{"id":5817,"date":"2022-05-25T15:36:07","date_gmt":"2022-05-25T13:36:07","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/05\/25\/collapsed-stablecoin-terra-to-be-rebooted-in-attempt-to-recover-losses\/"},"modified":"2022-05-25T15:36:07","modified_gmt":"2022-05-25T13:36:07","slug":"collapsed-stablecoin-terra-to-be-rebooted-in-attempt-to-recover-losses","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/25\/collapsed-stablecoin-terra-to-be-rebooted-in-attempt-to-recover-losses\/","title":{"rendered":"Collapsed \u2018stablecoin\u2019 terra to be rebooted in attempt to recover losses"},"content":{"rendered":"

Collapse this month prompted widespread crash of cryptocurrency sector<\/p>\n

Terra, the \u201calgorithmic stablecoin\u201d project whose collapse this month<\/a> prompted a widespread crash<\/a> of the entire cryptocurrency sector, is being rebooted as \u201cterra 2.0\u201d in a last-ditch attempt to recover investor losses.<\/p>\n

However, the new cryptocurrency, which will be launched on Friday morning, will no longer involve any effort to peg its value to the US dollar, in an attempt to avoid the \u201cdeath spiral\u201d that destroyed the original iteration. The plans were approved by a vote of terra investors, with 65% voting in favour.<\/p>\n

Continue reading…<\/a>
\nCollapse this month prompted widespread crash of cryptocurrency sector
\nTerra, the \u201calgorithmic stablecoin\u201d project whose collapse this month prompted a widespread crash of the entire cryptocurrency sector, is being rebooted as \u201cterra 2.0\u201d in a last-ditch attempt to recover investor losses.
\nHowever, the new cryptocurrency, which will be launched on Friday morning, will no longer involve any effort to peg its value to the US dollar, in an attempt to avoid the \u201cdeath spiral\u201d that destroyed the original iteration. The plans were approved by a vote of terra investors, with 65% voting in favour. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Collapse this month prompted widespread crash of cryptocurrency sector Terra, the \u201calgorithmic stablecoin\u201d project whose collapse this month prompted a widespread crash of the entire cryptocurrency sector, is being rebooted as \u201cterra 2.0\u201d in a last-ditch attempt to recover investor losses. However, the new cryptocurrency, which will be launched on Friday morning, will no longer …<\/p>\n

Collapsed \u2018stablecoin\u2019 terra to be rebooted in attempt to recover losses<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":5818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5817"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5817"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5818"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5817"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}