34 min
#44 - UST & LUNA: What happened & what comes next Law of Code
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- Technology
The Collapse of UST and LUNA - This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion was wiped off the total cryptocurrency market cap. A calculated attack on UST triggered Terra's LUNA to crash more than 99% over the past few days. This caused a corresponding fall and de-pegging in the price of UST, Terra's algorithmic, decentralized stablecoin.
This episode offers a deep dive into the events behind the $500 billion+ loss of value in the crypto space, as well as insight into how UST & Luna worked. We also cover the most recent updates in the crypto law space, including an NFT ruling from the UK and a DAO lawsuit in California. This episode pulled insights from the CryptoLaw Newsletter, Jake Chervinsky, Wassie Lawyer, @OnChainWizard, @ItsAlwaysZonny, and @tatianakoffman.
If you enjoyed this episode, please consider leaving a review or letting me know (@JacobRobinsonJD). You can subscribe to our newsletter to stay updated on the latest episodes.
Thanks to our sponsor - Hedera Hashgraph (@Hedera). Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy. They are looking to add bright legal minds to their team. You can review the available openings at hedera.com/future. When you apply, be sure to mention you heard about it on the Law of Code podcast!
The Collapse of UST and LUNA - This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion was wiped off the total cryptocurrency market cap. A calculated attack on UST triggered Terra's LUNA to crash more than 99% over the past few days. This caused a corresponding fall and de-pegging in the price of UST, Terra's algorithmic, decentralized stablecoin.
This episode offers a deep dive into the events behind the $500 billion+ loss of value in the crypto space, as well as insight into how UST & Luna worked. We also cover the most recent updates in the crypto law space, including an NFT ruling from the UK and a DAO lawsuit in California. This episode pulled insights from the CryptoLaw Newsletter, Jake Chervinsky, Wassie Lawyer, @OnChainWizard, @ItsAlwaysZonny, and @tatianakoffman.
If you enjoyed this episode, please consider leaving a review or letting me know (@JacobRobinsonJD). You can subscribe to our newsletter to stay updated on the latest episodes.
Thanks to our sponsor - Hedera Hashgraph (@Hedera). Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy. They are looking to add bright legal minds to their team. You can review the available openings at hedera.com/future. When you apply, be sure to mention you heard about it on the Law of Code podcast!
34 min