Terra collapsed because it used hubris for collateral — Knifefight – Cointelegraph Magazine

[ad_1] The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto right now. Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big, why it imploded, what it means for the markets, and what you need to know to keep yourself safe from similar

What Was Bitcoin Savings & Loan?

[ad_1] Reading Time: 4 minutes Bitcoin Savings & Loan was the first Bitcoin investment scam to be prosecuted in the U.S. The Ponzi scheme was created and operated by Trendon Shavers – aka Pirate40 Bitcoin Savings & Loan defrauded dozens of users out of hundreds of thousands of bitcoin Bitcoin Savings & Loan is a name that will give many Bitcoin OGs a wry smile, but it is one that