The token, which is actually stable in value, and the associated volatile token “Luna” were already practically worthless on Friday.
(Photo: mauritius images / Valentyn Artemenko / Alamy / Alamy Stock Photos)
Denver, Frankfort The second week of May 2022 will go down in the history of the digital financial world as a dark chapter.
“This is the crypto industry’s Lehman moment, except there are no government bailouts here,” Will Clemente of analytics firm Blockware Intelligence wrote on Twitter last Wednesday.
The rapid fall in the price of the stable coin Terra was in full swing and shook the entire crypto world.
By Friday, at least Bitcoin, as the oldest and most important digital currency, had initially stabilized at around $30,500. Even after some fluctuations over the weekend, it was just above the $30,000 mark on Sunday.
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The crypto crash has triggered a new discussion about the stability of digital currencies and the associated risks for the traditional financial markets. Here are the most important answers on the topic.
1. What happens next with the coins of the Terra blockchain?
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