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CoinShares' Losses From Terra's Slide Hit $21.4M
31.5.2022
Liquidating the digital asset firm's position was a "humbling lesson," the CEO said
UK government proposes additional safeguards against stablecoin failure risks
31.5.2022
The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse
Crypto Fear and Greed Index Shows ‘Extreme Fear’ and Shaky Sentiment Persist
31.5.2022
For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto...
UK Government Proposes Stablecoin Safeguards After Terra Collapse
31.5.2022
The U.K. government has published a consultation paper that proposes a series of safeguards to protect investors against the risk of stablecoins
LUNA Rallies as Binance Airdrops Token to Users
31.5.2022
The price of the new Terra chain’s native token LUNA rose in the market on Tuesday, as the major exchange Binance airdropped it to users and listed it for trading earlier in the morning.
At the time of writing (09:37 UTC), LUNA traded at USD 8.54, up a massive 43.1% in the past...
South Korea to Launch a Crypto Regulatory Agency in Wake of LUNA Crash
31.5.2022
The South Korean government will step up the launch of a new regulatory body to police the crypto sector – and could fast-track its creation as a direct response to what it has dubbed the “terra (LUNA) incident.”
In an exclusive article, Newspim reported that the body, to be named the Digital...
Terra's New Luna Token Surges 40% After Listing on Binance
31.5.2022
The newly-minted Luna token has risen by 40% after it was listed on Binance
Terra’s Mirror Protocol Survival in Question as Exploit Continues and Devs are 'Completely MIA'
31.5.2022
Decentralized finance (DeFi) project Mirror Protocol has been reportedly suffering an ongoing exploit over the past couple of days that allowed bad actors to drain four synthetic asset pools from the protocol, with the potential to drain funds from all other pools in the coming days.
At...
LUNA 2 price jumps 90% ahead of big Binance airdrop
31.5.2022
Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87
Rival blockchain projects angling for talent from Terra developers
31.5.2022
At least three blockchains have publicly announced that their teams’ arms are open wide ready to accept any stray former Terra developers following the collapse of its ecosystem
China state media signals tighter crypto regulations in Terra aftermath
31.5.2022
China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin
Terra’s Mirror Protocol Allegedly Suffers New Exploit
31.5.2022
Community users are raising the alarm about a possible bug in the LUNC pricing oracles
Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
30.5.2022
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change
While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations
30.5.2022
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid...
South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’
30.5.2022
South Korea’s five biggest crypto exchanges have vowed to create a “joint response council” to avoid a repeat of what the media and politicians in the country have labeled the “terra (LUNA) incident.”...
Read More: South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA...
New LUNA Token Rises, Still Down 65% After Launch, Kraken CEO Defends Listing
30.5.2022
The new Terra (LUNA) blockchain went live on Saturday, with the newly airdropped LUNA token seeing extremely volatile trading on its first day, before stabilizing and gaining some ground later in the weekend. Despite having become a controversial project, the new LUNA token can already be traded...
Terra 2.0 (LUNA) Trading to Go Live on the Innovation Zone by Binance
30.5.2022
Binance has announced to take Terra 2.0 (LUNA) live for trading on the Innovation Zone on May 31, 2022, at 6 UTC. Users will be able to deposit and withdraw the dnew Terra token on the same day at 5:30 UTC. Trading pairs, namely LUNA/USDT and LUNA/BUSD, will be available for trading. The token...
South Korean authorities reportedly probe staff behind Terra
30.5.2022
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues
Investors dumping on Terra as LUNA 2 tanks 70% in two days
30.5.2022
“Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
29.5.2022
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked...