Hodler’s Digest, May 8-14, via Cointelegraph

Terra Ecosystem Collapses, Sam Bankman-Fried Buys Robinhood Stock, Crypto Trader Jailed For Ponzi Scheme: Hodler’s Digest, May 8-14

BREAKING: Blockchain Officially Stopped After LUNA Price Plunges

News about the Terra ecosystem made headlines this week after the algorithmic stablecoin TerraUSD (UST) lost its peg to the U.S. dollar and continued to crash.

UST fell to around $0.13 at its lowest point this week, according to CoinMarketCap.Meltdown also affects LUNA because it Symbiotic relationship with its sister assets. After reaching a high of $120 in early April, the value of LUNA plummeted to essentially zero this week.

Leaked report: South Korea to establish encryption framework by 2024

Meta will start testing digital collectibles on Instagram this week

Robinhood (NASDAQ: ) shares surge 30% after Sam Bankman-Fried buys $650 million stake

Public Opposition Against ‘Slave Coins’, ECB Launches ‘Anonymous’ Digital Euro

Macro bottom ‘not yet there’ warns analysts as BTC price holds at $30k

Galaxy Digital reports $112 million loss in Q1, citing volatility in cryptocurrency prices

‘Disgraced’ cryptocurrency trader sentenced to 42 months for fraud, claims he was a gun

BREAKING: Binance suspends LUNA and UST trading due to Terra blockchain issue

Bitcoin 2022 Will the real extremists stand up?

Can it become the dominant PoS chain despite ongoing disruptions?

what happened? Terra debacle exposes flaws plaguing the crypto industry

Continue reading Coin Telegram

Source link