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2 mins read
As Terra's stablecoin collapses and luna hits zero, the crypto project simply switches off its network
Terraform Labs has completely halted the network after luna plunged more than 99%, having earlier f…
Harry Robertson
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
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
3 mins read
WazirX, CoinDCX and CoinSwitch Kuber delist Terra's stablecoins from their platforms
Terra has two tokens, calle UST and Luna. The UST token is a stablecoin whose price is maintained u…
2 mins read
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…
3 mins read
Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies
Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…
Business Insider
2 mins read
Russia's 'ghost ships' could be targeted at a sea choke point in a bid to enforce the West's oil price cap
Russia has been using so-called "ghost ships" to skirt the West's oil price cap. The EU will ask De…
George Glover
2 mins read
The crypto market is in a frenzy as Bitcoin falls below $30,000, a 55% drop from its all-time high
The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 tril…
2 mins read
Binance admits its stablecoin sometimes lost the full backing it needed to keep its price fixed at $1
The crypto exchange hadn't always maintained the necessary dollar reserves to keep its BUSD-linked …
George Glover
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
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
2 mins read
Terra's luna crypto coin slides 10% after DeFi project Wonderland collapses in controversy
Terraform Labs' luna coin fell sharply on Monday as controversy enveloped DeFi platform Wonderland,…
Adam Morgan McCarthy
1 min read
Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions
Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…
Kelly Cloonan
3 mins read
The Trump trade is in full swing as markets react to the attempted assassination of the former president
Markets adjusted to the outlook for a second Trump term as betting odds rose in favor of the former…