Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
12.5.2022
Terra believes that decreasing the amount of UST in circulation, while increasing the amount of available LUNA, is the easiest way to return the UST to a peg
Market Panic Puts Tether Peg Under Pressure
12.5.2022
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”...
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Crypto Banking Platform BVNK Raises $40M to Drive Regulatory Push
12.5.2022
BVNK, a banking and payments platform targeting businesses seeking crypto integration, has raised $40 million in Series A funding
Binance Futures delists coin-margined LUNA perpetual contracts
12.5.2022
Binance suspended withdrawals for LUNA and UST amid the UST stablecoin losing its peg to the U.S. dollar on Tuesday
Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
12.5.2022
The price of LUNA tokens slid 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the value of UST
Coinbase CEO says funds are safe amid bankruptcy protection fears
12.5.2022
Brian Armstrong, co-founder and CEO of Coinbase, responded to fears surrounding a disclosure that the company made in its recent report
Leaked report: South Korea to establish crypto framework by 2024
12.5.2022
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research
Bitcoin 'kisses' $24K realized price after 2nd highest seller losses in history
12.5.2022
The classic bottom zone reappears on the back of serious sell pressure stoked by mayhem on stablecoin markets
USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in
12.5.2022
LUNA/UST debacle leads to discrepancies in BTC-stablecoin trading pairs across global cryptocurrency exchanges
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
12.5.2022
The Terra Money Twitter account shared the finer points on Do Kwon's initial rescue plan: expanding the base pool, burning UST and staking LUNA
Australian Crypto ETF Listings Kick Off With Low Volumes Amid Crypto Correction
12.5.2022
Three crypto ETFs went live in Australia as bitcoin struggles to turn the tide following a devastating move to the downside
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions
12.5.2022
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects...