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Terra's backers vote to keep luna alive and abandon stablecoin UST after its collapse drove a crypto meltdown

Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of old…

Hamza Fareed Malik   


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The founder of collapsed stablecoin TerraUSD wants to build another blockchain from its network's ashes

Do Kwon wants to hard fork the Terra blockchain to create "classic" and new versions, with 1 billio…

Zahra Tayeb   


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Crypto regulation needs to allow for 'trial and error' in the market and account for variations between stablecoins, SEC Commissioner Hester Peirce says

"With experimentation ... we need to allow room for there to be failure as well because that obviou…

Carla Mozée   


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Matthew Fox   


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Circle CEO says Terra's implosion has given lawmakers the impetus to speed up crypto regulation

Circle CEO Jeremy Allaire said the collapse of Terra has accelerated the need for the federal gover…

Zahra Tayeb   


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Terra revives failed luna cryptocurrency after its major meltdown but it falls sharply after launch

The new token "luna" (LUNA), which serves as the main staking asset of the Terra blockchain, droppe…

Zahra Tayeb   


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Explained: Five things to know about US-based crypto lender Celsius’s crash

Crypto lender Celsius filed for bankruptcy protection under Chapter 11 on Thursday.

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Jennifer Sor   


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After Luna, Shiba Inu may be the next memecoin to go bust, according to experts

After the crash of cryptocurrency Luna this month, meme-based token Shiba Inu might be the next to …

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Crypto crashed this week as 2 stablecoins broke the buck. Here's what that means, and where the market goes next.

Bitcoin showed signs of stabilizing above $30,000 on Friday, but experts say this week's crash felt…

Carla Mozée   


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Coinbase reports outages as Terra Luna's fall causes mayhem in the market

The company said it was actively working on the issue. The company on Friday said the situa…

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Terra’s stablecoin jumps 5x valuation in 2021 – with $18 billion locked in the DeFi ecosystem

Stablecoins have sort of lost their charm over the past few years. But open source blockchain platf…

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Ethereum cofounder Vitalik Buterin says stablecoin turmoil should push investors back to 'principles-based thinking' and not rely on endless growth

"In general, the crypto space needs to move away from the attitude that it's okay to achieve safety…

Brian Evans   


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Stablecoins could exist alongside a digital dollar as CBDCs could help secure global payments systems, Fed Vice Chair Lael Brainard says

A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard…

Carla Mozée   


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Stablecoin tether has beefed up its Treasury holdings and added over $250 million in non-US government debt to its reserves

The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as par…

Amanda Cooper   


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SEC boss Gary Gensler warns Terra's crash will be followed by more crypto failures, and that will knock confidence in wider markets

Speaking to reporters after a House Appropriations Committee panel hearing Wednesday, SEC Chair Gen…

Hamza Fareed Malik   


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Weilun Soon   


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Tether losing its one-to-one US dollar peg exposed its vulnerability but also showed how the stablecoin can build confidence in the future

Tether has regained its US dollar peg. But experts say losing it earlier could be a wakeup call for…

Brian Evans   


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Customers sue Coinbase over 'untold millions' of losses from a stablecoin's loss of a yen peg

Customers who invested in gyen have alleged crypto exchange Coinbase mislead them about the stablec…

Hamza Fareed Malik