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Nalezeno "USTC": 27

Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks

19.11.2024
Binance has clarified its forthcoming BFUSD asset is not a stablecoin as crypto users started freaking out over its promise of high yields

Avalanche buys back $53M in AVAX tokens from Terra’s LFG

7.11.2024
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.

Avalanche buys back $53M of AVAX tokens from Terra’s LFG

7.11.2024
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.

Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg

24.9.2023
Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze...

Terraform Labs Appoints New CEO While Co-Founder Remains in Jail

21.7.2023
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...

Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

21.7.2023
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization

Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

27.6.2023
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...

Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

28.4.2023
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem...

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

14.3.2023
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia

Stablecoin issuer Paxos probed by New York regulators

10.2.2023
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year

South Korean officials traveled to Serbia to find Do Kwon

8.2.2023
The South Korean prosecutor's office reportedly admitted that the reports one of its team visited Serbia “aren’t false.”

Terra co-founder Do Kwon hiding out in Serbia, says authorities

12.12.2022
South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea

FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

8.12.2022
As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA

Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

28.11.2022
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe...

Celsius had 'insufficient' accounting and operational controls, says examiner

21.11.2022
The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11

Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg

16.11.2022
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent...

Best Coins to Buy Today 29 October – IMPT, USTC, RIA, KLAY, D2T

29.10.2022
Major cryptocurrencies were trading in green early on October 29 as the global crypto market cap jumped over $1 trillion from $979.72 billion on the previous day. The overall volume in DeFi was $4.00 billion, accounting for 4% of the total 24-hour volume in the crypto market. The entire volume...