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The founder of collapsed stablecoin TerraUSD wants to build another blockchain from its network's ashes

Do Kwon wants to hard fork the Terra blockchain to create "classic" and new versions, with 1 billio…

Zahra Tayeb   


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Crypto regulation needs to allow for 'trial and error' in the market and account for variations between stablecoins, SEC Commissioner Hester Peirce says

"With experimentation ... we need to allow room for there to be failure as well because that obviou…

Carla Mozée   


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Matthew Fox   


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1 min read

The SEC is investigating if TerraUSD's marketing violated investor protection regulations, report says

Terraform Labs is the firm behind TerraUSD, a stablecoin that sent shockwaves throughout crypto mar…

Brian Evans   


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Terra revives failed luna cryptocurrency after its major meltdown but it falls sharply after launch

The new token "luna" (LUNA), which serves as the main staking asset of the Terra blockchain, droppe…

Zahra Tayeb   


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Ethereum cofounder Vitalik Buterin says stablecoin turmoil should push investors back to 'principles-based thinking' and not rely on endless growth

"In general, the crypto space needs to move away from the attitude that it's okay to achieve safety…

Brian Evans   


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Stablecoins could exist alongside a digital dollar as CBDCs could help secure global payments systems, Fed Vice Chair Lael Brainard says

A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard…

Carla Mozée   


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Circle CEO says Terra's implosion has given lawmakers the impetus to speed up crypto regulation

Circle CEO Jeremy Allaire said the collapse of Terra has accelerated the need for the federal gover…

Zahra Tayeb   


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3 mins read

Crypto crashed this week as 2 stablecoins broke the buck. Here's what that means, and where the market goes next.

Bitcoin showed signs of stabilizing above $30,000 on Friday, but experts say this week's crash felt…

Carla Mozée   


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Binance suspends trading of Terra and Luna as CEO says he is 'very disappointed' with how the stablecoin creators handled the massive collapse

"[We] felt suspending trading is the best way to protect our users at this time," Binance's CEO sai…

Carla Mozée   


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The crypto crash is a 'double whammy' for young investors who racked up debt to buy tokens, says investment platform

Interactive Investors said 45% of young adults made crypto their first investment, with many using …

Carla Mozée   


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3 mins read

A controversial stablecoin is 'breaking the buck.' Here's what that means, and why it's such a big deal.

The TerraUSD algorithmic stablecoin dropped to as low as $0.67 in a sell-off that was sparked over …

Carla Mozée   


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Terra’s stablecoin jumps 5x valuation in 2021 – with $18 billion locked in the DeFi ecosystem

Stablecoins have sort of lost their charm over the past few years. But open source blockchain platf…

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The biggest gains in value and popularity among cryptocurrencies have been led by altcoins this year — here are 5 biggest winners in 2021

Shiba inu topped BrokerChooser's analysis of the biggest gainers in price and popularity terms in t…

Carla Mozée   


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3 mins read

Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies

Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…

Business Insider   


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1 min read

The Terra blockchain will split and effectively ditch its native stablecoin in the wake of its collapse

Terra will split its original blockchain after its native stablecoin lost its peg to the dollar. Th…

Brian Evans   


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2 mins read

To the moon? Terra's luna crypto coin has shot up almost 80% in a week, vaulting past shiba inu and avalanche

This lesser-known DeFi token has gained 80% in a week, surging past shiba inu, thanks to an upcomin…

Amanda Cooper   


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Terra's backers vote to keep luna alive and abandon stablecoin UST after its collapse drove a crypto meltdown

Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of old…

Hamza Fareed Malik   


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After Luna, Shiba Inu may be the next memecoin to go bust, according to experts

After the crash of cryptocurrency Luna this month, meme-based token Shiba Inu might be the next to …

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7 mins read

Some crypto investors say TerraUSD and Luna's $60 billion crash pushed them to the brink and led to thoughts of self-harm

"Considering all the hardships, including ... the war that is now going on, the situation with Terr…

Weilun Soon