Terra


Policy

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

Mashinsky resigned as CEO on Sept. 27; the company filed for chapter 11 bankruptcy protection in mid July.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)

Videos

Terraform Labs Fires Back at South Korea’s Arrest Warrant for Do Kwon: Report

Terraform Labs said South Korean prosecutors overextended their authority in seeking an arrest warrant for CEO Do Kwon, according to a report in the Wall Street Journal, citing a statement from Terraform. “The Hash” hosts discusses the latest developments surrounding the Terra ecosystem.

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Finance

Terraform Labs Calls S. Korean Authorities’ Arrest Warrant for Do Kwon Overreach: Report

A Terraform spokesperson claimed its luna cryptocurrency wasn’t a security, meaning it wasn’t covered by South Korea’s capital markets law.

TerraForm Labs founder and CEO Do Kwon (CoinDesk TV screenshot, modified by CoinDesk)

Tech

Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin

Collateralized USDC is assuming a role formerly held by Terra’s algorithmic UST stablecoin – raising questions as to whether decentralized finance can mature with decentralized money at its core.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

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Finance

Los inversores de luna no aprovecharon los riesgos, según Novogratz

“Cuando un token pasa de 20 centavos a US$100 y no se aprovechan las ganancias, es una locura”, dijo el CEO de Galaxy Digital.

Los inversores minoristas de luna no tienen una metodología de gestión de riesgo, afirmó Novogratz. (Token 2049)

Finance

Luna Crypto Investors Failed to Appreciate the Risks, Galaxy Digital's Novogratz Says

“When a token goes from 20 cents to $100 and you don’t take profit, that’s lunacy,” the CEO of Galaxy Digital said.

Luna's retail investors lacked a risk management methodology, Mike Novogratz said. (Sam Reynolds/CoinDesk)

Policy

US Fed Chair Powell Urges Caution on Regulating DeFi

Some policymakers are keen to press new rules on the decentralized finance sector following the collapse of Do Kwon's terraUSD stablecoin.

Federal Reserve Chair Jerome Powell (Win McNamee/Getty Images)

Policy

S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon

Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition, as a worldwide search for the Terraform Labs co-founder continues.

Do Kwon, cofundador de Terraform Labs. (Terra)

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Markets

Luna Classic, Remnant of Terra Collapse, Jumps 60% as Binance Unveils Burn Scheme

The crypto exchange’s new measure aims to reduce the hyperinflated LUNC token’s supply, but it is unlikely to have the desired effect that traders hope for.

(Midjourney/CoinDesk)

Finance

Interpol emite notificación roja contra Do Kwon, según informe

Kwon continúa afirmando que no está prófugo, aunque se desconoce su ubicación luego de que las autoridades de Singapur afirmaran que no se encuentra en la ciudad-estado.

Do Kwon, cofundador de Terraform Labs. (Terra)