Investors have been eager to find out what happened to the$3 billion in bitcoinbought up by crypto firm Terra to back its failed stablecoin. Now, they've got their answer. Luna Foundation Guard, a fund set up by Terra creator Do Kwon,said Mondayit spent almost all of the bitcoin in it...
“These purchases resulted in an oversupply of UST, which started falling rapidly once sell pressure began to mount on LUNA and then subsequently on UST. Once this selling happened, the Luna Foundation Guard had to offload its Bitcoin to maintain the peg. But, the reflexive sell pressure contin...
If what happened to FTX in 2022 has you nervous about holding crypto on an exchange, consider moving your digital assets to a separatecrypto wallet. Most exchanges allow you to transfer assets to these wallets, which can be online (on a separate platform) or offline (on a thumb drive with...
What Happened in May 2022? While it’s not clear what set off the sell-off in UST/Luna, there are some that blame a rate cut by Anchor from the ~20% interest it would pay for crypto deposits on May 2. Regardless of the cause, there were two large withdrawals fromdecentralized exchang...
re approving. Unless you’re a very sophisticated user, it’s unlikely you would notice – after all, it looks like a random sequence of characters. This exact style of attack happened toBadgerDAO, where a malicious website tricked users into signing transactions that transferred their funds ...
What happened then? It was in the reign of Justinian the Great, the last Roman Emperor marked by the first appearance of pandemic Bubonic Flague in Africa, the Middle East and Europe. It was followed by the Dark Ages. That didn t happen in a day, and in fact it was some 500 ...
As many of you know, Avalanche is a crypto project I've been watching closely for quite some time, and that's partially because AVAX was once part of my portfolio (and I regret selling!). Given everything that happened with Terra, I figured it was about time for another Avalanche updat...
It's a little bit of like, did you keep up with what happened with Theranos? Of course! WeWork and all of those companies The myth of the founder that was supposed to be a genius and then fucked it all up. Maybe that's a result of the media attention paid to previous fraudsters or...
Bitcoin's value fell by more than half its value since its November 2021 peak, which caused the entirecryptocurrencymarket to collapse. Terra (LUNA) and TerraUSD (UST) both experienced such steep declines that investors may be spooked. When both cryptocurrencies were enjoying their honeymoon perio...
Binance, the world’s largest crypto exchange, announced on Nov. 6 that it would sell its entire position in FTT tokens—roughly 23 million FTT tokens valued at the time at approximately $529 million. Binance CEO Changpeng “CZ” Zhao said the decision to liquidate the exchange’s FTT positi...