Delphi Digital admits 'we were wrong' on Terra stablecoin risks By RyanJamesWeeks
The research and investment firm says “we always knew something like this was possible” following last week’s collapse of the TerraUSD stablecoin.
Crypto-focused research and investment group Delphi Digital has published a post-mortem on the losses inflicted by last week's collapse of TerraUSD algorithmic stablecoin, concluding that it"always knew something like this was possible." late Wednesday."To the vocal critics of Terra’s algorithmic design — you were right and we were wrong."in catastrophic fashion last week, destroying more than $40 billion in value for investors. Delphi, which competes with The Block to offer research on the crypto industry, had been a backer of the Luna Foundation Guard , a Singapore-based non-profit entity with a mission to boost the Terra ecosystem.
As recently as April, Delphi had written in a research newsletter that LFG's bitcoin purchases"gives higher security to defend UST’s peg to the dollar" and is"likely reducing the risk of it heading into a death spiral." And in March the firm had launched an offer to allow clients to pay for their subscription with their UST balance and interest earned from Terra's Anchor Protocol.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Delphi murders search warrant says killer took souvenir, possibly staged Indiana crime sceneA search warrant said the killer of two Indiana girls may have taken a souvenir and moved or staged their bodies
Les mer »
As search for Delphi murder suspect continues, new docs say crime scene tampered with, bodies movedAs the search for a Delphi murders suspect continues, new documents released Tuesday reveal the crime scene was tampered with.
Les mer »
Delphi murders: Search warrant reveals new details in homicide investigationStunning new documents describe the scene where two young girls were murdered in Delphi, Indiana, five years ago.
Les mer »
Delphi killings update: Newly-revealed docs say crime scene was tampered with, bodies moved'The bodies were staged. We don't know what that means. Disturbing details. it mentions it was a bloody brutal crime,' said Aine Cain, who along with Kevin Greenlee is behind 'The Murder Sheet' podcast.
Les mer »
Terra crash sharpens Washington's attention on crypto regulationsWhy are policymakers worried about stablecoins? Stablecoins compete with banks and other regulated financial institutions, so regulators believe they should follow similar rules to promote an equal playing field and protect investors.
Les mer »
Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants – Bitcoin NewsThe plan is to fork the network into a new blockchain that does not include an algorithmic stablecoin, and airdrop tokens to Terra participants.
Les mer »