NEAR Protocol to Wind Down Stablecoin USN, Allocating Funds for User Protection

The firm has announced plans to shut down the USN stablecoin to avoid greater risks. (Read More)

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Terra Classic Eyes Mammoth Price Explosion As Binance Completes Massive LUNC Burn

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WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed.

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TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan

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Do Kwon Thinks An Employee Was Behind The Depegging Of TerraUSD But Fully Accepts All The Blame

While several inquests have been carried out into de-pegging TerraUSD (UST) from the U.S dollar, the project’s founder believes that a mole might be responsible for triggering the chain reaction.

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Do Kwon Has ‘Great Confidence’ In Restoring Terra Ecosystem To Its Former Glory

In the interview with the Wall Street Journal, Kwon asserted he has “great confidence in our ability to build back even stronger than we once were.”

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Do Kwon Denies Deliberate Draining $2.7B, Calls FatMan’s Charge As False

Beleaguered CEO of Terraform labs Do Kwon took to Twitter to respond to Fatman’s claims alleging cashing out $2.7 billion from Terra [LUNA], UST in a span of a few months prior to the stablecoin fallout. On June 9, multiple reports emerged of Terraform Labs employees confirming to the US Securities and Exchange Commission [SEC] […]

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Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender. (Read More)

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These are the least 'stable' stablecoins not named TerraUSD

Some stablecoins have failed to deliver the dollar's stability to crypto traders long before TerraUSD's collapse.

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Terra 2.0 And Do Kwon In ‘Big Trouble’ As Binance Investigates Serious Fraud Accusations

Legal troubles are mounting for the co-creator of the fallen Terra ecosystem, Do Kwon, as Binance launches inquiries into the allegations made by a Terra insider.

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UK Double Down On Stablecoin Regulations Fearing “Knock-On Effects” of Terra’s Collapse

UK government has outlined amending current rules to mitigate “systemic” risk posed by stablecoins firms and wants to ensure that the dramatic fallout of the Terra project does not seep into the wider financial system. TerraUSD, a so-called “algorithmic” stablecoin, crashed earlier in May, taking its sister token Luna with it. Since then the entire crypto market is engulfed […]

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UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins

The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco. (Read More)

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China state media signals tighter crypto regulations in Terra aftermath

China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.

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Terra’s Developers Are Being Poached By Other Blockchains With Millions Of Dollars On The Table

Other competing blockchains with interesting offers for Terra’s devs are waiting to pick the diamonds from the rubble.

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80,000 Bitcoins Dumped By Terra’s LFG Quickly Scooped Up By Hungry Entities

As Terra sold off 80,081 BTC, wallets with a bitcoin balance of less than 100 took the opportunity to stack up.

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Investors dumping on Terra as LUNA 2 tanks 70% in two days

“Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis.

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Vitalik Buterin Reveals How To Identify A UST-Like Algorithmic Stablecoin Following Terra’s Collapse

Stablecoins are having the roughest patch in their entire existence with investors viewing the asset class with skepticism. Amid the uproar, Vitalik Buterin has proffered two thought experiments to help investors gauge the risks associated with algorithmic stablecoins.

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LUNA Eyes Gigantic Comeback As Crypto Exchanges Throw Their Weight Behind “Terra’s Rebirth”

Terra has stated that the new chain will support all assets, chains, bridges, and Centralized exchanges (CEXs), enabling those who receive their tokens to...

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Crypto Developers Signal Commitment To Help Terra (LUNA) Rise From The Ashes

Talks of the Terra network's demise have been greatly magnified. At least, that is what the LUNAtics will want to believe as multiple developers pledge to do their part to help the ecosystem on its journey to regaining its feet.

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Do Kwon Sheds Light On LUNA’s Implosion As Terra 2.0 Ecosystem Revival Plan Gains Momentum

Amid the uproar caused by TerraUSD (UST) de-pegging, the project’s co-founder Do Kwon appears to have nerves of steel as he remains unfazed by all the chaos.

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