South Korea imposes departure ban on Terraform Labs employees
The move is to ensure Terraform employees are available for the ongoing investigation of the crash of the blockchain's LUNA and UST tokens.
Latest UST News
Digital currency is crashing again—Why? Joshua Henslee shares his thoughts
Joshua Henslee released a video sharing his thoughts on why a second major crash in the digital currency sector is happening and why he thinks we’re entering a longer-term bear market.
SEC launches probe into insider trading at major American exchange following UST/LUNA crash
The U.S. securities regulator has sent a letter of inquiry to an unnamed major exchange requiring information on how it protects its users from insider trading on its network.
Goblin Town—Meme becomes a reality as everything continues to fall apart
If a decentralized stablecoin can crash and take billions of digital currency market capitalization due to "fear," it is hard to imagine what a centralized stablecoin crash could do to the industry.
Binance.US faces class-action lawsuit over UST, LUNA promotion and sale
Over 2,000 investors have signed up for the lawsuit, which accuses Binance of employing a market strategy of misleading as many investors as quickly as possible.
South Korean exchanges team up to prevent another Terra-like crash
Five of the country's top exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, have agreed to form a joint council to work on investor protection rules autonomously.
New York Department of Financial Services releases stablecoin guidance
The DFS says the guidance should act as the baseline set of requirements that companies within New York State that have either issued, or would like to issue, dollar-backed stablecoins must follow.
Does Bitcoin really challenge the Western financial system? Kurt Wuckert Jr. talks to Gold Silver Pros
CoinGeek's Chief Bitcoin Historian Kurt Wuckert Jr. recently joined Rob Kientz on Gold Silver Pros to talk about Bitcoin, the digital currency markets, regulations, stablecoins, and much more.
South Korea to launch a Digital Assets Committee in continued reaction to Terra’s collapse
The Digital Assets Committee is an initiative of the ruling People's Power Party as it intends to reorganize and broaden the Special Committee on Virtual Assets created in May as an emergency response to Terra's UST and LUNA tokens' crash.
UK Treasury proposes regulations to protect stablecoin users
Her Majesty's Treasury stated that it recognizes the potential of stablecoins to drive innovation, but noted that they pose a threat to financial stability should systemic failures occur.
LUNA2 listed by major exchanges, but still no BSV
As authorities in South Korea investigate Do Kwon and Terraform Labs due to the LUNA/UST implosion, major exchanges like Kraken, FTX, and Binance listed LUNA2 without a second thought.
BSV Global Blockchain Convention: Digital exchange experts discuss BSV, LUNA crash and stablecoins
Day 2 of the BSV Global Blockchain Convention featured a panel that tackled “The Future of Digital Exchanges & Investment” and was moderated by BSV Blockchain Association's Marcin Zarakowski