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Nalezeno "A$DC Stablecoin": 3827

Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST

20.5.2022
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA Fallout Terraform Labs founder Do Kwon...

G7 financial officials call on Financial Stability Board to step up crypto regulation—report

19.5.2022
Chaos on the crypto market in the wake of the Terra collapse caused a heightened sense of urgency among the ministers to continue regulatory process

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

19.5.2022
The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens

Tether reports 17% decrease in commercial paper holdings over Q1 2022

19.5.2022
“This latest attestation further highlights that Tether is fully backed and that the composition of its reserves is strong, conservative, and liquid," said Paolo Ardoino

Tether in the Spotlight After USD 9B Worth of Redemptions

19.5.2022
The popular stablecoin tether (USDT) is again the subject of unwanted attention after approximately USD 9bn has been redeemed for US dollars by users in the aftermath of the terraUSD (UST) collapse. The redemptions have come despite USDT trading on exchanges within a rounding error of its USD...

Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

18.5.2022
After an earthquake there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed

Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview

18.5.2022
Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week’s Terra collapse in Cointelegraph’s latest interview

Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’

18.5.2022
A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as “final” by Terraform Labs CEO and co-founder Do Kwon. By creating a new blockchain with its own native token, Do Kwon’s revival plan would airdrop the new token...

Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

18.5.2022
DEI, a hybrid algorithmic stablecoin of decentralized finance (DeFi) protocol DEUS Finance, has failed to restore its intended peg, currently trading under one dollar for the third day. The stablecoin first lost its dollar peg on Sunday after a wave of uncertainty incited by the crash...

South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST

18.5.2022
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 exchanges to provide information relating to transactions and investors of the two coins. South...

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

17.5.2022
On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery

Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants

17.5.2022
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include...

Terraform's Legal Team Quits Amid Terra Stablecoin Fallout

17.5.2022
Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns

Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise

17.5.2022
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins...

This week’s Law Decoded: Is depegging a real threat to financial stability?

17.5.2022
Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more

South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

17.5.2022
The Terraform Labs mastermind Do Kwon (real name Kwon Do-hyeong) could be facing trouble from financial and law enforcement authorities in South Korea and Singapore as a torrid month for the Terra (LUNA) platform just keeps getting worse. Following reports that Kwon appears to have dissolved...

Luna Foundation Guard Discloses Usage of Bitcoin Reserves

17.5.2022
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while...