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The Latest Breaking News from Terra

Terra (LUNA) Founder Do Kwon Summoned By Korean Lawmakers As Legal Team Quits

South Korean lawmakers have reportedly summoned Terra (CRYPTO: LUNA) founder Do Kwon to appear before Congress and testify on the subject of TerraUSD’s (CRYPTO: UST) collapse.

Benzinga

Terra's stablecoin flop raises questions about regulatory role - Roll Call

The plunge in the algorithmic stablecoin TerraUSD is sparking debate among lawmakers over what, or how much, the government should do.

Roll Call

Terra (LUNA) Blow-Up One Of The 'Largest Fiascos' In Crypto Market History, Ark Says

TerraUSD (CRYPTO: UST) losing its peg to the dollar and the subsequent blow-up seen in Terra (CRYPTO: LUNA) was termed one of the “largest fiascos” in cryptocurrency market history by Frank Downing, an analyst w

Benzinga

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Do Kwon Proposes Terra Hard Fork, Airdrop To TerraUSD, LUNA Holders

Terra (CRYPTO: LUNA) founder Do Kwon has proposed a blockchain hard fork to revive the project’s ecosystem.

Benzinga

'Not All Bad Things Are The Same Bad Thing': Why Is FTX CEO Sam Bankman-Fried Comparing Luna To Netflix?

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO:

Benzinga

BTCS Shares Gain on Q1 Revenue Growth; Becomes First US Bitcoin Company To Declare Dividend

BTCS Inc (NASDAQ:BTCS) reported first-quarter FY22 revenue growth of 776% year-on-year to $0.6 million. The gross margin contracted 300 bps to 76%. BTCS held $11.5 million in cash and equivalents and used $1.06 million in operating cash flow. Dividend: BTCS declared a special one-time $0.05 per share dividend, becoming the first U.S. public company…

Benzinga

If You Invested $1,000 In Terra (LUNA) On Jan. 1, 2022, Here's How Much You'd Have Now

One of the biggest stories in the world of cryptocurrency this week has been the fall of a stablecoin and a coin associated with it. Here’s a look at how an investment in the cryptocurrency has fared in 2022.

Benzinga

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Mark Cuban Never Held Terra Or TerraUSD After Checking 'To See If It's A Sustainable Product'

Famous investor and cryptocurrency proponent Mark Cuban said he never held any Terra (CRYPTO: LUNA) or TerraUSD (CRYPTO: UST) and also refused to Anchor Protocol (CRYPTO

Benzinga

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

It’s been a wild week in crypto, even by crypto standards

The Independent UK

TerraUSD ‘stablecoin’ delisted from crypto exchanges

‘Algorithmic stablecoin’, whose collapse triggered multibillion-dollar selloff, turns off blockchain

The Guardian - UK

Terra 'Officially' Halts Blockchain As LUNA Hits Zero

Terra (CRYPTO: LUNA) has officially stopped block production as the blockchain’s native token hit a low of $0.000033 on Thursday.

Benzinga

'Evil genius' may have caused Terra and Luna cryptocurrencies to crash in a 'death spiral'

The devastating effects of the crash of crypto "stablecoins" Terra and Luna are being felt by many but their crash may have been orchestrated in one massive piece of ethically questionable trading.

ABC News

Terra Founder Wants To Save TerraUSD As Reports Suggest He Was Behind The Basis Cash Failed Stablecoin

Terra (CRYPTO: LUNA) founder Do Kwon announced plans to attempt to save his unstable stablecoin TerraUSD (CRYPTO: UST) while some are suggesting he was also behind failed stablecoin Basis

Benzinga

Terra briefly halts blockchain amid stablecoin uproar

investors are challenging the presumed 1-to-1 pegs that underpin stablecoins.

Axios

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Benzinga

Can USDC Follow UST's Footpath? Probably Not, And Here's Why

On Wednesday, the cryptocurrency community saw TerraUSD (CRYPTO: UST) the native algorithmic stablecoin of the Terra (CRYPTO: LUNA) protocol lose its peg while bringing LUNA down with it.

Benzinga

SEC Is Already Investigating Terra's Stablecoin UST: Report

The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from

Benzinga

Bad Timing: This MLB Team Has A Partnership With Terra (LUNA), Planned UST Integration Next Year

Professional sports leagues have become more accepting of cryptocurrency and opened their doors to sponsorship opportunities. One deal signed earlier this year is now being called into question.

The Street

Why Does Controversial UST Coin Threaten Bitcoin and Crypto Market

UST, or TerraUSD, tumbles along with its sister coin luna following massive withdrawals from Terra’s Anchor Protocol.

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The Guardian - UK

Could terra fall prove to be Lehman Brothers moment for cryptocurrencies?

Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?

Benzinga

Terra (LUNA) Sees $106M In Liquidations With 97% Crash As UST Collapses To Below 40 Cents

Terra (CRYPTO: LUNA) and its native stablecoin TerraUSD (CRYPTO: UST) brought each other down in a cryptocurrency market catastrophe that would not be easy to forget.

Benzinga

Terra (LUNA) Crashes 45% As UST Stablecoin Massively Loses Peg Again

The native token of the Terra (CRYPTO: LUNA) blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD (CRYPTO: UST), lost its peg for the second time in 48 hours.

Benzinga

Cryptocurrency Terra Falls More Than 20% In 24 hours

Over the past 24 hours, Terra's (CRYPTO: LUNA) price has fallen 20.09% to $52.13. This continues its negative trend over the past week where it has experienced a 35.0% loss, moving from $82.22 to its current price.

Benzinga

Cryptocurrency Terra Down More Than 3% Within 24 hours

Over the past 24 hours, Terra's (CRYPTO: LUNA) price has fallen 3.84% to $80.95. This continues its negative trend over the past week where it has experienced a 9.0% loss, moving from $89.58 to its current price.

Tribune News Service

Critics see risk in ‘algorithmic’ stablecoins

WASHINGTON — A new type of digital asset called an algorithmic stablecoin is gaining steam among crypto-enthusiasts — and drawing steam among critics, who warn its risks are in plain sight.

Roll Call

Critics see risk in 'algorithmic' stablecoins - Roll Call

Experts see risks in algorithmic stablecoins that market incentives to maintain a stable price against a currency such as the dollar.

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