Last fall, when crypto founder Do Kwon threw a big bash in New York to celebrate and showcase the potential of his own work, he was a rising celebrity in the insular world of digital currencies…
Crypto’s Crash: 100-to-1 Leverage Goes Poof!…
Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded…