Tag Archives: Luna

CoinspeakerFSB Finalizes Global Regulatory Framework for Crypto The aim of FSB was to provide a regulatory framework that would comply with the principle of "same activity, same risk, same regulation" and cover all possible risks related to crypto activity. FSB Finalizes Global Regulatory Framework for Crypto

Korean officials have linked approximately 91.4 billion won, worth about $69 million, in digital assets directly to Do Kwon. South Korea officials continue to grill former Terraform Labs co-founder Kwon Do-Hyung, popularly known as Do Kwon, following his arrest earlier last month in Montenegro as he attempted to flee to Dubai. The collapse of Terra Luna and its algorithmic stablecoin UST led to a loss of over $40 billion from the crypto market. As a result, the entire cryptocurrency...

Like many stablecoins, BTG Dol token is also pegged to the US dollar. Latin America’s biggest investment bank, BTG Pactual, has just announced the launch of its own stablecoin – BTG Dol. According to an official statement from the bank, the stablecoin will run on the Polygon network and is already available to clients. The bank’s choice of blockchain network does not exactly come as a surprise though. This is considering that Polygon is compatible with Ethereum and backs several major...

The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses. Do Kwon, the co-founder of Terraform Labs has been reportedly arrested in Montenegro, months after he vanished after the implosion of Terra (LUNA) and its algorithmic stablecoin UST. The arrest of Do Kwon was shared through a Tweet from Filip Adzic, the country’s minister of interior. At a time over the past year, Do Kwon was declared one of the most wanted men in the...

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The International Monetary Fund (IMF) is concerned about the crypto space after the collapse of both Luna and Terra USD. The IMF Is Worried About Ongoing Crypto Use The latter was an algorithmic stable currency that lost its peg a few months ago. This resulted in not only the coin and its sister asset Luna collapsing completely, but investors ultimately losing billions of dollars overnight. The IMF said in a recent interview that this likely won’t be the only time...

Der Cryptomarkt zeigte diese Woche wieder sein hässliches Gesicht. Die Preis-Volatilität hat in der Vergangenheit viele Investoren reich gemacht. Wer zum richtigen Zeitpunkt in einen Low Cap Altcoin investierte, konnte über Nacht Millionär werden. Doch das Beispiel Luna zeigt auch, dass man ebenso alles verlieren kann, wenn man nicht zum richtigen Zeitpunkt aus einem Altcoin aussteigt. Crypto News: Luna kollabiert innerhalb von wenigen TagenZu Beginn der Woche erlebte LUNA (auch Terra...