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2 mins read
The SEC has accused fugitive Terraform founder Do Kwon of multibillion-dollar crypto fraud linked to TerraUSD's collapse
The collapse of TerraUSD last year shook the digital-asset industry to its core after it lost its 1…
Zahra Tayeb
1 min read
The SEC is investigating if TerraUSD's marketing violated investor protection regulations, report says
Terraform Labs is the firm behind TerraUSD, a stablecoin that sent shockwaves throughout crypto mar…
Brian Evans
2 mins read
MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown
Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…
Zahra Tayeb
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
Billionaire founder of crypto exchange Binance says he's 'poor again' after its luna holdings once worth $1.6 billion — crashed and are now worth just $2,200
It's likely that Changpeng Zhao meant it as a joke as he remains a billionaire, but luna's meltdown…
Weilun Soon
2 mins read
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
2 mins read
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
2 mins read
Binance suspends trading of Terra and Luna as CEO says he is 'very disappointed' with how the stablecoin creators handled the massive collapse
"[We] felt suspending trading is the best way to protect our users at this time," Binance's CEO sai…
Carla Mozée
1 min read
TerraUSD founder Do Kwon mocked an economist for being 'poor' after she criticized his cryptocurrency — which is now collapsing
Crypto entrepreneur Do Kwon's TerraUSD and luna tokens are crumbling, despite his insistence that c…
Harry Robertson
2 mins read
The crypto crash is a 'double whammy' for young investors who racked up debt to buy tokens, says investment platform
Interactive Investors said 45% of young adults made crypto their first investment, with many using …
Carla Mozée
2 mins read
TerraUSD stablecoin tumbles and luna token plunges 97% as rescue attempts fail to avert 'death spiral'
The crash in supposed stablecoin TerraUSD has caused dismay in cryptocurrency markets, and comes du…
Harry Robertson
3 mins read
A controversial stablecoin is 'breaking the buck.' Here's what that means, and why it's such a big deal.
The TerraUSD algorithmic stablecoin dropped to as low as $0.67 in a sell-off that was sparked over …
Carla Mozée
2 mins read
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
3 mins read
SBF's conviction is the final nail in the coffin for crypto bros hoping to get rich quick
Sam Bankman-Fried was found guilty of all seven charges. Crypto's future lies in regulation, spelli…
Pete Syme
2 mins read
Stablecoin tether breaks its peg and drops to $0.95 as panic hits crypto markets after collapse of TerraUSD
Tether — which is supposed to be worth $1 — suffered its biggest drop in over a year as it dropped …
Harry Robertson
1 min read
A person suspected to be crypto developer Do Kwon arrested in Montenegro months after the collapse of TerraUSD
An official in Montenegro said a person suspected to be TerraUSD developer Do Kwon was arrested Thu…
Carla Mozée
2 mins read
A crypto entrepreneur splurged millions of dollars in client funds on a billion-year old space diamond, rare Rolexes and a Ferrari, SEC says
Richard Schueler, aka Richard Heart, used millions of dollars in customer funds to buy "exorbitant …
Joseph Wilkins
1 min read
Binance is facing a fresh lawsuit over misrepresentations of failed stablecoin TerraUSD on the platform
Binance says a lawsuit over its representation of TerraUSD is baseless. An investor filed a lawsuit…