Archive: do kwon

Why CBDCs Aren’t a Threat to Crypto

By Yasmin Sharbaf on February 24, 2023

Crypto Market Musings One of the catalysts for our current crypto bear market was the collapse of Terra in early 2021. As a refresher, the algorithmic stablecoin TerraUSD failed to maintain its $1 peg. That caused its companion coin Luna to collapse. The twin collapses rocked the crypto ecosystem. And the SEC is finally charging founder Do Kwon and Terraform Labs with securities fraud. Regulators are continuing to tighten their grip…