Luna crash – News Portal

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

May 17, 2022May 17, 2022cpooldigitalLeave a Comment

[ad_1] An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out. The token’s crash last week sent cryptocurrencies tumbling, a slide that resumed […]

5 things you need to know about Terra Luna crypto crash

May 16, 2022May 16, 2022cpooldigitalLeave a Comment

[ad_1] In the last few days, a stablecoin called TerraUSD and its sister currency Luna dropped about 80 per cent, rattling the broader crypto market including tokens like Bitcoin and Ethereum. Terra Luna is now almost worthless. This has created fear among investors, even aggressively bullish crypto investors are now panicking. Here are the five […]