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The Latest Breaking News from UST

'I Didn't Sleep For 8 Days,' Terra Luna Founder Do Kwon Tells Coinage Following Crypto Collapse

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:

Benzinga

US, South Korea Team Up On Cryptocurrency Investigations Following Terra Collapse

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.

Benzinga

Crypto Winter - Multiple Blow-ups Leading To A Much Bigger Problem...

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.

Benzinga

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'Do Kwon To Be Brought To Justice,' Says Anonymous, Hacker Collective

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.

Benzinga

It’s Time for Regulators to Put Crypto Down

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

Foreign Policy

South Korea bans Terraform staff from leaving country amid probe

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.

Bangkok Post

Investigating the crypto crash

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

Bangkok Post

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Crypto Market Anxieties Heighten As Tether Market Cap Drops To $70B

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

Benzinga

4 Actions By The SEC Explained - PFOF, Fees, Meme Stocks, UST

1. Ban on payment for order flow

Benzinga

Terra Designer Says Do Kwon Purposely Increased UST Interest Rates From 3.6% To 20% After Being Warned

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.

Benzinga

EXCLUSIVE: How aUSD Is Different From UST, According To Polkadot Stablecoin Protocol Acala Network

Benzinga traveled to Permissionless, a cryptocurrency, DeFi and NFT conference hosted in West Palm Beach.

Benzinga

Michael Saylor Has No Regrets About $4B Bitcoin Loss, Likens Apex Coin To 2001 Amazon Stock Or Pre-IPO Facebook

One of the most prominent bulls of the future of Bitcoin (CRYPTO: BTC) has been Michael Saylor. The CEO of MicroStrategy Inc (NASDAQ:

Benzinga

Luna 2.0 coin crashes after rocky launch

The relaunch of the highly controversial Luna cryptocurrency faces a rocky start after losing 75% of its value.

Bangkok Post

Terra (LUNA) Community Approves Proposal To Burn 1.3B TerraUSD (UST)

Terra (CRYPTO: LUNA) tokenholders voted on proposal 1747 and decided to burn 1.388 billion TerraUSD (CRYPTO: UST) tokens after the stablecoin collapsed earlier this month.

Benzinga

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Benzinga

Abra CEO Talks Consumer-Facing Crypto, Problems To Solve And UST Stablecoin

Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

Benzinga

The Luna Crash Might Have Been Intentional – Here's Why

As a result of the Luna cryptocurrency and the (CRYPTO: UST) stablecoin, which are both linked to the Terra (CRYPTO: LUNA) blockchain, the cryptocurrency market has tanked and is struggling to recover, with some even predicting the collapse of t

Al Jazeera

After Terra, Luna crashes, regulators count cost of crypto

Spectacular collapse of stablecoin puts focus on regulatory frameworks in South Korea and Singapore.

Benzinga

Bitcoin Bull Mike Novogratz's Conviction In Terra (LUNA) Was So High, He Got It Tattooed On His Arm — Now, It's A 'Constant Reminder' Of 'Humility'

Galaxy Digital Holdings Ltd (OTC: BRPHF) CEO Mike Novogratz has written a letter to shareholders of the company and the cryptocurrency community at large touching on Terra (CRYPTO: LUNA) and TerraUSD (C

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Benzinga

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.

Bangkok Post

UST collapse hits digital asset market

The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market.

Benzinga

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

The Times of India

A crypto first? What happens when a blockchain like Terra dies

The crypto world has been riveted by the rapid collapse of the TerraUSD stablecoin. But its implosion may bring about something just as noteworthy: the death of a major blockchain.

The Times of India

Terra hasn’t killed crypto, but it was a narrow escape

NEW YORK: Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the resultant market impact might have created a DeFi version of…

Benzinga

Terra's Do Kwon 'Heartbroken' Over UST Collapse, Doge's Billy Markus Tells Him To Leave The Industry

In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all of their value this week.

Benzinga

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

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