As the native token of Terraform labs Terra(LUNA) dropped by 100%, losing 100% of its value, many exchanges came forward to halt the trade. In a recent update, the largest cryptocurrency exchange Binance announced the
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Terraform labs now appears to be in a soup and literally failed to manage the trembled situation. And hence Anchor Protocol steps in proposing the interest rate cut to stabalize the LUNA & UST prices.
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Today, on the 12th of May Tether stated that the firm is planning to coordinate with a third party in order to perform a chain swap so that it can raise more than $ 1
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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
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The fall of Terra’s UST has triggered heated debate over the future of stablecoins, as well as a significant drop in crypto market sentiment. UST de-pegged from the dollar earlier this week and has fought
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BitMEX has joined an array of exchanges in Luna's delisting process after the token drops even further One of the world’s leading cryptocurrency derivatives exchanges, BitMEX, has announced the delisting of Luna Perpetual Swaps which
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Crypto under potential global regulation next year Securities commissions around the world are expected to launch a common crypto regulator by 2023, according to Ashley Alder, CEO of the Hong Kong Securities and Futures Commission
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The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has
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As the crypto market is hit between Terra and the UST crash, Tether, the third-largest cryptocurrency and one of the world’s most responsible stablecoins, has sparked fear among investors due to its price drop of
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According to two former SEC lawyers, the Securities and Exchange Commission is likely already probing what happened to UST over the last week. A spokesperson for the SEC told The Block: “The SEC does not comment
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