Auto Added by WPeMatico

Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra…

Continue ReadingUncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse

The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In…

Continue ReadingBlackrock, Citadel, Gemini Deny Involvement in Terra Collapse

Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to…

Continue ReadingTerra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as…

Continue ReadingStablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy