La Commission américaine des opérations de bourse (SEC) conclut un accord de 4,47 milliards de dollars avec Terraform Labs, Do Kwon devant s’acquitter d’une amende civile de 80 millions de…
Browsing: UST
Do Kwon has filed a motion in court seeking to dismiss the SEC’s ludicrous $5.3 billion proposed fines and penalties, claiming that they fail to meet the precedent set by…
The new Terra ecosystem token, LUNA, dropped over 76 percent in the hours following its May 28 launch. Investors have expressed a lack of faith in the fallen project, with…
Giant crypto exchanges such as Binance may find themselves with a lawsuit related to the fall of Terra, an insider says. The firms may be accused of violating the US…
The Terra community is currently voting on a proposal supporting the “rebirth” of the blockchain, among a host of other changes. Kwon remains a questionable character in the crypto space,…
A local media outlet reports that South Korean law enforcement agencies have requested that crypto exchanges freeze all LFG-related assets. This is the latest consequences of the Terra network crash.…
UST’s collapse shed a bad light on the algorithmic stablecoin industry, but one project that seems to have become even stronger is DAI, now the biggest algorithmic stablecoin. MKR, the…
The hedge fund guru believes that Terra promised investors returns based on the premise that more investors would come in, which is essentially what a pyramid scheme is. He also…
Luna Foundation Guard currently owns just 313 BTC after it cashed out its 80,000 BTC stash as it tried to save the collapsing UST stablecoin, failing in the end. LFG…
Members of the crypto community have come forward suggesting solutions to the collapse of the Terra ecosystem. The comments posted by the likes of Vitalik Buterin and Binance’s CZ include…
Tether’s CTO believes that some projects are using the name stablecoin but are stable only in name, hence calling for some distinction between the different types of stablecoins. An exec…
GAM Holdings has revealed that it’s in talks with Terraform Labs as it seeks to inject up to $3 billion in UST to save it from the jaws of total…
Terra announced that its validators had halted the network at block 7,607,789 as they make up a plan to reconstitute it, the second time it had been halted in 12…
Do Kwon was one of the primary founders of Basis Cash, an algorithmic stablecoin project that crashed, before hopping on to build UST, which is looking shaky. Kwon is under…
LUNA has lost 97.7 percent of its value in the past week to now trade at $1.96, with UST sinking further from its $1 peg to hit $0.45 at press…
Bitcoin critic Peter Schiff explains that LUNA cannot sell enough Bitcoin to hold UST at $1 since Bitcoin cannot ensure enough liquidity for it Terra (LUNA) lost its peg to…
Terra’s algorithmic stablecoin UST has lost its peg and is coming under immense pressure as LUNA, the token it’s pegged to, lost 50 percent of its value overnight. Binance has…
LFG revealed that it intends on lending out $750 million in BTC and a similar amount in UST to help protect the peg of its algorithmic stablecoin. Over the weekend,…
Terra continues to follow Do Kwon’s plan and purchases bitcoins to provide reserves of Terra’s own stablecoin Could this eventually lead to bitcoin becoming the official reserve currency? Terra’s promise…
Terra founder Do Kwon is on a mission to become the second biggest Bitcoin owner after founder Satoshi Nakamoto as his bid to buy $10 billion of BTC gathers steam.…