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Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options.
Failing to live up to their billing as the collapse of the algorithmic token has investors pondering the implications of the tumult for the broader market.
Luna has lost nearly all of its value - trading at 63 US cents on Thursday from a high of US$119.18 last month. . Read more at straitstimes.com.
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.