South Korean Government to Form Digital Assets Committee in Response to Terra Collapse: Report

2022-6-2 18:16

South Korea's government is to form a committee specifically to oversee the digital assets market following the collapse of Terra, according to a report by news outlet NewsPim.

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Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the course of a week, much has been made about the project’s architecture, namely its supposedly defective algorithm, which was led […]

2022-5-19 20:20