Luna network halted
Final supply = 65 trillion
Stablecoin TerraUSD plunges from $1 to $0.40
Stablecoin TerraUSD plunges from $1 to $0.40
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May 13 2022, 03:20 PM
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#21
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Junior Member
941 posts Joined: Nov 2007 |
Luna network halted
Final supply = 65 trillion |
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May 14 2022, 07:41 AM
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#22
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Junior Member
665 posts Joined: May 2019 |
QUOTE(icemanfx @ May 13 2022, 03:08 PM) Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash, CoinDesk has learned. Basis Cash (BAC) was a closely watched revival in decentralized finance (DeFi) circles when it launched on Ethereum in late 2020, just before the launch of terraUSD (UST), Terra’s flagship stablecoin. Like UST, BAC sought to maintain a $1 peg through code, not collateral. But it failed: The token of this long-abandoned project never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent on Wednesday. https://www.coindesk.com/tech/2022/05/11/us...colleagues-say/ |
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May 18 2022, 01:20 PM
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Senior Member
3,440 posts Joined: Jan 2003 |
More drama incoming:
Fatman turns to legal course of action against Terra's Luna & UST https://twitter.com/FatManTerra/status/1526...Abih6oSfvA&s=19 |
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May 18 2022, 04:33 PM
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Junior Member
900 posts Joined: Feb 2016 |
QUOTE(Davidtcf @ May 18 2022, 01:20 PM) More drama incoming: When a person lost direction and let emotion take over them, they will just bite on anything they can find. I felt Kesian toward those Net Red that convince their follower to leverage on UST/Luna, at the same time I can't imagine only a month ago i'm asking if there's a cheaper way to acquire stablecoin.Fatman turns to legal course of action against Terra's Luna & UST https://twitter.com/FatManTerra/status/1526...Abih6oSfvA&s=19 |
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May 19 2022, 03:06 PM
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Senior Member
3,373 posts Joined: Nov 2008 |
QUOTE(Davidtcf @ May 18 2022, 01:20 PM) More drama incoming: This is the reason why there are maxis out thereFatman turns to legal course of action against Terra's Luna & UST https://twitter.com/FatManTerra/status/1526...Abih6oSfvA&s=19 |
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May 27 2022, 02:35 PM
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Junior Member
900 posts Joined: Feb 2016 |
So anyone Luna 2.0?
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May 27 2022, 02:37 PM
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Senior Member
2,850 posts Joined: Oct 2005 |
do you really think that jackass arrogant Do Kwon will rescue TerraUSD?
after he rescued, he will becomes "poor", do you think he will accept this? |
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May 27 2022, 02:43 PM
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Junior Member
900 posts Joined: Feb 2016 |
QUOTE(john123x @ May 27 2022, 02:37 PM) do you really think that jackass arrogant Do Kwon will rescue TerraUSD? I don't, but i do have $10 spare to throw in and hope it will 10x-50x in short amount of time. Set a profit stop in attempt to gain back some of what I've lost.after he rescued, he will becomes "poor", do you think he will accept this? Gambling |
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May 28 2022, 01:44 PM
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Senior Member
6,882 posts Joined: Aug 2019 From: Singapore |
» Click to show Spoiler - click again to hide... « Cross-posted from IBKR thread. |
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Jun 1 2022, 04:21 PM
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Senior Member
3,440 posts Joined: Jan 2003 |
Anchor Protocol site down since yesterday:
https://www.anchorprotocol.com/ Fishy as to why they dont even bother to restore back the website. |
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Jun 1 2022, 06:29 PM
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#31
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Junior Member
900 posts Joined: Feb 2016 |
QUOTE(Davidtcf @ Jun 1 2022, 04:21 PM) Anchor Protocol site down since yesterday: Throw rm 100 buy few new Luna 2.0 tokens And let it be. Unsure what will happen but fomo so decided to throw some $$ in.https://www.anchorprotocol.com/ Fishy as to why they dont even bother to restore back the website. |
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Jun 5 2022, 12:18 PM
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#32
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Senior Member
6,882 posts Joined: Aug 2019 From: Singapore |
MARKETS: FINANCE
Search Continues for Source of TerraUSD Crypto Bank Run In decentralized finance, it isn’t easy to understand who provides money for loans, where the money flows or how easy it is to trigger currency meltdowns https://www.wsj.com/articles/search-continu...share_permalink |
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Jun 10 2022, 05:45 PM
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Senior Member
3,440 posts Joined: Jan 2003 |
Latest news. Insider TFL employees leaked to SEC. Likely Do Kwon knew this was going to happened:
https://alicebuzz.com/do-kwon-charged-with-...out-luna-crash/ An engineered collapse most likely. |
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Jun 10 2022, 08:27 PM
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#34
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Senior Member
6,882 posts Joined: Aug 2019 From: Singapore |
FT Opinion
Markets Insight: Regulate stablecoins. Please! It is time for regulators to get creative and use their current powers to act by SHEILA BAIR » Click to show Spoiler - click again to hide... « |
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