
Crypto-currency collapse sends tokens tumbling
Crypto-currency markets are being rocked after a popular token lost 99% of its value, dragging down a so-called “stablecoin” with it. The Terra Luna token fell from a high of $118 (£96), last month, to $0.09 on Thursday. The collapse had a knock-on effect on a linked token, TerraUSD, which is normally stable. And spooked investors are now pulling out of major crypto-currencies, sending markets plummeting. The companies behind stablecoins try to ensure they remain in parity with assets such as the US dollar – with one token equalling $1, for example. But on Thursday TerraUSD fell to $0.4 according … Continue reading Crypto-currency collapse sends tokens tumbling