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Terra Moves Closer to New Chain Launch, Secures Exchange Support
26.5.2022
The Terra (LUNA) blockchain is moving closer to being re-born as Terra 2.0, this time without an algorithmic stablecoin. The project has already received the blessing of several exchanges, but questions about what the value of Terra is without a stablecoin have started to emerge....
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Tether Enters Latin America With Mexican Peso-Pegged Stablecoin
26.5.2022
The country’s multi-billion remittances business and difficulties in transferring money create an “unique opportunity,” the company said
Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon
26.5.2022
The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region
IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST
26.5.2022
The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA,...
A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens
26.5.2022
According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been...
Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
25.5.2022
Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors
Crypto Whales Ditched Tether for USDC After Stablecoin Panic
25.5.2022
After Terra’s collapse, whale addresses on the Ethereum blockchain ditched Tether's USDT, the largest stablecoin, to flock to the perceived safety of its competitor, USDC
Cryptopedia: Learn the concepts behind stablecoins and how they work
25.5.2022
Cointelegraph breaks down stablecoins and how they give users a way to safely store their assets without worrying about depreciation
LUNA, UST Jump as Terra Revival Plan Moves Ahead After Vote
25.5.2022
The price of the Terra network’s native LUNA token and the failed stablecoin terraUSD (UST) jumped in the market on Wednesday, after a revival plan for the network officially passed a vote, with 65% voting in favor of the plan. A new Terra blockchain is now expected to launch this Friday,...
Ideas vs. practice: How are regulators working together on crypto?
25.5.2022
While the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal
Crypto Industry’s Custody, Ownership Rights Are 'Fundamental Problems' That Need Solving - US Official
25.5.2022
The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the US Acting Comptroller of the Currency Michael J. Hsu.
The comptroller presented his opinion...
LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash
25.5.2022
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,”...
More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates
24.5.2022
More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon....
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Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?
24.5.2022
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method
Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says
24.5.2022
“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.
Speaking in an interview with CNBC on Monday, Collins said that the popular stablecoin tether (USDT) is “still backed 1:1” by reserves...
Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue
24.5.2022
The purported benefits of a central bank digital currency (CBDC) in the United States are “uncertain and unlikely to be realized,” and there is no compelling case for it, the American Bankers Association (ABA) has said in a letter to the US Federal Reserve (Fed). The letter also warned that...
IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress
24.5.2022
The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a “pyramid,” while also urging regulators to consider the “importance” of the world of crypto and central bank digital currencies (CBDCs).
Bloomberg quoted...
Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business
24.5.2022
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade...
Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
24.5.2022
Officials from all over the world continue discussing the solutions for stablecoins' risks
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST
24.5.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market...