In order to restore the LUNA and TerraUSD from the latest crash that swayed away from the whole crypto market, Terra has to just pop out with more than one proposal. Amid the voting process for the ne...
Tag: UST
What Is Tether? Will It Fall Like UST In The Future?
Cryptocurrencies are highly volatile, making it difficult for holders to preserve asset value. It’s safe to mention that digital assets are a great way to transfer money to friends/family in different...
Terra’s UST Suddenly Spikes by 150%, Reaches $0.3: Potential Reasons
Arman Shirinyan UST makes massive comeback, it may seem, but it is most likely a simple bug According to data from the CoinMarketCap tracker, Terra’s UST stablecoin, which recently caused a cata...
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...
Terraform Labs’ Legal Team Resigns after Collapse of UST and LUNA
Everyone linked with the Terraform Labs is not living in denial about the collapse of the Terra blockchain in its current form and the exit of the legal team is not deterring Do Kwon from proposing a ...
South Korea Rebirths Specialized Crime Unit to Investigate Terra’s UST Collapse
– Advertisement – Korean authorities believe Terra’s collapse is not properly investigated and as such it has revived a tactical crime unit to ensure no stone is left unturned in the Terra...
Terra Stablecoin (UST) Spikes By 160% To $0.3, Here’s Why
In a bid to revive the LUNA and TerraUSD from the recent historic crash, Terra has come out with multiple proposals. Amid the ongoing voting over the newly updated proposal, Terra’s UST prices briefly...
Shocker: Leaked Documents Shows Do Kwon Dissolved Terra Labs Few Days Before LUNA And UST Tanked
– Advertisement – Do Kwon De-registered His Company Right Before Terra Luna And UST Tanked. Terra Luna is still in the headlines for all the bad reasons. After experiencing a massive pri...
Mike Novogratz Speaks: Terra’s UST Was “A Big Idea That Failed”
After 10 long days, Mike Novogratz broke his silence on the Terra/ Luna situation. Considering that he was one of the protocol’s main proponents and even got a Luna tattoo, the community’s interest in...
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 ...
Terra Co-Founders Face Lawsuit from Korean UST and LUNA Investors
In the aftermath of Terra’s collapse, co-founder Do Kwon now faces legal pressure from affected Korean investors. They’ve filed both criminal and civil lawsuits, alongside an order to seize Kwon’s ass...
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout – Bitcoin News
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terr...
Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake
Argo was able to sell its UST positions at 93 cents per token before the price fully collapsed, according to Wall. Most recently, UST was still trading around 10 cents according to CoinDesk’s price in...
Terra faces litigation from South Korean investors over failed UST investment
After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to loca...
Is Tether’s USDT Going to Pull a UST? Probably Not
Key Takeaways Following Terra’s UST collapse, Tether’s USDT market cap has dropped by over $9 billion. The recent redemptions of USDT for dollars have led some to once again question the c...
3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout – Bitcoin News
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house li...
Terra’s Legal Team Resigns in Wake of UST, LUNA Collapse
The industry-wide unrest generated by Terra’s collapse last week continues to reverberate—this time within the company’s own walls. Terra’s in-house legal team has resigned, a Terraform Labs spokesper...
Leading Korean law firm to sue Do Kwon amid UST and LUNA ordeal
Following the stunning collapse of TerraUSD (UST) last week, LKB & Partners, one of South Korea’s top law firms, has decided to prosecute Terraform Labs founder and CEO Do Kwon. Korean media relea...
Terraform Labs’ Legal Team Quits After UST Crash – Another Blow To Kwon
The ongoing rigmarole with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn after a purported modification in job status for some members of the company’s legal staff. The int...
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) ...
Do Kwon summoned to parliamentary hearing following UST and LUNA crash
The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now the South Korean Conservative Party has requested a parlia...
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...
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST – Regulation Bitcoin News
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchange...
Crypto Rout: Another Stablecoin Falls After UST and Luna
Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catc...
Terraform Labs’ legal team quit as UST collapsed
Terra’s legal team resigned as UST lost its dollar peg and collapsed, pushing the Luna token to zero, according to sources familiar with the matter. As reported by the crypto publication The Block on ...
US CRS Reports Improper Regulations on Stablecoins, Amidst UST Crash
The US CRS puts out a report on the UST crash. Shows regulatory unfulfillment with stablecoins. New fork to be out by Terra LUNA. The downfall of Terra’s UST and LUNA ought to be the hottest topic fo...
How Terra’s Algorithmic Stablecoin Came Crashing Down
Over the past week and a half, in one of the largest wealth-destroying events in crypto history, we witnessed the horrific unravelling of the Terra ecosystem. Terra, prior to its demise, was one of th...
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 ...
US congress research agency weighs in on UST crash, notes gaps in regulation
The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key ...
South Korean Congress Calls Terra Founder Do Kwon To Explain LUNA And UST Fall
– Advertisement – South Korean Congress Calls Terra (LUNA) Founder. According to the South Korea Local newspaper, NEWSPIM, South Korean lawmakers requested that Terra founder Do Kwon and...
Tether explains why it ‘has nothing in common’ with Terra UST
The implosion of Terra UST has damaged the reputation of stablecoins and the broader crypto industry. But in an attempt to distance itself from the fallout, Tether says it is different. In a recent bl...