Biggest ever crypto collapse attracts conspiracy theories
So how did it happen and what happens next for investors, the project and the wider crypto space?Both UST and LUNA exist on the Terra blockchain and are overseen by the non-profit Luna Foundation Guard , which stockpiled roughly $3.5 billion in bitcoin and other cryptocurrency in the months leading up to the crisis in order to mitigate against such an outcome.UST is an algorithmic stablecoin, which means it is not backed up by dollar reserves in order to remain pegged to the fiat currency.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Q&A: the collapse of terra and what it could mean beyond cryptoAfter the crash of the ‘stablecoin’ sparked panic, could the fall of the wider crypto market lead to a more permanent economic crunch?
Read more »
Q&A: the collapse of terra and what it could mean beyond cryptoAfter the crash of the ‘stablecoin’ sparked panic, could the fall of the wider crypto market lead to a more permanent economic crunch?
Read more »
Tech & Science Daily: North Korea military tackle ‘explosive’ covid outbreak🎧Tech & Science Daily: Experts are warning it could devastate the country 😷
Read more »
Inside the data that debunks the ‘Great Replacement’ theoryVersions of the conspiracy theory have existed for decades or even centuries – but the data doesn’t support the claims, writes Andrew Buncombe
Read more »
What We Can Learn from Terra’s Fall, and What's Next for CryptoThe real reasons behind the crypto crash, and what we can learn from Terra’s fall
Read more »
How Gen Z is hooked on cryptocurrency and NFTsA growing number of young people are getting into crypto trading - despite the risks.
Read more »