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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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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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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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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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MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…

Zahra Tayeb   


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Jennifer Sor   


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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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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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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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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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Investors ploughed $300 million into bitcoin last week as Terra's stablecoin went into meltdown

It was a "strong signal that investors saw the recent UST stablecoin de-peg and its associated broa…

Zahra Tayeb   


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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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Explained: Five things to know about US-based crypto lender Celsius’s crash

Crypto lender Celsius filed for bankruptcy protection under Chapter 11 on Thursday.

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Crypto contagion isn't over and the lack of transparency means the industry is an 'insider's game,' EY blockchain chief says

Users often don't have the ability to fully evaluate crypto firms for themselves, even when busines…

Jennifer Sor   


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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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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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WazirX, CoinDCX and CoinSwitch Kuber delist Terra's stablecoins from their platforms

Terra has two tokens, calle UST and Luna. The UST token is a stablecoin whose price is maintained u…

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Coinbase reports outages as Terra Luna's fall causes mayhem in the market

The company said it was actively working on the issue. The company on Friday said the situa…

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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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Bankrupt crypto lender Celsius owes users $4.7 billion, court document reveals

Celsius Networks, a US-based crypto lender, which filed for bankruptcy protection on July 14, owes…