"Terra" Blogs & Blog Posts

Two crypto routs and insolvency worries pertaining to crypto funds including Three Arrows and Celsius have hit the overall market.

A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard told lawmakers in Washington.

The Kyiv resident said he wanted to avoid the risks from Russia's war or a currency collapse.

The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as part of its reserves, and it has boosted its Treasury holdings.

It's likely that Changpeng Zhao meant it as a joke as he remains a billionaire, but luna's meltdown has stung investors worldwide.

"It was a big idea that failed," the Galaxy Digital founder and CEO said in a letter to investors about Terra, which crashed last week.

Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate" projects with "no underlying business models."...