UST

The founder of the collapsed crypto Terra (CRYPTO: LUNA) and terraUSD, Do Kwon on Sunday denied that he was on the run after the Singapore police said he was no longer in the country.  Last week, South Korean authorities issued an arrest warrant for Kwon and five...

By Martha Reyes, Head of Research at digital asset prime brokerage and exchange, BEQUANT. Last week, the crypto markets fell around 16% overnight as Bitcoin (CRYPTO: BTC) dipped below $26k, levels last seen in 2020. The Terra stablecoin (UST) lost its peg and its sister token, Luna saw 99% of its...

South Korean lawmakers have reportedly summoned Terra (CRYPTO: LUNA) founder Do Kwon to appear before Congress and testify on the subject of TerraUSD’s (CRYPTO: UST) collapse. What Happened: According to a report from local publication Newspim,  Rep. Yoon Chang-hyeon of the People’...

Analysts at Morgan Stanley have said that non fungible tokens (NFTs) could be the next area of concern in the cryptocurrency space following the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST). What Happened: In a research note...

Justin Sun, the founder of the Tron (CRYPTO: TRX) blockchain, laughed off claims that he was behind an organized attack that took down Terra (CRYPTO: LUNA) and its stablecoin TerraUSD (CRYPTO: UST). What Happened: In an interview with CoinDesk, Sun denied any involvement in UST...

One of the biggest stories in the world of cryptocurrency this week has been the fall of a stablecoin and a coin associated with it. Here’s a look at how an investment in the cryptocurrency has fared in 2022. What Happened: The cryptocurrency market is crashing tand many of the largest coins...