Terra ecosystem tokens and the de-peg of TerraUSD (UST), U.S.-based cryptocurrency exchange Gemini...
Burn The Remaining Terra USD (UST) Vote Passed But Failed to Execute Due to Technical Issues
– Advertisement – Terra’s Proposal to Burn UST Failed to Execute Due to Technical Issues. The team’s proposal to burn UST failed, as a new proposal is launched toward that effect. Terr...
Terra’s amended revival plan would decrease the allocation for post-attack UST holders
After a grueling two weeks for the Terra community, the team behind the project announced revisions to their proposed revival plan for Terra (LUNA) and TerraUSD (UST). In a Tweet, Terra shared three ...
This Stablecoin’s Market Cap Skyrockets Amid FUD In Tether, UST
The crypto market crash last week has vastly shaken the crypto industry, with volatility witnessed in stablecoins too. The de-peg of TerraUSD (UST) and a brief decline in Tether (USDT) saw redemptions...
Binance CEO Says UST and LUNA Crash Could Have Been Avoided If Terra Used Its Bitcoin Reserve Earlier
– Advertisement – CZ is still not happy with the way Terra handled last week’s situation as he believes the crash could have been avoided if the team had acted swiftly. Changpeng “CZ” Zha...
Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull
– Advertisement – The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down to pennies while UST was de-pegged from the US D...
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...
Majority Of Terra Community Wants New Luna Chain Without UST
– Advertisement – The Terra community has been deliberating on the way forward after the crypto lost over 95% of its ATH value. Many in the crypto community at large have offered their opi...
Another Stablecoin Takes A Bow Following UST Crash
The recent crash of the UST stablecoin had rocked the market to its core. This depegging was credited for most of the market crash and the incredibly low momentum that has trailed most digital assets ...
Tether’s CTO says the UST collapse was caused by poor design
The Chief Technology Officer at Tether and Bitfinex, Paulo Ardoino, has said that the Terra project is “poorly designed.” Ardoino also reiterated that the Terra network was not intended to be a rug pu...
Prominent Influencers Of Crypto Space Calls Terra UST A Castle Of Cards! Here’s Why?
According to Tether (USDT) and Paolo Ardoino, Bitfinex chief technology officer, the Terra (LUNA) project was not actually created for a rug pull, instead it is one that is of a poor design. While tal...
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terr...
Here’s How Terra Blockchain Plans To Support Its LUNA & UST Holders – Coinpedia – Fintech & Cryptocurreny News Media
Recently Terra (LUNA) had one of the worst crashes where the price bottomed below $1 along with the blockchain’s stablecoin, UST which got de-pegged. This price action by Terra affected the whole cryp...
Australian Largest Bank Halts Rollout of Its Cryptocurrency Trading Service After UST and LUNA Crashed
– Advertisement – Australian Largest Bank Halts Roll Out of Its Cryptocurrency Trading Service After UST and LUNA Crashed The Commonwealth Bank of Australia has halted its in-house crypto...
Here’s What Galaxy Digital CEO Mike Novogratz Thinks About UST and LUNA Meltdown
On Twitter, Mike Novogratz, Founder, and CEO, of Galaxy Digital (GLXY.TO), shared his views about UST and LUNA meltdown via a public letter linked to the tweet. Due to the macro backdrop, the reserve...
Stablecoins: UST, Systemic Risk & Ergo’s SigmaUSD
If you have been paying any attention to the world of cryptocurrency, odds are that you have heard about UST losing its peg and the Luna token crashing to less than $0.001. The effects of this event w...
Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST – Featured Bitcoin News
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon ...
Anchor Protocol-Linked Stablegains Allegedly Loses $42M to UST Collapse
Stablegains, a U.S.-based startup aimed at generating yield for investors via decentralized finance (DeFi) lending, has reportedly lost $42 million worth of funds belonging to investors as a result of...
Terra’s UST Causes A 20% Dump In DeFi Token Curve (CRV), Here’s How
The native token of DeFi giant Curve (CRV) slumped 20% on Thursday after the platform proposed removing support for UST. CRV plummeted to as low as $0.9- its lowest level in 16 months. It is now tradi...
G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
The FSB, an international body based in Basel that was responsible for generating many of the post-2008 financial norms, had previously promised a report on the regulation, supervision and oversight o...
THORChain To Remove TerraChain, Launches Emergency Withdrawals For Staked Terra (LUNA) and UST
– Advertisement – THORChain Launches Emergency Withdrawals for Liquidity Providers of LUNA and UST Before the Rebirth of New Terra Network. The cross-chain liquidity network has launched a...
Yield App Stablegains Faces Lawsuit After Losing $44M on UST
Key Takeaways Yield generation app Stablegains is facing a lawsuit after losing $44 million of users’ funds. Despite previously claiming it used USDC to generate yields, a recent update revealed...
Biggest DeFi Stablecoin Protocol Wants Terra’s USD (UST) Booted Out Of The Platform
– Advertisement – The Curve Community Wants Terra’s UST Booted Out Of The Platform. Amid the mounting issues beleaguering Terra, platforms hosting Terra USD (UST) liquidity flows are now...
LUNA, UST Volatility Spikes As Voting On Terra Fork Begins
After losing most of their value in the past two weeks, Terra’s native tokens- UST and LUNA- are experiencing large price swings. The volatility comes just after Terra opened community voting on its r...
Major Korean law firm decides to sue Do Kwon after UST collapse
LKB & Partners, one of the top law firms in South Korea, has decided to sue Terraform Labs founder and CEO Do Kwon after the sudden collapse of TerraUSD (UST) last week, Korean media reported on W...
LUNA 2.0 – New Blockchain by Terra Without UST
2 hours ago | 2 mins read Blockchain News During the launch, LUNA will be airdropped in major app developers of Terra Classic. Terra 2.0 is believed to be “a chance to rise up anew from the ashes”. Th...
What now for stablecoins following the Terra UST disaster?
It’s been over a week since Terra UST de-pegged, triggering a massive market drawdown. UST’s market cap plummeted from $18.7 billion to $1.15 billion at writing. Similarly, the Terra LUNA ...
Terra Investor Mike Novogratz Breaks Silence on UST, LUNA Collapse
There’s been one person notably absent from the conversation about the collapse of Terra’s $18 billion algorithmic stablecoin and $30 billion network token, LUNA: investor Mike Novogratz. ...
Tether CTO Paolo Ardoino Comments UST Was Just Poorly Designed
4 hours ago | 2 mins read Altcoin News Segregation between centralized stablecoin and algorithm stablecoin. Stablecoins become harder to manage as they grow larger. Paolo Ardoino, CTO of Tether and Bi...