The head of the Office of the Comptroller of the Currency (OCC) has issued a dire warning over crypto in the wake of the collapse of the Terra ($LUNA) ecosystem. The OCC is “an independent bureau of the U.S. Department of the Treasury that charters, regulates, and supervises all national...
One lesser known fact about the recent price collapse of algorithmic stablecoin TerraUSD ($USST) is that it managed to hit some of the most vulnerable people on the planet, namely relatively poor people living in high inflation countries. According to a report published on May 26 by tech...
Billionaire investor Bill Ackman says that the epic collapse of Terra ($LUNA) and algorithmic stablecoin TerraUAD ($UST) has exposed a crypto version of a pyramid scheme. In a series of tweets, Ackman shared his views on the price collapse of $UST, which was once thought to be pegged...
In the wake of the collapse of algorithmic stablecoin TerraUSD ($UST), a group of three tech artists have launched a stablecoin backed by a can of AriZona Iced Tea, which is America’s #1 iced tea brand. According to a report by TechCrunch, Mossy, a collective of three “techy...
On Wednesday (May 11), $LUNA, which is the native staking and governance token of Terra protocol, is trading below $10, which is a huge fall from the all-time high of $119.18, which was set just over five weeks ago.
On Sunday (May 8), the price of $LUNA, which is the native staking and governance token of Terra protocol, fell to its lowest level in ten and a half weeks partly due to rumors that stablecoin TerraUSD ($UST) might have come under a co-ordinated attack.
On Wednesday (April 20), Dr. Ryan Clements, who is an assistant professor at University of Calgary’s Faculty of Law, explained why he remains wary of decentralized algorithmic stablecoin TerraUSD ($USDT) even though it is now partially collateralized by the “forex reserves” (denominated mostly in Bitcoin) of Luna...
In a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the limitations of centralized fiat-backed stablecoins. Kwon’s comments were made during an interview with Kate Rooney, a technology reporter for CNBC. According to a report by...
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