Terra ecosystem
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Terra Co-Founder Do Kwon May Be in Europe: Bloomberg
South Korean prosecutors have indicated the fugitive co-founder of Terraform Labs, Do Kwon, is in Europe, according to Bloomberg. This comes as Kwon denied being on the run. "The Hash" panel discusses the latest in the aftermath of the $60 billion collapse of the Terra ecosystem.
Terra Developers Propose 4-Year Plan to Revive the Network
Terra developers floated a new proposal earlier this week as they look to revive the once-mighty network, even as Do Kwon, the platform's controversial co-founder, faces a warrant for his arrest on charges of fraud. Authorities have been searching for Kwon since last month, but he has denied that he is on the run. "The Hash" team discusses the outlook for the Terra ecosystem.
South Korea Mulls Interpol Red Notice Amid Do Kwon Arrest Warrant: Report
Four months after the collapse of the Terra ecosystem and its algorithmic stablecoin UST, Terraform Labs co-founder Do Kwon and five other individuals have been issued an arrest warrant by a South Korean court on charges of violating the Capital Markets Act. "The Hash" panel discusses the latest in the aftermath of the Terra contagion that triggered an industry-wide fallout.
What the Surge of Terra’s New Luna Token Means for Regulators and Investors
Terra’s newly minted luna token (LUNA) rallied 40% Tuesday after the token was listed on crypto exchange Binance. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory perspective of LUNA 2 and the potential outcomes.
Key Takeaways From Tether’s Attestation Report
Tether reduced its commercial paper holdings by 17% in 2022 Q1, according to its latest attestation report. Its market cap also fell $7.4 billion amid the collapse of the Terra ecosystem. Jeff Howard, Business Development & Institutional Sales at OSL, breaks down the details of Tether’s latest attestation report.
Citi: Fallout From Terra Collapse Unlikely to Hit Wider Financial System
Citi's analysts said the recent weakness in bitcoin and equities, triggered in part by the collapse of the Terra ecosystem, seems contemporaneous and doesn’t show any lag or lead effect. "The Hash" hosts discuss the details of the bank's notes and outlook for global finance.
Terra’s UST and LUNA Collapse: How the Crisis Unfolded
TerraUSD (UST), an algorithmic stablecoin that is supposed to stay pegged to the dollar collapsed over 90% over one week.
Bitcoin Struggles Around $30K Amid Broad Crypto Market Fear
Bitcoin is trading at the bottom of a year-long price range near $30,000 as the Terra ecosystem continues to cause turmoil in the broader crypto markets. CoinDesk’s Damanick Dantes discusses his bitcoin analysis and outlook, sharing insights into BTC’s fear and greed index, options and futures market and market dominance.
