Tag: Terra crash

5 things you need to know about Terra Luna crypto crash

5 things you need to know about Terra Luna crypto crash

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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 important […]

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Whereabouts of Terra’s Bitcoin reserve a mystery after transfers

Whereabouts of Terra’s Bitcoin reserve a mystery after transfers

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The $3.5 billion in Bitcoin purchased as a reserve by the foundation set up by the creators of the failed Terra blockchain became untraceable after it was moved to two cryptocurrency platforms, according to blockchain forensics firm Elliptic.What happened to the cryptocurrency held in reserve may become a key question if investors seek to recoup […]

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