The Latest Breaking News from UST

Do Kwon, founder of Terraform Labs, recently spoke with cryptocurrency media company Coinage in Singapore — his first media interview since the collapse of Terra Luna earlier this summer. Here's what he discussed:

In the simplest terms, cryptocurrency is internet money and digital assets. Cryptocurrencies have made headlines for eye-popping valuations — and crashes. Bitcoin soared to all-time-highs of $69,000 last November, but has free-fallen to around $22,000. Long term crypto bulls, nicknamed maxi's — short for maximalists — believe the technology will…

On a recent visit to New York, South Korea’s Justice Minister Han Dong-hoon convened with U.S. officials to discuss ways to better investigate financial crimes — especially those related to cryptocurrencies.

During periods of rampant excess in financial markets, we move from valuations based on the present value of future cash flows to valuations based on stories. How compelling is your story? Is it one of future growth and revolutionized economic reform all powered by smart contracts? Sounds pretty neat.

Anonymous, the infamous hacker collective, has pledged to join the investigation into Do Kwon now being undertaken by governments to hold the Terra (CRYPTO: LUNA) founder accountable for his actions.

A lack of rules has created fraudulent, bubble-driven markets.

South Korea has banned current and former employees of Terraform Labs from leaving the country, suggesting prosecutors are stepping up their investigation into the TerraUSD stablecoin’s collapse.

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

Investors recently sold over $1.6 billion of Tether (CRYPTO: USDT), dropping its market capitalization to $70 billion.

1. Ban on payment for order flow 

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite warnings.