Terra

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

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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

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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

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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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