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Despite Terra s Fall, DeFi Followers Remain Optimistic About Future

Hardcore believers in the future of decentralized finance aren't giving up on algorithmic stablecoins even after the spectacular collapse of TerraUSD

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Terra Crash: SEC Boss Gensler Says More Crypto Failures Are Likely

Speaking to reporters after a House Appropriations Committee panel hearing Wednesday, SEC Chair Gensler said: "A lot of these tokens will fail."

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Bill Ackman: Terra Sounds Like Crypto Version of a Pyramid Scheme

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

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TerraUSD Backer Spent Reserves Trying To Salvage Dollar Peg; Regulators Eye Crypto

An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out.

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TerraUSD Founder Do Kwon Wants to Save Terra With Blockchain Hard Fork

Do Kwon wants to hard fork the Terra blockchain to create "classic" and new versions, with 1 billion of new luna tokens distributed to holders.

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