The CEO of Binance explained why he and his team were disappointed by Terra’s actions following the recent project meltdown.
The world’s largest crypto exchange suspended LUNA and UST spot trading shortly after doing so to the LUNA coin-margined perpetual contracts. The company’s CEO took it to Twitter to offer his view on the matter.the saga that transpired with Terra and its two native cryptocurrencies – LUNA and UST. The latter, being an algorithmic stablecoin, essentially allowed users to profit by arbitraging it against LUNA ever since it started to de-peg from the USD .to over 6.
Changpeng Zhao outlined these “flaws in the design of the Terra protocol” in his Twitter thread and touched upon the project’s decision to
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Ethereum (ETH), Terra (LUNA) Operations on Binance (BNB) Affected by Congestion: CZEthereum $ETH, Terra $LUNA operations are affected by congestion on binance, CZ reports Binance
Les mer »
LUNA & UST Trading Suspended | Binance SupportFellow Binancians, Binance will suspend spot trading for the LUNA/BUSD and UST/BUSD trading pairs at 08:30 AM (UTC) on 2022-05-13 . Withdrawals for LUNA and UST will open when the network becomes ...
Les mer »
USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-inNot all stablecoins are the same. As fear caused by LUNA/UST spreads across the industry, Tether CTO Paulo Ardoino assures USDT holders that over 300 million tokens had been redeemed at their $1 peg over the past 24 hours.
Les mer »
Terra LUNA's Price Drops Further Below $0.01 with 15 Billion Additional LUNA IssuedTerra $LUNA price further dips under $0.01, 15 billion new LUNA created Cryptocrash altcoins UST LUNAtics
Les mer »