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The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Go to Source Powered by WPeMatico
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent Governance Attacks, Team Says Restart Coming Soon At the time … Read more
Terra’s UST dropped as low as $0.29 and Tether’s USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday. Go to Source Powered by WPeMatico
Validators decided to halt chain operations on Thursday in anticipation of governance attacks as the LUNA token plunged over 99%. Go to Source Powered by WPeMatico
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed a plan on Wednesday, but after … Read more
Established stablecoin trading pairs have struggled to keep stable at crypto exchanges around the world. Here are the updates as the situation evolves. Go to Source Powered by WPeMatico
LUNA/UST debacle leads to discrepancies in BTC-stablecoin trading pairs across global cryptocurrency exchanges. Go to Source Powered by WPeMatico
The Terra Money Twitter account shared the finer points on Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. Go to Source Powered by WPeMatico
USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal. Go to Source Powered by WPeMatico
Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options. Go to Source Powered by WPeMatico