Luna Archives - New Money Review

Tag: Luna

Justin Sun goes where Terra/LUNA failed

May 28, 2022 Comments are Disabled

It’s hard to stamp out a bad idea in cryptocurrency. Shortly before the Terra (UST) stablecoin collapsed earlier this month, destroying most of the $50bn once invested in it and […]

Did Terra operators bail out crypto whales?

May 16, 2022 Comments are Disabled

The operators of the collapsed Terra stablecoin ($UST) last week allowed selected holders of the dollar token to cash out at close to 100 cents in the dollar, using cryptocurrency […]

Terra bailout fails

May 11, 2022 Comments are Disabled

Attempts to recapitalise the third-largest dollar stablecoin failed dramatically last night, sending Terra (UST) and its sister token Luna into a death spiral. After Terra lost its dollar peg on […]

Terra depletes reserves in stablecoin panic

May 10, 2022 Comments are Disabled

Terra’s $1 per token market value was supposed to be kept in place by an algorithm. But the stablecoin’s sudden failure has led to a bailout attempt involving the world’s […]

Third-largest stablecoin loses its dollar peg

May 9, 2022 Comments are Disabled

Terra, the third-largest stablecoin by market size, is trading at a discount to its dollar peg after heavy investor selling that threatens broader contagion effects. With a market capitalisation of […]