The Luna Foundation Guard has just released a thread outlining how exactly it will install its funds for the duration of the UST de-pegging phase. This approach that the wait should eventually be over and those may get company solutions to their questions. As of May 7, the Luna Foundation Guard’s reserves consisted of the … Read more
Changpeng Zhao, CEO of Binance, has expressed dissatisfaction with Terra’s handling of the demise of its native crypto asset Luna and its stablecoin TerraUSD (UST). Zhao told his six million Twitter followers in a lengthy thread that Binance reached out to the folks behind Terra and gave advice on how to reduce the problem, while … Read more
The collapse of the Terra USD stablecoin caused a stampede out of several of the digital-asset market’s most popular tokens, causing Asian shares tied to cryptocurrencies to fall. Hong Kong-traded BC Technology Group Ltd. fell as much as 7.5 percent, putting it on course for its lowest closing in more than four years. Monex Group … Read more
