The Three Arrow Capital (3AC) collapse has come barely one month after the Terra collapse. Both of these crypto giants crashing in such a short time frame has put the market in one of its most volatile positions yet. The Luna collapse had reverberated through the market and 3AC had taken a lot of heat coming off this. This report focuses on the...
Amidst a separate investigation by the South Korean police over Terra’s embezzlement of funds, a fresh probe is in the offing. On Tuesday, a Terraform Labs...
In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don't threaten their wider financial system. Her Majesty's Treasury printed a new...
Ethereum co-founder Vitalik Buterin has come out in the open criticizing the current state of the DeFi market. While analyzing the collapse of the Terra ecosystem, Buterin said that there's no real investment in the world that...
Do Kwon's co-founder and CEO of TerraForm Labs recently announced the Terra revival plan and received mixed reactions; many of them have questioned the effectiveness of a hard fork in reviving the fallen price of Terra (LUNA) and TerraUSD...
The FIU report reveals that a large number of Terra users was significant to the collapse of the ecosystem and which further led to thorough scrutiny of crypto exchanges. The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission revealed on Tuesday that LUNA and UST holders increased significantly after the crash, hoping for […]
The ruling party of South Korea is likely to host an urgent meeting on Tuesday with officials from the state's top five largest crypto exchanges. The officials look forward to holding crypto exchanges accountable for their failure to save traders during the Terra crash. According to the news...
Terra's total value locked suffered a major fall, losing as much as $14 billion because of a reduced DeFi investor interest and a bearish market. The blockchain protocol has remarkably lost around 78% in TVL since the first quarter of 2022. It started the year with a TVL of $14.8 billion but May 11, 2002, revealed a massive dip of $4.02 billion....
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