Around the world, crypto-haters are cackling euphorically. Over the past few weeks, a number of dodgy crypto schemes have unraveled, potentially giving them the ammunition needed to conduct a much-anticipated “crypto crackdown”.
This is not necessarily a bad thing. As we will show today, things had gotten fairly out of control in the “CeFi” (centralized finance) world. Many crypto investors were deceived by schemes such as “high-yield stablecoin lending”. These platforms sounded relatively safe, but it turns out that nearly all of their claims were too good to be true.
Exhibit A is Terra-Luna, the ~$50 billion trainwreck we covered a few weeks ago. Both retail investors and professionals were caught unaware by its sudden collapse.
Many of the problems with Terra-Luna were focused on Anchor Protocol. On Anchor, you could stake/lend your crypto assets and earn up to 20% yields. Here’s how Terra-Luna described Anchor Protocol on its “Ecosystem” page, where the platform was featured...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...