Day: 10 June 2022

In the wake of the collapse of TerraUSD, an algorithmic stablecoin, it was widely expected that financial regulators would take swift action to set some ground rules for stablecoins.  (See “Terra LUNA 99% Crash: How Did It All Go Wrong?” for more on the TerraUSD collapse.) Therefore, it was no ...

Do Kwon, the founder of Terra, has recently battled a slew of problems, ranging from the UST and LUNA plunging in value to claims that the founder was involved in illegal activities while overseeing the network. Following the recent collapse of the Terra network, different governments have shone their searchlights ...

In recent times, cryptocurrency usage has skyrocketed globally. More countries are creating regulations guiding cryptocurrency usage, mining, crypto exchanges, etc.  The regulations guiding cryptocurrencies in different countries vary based on how the government views them. For example, El Salvador is pro-cryptocurrencies, even legalizing bitcoin and making it legal tender.   According ...