Terra goes from DeFi darling to death spiral
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.
Source: smh.com.au
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TerraUSD Stablecoin Plunges, Dropping Below Peg Value
Not only has bitcoin’s price dropped 8% on Wednesday, but TerraUSD, the third-biggest “stablecoin” cryptocurrency, was trading at 23 cents.
Elle Caruso James Comtois Elle Caruso Wall Street Anchor Protocol Wall Street Journal Xchange Traded Funds
Source: etftrends.com
Did The Biggest Recent Buyer Of Bitcoin Just Become A Forced-Seller?
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Bitcoin drops to lowest level since July amid broader fall in equity markets
Bitcoin drops to lowest level since July amid broader fall in equity markets - SiliconANGLE
Source: siliconangle.com
Crypto's audacious algorithmic stablecoin experiment crumbles
Algorithmic stablecoins, like their more traditional counterparts, are supposed to provide calm in the chaos of crypto.
Source: moneyweb.co.za
Crypto Price Crash: 7 Crypto Heavyweights on TerraUSD $UST Stability
"Ultimately, those types of things are what got us in trouble in 2008," said Dan Gunsberg, founder and CEO of Hxro Network.
Source: businessinsider.com
Terra's Luna Plunges After Network Stablecoin Depegs From Dollar Again
The Luna Foundation Group has said it will sell some of its massive bitcoin reserves to prop up UST again, while luna crashed 45%.
Source: businessinsider.com
Algorithmic Stablecoin Terra in the Spotlight After Losing Dollar Peg
The TerraUSD algorithmic stablecoin dropped to as low as $0.67 in a sell-off that was sparked over the weekend.
Source: businessinsider.com
US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina's central bank says no to financial institutions offering crypto: Hodler's Digest, May 1-7
The Federal Reserve raises interest rates in the United States, Coinbase takes out a crypto-backed loan and BitMEX’s founders are fined $30 million.
Source: cointelegraph.com
3 key metrics signal Terra (LUNA) price is preparing for a recovery
LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally.
Source: cointelegraph.com