American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin’s operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC)…. Read More: SEC Reportedly Looking into UST ‘Federal Violations’ of ‘Investor Protection Regulations’ Read more »Pay, Trade, Buy…
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Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.” Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions. LUNA2 traders are shorting it In…
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Mr. B alleges that the platform was designed only to offer an interest rate of 3.6%, but that changed at the last minute. Anchor protocol was originally designed to offer an interest rate of 3.6%, but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged…
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Liquid staking firms could default on their Ether obligations if The Merge does not happen. The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH). Notably, the stETH peg…
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LUNA, the native token of the new Terra blockchain, has fallen consistently in the market since seeing an initial spike on its first day of trading, with industry observers keep questioning whether the attempt to revive Terra will work…. Read More: New Luna Token Down Almost 90% From Its All-Time High and Keeps Trending…
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Crypto entrepreneur Justin Sun’s blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST)…. Read More: Justin Sun’s Tron Reveals More Details of USDD Backing in a…
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Terra network coin holders in India are facing a “double whammy” following the LUNAC and UST crash last month – and could be hit with 30% tax bills from the recent LUNA 2.0 airdrop. The genesis airdrop was made on May 30, with LUNAC holders distributed tokens now known as LUNA. However, investors in…
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The new LUNA records gains amidst controversy, “Big Short” investor Michael Burry and author Robert Kiyosaki weigh in on recession, depression, and looming civil unrest. To top it all off, Bank of America’s CEO said “we have hundreds of patents on blockchain” but that regulations are blocking the institution from engaging in crypto. This is…
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South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities. On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which…
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Top DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price volatility. The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation…
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