A south Korean lawmaker has demanded a parliamentary hearing of Terra founder Do Kwon leading to the latest collapse of the TerraUSD stablecoin.

Terra said that they would starts compensating UST holders from the last available Bitcoin reserves.

Terra’s collapse of its LUNA cryptocurrency has sent shockwaves in the crypto space and across the DeFi ecosystem.

Janet Yellen cites the recent collapse of the TerraUSD (UST) stablecoin calling the need for strong regulatory framework this year.

The UST peg dropped to $0.70 earlier today after a major sell-off of the UST tokens over the last weekend.

The NFTS on Instagram will come with a unique shimmer” effect which will visually set them apart from standard images and photos.

The crypto market has entered strong correction with BTC losing crucial support levels and hinting at a fall to $30,000 and below.

The in-house Google cloud unit will develop Web 3 tool for developers interested in building their own Web 3 software.

The Luna Foundation Guard conducted a major OTC swap with crypto prime broker Genesis Global Trading while making the payment in its native UST stablecoin.

Apart from announcing the decision to accept crypto, Gucci is working on major developments in Web 3 and NFTs.