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fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
23.5.2022
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje
Poorer Americans Are More Likely to Use Crypto, GameStop's Ethereum Wallet, eBay's NFTs + More News
23.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Poorer Americans Are More Likely to Use Crypto, GameStop's Ethereum Wallet, eBay's NFTs + More News
Do Kwon shares LUNA burn address but warns 'LUNAtics' against using it
23.5.2022
Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
22.5.2022
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via...
Do you have the right to redeem your stablecoin?
21.5.2022
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back
FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report
20.5.2022
The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets
The Crypto Bear Market Is Here: How to Invest Now?
20.5.2022
Bitcoin (BTC) is down almost 40% year-to-date, while most leading altcoins have dropped 50% to 70% since the start of 2022. So it’s fair to say, we are in a bear market. However, that doesn’t mean you have to exit the crypto markets because we’re having a bad first half of the year.
Read on...
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
20.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s Warning After LUNA and...
UST aftermath: Is there any future for algorithmic stablecoins?
20.5.2022
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.”
Cosmos price rebounds 45% in one week despite Terra's debacle — what's next for ATOM?
20.5.2022
ATOM's ascending triangle setup opens up the possibility for another major crash by June 2022
Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?
20.5.2022
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
20.5.2022
A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash
Terra Adds an Amendment to Do Kwon’s Revival Plan, Survey Reveals UST Losses
20.5.2022
The team behind the Terra (LUNA) blockchain has added three revisions to the already published “revival plan” by co-founder Do Kwon – increasing genesis liquidity and decreasing distribution to certain terraUSD (UST) holders.
Following the infamous UST stablecoin depeg and a wave of subsequent...
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more....
20.5.2022
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”
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