Page 8 - Anchor Protocol News Today

South Korea's crypto exchanges could be held accountable for some of the damage Terra investors suffered in the network's crash.

Applied Blockchain was asked by an investor to take look at the inner workings of Terra Luna and didn’t like what it found.

Here’s a refresher to brush you up on what is happening on Terra’s blockchain, LUNA, and UST, and how TerraUSD lost its dollar peg.

TerraUSD, a prominent stablecoin, broke its peg with the dollar and is now trading at near zero which has precipitated a wider crash and even blue-chip cryptocurrencies are suffering.

While many are heralding the end of the crypto space, the Terra Luna stablecoin crash is just one of many growing pains for the sector.

If a 20 percent interest rate sounds too good to be true, it probably is. Ultimately, Anchor weighed its investors down when Terra ran aground.

Crypto investors lose life savings due to Terraform Labs deceitful algorithm: lawyer

One of the most popular stablecoins, TerraUSD (UST), is no longer stable. Within the past few days, UST has lost its peg to the US dollar twice and has since dropped as low as US$0.6923 (S$0.96) at the time of writing. The stablecoin’s market capitalisation dropped from about US$18 billion to as low as US$12.6 billion. So, what caused TerraUSD’s...

The demise of a crypto ecosystem of the size and depth of Terra would mark a milestone

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