Tag: Collapse
Cardano’s Hoskinson: Luna Collapse Shows Need to Go Slow in Crypto
“If you move too quickly … everybody loses their money,” says Hoskinson, who will speak at Consensus 2022 next month.
www.coindesk.com [...]
Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse
The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.
www.coindesk.com [...]
How Terra’s collapse will impact future stablecoin regulations
The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of [...]
How to create algo stablecoins that don’t turn into ponzis or collapse
Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.Bute [...]
InsurAce says it will pay millions to claimants after Terra’s collapse
DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the Terra USD (UST) depeg event [...]
Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
The director of blockchain market research said Tether should be more transparent about “what they actually hold on their balance sheets,” on CoinDesk [...]
Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red
By early afternoon, bitcoin had fallen almost 4% over the past 24 hours to the low end of the $29,000-$30,000 range it has occupied for the nearly two [...]
Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.”
www.coindesk.c [...]
UK Regulator to Consider Terra Coins Collapse in New Crypto Rules: Report
On May 13, Terra's UST algorithmic stablecoin slumped as low as 23 cents, and the LUNA token, created to prevent the UST algorithmic stablecoin from b [...]
G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
"In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board)...to advance the swift development and im [...]
Terra Backers Delphi Digital and Hashed Lick Their Wounds After UST and Luna Collapse
“We believed a high level of external collateralization was a necessity in the long run, and we saw this as a path to get there. Unfortunately, it did [...]
‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse
Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant "Grim Reapers [...]
Analysts assess the aftermath of the Terra (LUNA) collapse
Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, [...]
Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System
The analysts said they saw no apparent “lead effect” from bitcoin to S&P 500 index futures. The recent weakness in bitcoin and equities appears “c [...]
Morgan Stanley Says NFTs Next to Watch After UST Collapse
“Hyped and leveraged areas of crypto, such as decentralized finance (DeFI) and crypto-backed stablecoins, are seeing mass liquidations, as it is becom [...]