Fireblocks’ cofounders (from left to right): Idan Ofrat, CTO; Michael Shaulov CEO; Pavel Berengoltz, VP of R&D Fireblocks Blockchain infrastructure provider Fireblocks has launched a suite o...
Tag: UST
Here’s why Luna UST crash is not crypto’s ‘Lehman Brothers’ moment
Investors were flummoxed by the sharp fall in Bitcoin’s value and that of other cryptocurrencies this past week, leading the total crypto market capitalization to plummet to as low as $1.23 trillion o...
Bitcoin Maintains $30K, Terra’s UST Continues Crashing and Dips to $0.04 (Market Watch)
Following yesterday’s drop to $29,000, bitcoin reacted well and reclaimed the coveted $30,000 line. Most altcoins are sitting calm with minor gains, while Litecoin and CRO have emerged as today’s top ...
Terra Founder Vows To Build Back LUNA, Says LUNA is More Than UST, Tells He Won’t Leave No Matter How Hard it Gets
– Advertisement – Terra CEO Reiterates His Intention to Make Investors Whole Again, Says He Won’t Abandon Them. “Terra is more than $UST. The Terra community is my family. I will always be...
Luna Foundation Guard Loses 80,000 Bitcoin Worth Over $3B due to UST Crash
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge. Following the crash of controversial stablecoin UST, the Luna Foundation Guard (LFG) ...
Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals
The Luna Foundation Guard (LFG) broke its silence on the state of its crypto reserves, saying that it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablec...
Terra Founder Proposes An Airdrop For Affected LUNA and UST Holders, Binance CEO Says ‘This Won’t Work’
– Advertisement – Terra Founder Wants An Airdrop For Affected LUNA and UST Holders, But the community doesn’t think it’s a good idea. The ghosts of failure are still battering Terra Luna...
Luna Foundation Sold 80K Bitcoin in ‘Last Ditch Effort to Defend’ UST Peg
The Luna Foundation Guard (LFG), the non-profit overseeing the Terra ecosystem, said that it sold almost all of the $3.5 billion bitcoin it held in reserve “as a last ditch effort to defend the [UST] ...
The Dismay of the UST Stablecoin Tenure; An Unexpected Fall – crypto.news
In a very harrowing turn of events for Terra, the blockchain ecosystem has opted to indefinitely halt the trade on its UST and LUNA tokens. The second halt in 24 hours came at a very ominous date, Fri...
LFG Swapped Over 80k BTC for $UST Soon After Stablecoin Lost Peg – crypto.news
On May 16, Wu Blockchain reported that the LFG currently holds a reserve of merely 313 BTC. The announcement came after LFG noted that they converted most of their reserves when UST began to lose its ...
After Terra’s UST, This Stablecoin Loses it’s Peg.What’s The Future Of Stablecoins? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto economy was under complete volatility for the past few weeks, but the space faced had the worst one after one of the largest stablecoins, TerraUSD (UST) de-pegged from its $1 value. After U...
Global Watchdogs to Regulate Stablecoins Following TerraUSD (UST) Fiasco
The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following t...
LFG Unpacks Bitcoin Activity During LUNA, UST Collapse
The Luna Foundation Guard (LFG), the non-profit organization overseeing the Terra ecosystem, said that its Bitcoin reserves dropped by more than 80,000 BTC over the last week. Per LFG’s Twitter thread...
After UST Depeging, NFTs Will Be The Next Most Demanded Area – Coinpedia – Fintech & Cryptocurreny News Media
The Non-Fungible Tokens (NFTs) have come a long way from the time when only celebrities used to create and sell for millions. But today NFTs have become a mode of the thing of their own. These NFTs ca...
Another Stablecoin Follows UST, DEI Price Drops
Last week saw chaos in the cryptocurrency market due to the unprecedented crash of Terra’s UST stablecoin and LUNA. The crash resulted in traders debating about the trustworthiness of stablecoins, the...
Kwon Proposes Forking Terra, Nixing UST Stablecoin in ‘Revival Plan 2’
In what may have marked the largest token collapse in crypto history, Terra’s $40 billion stablecoin juggernaut crashed last week. Terra’s UST stablecoin, which is supposed to stay “pegged” to the pri...
DEUS Finance’s DEI lost its dollar peg value after UST
DEI lost its dollar stake on Sunday as per information from CoinMarketCap It is a half breed algorithmic stablecoin from the DeFi convention DEUS Finance The DEI stablecoin presently exchanges at $0.6...
CBDC could pop up with UST going bust
UST circumstance could speed up discussions of a CBDC in the US Regardless of whether legislators settle on laying out a CBDC, there is still worry over construction and work The continuous TerraUSD i...
Binance CEO’s latest announcement had this effect on TerraUSD [UST] prices
The crypto market is slowly adjusting to a new normal after the de-pegging of TerraUSD [UST] sent ripples through the Terra ecosystem and the sector at large. At press time, the ex-stablecoin once peg...
This Week on Crypto Twitter: Do Kwon Takes Heat for UST Failure
Illustration by Mitchell Preffer for Decrypt It was the market’s sixth consecutive weekly decline, but on Crypto Twitter, the industry’s eyes were pinned on UST’s historic depegging. Terra’s dollar-p...
What Happened to Terra’s Bitcoin Reserve as UST and LUNA Crashed
Last weekend, as Terra’s UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the...
What happened to the bitcoin reserve behind Terra’s UST stablecoin?
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to fi...
Crypto’s LUNA Catastrophe Threatens Conventional Assets
(Photo Illustration by Avishek Das/SOPA Images) SOPA Images/LightRocket via Getty Images An important cryptocurrency collapsed last week and the fallout is having far-reaching effects on stocks, bonds...
Vitalik Buterin urges Terra to compensate small UST holders first
Vitalik Buterin, the co-founder of the Ethereum network, has said that the Terra project should work closely with small holders to ensure they are compensated first during the proposed reimbursement p...
Be Cautious LUNA and UST Investors If You Don’t Want To Get Coaxed In A Fraud
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Luna Foundation Guard Announces Compensation to UST Users
The Luna Foundation Guard (LFG), a nonprofit organization created specifically to support Terra Ecosystem, has disclosed details regarding the recent collapse of the project and notified UST holders o...
Morgan Stanley Says NFTs Next to Watch After UST Collapse
“Hyped and leveraged areas of crypto, such as decentralized finance (DeFI) and crypto-backed stablecoins, are seeing mass liquidations, as it is becoming clearer that all the elevated prices were trad...
Terra’s LFG Announces Compensation Plan After Selling Over 80,080 BTC To Rescue UST ⋆ ZyCrypto
Advertisement     The cryptocurrency sector has experienced a lot of dark days in its history, but very few can match the events of the past week. The Terra fiasco sen...
LUNA foundation discloses it sold over 80,000 in Bitcoin reserves for UST
Last week, the Terra (LUNA) token suffered a catastrophic drop that stunned the cryptocurrency world as its stable coin collapsed. LUNA was established by Terraform Labs in tandem with the algorithmic...
Cardano’s Djed Compared to Terra’s UST by Community: Details
Vladislav Sopov Here’s why Cardano’s first algorithmically-backed stablecoin cannot collapse in a UST-like manner Contents Why is ADA-SHEN-DJED design better than LUNA-UST? DJED keeps its ...
The Next Luna And UST? Crypto Market Now Braced For Another Earthquake After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Avalanche And Polkadot Price Crash
Bitcoin BTC , ethereum and cryptocurrency prices have been left reeling from the collapse of the terraUSD (UST) stablecoin and its support coin luna this week—though luna has shocked some by staging a...