Terra

EU Official Says Europe’s MiCA Bill Would Prevent ‘Schemes’ Like Terra From Happening

The landmark legal framework, which has not yet been made into law, aims to provide regulatory clarity to the growing crypto industry in Europe. The legislation – which policymakers agreed to last month after nearly two years of debate – requires crypto issuers looking to do business in Europe to issue a white paper, register …

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CoinShares reports $21.7M loss tied to Terra implosion

On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million ($32.42 million) pounds in Q1 2021 to 0.1 million …

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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 July 29 report from decentralized application data aggregator DappRadar, the collapse of Terra in May was similar in scale to …

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