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G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation
21.5.2022
The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation...
Terra’s amended revival plan would decrease the allocation for post-attack UST holders
20.5.2022
Terra posted three new revisions to its revival plan. This included increasing genesis liquidity, introducing a new liquidity profile, and decreasing allocation for some holders
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
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”
Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’
20.5.2022
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino
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...
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
G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
19.5.2022
G7 ministers meeting in Germany want the Financial Stability Board to act faster after the collapse of stablecoin terraUSD
Curve Finance Proposes to End CRV Token Emissions on All UST Pools
19.5.2022
On-chain participants are already voting “yes” to end CRV emissions from any liquidity pools involving UST
Terra Backers Delphi Digital and Hashed Lick Their Wounds After UST and Luna Collapse
19.5.2022
Delphi says Terra-affiliated tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout
18.5.2022
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events...
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
Mike Novogratz Ends Twitter Silence, Gives Take on UST/LUNA Crash
18.5.2022
Returning to Twitter for the first time since the plunge in Terra and UST, the Galaxy Digital founder and CEO says it's time to talk about last week and
Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake
18.5.2022
The firm said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed
3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout
18.5.2022
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow...
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...