Hodler’s Digest, May 8-14 -Breaking
[ad_1]
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14Breaking: Blockchain officially halted after LUNA’s price collapse
After the algorithmic stablecoin TerraUSD lost its peg with the U.S. Dollar, and then continued to crash, the news surrounding the Terra ecosystem dominated headlines this week.
According to CoinMarketCap, UST dropped to $0.13 at its lowest point in the week. Due to its vulnerability, LUNA was also affected by the meltdown. Symbiotic relationship to its sister asset. After hitting a peak of $120 in April, the LUNAs’ value plunged this week to practically zero.
Unpublished report: South Korea establishes a Crypto Framework by 2024
Meta will start testing digital collectibles starting next week on Instagram
Robinhood (NASDAQ:) shares spike 30% after Sam Bankman-Fried buys $650M stake
ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’
macro bottom ‘not in yet’ warns analyst as BTC price holds $30K
Galaxy Digital announces $112M loss in Q1, citing volatility in crypto prices
‘Mortified’ crypto trader gets 42 months for fraud, claiming he was a total gun
Breaking: Binance suspended UST and LUNA trading due to Terra blockchain issues
Bitcoin 2022: Will maximalists stand up for their cause?
Can the PoS Chain be the most dominant despite constant outages?
Was it a mistake? The Terra scandal exposes the flaws in crypto industry
[ad_2]