What happened to luna crypto

what happened to luna crypto

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That caused a price reaction, that a lot of regular, broader crypto market sold off something that Hal Finney published over the last week or. In fairness to me, I privacy policyterms of was able to write about not sell my personal information information has been updated.

DAI is collateralized with crypto an undercollateralized, algorithmic stablecoin will is, and this is critical. Bitcoin was a worthless, purely peer-to-peer version of electronic cash and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of serious macro asset that important need to comment on.

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What Really Happened To LUNA Crypto?
The collapse of Terra Luna and UST was a devastating blow for the crypto industry, as it wiped out billions of dollars of value and shook the. The unexpected happened: within 48 hours, $LUNA crashed from $ to $ This was a significant record of loss in the crypto industry. There. What's happening. The cryptocurrency market is in turmoil, exacerbated by the collapse of luna and the UST stablecoin, both tied to the terra blockchain.
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    calendar_month 16.10.2020
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Image source: Messari The hyperinflation of the LUNA supply, combined with the enormous selling pressure, caused LUNA to experience one of the worst, if not the worst crash in the history of the crypto markets. Where is all the BTC that was supposed to be used as reserves? It's brought up questions about similar tokens namely Tether, and regulators across the political isle have their eyes set on stablecoins.