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UST Further Strengthens Bengaluru Presence With A New 300-Seater Office
The new facility, located at Bengaluru's Northern Tech hub, features a creche and a cafe to enhance employee convenience.
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Binance to Delist Tether and Eight Other Stablecoins in Europe on March 31: All Details
Binance will delist stablecoins that fail to comply with the EU’s MiCA regulations after March 31. The exchange announced that Tether (USDT), along with First Digital USD (FDUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), TrueUSD (TUSD), and Paxos Gold (PAXG), will no longer be available to EU use...
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Terraform Labs, Do Kwon Get Hit by Another Class-Action Lawsuit in the US
Another class action lawsuit emerged in the US against Terraform Labs and its co-founder, Do Kwon. They have been accused of selling unregistered securities and making false statements about the stability of the TerraUSD (UST) stablecoin and its related LUNA token.
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TRON's USDD Stablecoin Continues to Remain De-Pegged From the US Dollar
TRON's USDD has extended its slide below $1 (roughly Rs. 78). It's been trading below peg for a week now. USDD briefly hit $0.93 (roughly Rs. 72) over the weekend despite various interventions from the TRON DAO Reserve over the past few days.
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TRON Over-Collaterises USDD Algorithmic Stablecoin to Avoid Terra UST-Like Crash
In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.
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Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins
Tether co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed Terra Classic USD (USTC) — might be the catalyst that triggers the downfall of other algorithmic stablecoins.
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South Korea's Government Plans New Digital Assets Oversight Committee in the Wake of Terra Collapse
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party has announced that it would launch a new Digital Asset Comm...
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Do Kwon's Terra Revival Proposal Wins Community Vote Despite Early Criticism
The governance vote on Do Kwon's proposal to relaunch the Terra blockchain and create LUNA 2.0 tokens has passed. This will result in the creation of a new blockchain that will airdrop tokens proportionally to those affected, following the sudden collapse of the TerraUSD (UST) algorithmic stablecoin.
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Bitcoin Holds on to $30,000 Territory While Ether, Altcoins Continue to Feel the Heat of Bearish Investors
The largest cryptocurrency was up slightly around the $30,000 (roughly Rs. 23.5 lakh) mark and about midway in the two-thousand-dollar range that it's occupied for almost two weeks since the crash of the UST stablecoin. Other major cryptos meanwhile failed to change course as investors gripped tightly to their risk-averse bearishness.
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RBI Governor Shaktikanta Das Issues Crypto Warning After Terra's LUNA, UST Collapse
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency Terra (LUNA) and stablecoin TerraUSD (UST).
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South Korea Police Wants Country's Crypto Exchanges to Freeze Luna Foundation Guard's Assets
South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported. The development arrives after LFG faced questions over how it had spent its Bitcoin reserves amid Terra's collapse.
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Terra's Internal Legal Team Resigns After LUNA, UST Debacle
The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.
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Luna Foundation Guard Spent Almost $3 Billion Worth Bitcoin in Failed UST Revival Attempt
Luna Foundation Guard, a fund set up by Terra creator Do Kwon, has revealed it spent almost all of the Bitcoin in its reserve last week in a futile attempt to save its UST stablecoin.
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Binance CEO Expresses Disappointment With Terra's Reaction to Recent Crash
Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange by trade volume, has expressed his disappointment in the way Terraform Labs handled the recent LUNA and UST collapse.
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Terra's LUNA Token Surges in Value Over the Weekend as Investors See Glimmer of Hope
It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 (roughly Rs. 6,570) on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.
-
UST Further Strengthens Bengaluru Presence With A New 300-Seater Office
The new facility, located at Bengaluru's Northern Tech hub, features a creche and a cafe to enhance employee convenience.
-
Binance to Delist Tether and Eight Other Stablecoins in Europe on March 31: All Details
Binance will delist stablecoins that fail to comply with the EU’s MiCA regulations after March 31. The exchange announced that Tether (USDT), along with First Digital USD (FDUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), TrueUSD (TUSD), and Paxos Gold (PAXG), will no longer be available to EU use...
-
Terraform Labs, Do Kwon Get Hit by Another Class-Action Lawsuit in the US
Another class action lawsuit emerged in the US against Terraform Labs and its co-founder, Do Kwon. They have been accused of selling unregistered securities and making false statements about the stability of the TerraUSD (UST) stablecoin and its related LUNA token.
-
TRON's USDD Stablecoin Continues to Remain De-Pegged From the US Dollar
TRON's USDD has extended its slide below $1 (roughly Rs. 78). It's been trading below peg for a week now. USDD briefly hit $0.93 (roughly Rs. 72) over the weekend despite various interventions from the TRON DAO Reserve over the past few days.
-
TRON Over-Collaterises USDD Algorithmic Stablecoin to Avoid Terra UST-Like Crash
In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.
-
Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins
Tether co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed Terra Classic USD (USTC) — might be the catalyst that triggers the downfall of other algorithmic stablecoins.
-
South Korea's Government Plans New Digital Assets Oversight Committee in the Wake of Terra Collapse
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party has announced that it would launch a new Digital Asset Comm...
-
Do Kwon's Terra Revival Proposal Wins Community Vote Despite Early Criticism
The governance vote on Do Kwon's proposal to relaunch the Terra blockchain and create LUNA 2.0 tokens has passed. This will result in the creation of a new blockchain that will airdrop tokens proportionally to those affected, following the sudden collapse of the TerraUSD (UST) algorithmic stablecoin.
-
Bitcoin Holds on to $30,000 Territory While Ether, Altcoins Continue to Feel the Heat of Bearish Investors
The largest cryptocurrency was up slightly around the $30,000 (roughly Rs. 23.5 lakh) mark and about midway in the two-thousand-dollar range that it's occupied for almost two weeks since the crash of the UST stablecoin. Other major cryptos meanwhile failed to change course as investors gripped tightly to their risk-averse bearishness.
-
RBI Governor Shaktikanta Das Issues Crypto Warning After Terra's LUNA, UST Collapse
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency Terra (LUNA) and stablecoin TerraUSD (UST).
-
South Korea Police Wants Country's Crypto Exchanges to Freeze Luna Foundation Guard's Assets
South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported. The development arrives after LFG faced questions over how it had spent its Bitcoin reserves amid Terra's collapse.
-
Terra's Internal Legal Team Resigns After LUNA, UST Debacle
The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.
-
Luna Foundation Guard Spent Almost $3 Billion Worth Bitcoin in Failed UST Revival Attempt
Luna Foundation Guard, a fund set up by Terra creator Do Kwon, has revealed it spent almost all of the Bitcoin in its reserve last week in a futile attempt to save its UST stablecoin.
-
Binance CEO Expresses Disappointment With Terra's Reaction to Recent Crash
Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange by trade volume, has expressed his disappointment in the way Terraform Labs handled the recent LUNA and UST collapse.
-
Terra's LUNA Token Surges in Value Over the Weekend as Investors See Glimmer of Hope
It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 (roughly Rs. 6,570) on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.
