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2024年2月29日 · Mobile. Qualcomm Confirms Snapdragon 8 Gen 4 Chip Is Coming in October. At MWC 2024, a Qualcomm exec said the mobile chip is coming later this year, with a new CPU and other tech. David Lumb. Feb....
- What's A Stablecoin?
- Terra, Luna and UST: What Are They?
- The Depeg of UST
- Why Does It Matter?
- What's Next For Terra, Luna and UST?
To understand the crypto catastrophe, you first need to know what a stablecoin is. In essence, it's a cryptocurrency that's pegged to a more stable currency. The biggest such coins are tether and USDC, which like most stablecoins are both tied to the US dollar. So if you have 1,000 USDC tokens, for instance, they can at any time be exchanged for $1...
Terra is a blockchain, just like ethereum and bitcoin. While ethereum's blockchain natively produces ether tokens, terra natively produces luna. In the deys preceeding the depeg, luna was trading at $85. To create UST, you need to burn luna. So for instance, in early May you could trade one luna token for 85 UST (since luna was worth $85), but the ...
It all started on Saturday, May 7. Over $2 billion worth of UST was unstaked (taken out of the Anchor Protocol), and hundreds of millions of that was immediately sold. Whether this was a reaction to a volatile period -- the rise in interest rates has particularly affected cryptocurrency prices -- or a more malicious attack on Terra's system is a to...
This matters for three reasons. First, over $17 billion in crypto value has been wiped out through luna and UST alone. There have been anecdotal reports of self-harm by those who had most of their savings staked in UST -- though these can't be confirmed, it's clear that a lot of people lost a lot of money in the collapse. The damage isn't contained...
It's been a rough week for terra developers since UST depegged. After some, including Binance CEO Changpeng Zhao, questioned how the project's bitcoin reserves were used, the Luna Foundation Guard, the consortium setup to protect UST's peg, tweeted that its bitcoin reserves fell from 80,000 (about $2.2 billion) to just 313 ($9.2 million). The remai...
2022年11月23日 · Mobile. Apple Watch Series 8 vs. SE: Which One Is Right for You? The Series 8's extra health-tracking features, faster charging and always-on display separate it from the SE. Lisa Eadicicco. Nov....
2023年8月11日 · Computing. Chromebook Expiration Dates: A Must-Know Guide for Smart Buyers. Easily find the Auto Update Expiration date, which tells you when a Chromebook's security and feature updates will...
