GAM Investments has called fake news on a fabricated announcement claiming it would invest $3 billion to help Luna/UST recovery efforts.
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Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain
Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain.
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Bitcoin price sees ‘hell of a reversal candle’ as 168,000 BTC leaves exchanges
Nothing keeps a Bitcoin bull down for long, and now, BTC price action is back above $30,000 after 24-hour gains of 30%.
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SEC’s Hester Peirce says new stablecoin regs need to allow room for failure
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure.
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Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra
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Stablecoins’ recent depegging is not a ‘real threat to financial stability,’ says Janet Yellen
Terra’s UST dropped as low as $0.29 and Tether’s USDT stablecoin briefly depegged from the dollar to hit $0.96 on Wednesday.
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