Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
Cointelegraph
Published May 14, 2022 04:30PM ET
Updated May 15, 2022 05:00PM ET
h4 /h4 h4 Breaking: Terra blockchain officially halted following LUNA price collapse
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/h4 h4 Robinhood (NASDAQ:HOOD) shares spike 30% after Sam Bankman-Fried buys $650M stake/h4 h4 /h4 h4 ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’/h4 h4 /h4 h4 Bitcoin macro bottom ‘not in yet’ warns analyst as BTC price holds $30K/h4 h4 /h4 h4 Galaxy Digital reports $112M Q1 loss, citing crypto price volatility/h4 h4 ‘Mortified’ crypto trader gets 42 months for fraud, claiming he was a total gun
/h4 h4 Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain/h4 h3 /h3 h3 Bitcoin 2022 Will the real maximalists please stand up?/h3 h3 Can Solana become the dominant PoS chain despite persistent outages?/h3 h3 What happened? Terra debacle exposes flaws plaguing the crypto industry/h3
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This week, news about the Terra ecosystem dominated the headlines after algorithmic stablecoin TerraUSD (UST) lost its peg to the U.S. dollar and continued to crash.
At its lowest point during the week, UST fell to around $0.13, according to CoinMarketCap. The meltdown also affected LUNA due to its symbiotic relationship with its sister asset. After reaching a high of $120 in early April, LUNAs value plummeted this week to basically zero.
h4 /h4h4 Leaked report: South Korea to establish crypto framework by 2024/h4 h4 /h4 h4 Meta will test digital collectibles on Instagram starting this week
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/h4 h4 Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain/h4 h3 /h3 h3 Bitcoin 2022 Will the real maximalists please stand up?/h3 h3 Can Solana become the dominant PoS chain despite persistent outages?/h3 h3 What happened? Terra debacle exposes flaws plaguing the crypto industry/h3
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Written By: Cointelegraph
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