79 Articles 2 Followers
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...
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...
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...
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...
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...
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...
21 May 2022 4 minute read 3 comments I-HODL
My friends, there's this exchange in Brazil called Nox Bitcoin, right? There were some investors on the exchange who held UST before the crash. According to reports, Nox Bitcoin has committed to allocate 620,000 Brazilian reais to refund customers wh...
20 May 2022 2 minute read 0 comments Stormgain
The cryptocurrency space is facing an institutional crisis as a result of crumbling faith in stablecoins. And while few heads might have been turned by the collapse of a few minor projects, the decline of UST (Terra) — the third stablecoin by market...
20 May 2022 1 minute read 2 comments BitcoinBaby
Let me try something new, maybe you like it, maybe you don´t. We´ll see. I have been writing my 𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭´s for a while on Noisecash and I enjoy doing so. Responses are good so let's see if these little daily columns are a positive add...
19 May 2022 2 minute read 2 comments kev_nag
Introduction Long beleaguered by concerns regarding its cash reserves, in the wake of the Terra/UST crash, Tether faces more concerns. As Tether’s peg with the United States Dollar is backed (supposedly) by cash, bonds, and Treasuries, each individua...
