6 / 7 Relevant items tagged with #Terra

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Here's how Binance is mitigating its stablecoin needs after BUSD ban

[Mar 6, 2023 5:54 AM] The recent action from Binance comes in the wake of NYDFS ordering BUSD issuer Paxos to stop minting new BUSD.

Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities

[Mar 6, 2023 5:07 AM] Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs.

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…

5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter

[Feb 26, 2023 9:30 AM] 2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of…

Yield platform Stablegains sued for promoting UST: Finance Redefined

[Feb 24, 2023 3:00 PM] DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million.

Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility

[Feb 24, 2023 9:30 AM] Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized…

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

[Feb 20, 2023 2:27 PM] The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought.

The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20

[Feb 20, 2023 2:00 PM] The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem.

Yield platform Stablegains sued for promoting UST as a 'safe' investment

[Feb 19, 2023 11:05 PM] The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year.

Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint

[Feb 17, 2023 3:30 PM] The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions.

Stablecoin issuer Paxos reportedly probed by New York regulators

[Feb 9, 2023 11:42 PM] While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.

Tether CTO Paolo Ardoino on taking the bull by the horn

[Feb 2, 2023 7:51 AM] Stablecoins may have suffered an identity crisis in 2022, but Tether CTO Paolo Ardoino is bullish about the utility the sector provides.

Terra lending protocol Mars to launch mainnet

[Jan 22, 2023 10:42 AM] The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during the two snapshots on Terra Classic.

Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

[Jan 17, 2023 12:30 PM] Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit…

Albright Capital drops lawsuit against Terraform Labs and Do Kwon

[Jan 10, 2023 3:55 PM] Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May 2022.

Terra accidental airdrop leads to smear campaign, community member claims

[Jan 10, 2023 3:59 AM] TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.

ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’

[Jan 6, 2023 4:30 AM] Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that…

World Economic Forum Believes Crypto Will Remain Key Technology

[Jan 4, 2023 3:30 AM] The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for the WEF, states that while 2022 has been a…

‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ

[Dec 30, 2022 2:30 PM] At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes…

Bitcoin underperforms stocks, gold for the first time since 2018

[Dec 28, 2022 8:45 AM] Bitcoin’s yearly losses are similar to high-profile stocks like Tesla and Meta, with BTC investors down 70% in 2022.

Terra Classic (LUNC) Crashes 11% After This Binance Change

[Dec 28, 2022 8:00 AM] The Terra Classic (LUNC) price has been boosted in recent days by a rumor that the world’s second-largest exchange, Coinbase, might buy and list the token. As NewsBTC reported, the rumor originated from an anonymous source in the Terra…

Bitcoin bears well positioned for Friday's $2.5 billion options expiry

[Dec 28, 2022 7:26 AM] BTC bears are outnumbered based on open interest volume, but bulls' hopes of $20,000 before 2023 have already been hampered.

Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead

[Dec 27, 2022 11:00 AM] Terra Classic (LUNC) continues to show strength in the market despite losing over 99.9% of its value about 8 months prior. The digital asset which has now been reduced to the meme coin level still produces massive gains. Presently, LUNC is seeing…

Top five crypto winners (and losers) of 2022

[Dec 27, 2022 2:40 AM] Bitcoin and Ethereum are not part of the surprising list of five best and worst-performing cryptocurrencies for 2022.

Santas and Grinches: The heroes and villains of 2022

[Dec 23, 2022 7:00 PM] Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year.

Rating agencies, not regulators, can rebuild trust in crypto after FTX

[Dec 22, 2022 4:47 PM] Private rating agencies could work better and more quickly than regulators when it comes to reviewing businesses in the cryptocurrency industry.

Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC

[Dec 22, 2022 9:30 AM] The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the…

3 reasons why BNB price risks another 30% decline by January

[Dec 20, 2022 8:05 AM] BNB has entered the breakdown stage of its prevailing ascending triangle pattern alongside some negative fundamentals that can push price further down.

South Korean court freezes $92M in assets related to Terra tokens

[Dec 20, 2022 5:20 AM] The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra.

Algorithmic stabilization is the key to effective crypto-finance

[Dec 17, 2022 1:56 PM] Crypto needs to move on from the LUNA crash and start trusting algorithmic stablecoins again.