Terra


Mercati

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Finanza

At Nationals Ballpark, Terra’s Bad Week Never Happened

Terra’s $38 million Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans.

The Terra logo inside the luxury club at Nationals Park. (Danny Nelson/CoinDesk)

Mercati

The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto

When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.

(John Ruddock/Unsplash)

Finanza

What Happened to the $3.5B Terra Reserve?

Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.

LFG/Gemini (Elliptic)

Mercati

Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST Unravel

The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST.

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Opinioni

Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong

In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.

Portrait of Terra founder Do Kwon for CoinDesk's "Most Influential" (Jake the Degen/CoinDesk)

Finanza

Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse

The admission comes after the stunning demise of the Terra blockchain’s flagship project.

“I still believe that decentralized economies deserve decentralized money – but it is clear that $UST in its current form will not be that money,” Kwon tweeted.(Dhaval Parmar/Unsplash/Photomosh)

Video

Bitcoin Stabilizes Amid Terra Luna Ecosystem Collapse

A wild week for bitcoin as the collapse of Terra’s algorithmic stablecoin TerraUSD (UST) and luna (LUNA) token continues its ripple effects on the crypto industry. CoinDesk’s Brad Keoun and Christie Harkin review the week’s top stories moving the markets.

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Opinioni

The Human Cost of Lunatic Hubris

Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.

The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)