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.
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