The Latest Breaking News from UST

The implosion of Terra Luna and its stablecoin UST caused massive financial losses for lending protocols and led to increased regulatory scrutiny and political opposition, but there are advocates in Congress pushing for digital assets and consumer choice, and recent stabilization in the crypto industry suggests a new uptrend for…

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Search for crypto entrepreneur Do Kwon after Luna and UST collapse drags down rival currencies

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Do Kwon, founder of Terraform Labs, recently spoke with cryptocurrency media company Coinage in Singapore — his first media interview since the collapse of Terra Luna earlier this summer. Here's what he discussed:

On a recent visit to New York, South Korea’s Justice Minister Han Dong-hoon convened with U.S. officials to discuss ways to better investigate financial crimes — especially those related to cryptocurrencies.

During periods of rampant excess in financial markets, we move from valuations based on the present value of future cash flows to valuations based on stories. How compelling is your story? Is it one of future growth and revolutionized economic reform all powered by smart contracts? Sounds pretty neat.

Anonymous, the infamous hacker collective, has pledged to join the investigation into Do Kwon now being undertaken by governments to hold the Terra (CRYPTO: LUNA) founder accountable for his actions.

A lack of rules has created fraudulent, bubble-driven markets.