The NEAR Foundation, an organization, supporting the NEAR blockchain, announced on Monday that it is winding down its stablecoin, popularly known as USN. The foundation said it is shutting down…
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender. …
Britain’s finance ministry has announced plans for adapting existing regulations to mitigate any collapse of major stablecoins, like the case of TerraUSD that happened two weeks ago. In a consultation…
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according…
Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times. This comes a…
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network. In a series of tweets, Kwon suggested:…
Financial authorities in South Korea have beefed up crypto exchange inspections to boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens Per the announcement: “The Financial…
Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting at…
LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight. LUNA and TerraUSD…
The Luna Foundation Guard (“LFG”), primarily focused on the Terra blockchain, expands its TerraUSD (“UST”) stablecoin reserve by purchasing $100 million worth of Avalanche tokens. The native token of the…