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Terra outlines stablecoin support measures as Luna slides below 10 cents

Terra outlines stablecoin support measures as Luna slides below 10 cents

Terraform Labs published extra measures on Thursday to help restore the TerraUSD (UST) peg with the US dollar and support Luna’s cratering price. Chief among them is proposal 1164, as Terraform Labs CEO Do Kwon highlighted yesterday. This is designed to increase the amount of UST that can be swapped for Luna by four times. …

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Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong.  Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent …

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