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UST
UST’s Design Flaws and Red Flags
In this “Community Crypto” clip, CoinDesk’s Nikhilesh De and Sam Kessler discuss the design flaws of Terra’s algorithmic stablecoin UST as its depeg from the U.S. dollar continues to have ripple effects across the crypto industry. What were the red flags? Plus, Do Kwon’s earlier failed stablecoin project, Basis Cash.
How the US Can Establish Itself as a Crypto Leader
Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.
New Terra Blockchain Expected to Launch Saturday
Terra’s new blockchain will be launched Saturday followed by an airdrop of new luna tokens to users as part of a broader plan to revive the failing ecosystem. “The Hash” panel discusses the fate of Terra and whether it can successfully come back from the dead.
Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse
The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.
Terra Devs Need a Home. Other Blockchains Are Courting Them
Armed with multimillion-dollar ecosystem funds, chains like Polygon and Kadena are trying to woo coders whose work is endangered by Terra’s meltdown.
First Mover Asia: Bitcoin Dominates but Altcoins Lurk
Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.
South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report
Around 280,000 South Koreans are believed to have been victims of the abrupt plunge in UST and LUNA.
ECB Warns That Crypto Risks Could Spill Over Into Wider Economy
Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report.
Korean Police Move to Freeze Luna Foundation Guard Assets: Report
Seoul police are seeking to ban the entity from withdrawing suspected embezzled funds.
