[Breaking] USDC is being depegged. GG crypto

[littlegrasshopper]

i not saying mining card is bad , i mean jet wash mining card haha
but is both cards is selling at same price i rather not buy the mining card
https://www.techspot.com/news/96090-part-refurbishing-process-crypto-miners-blast-gpus-pressure.html

SG got people mining gpu? So hot + electricity so ex. And 80% lives in hdbs. Where to find pressure washer? Borrow from bangalas during block washing? Relax la.

 

[Sauron]

Stable is such a misnomer

 

[maikumgong]

Ok leh, up down up down, now pretty stable at 0.9+… huat next?

 

[middleclass]

95 cents now

Whoever bought a lot at 90 cents huat big big

 

[Laneige]

Cause I'm deep in crypto .. literally all in 100k+. Because crypto was the next best invention besides the light bulb . Fast game fast moneh

Hope u draw out profits n now just spare cash

better plan yr move
See the history a lot waited n then wait til nothing ….

 

[Illusionist_85]

Cause I'm deep in crypto .. literally all in 100k+. Because crypto was the next best invention besides the light bulb . Fast game fast moneh

good luck getting your money back

 

[Alphas]

Usdc backed by US treasury bonds leh, not an algorithmic coin.

 

[Arsene_Wenger]

Just wondering if any edmw huat from crypto and retire?

 

[hardwriter]

another luna sagat?

These people who invest in cryptos are like cockroaches. Keep killing them and they just keep coming back with bad news.

 

[Victory89]

95 cents now

Whoever bought a lot at 90 cents huat big big

 

[endlssorrow]

It shouldn’t be here in the first place
So why worry if is gone

 

[ygsub41]

so tomorrw is it sea of red ma?
my warchest spilling out liao

 

[asmartng]

High risk high return. don't touch these if you're not ready

 

[dungeon_master]

actually USDC didn't scam or fraud wat... just that sway monies in a troubled bank.

What Happened to Terra?

• Terra was a blockchain ecosystem with a stablecoin token called TerraUSD(USDT) and a sister token called Luna.
• The pair of coins together formed an algorithmic stablecoin that aimed to maintain a value of 1 USD for each USDT by using a parallel floating rate cryptocurrency, Luna (LUNA), to back up the target peg.
• In May 2022, the value of Luna collapsed from over $120 a coin to effectively zero, wiping out over $50bn in market capitalization of UST/LUNA and causing over $400bn in losses for the broader cryptocurrency markets.

This is no different from how Scam-Blankman-Fraud created FTT out from thin air, backed up his FTX with his fictional FTT coins as "assets" and how his imaginary 36 billion crumbled once it unraveled.

Also why Do Kwon is on the run now - wanted by Interpol and South Korean authorities.

South Korean Authorities Say Terraform Labs CEO Do Kwon in Serbia: Report

South Korean authorities indicate that Terra's Do Kwon, also wanted by Interpol, moved to Serbia but could now be in a neighboring country.​

All these A holes are scammers and frauds in my book.

 

[jasonho26]

ppl talk abt USDC but nobody talk abt who controlled USDC.
BLACKROCK.

it is not time yet to bomb. there will be a fight between USDT and USDC. USDT will bust as it is controlled by CCP. USDC...future aint good imo.