Tagged: TerraUSD

SmartSearch Executive Comments on Warrant for Arrest of TerraUSD Creator

As was reported this week, Do Kwon – the creator of TerraUSD and LUNA, has been subjected to a warrant for his arrest in South Korea. TerraUSD sought to be an algorithmic stablecoin tied to the US dollar but lost its dollar peg generating an… Read More

TerraUSD – LUNA Creator Do Kwon Target of Arrest Warrant in Korea: Report

Do Kwon, creator of the failed algorithmic stablecoin TerraUSD and LUNA, is the target of an arrest warrant in South Korea, according to a report. South Korean publication Chosun writes, that Kwon is being pursued by the Seoul Southern District Prosecutor’s Office’s Financial and Securities… Read More

The Crypto Revolution Has Just Started

Hot summer temperatures have done nothing for the current “crypto winter,” which has seen a $2 trillion market drop from highs last year. The downswing, including the spectacular failure of the Terra Luna ecosystem and a cascade of exchanges temporarily halting withdrawals, has livened crypto’s… Read More

Singapore Governmen Responds to Parliamentary Questions Pertaining to TerraUSD – LUNA

The Singapore government has posted a response to questions emanating from Parliament pertaining to the collapse of TerraUSD – LUNA. TerraUSD was an aspiring algorithmic stablecoin that was tied to LUNA. TerraUSD sought to maintain a US dollar peg but failed in its mission, thus… Read More

Hedge Fund Three Arrows Capital Hit with Rumors Regarding “Liquiditation” – Report

Three Arrows Capital, Singapore/Dubai-based hedge fund that is invested in multiple blockchain firms, is fending off rumors of a possible liquidation event, according to a report by Reuters. In an opaque tweet, founder Zhu Su, said they are “in the process of communicating with relevant… Read More

Terraform Labs, Creator of Failed Algorithmic Stablecoin TerraUSD, Investigated by SEC

The Securities and Exchange Commission (SEC) has posted a notice that the United States Court of Appeals for the Second Circuit has affirmed a district court order requiring compliance with investigative subpoenas served by the Commission on Terraform Labs Pte Ltd and Do Kwon – based… Read More

The Crypto Economy’s Dependency on Hype: Comptroller of the Currency

Speaking recently at the DC Blockchain Summit, acting Comptroller of the Currency Michael Hsu took the crypto industry to task in light of the spectacular collapse of TerraUSD (UST) – an aspiring algorithmic stablecoin that failed in its mission. Hsu lambasted the sector of Fintech… Read More

European Central Bank Worries About Crypto and Systemic Risk … No Contagion – Yet

Contagion is a scary term. Systemic risk is its friendlier sibling but both raise eyebrows. Today, the European Central Bank (ECB) is bringing attention to the possibility of crypto contagion as interest grows in digital assets and recent events highlight the ability for a rapid… Read More

ECB President Christine Lagarde Slams Crypto: “Worth Nothing”

European Central Bank (ECB) President Christine Lagarde hammered cryptocurrencies this past week during an interview with a Dutch broadcaster according to a report in Bloomberg. Lagarde, an EU official who has long expressed her interest in digital assets, is quoted stating: “My very humble assessment… Read More

Terra Stops/Starts Validators Again, LUNA Goes to Zero with TerraUSD Chasing it

The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event. Inevitably there is a pile on of “I told you… Read More

Shade: Binance Discusses the Importance of Fiat Backed Stablecoins

While TerraUSD (UST) has lost more than half of its dollar-pegged stablecoin value, Binance – the issuer of its own stablecoin – has published a blog post discussing the importance of fiat-backed stablecoins. As the crypto world knows, UST is an algorithmic stablecoin designed to… Read More

The Sky is Falling: UST Craters, Crypto Insiders Respond to “Death Spiral”

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

TerraUSD (UST) Trading Began Feb 17 on Kraken, Trades with Altair (AIR) Now Supported as Well

The team at digital asset firm Kraken is pleased to confirm that their platform now supports TerraUSD (UST). Clients may now add UST to their Kraken accounts by navigating to Funding, choosing the asset, and hitting Deposit. Trading is scheduled to begin on February 17,… Read More

Digital Asset Exchange Gemini Adds Moss Carbon, Terra, Metaverse, Infrastructure, Stablecoin Tokens

Digital assets firm Gemini reveals that it now supports trading with Moss Carbon and Terra, in addition to new metaverse, infrastructure, and stablecoin tokens. As mentioned in an update shared with CI: “Today, [the Gemini team is] delighted to announce support for a new set… Read More

Coinbase Pro Adds Five Coins to Platform

Coinbase Pro now accepts inbound transfers of IOTX, ORN, QUICK, TRIBE and UST. That began Aug. 10. Trading was to be allowed after 9 a,m, PT Aug. 11 if liquidity conditions were met. Once sufficient supply of IOTX, ORN, QUICK, TRIBE and UST is established on the… Read More

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