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The Collapse and Rebirth of Terra

15 Jun 2022 1 minute read 4 comments InsideCrypto

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we catch up with Tom Yin, one of the newest research analysts at 21Shares. He recently published a...

How Safe Are Stablecoins Part 2 – Algorithmic Coins

10 Jun 2022 9 minute read 2 comments Scott Cunningham

The question we aim to answer today is how safe & stable are stablecoins? Let’s dive into some failed examples of algorithmic stablecoins like UST, Basis Cash, and IRON and some new ones like USDD from Tron.

Can We Trust Algorithmic Stablecoins? The Collapse of LUNA And UST

9 Jun 2022 1 minute read 2 comments Crypto Monkey

What eventually brought down UST and LUNA was a bad design of the algorithmic balance that should maintain the peg of UST to the US dollar. It was an algorithm that worked OK as long as market conditions were not very challenging . Additionally, the...

LUNA 2.0 is a failure

29 May 2022 1 minute read 0 comments Aldeneer

LUNA 2.0 has launched and old hodlers have gotten some new LUNA as a compensation. Sadly LUNA 2.0 has dropped almost 70% because people started selling new tokens. Also LUNA's creator lost its trust and most people including me think that he is ofici...

Why Terra 2.0 Is Doomed to Fail.

29 May 2022 1 minute read 0 comments ssaurel

Life is strange sometimes. Eight days before the explosion of the Terra ecosystem, Do Kwon predicted the death of 95% of the existing cryptocurrencies. So far, nothing too serious, since Do Kwon was stating an obvious fact to me. What was more embarr...

The Luna Crash Might Have Been Intentional – Here’s Why

25 May 2022 5 minute read 3 comments Mike Ermolaev

As a result of the Luna cryptocurrency and the UST stablecoin, which are both linked to the Terra blockchain, the cryptocurrency market has tanked and is struggling to recover, with some even predicting the collapse of the entire cryptocurrency marke...

Terra's collapse causes crisis for Avalanche

25 May 2022 1 minute read 0 comments Stormgain

The collapse of Terra's UST project, which was the third-largest stablecoin by market cap, has cast a shadow over the entire decentralised finance sector. Over the last 30 days, cross-chain bridges lost 20% of their capitalisation, while the total lo...

South Korean police call on exchanges to freeze LFG funds & more

24 May 2022 5 minute read 4 comments I-HODL

The UST/LUNA fallout continues, my friends. Today, South Korean exchanges meet with members of the ruling party to defend their actions during the recent crypto crash as, according to reports, they are being charged with failing to implement enough i...

Beware of Justin Sun's new stablecoin!

23 May 2022 1 minute read 0 comments Aldeneer

USDD is a new algorythmic stablecoin, it works similar to TerraUSD. Both are algorythmic stablecoins, both are minted by burning their network's token (USDD by burning Tron (TRX) and UST was minted by burning LUNA), both offer huge interest rates (US...

Pre-attack UST holders will probably be compensated!

23 May 2022 2 minute read 10 comments qsyal

  This is going to be a really short post as I only wanted to share a piece of good news for UST holders (pre-attack). As we all know both LUNA and its "algorithmic" stablecoin crashed in the past few days in an epic "attack" that ended up with LUNA...