UK Government Proposes Stablecoin Safeguards After Terra Collapse
The U.K. government has published a consultation paper that proposes a series of safeguards to protect investors against the risk of stablecoins. Original Source
Read More
Collapse
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse – Regulation Bitcoin News
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency Exchanges The South Korean government is shifting responsibility for the crash of cryptocurrency terra
Read More
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. Original Source
Read More
Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse
The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it. Original Source
Read More
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 $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in general.UST’s success and stability were intertwined with its sibling, LUNA, which
Read More
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.Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the Terra ecosystem and its algo stablecoin TerraUSD (UST). In a Wednesday blog post, Buterin noted that the
Read More
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 from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.InsurAce (INSUR)
Read More
Bitcoin On-Chain Activity Throttled After LUNA Collapse
Bitcoin on-chain activity has fallen into the red after the infamous LUNA collapse. The collapse had no doubt reduced faith in the cryptocurrency market and has seen investors significantly reduce their activity in the space. This has led to losses across the board for miners as fee revenues, transaction volumes,
Read More
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 CryptoX TV’s "First Mover," program. Source
Read More
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s
Read More