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Tag: stablecoin

Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard

May 11, 2022 wp-bot Cointelegraph

Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.

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Why did Terra LUNA and UST crash? | Find out on The Market Report

May 11, 2022 wp-bot Cointelegraph

On this week’s special episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown.

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Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

May 11, 2022 wp-bot Bitcoin News

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA

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Avalanche drops 30% on fears Terra’s LFG will dump AVAX next

May 11, 2022 wp-bot Cointelegraph

Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff.

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Terra founder Do Kwon shares plan to save the UST stablecoin peg

May 11, 2022 wp-bot Cointelegraph

Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST.

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LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’

May 11, 2022 wp-bot Bitcoin News

Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with

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Blockchain
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