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Bitcoin price sees 'hell of a reversal candle' as 168,000 BTC leaves exchanges
13.5.2022
Nothing keeps a Bitcoin bull down for long, and now, BTC price action is back above $30,000 after 24-hour gains of 30%
SEC's Hester Peirce says new stablecoin regs need to allow room for failure
13.5.2022
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
13.5.2022
Transactions conducted during the blockchain halt are not considered to be final as they can’t be settled
Bitcoin Jumps Above USD 30K, Ethereum Reclaims 2K as Tether Regains Peg, LUNA & UST Near Zero
13.5.2022
Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%.
USDT regained its peg after losing it yesterday. (Learn more:...
Kevin Zhou on UST'S Roller Coaster Ride and Where It Goes From Here
13.5.2022
The Galois Capital co-founder foresaw the problems with UST, and joined CoinDesk TV’s “First Mover” to discuss what could happen to it now
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
12.5.2022
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent...
SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often
12.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms...
UST Competitor Maker Erases Weekly Gains
12.5.2022
The price of the stablecoin protocol Maker’s governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday.
At the time of writing (12:18 UTC), MKR was trading at USD 1,117, down by 27% for the past 24 hours and down by 25% for the past...
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse
12.5.2022
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock...
Terra-Based DeFi Protocol Anchor Proposes Cutting UST Yield Rates to 4%
12.5.2022
The proposal comes amid ongoing concerns regarding the long-term stability of Terra tokens LUNA and UST
LUNA Dives Below USD 0.05, UST Trends Lower Despite New Rescue Plans
12.5.2022
The two most-discussed tokens this week - luna (LUNA) and terraUSD (UST) kept moving lower, despite the team behind these projects announcing "three more emergency actions" in an attempt to save the UST algorithmic stablecoin....
Read More: LUNA Dives Below USD 0.05, UST Trends Lower Despite...
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
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
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
Citadel Securities, BlackRock Claim They Had No Role in the UST Collapse
12.5.2022
Global market maker Citadel Securities and major asset manager BlackRock have denied involvement in the collapse of Terra's algorithmic stablecoin TerraUSD (UST).
The assertions came after a conspiracy theory that alleged Citadel Securities and BlackRock made a coordinated attack on UST...
Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents
12.5.2022
USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal
Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
12.5.2022
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties allegedly involved
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
12.5.2022
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red
Regulators Should Pay Attention to UST
12.5.2022
Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin
The LUNA and UST Crash Explained in 5 Charts
12.5.2022
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday