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Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss

Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss

The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller. Speaking with Cointelegraph, the Australian crypto exchange head argued that sectors such as Ethereum-based decentralized finance…

GameFi and Metaverse least affected by Terra debacle: Report

GameFi and Metaverse least affected by Terra debacle: Report

Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky, a report says.  In a Friday report from decentralized application (DApp) data aggregator DappRadar, the collapse of Terra in May was…

Anonymous vows to bring Do Kwon’s ‘crimes’ to light

Anonymous vows to bring Do Kwon’s ‘crimes’ to light

Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regard to the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in May.  On Sunday, a video purportedly coming from the Anonymous hacker group rehashed a laundry list…