Lyn Alden also noted that the UST stablecoin attracted investors with its high yield, but could not be used as a means of payment
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Market
May 25, 2022
Macroeconomist calls business models of most altcoins unsustainableLyn Alden also noted that the UST stablecoin attracted investors with its high yield, but could not be used as a means of payment
Incidents
May 25, 2022
South Korean police arrest streamer for visiting home of Terra founderBlogger Chancers, who lost $2.4 million because of the LUNA crash, tried to find out about Do Kwon's plans to restore the ecosystem
Crypto regulations
May 25, 2022
South Korean regulator to audit TerraAlso, after the rate collapse of UST and LUNA, the Financial Supervisory Service intends to classify cryptocurrencies by types of risks
Politics
May 24, 2022
IMF called unbacked stablecoins a pyramid schemeThe organization’s head Kristalina Georgieva made such a statement in the wake of the collapse of the Terra blockchain ecosystem
Technologies
May 24, 2022
Terra representatives proposed creating new network instead of holding a hard forkIf the decision to create Terra 2.0 is approved, assets and applications will need to be migrated to the new blockchain
Incidents
May 24, 2022
South Korean police suspected Terra of embezzling investors’ fundsThe law enforcers have asked the exchanges to freeze the corporate assets of the Luna Foundation Guard, an organization created to support the TerraUSD stablecoin
Business
May 23, 2022
Circle started publishing weekly reports on USDC stablecoin reservesThe initiative aims to increase investor confidence in stablecoin
Market
May 22, 2022
Bank of America called the reason for Terra’s collapseAccording to the bank’s analysts, the project team was focused on adopting the UST stablecoin rather than maintaining its rate
Market
May 21, 2022
Tether co-founder called the impact of Terra’s collapse on the crypto market insignificantIn this, Brock Pierce warned investors against putting too much trust in other new projects
Articles
May 20, 2022
How the Terra ecosystem collapsed. Full timeline of eventsThe editorial staff of GetBlock Magazine collected the most important news after the collapse of the LUNA token and UST stablecoin
Market
May 20, 2022
SEC chief predicted the collapse of most digital assets’ rates by analogy with TerraAccording to Gary Gensler, crypto traders should be prepared for other coins to drop to almost zero
Business
May 20, 2022
Terra CEO changed the plan to recover the system in a voteSome users pointed out that the adjustments should be accompanied by a new vote