Terra

Terra to Restart Luna Blockchain, Abandon UST Stablecoin
Terra to Restart Luna Blockchain, Abandon UST Stablecoin
May 25, 2022  |  Blockchain

A founder of the troubled Terra ecosystem has gotten a proposal approved to salvage the project in the wake of the collapse of the UST...

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Barclays Analyst Wary Outflows May Put Stablecoins on Shaky Ground
Barclays Analyst Wary Outflows May Put Stablecoins on Shaky Ground
May 19, 2022  |  Cryptocurrency

Barclays analyst Joe Abate says fully collateralized stablecoins might not be any different from algorithmic ones like the collapsed Terra UST coin in terms of...

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Location of Terra’s Bitcoin Reserve Unknown Following Transfers
Location of Terra’s Bitcoin Reserve Unknown Following Transfers
May 15, 2022  |  Bitcoin

Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable...

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Spooked by Stablecoin’s Collapse, Investors Flee DeFi
Spooked by Stablecoin’s Collapse, Investors Flee DeFi
May 13, 2022  |  Cryptocurrency

The collapse of the TerraUSD stablecoin may have claimed another victim: The staking and lending platforms at the heart of decentralized finance (DeFi). The algorithmic...

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Terra Buys $135M in Bitcoin for UST Stablecoin Reserve
Terra Buys $135M in Bitcoin for UST Stablecoin Reserve
March 28, 2022  |  Blockchain

Do Kwon, co-founder and CEO of the company behind the Terra blockchain, confirmed it had bought over $1 billion in bitcoin since the end of...

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Bitcoin Daily: IRS Confiscates Eight Times as Much Crypto in 2021; Deutsche Telekom Supports Blockchain Framework Polkadot
Bitcoin Daily: IRS Confiscates Eight Times as Much Crypto in 2021; Deutsche Telekom Supports Blockchain...
December 21, 2021  |  Bitcoin

The IRS confiscated $1.2 billion in cryptocurrencies in 2021, which was an eightfold increase from the 2020 amount of $137 million, CVBJ.biz reported. Jarod Koopman,...

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