Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14 By Cointelegraph

Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

CryptocurrencyMay 14, 2022 04:40PM ET

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Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

Breaking: Terra blockchain officially halted following LUNA price collapse

This week, news about the Terra ecosystem dominated the headlines after algorithmic stablecoin TerraUSD (UST) lost its peg to the U.S. dollar and continued to crash.

At its lowest point during the week, UST fell to around $0.13, according to CoinMarketCap. The meltdown also affected LUNA due to its symbiotic relationship with its sister asset. After reaching a high of $120 in early April, LUNAs value plummeted this week to basically zero.

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Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

Breaking: Terra blockchain officially halted following LUNA price collapse

Leaked report: South Korea to establish crypto framework by 2024

Meta will test digital collectibles on Instagram starting this week

Blockchain games take on the mainstream: Heres how they can win

Helping Ukraine without donating: Lauras DeFi staking plan

Basic and weird: What the Metaverse is like right now

DeSci: Can crypto improve scientific research?

Satoshi may have needed an alias, but can we say the same?

Robinhood (NASDAQ:HOOD) shares spike 30% after Sam Bankman-Fried buys $650M stake

ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’

Blockchain games take on the mainstream: Heres how they can win

Helping Ukraine without donating: Lauras DeFi staking plan

Basic and weird: What the Metaverse is like right now

DeSci: Can crypto improve scientific research?

Satoshi may have needed an alias, but can we say the same?

Bitcoin macro bottom ‘not in yet’ warns analyst as BTC price holds $30K

Galaxy Digital reports $112M Q1 loss, citing crypto price volatility

‘Mortified’ crypto trader gets 42 months for fraud, claiming he was a total gun

Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain

Bitcoin 2022 Will the real maximalists please stand up?

Can Solana become the dominant PoS chain despite persistent outages?

What happened? Terra debacle exposes flaws plaguing the crypto industry

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