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Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False
13.6.2022
Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. Meanwhile, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing out $2.7 billion a few months before the UST de-pegging incident. Kwon, however,...
Kim Dotcom on the ‘Great Reset,’ Strong Russian Ruble Puzzles Economists, and More — Bitcoin.com News Week in Review
12.6.2022
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested in the ruble’s strong performance in spite...
US SEC Investigating Do Kwon’s Terraform Labs and UST Collapse: Report
10.6.2022
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.” SEC Launches...
South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report
9.6.2022
South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month
Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate
9.6.2022
Mr. B alleges that the platform was designed to only offer an interest rate of 3.6%, but that changed at the last minute
Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’
6.6.2022
On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims...
Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts
5.6.2022
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely...
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...
Staked Ether Discount After Terra Collapse a Sign of Liquidity Crunch in Crypto
2.6.2022
The price gap between the locked-up ether (stETH) and spot ether (ETH) might be a sign of traders demanding compensation for Ethereum’s "Merge" risks, a FundStrat analyst said
FTX’s Harrison Says Stablecoin Demand Will Survive Terra's Collapse
1.6.2022
CoinDesk interviewed FTX's Brett Harrison at the World Economic Forum's annual meeting 2022 last week
South Korean Government to Form Digital Assets Committee in Response to Terra Collapse: Report
1.6.2022
South Korea's government is to form a committee specifically to oversee the digital assets market following the collapse of Terra, according to a report by news outlet NewsPim
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
31.5.2022
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June
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
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
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
29.5.2022
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s...
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse
28.5.2022
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency...
Cardano’s Hoskinson: Luna Collapse Shows Need to Go Slow in Crypto
27.5.2022
“If you move too quickly … everybody loses their money,” says Hoskinson, who will speak at Consensus 2022 next month
Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse
27.5.2022
The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it
How Terra’s collapse will impact future stablecoin regulations
27.5.2022
The collapse of algorithmic stablecoin UST created a ripple effect not just in the crypto market but among world regulators as well
While Stocks Rebound, Analysts Discuss Bitcoin’s Decoupling, Gold Markets Remain ‘Under Pressure’
27.5.2022
U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during...