You Searched For "terra crash" and got 20 results
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1 min read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
3 mins read
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.
2 mins read
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
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
2 mins read
A collapse of Tether could be crypto's 'Lehman Brothers moment' as the world's top stablecoin begins to wobble and major tokens plummet, analyst says
"I am optimistic that [Terra's] fall would not be that catastrophic — a collapse of [Tether] …
Matthew Fox
2 mins read
Tether's stablecoin loses its dollar peg again after lending platform Celsius freezes all withdrawals
Tether's collapse could potentially be crypto's "Lehman Brothers moment", GlobalBlock analyst Marcu…
George Glover
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
2 mins read
SEC boss Gary Gensler warns Terra's crash will be followed by more crypto failures, and that will knock confidence in wider markets
Speaking to reporters after a House Appropriations Committee panel hearing Wednesday, SEC Chair Gen…
Hamza Fareed Malik
2 mins read
The cryptocurrency market has become a 'postmodern pyramid scheme' and its stunning crash is an opportunity to regulate it, famed economist Paul Krugman says
"The industry lured investors in with a combination of technobabble and libertarian derp," the top …
Jennifer Sor
2 mins read
This week's vicious crypto crash shows a crisis of confidence in the entire ecosystem
For a market that is solely reliant on the dynamics of supply and demand, it's crucial that the cry…
Matthew Fox
2 mins read
Billionaire founder of crypto exchange Binance says he's 'poor again' after its luna holdings once worth $1.6 billion — crashed and are now worth just $2,200
It's likely that Changpeng Zhao meant it as a joke as he remains a billionaire, but luna's meltdown…
Weilun Soon
1 min read
The cofounder of Terraform Labs was indicted by South Korea on charges related to the $60 billion crypto crash, report says
Shin's lawyer said that the exec has "nothing to do with the Terra, Luna collapse as he left the co…
Morgan Chittum
1 min read
Billionaire investor Bill Ackman says Terra's algorithm sounds like the 'crypto version of a pyramid scheme'
Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate"…
Cheryl Teh
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
3 mins read
Terra’s Do Kwon accused of siphoning funds from network before the crash, again
A host of users, led by a Twitter user called FatManTerra, have accused the founder of draining the…
1 min read
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…