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As additional claims surface against Do Kwon, who has made his Twitter profile private, confidence in Terra's new environment is eroding.
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An earn-as-you-go model like Tinder's was suggested by Do Kwon in the wake of the ecological turmoil.
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Tether has lost more than $10 billion in value in the last two weeks due to increased regulatory scrutiny on stablecoins.
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According to CoinDesk's main insights columnist, conspiracy theories will not shelter you from financial realities.
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Terra's revival plan has been updated three times. This includes raising genesis liquidity, implementing a new liquidity profile, and reducing allocation for select investors.
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Do Kwon, the eccentric 30-year-old developer of the UST and Luna coins, cemented his reputation as one of crypto's most known individuals, for all the wrong reasons.
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The entire business is in jeopardy due to an unprecedented fall in algorithmic stablecoins.
As additional claims surface against Do Kwon, who has made his Twitter profile private, confidence in Terra's new environment is eroding.
