Crypto: imminent shutdown of a stablecoin similar to TerraUSD

Crypto imminent shutdown of a stablecoin similar to TerraUSD

The nightmare of TerraUSD (UST) is not about to be forgotten by its former investors, who lost over 30 billion dollar equivalents last May. The Luna Foundation stablecoin, created by Do Kwon (now wanted by Interpol) is certainly the biggest crash in the cryptocurrency world to date and has left its mark. For other crypto … Read more

Interpol publie une notice rouge pour le fondateur de l’entreprise crypto Terraform Labs, Do Kwon, aprs l’effondrement de TerraUSD et Luna qui a cot 40 milliards de dollars aux investisseurs

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Comme suite une demande des procureurs sud-corens, Interpol a publi une notice rouge pour le fondateur de Terraform Labs, Do Kwon, demandant aux forces de l’ordre du monde entier de rechercher et d’arrter Kwon la suite de l’effondrement de sa socit de blockchain qui a cot 40 milliards de dollars aux investisseurs. La socit de … Read more

How The TerraUSD Crash Caused This Crypto Exchange To Cut Staff By 80%

How The TerraUSD Crash Caused This Crypto Exchange To Cut

The freefall of TerraUSD and sister token Luna in May reportedly led to a huge crash of over $40 billion in the market, affecting many investors, companies and exchanges. The entire crypto market faced a frenzied sell-off between May and June this year, and so began the trend for cryptocurrency exchanges to halt their withdrawals. … Read more

Crypto Reg: The Collapse Of TerraUSD Sounds The Alarm

Cryptocom Discovers That Loyalty Programs Are A Two way Street

The 800-pound gorilla in any conversation about crypto regulation this week was the $45 billion detachment and collapse of stablecoin TerraUSD. The G-7 is preparing to ask the International Financial Stability Board (FSB) to push for the creation and adoption of a comprehensive and internationally unified set of cryptocurrency regulations, Reuters reported. Thursday, May 19. … Read more

Today In Crypto: TerraUSD Spent Some Reserves

Cryptocom Discovers That Loyalty Programs Are A Two way Street

Japanese bank Nomura will launch a venture to help institutional clients get more into crypto, non-fungible tokens (NFTs), and decentralized finance, the Financial Times reported on Monday (May 16). Nomura reportedly intends to combine multiple digital asset services under one subsidiary, with a plan to have a staff of 100 by the end of 2023. … Read more

TerraUSD ‘stablecoin’ Removed From List Of Crypto Exchanges | Cryptocurrencies – Tech Tribune France

TerraUSD, the “algorithmic stablecoin” whose collapse caused a multi-billion dollar sell-off in crypto markets, deactivated its blockchain and was delisted from major exchanges, shutting down the project for good. However, the wider impact of the failure of the project appears to have been limited. TerraUSD was once valued at over $40bn (£33bn). Shockwaves swept through … Read more