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SVTPerformance's Chain of Restaurants
Road Side Pub
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<blockquote data-quote="Weather Man" data-source="post: 16772005" data-attributes="member: 137766"><p><h3>Terra briefly halts transactions on blockchain as tokens become nearly worthless</h3><p>May 12, 2022 2:30 PM ET<a href="https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ALUNA-USD" target="_blank">Terra (LUNA-USD)</a>, <a href="https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AUST-USD" target="_blank">UST-USD</a>By: <a href="https://seekingalpha.com/user/54370868/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Max Gottlich</a>, SA News Editor<a href="https://seekingalpha.com/news/3837981-terra-halts-transactions-on-blockchain-as-tokens-become-nearly-worthless#comments" target="_blank">54 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/925786078/image_925786078.jpg?io=getty-c-w750" alt="Bitcoin financial decline with golden coin" class="fr-fic fr-dii fr-draggable " style="" /></p><p>matejmo/iStock via Getty Images</p><p></p><ul> <li data-xf-list-type="ul">The Terra blockchain on Thursday has been temporarily halted as the price of Terra coins (<a href="https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">LUNA-USD</a>) collapse to near zero.</li> <li data-xf-list-type="ul">LUNAs are changing hands at one cent in afternoon trading, compared with its record high of $116.43 in the beginning of April.</li> <li data-xf-list-type="ul">Specifically, the price of Terra (<a href="https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">LUNA-USD</a>), a governance token, has fallen too low to offset potential governance attacks "following severe $LUNA inflation and a significantly reduced cost of attack," according to a Twitter <a href="https://twitter.com/terra_money/status/1524785058296778752" target="_blank">post</a> from Terraform Labs. “The Terra blockchain was officially halted at a block height of 7603700.”</li> <li data-xf-list-type="ul"><strong>Update at 2:30 PM ET: </strong>"The Terra blockchain has resumed block production," according to a <a href="https://twitter.com/terra_money" target="_blank">tweet</a>.</li> <li data-xf-list-type="ul">TerraUSD (<a href="https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">UST-USD</a>), the sister token of LUNA, is also nosediving 41% to $0.39, an overall decline of 61% from its peg to the U.S. dollar. Speculators are awaiting Do Kwon's, the founder of Terraform Labs, <a href="https://seekingalpha.com/news/3836659-as-terra-ust-stablecoin-continues-to-plunge-backer-says-rescue-plan-in-the-works?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">rescue plan</a>.</li> <li data-xf-list-type="ul">Earlier this week, (May 11) Terra's nearly 100% drop has the rest of the <a href="https://seekingalpha.com/news/3836788-terras-nearly-100-drop-has-rest-of-crypto-market-on-edge-bitcoin-under-30k?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1" target="_blank">crypto market on edge</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16772005, member: 137766"] [HEADING=2]Terra briefly halts transactions on blockchain as tokens become nearly worthless[/HEADING] May 12, 2022 2:30 PM ET[URL='https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ALUNA-USD']Terra (LUNA-USD)[/URL], [URL='https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AUST-USD']UST-USD[/URL]By: [URL='https://seekingalpha.com/user/54370868/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Max Gottlich[/URL], SA News Editor[URL='https://seekingalpha.com/news/3837981-terra-halts-transactions-on-blockchain-as-tokens-become-nearly-worthless#comments']54 Comments[/URL] [IMG alt="Bitcoin financial decline with golden coin"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/925786078/image_925786078.jpg?io=getty-c-w750[/IMG] matejmo/iStock via Getty Images [LIST] [*]The Terra blockchain on Thursday has been temporarily halted as the price of Terra coins ([URL='https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']LUNA-USD[/URL]) collapse to near zero. [*]LUNAs are changing hands at one cent in afternoon trading, compared with its record high of $116.43 in the beginning of April. [*]Specifically, the price of Terra ([URL='https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']LUNA-USD[/URL]), a governance token, has fallen too low to offset potential governance attacks "following severe $LUNA inflation and a significantly reduced cost of attack," according to a Twitter [URL='https://twitter.com/terra_money/status/1524785058296778752']post[/URL] from Terraform Labs. “The Terra blockchain was officially halted at a block height of 7603700.” [*][B]Update at 2:30 PM ET: [/B]"The Terra blockchain has resumed block production," according to a [URL='https://twitter.com/terra_money']tweet[/URL]. [*]TerraUSD ([URL='https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']UST-USD[/URL]), the sister token of LUNA, is also nosediving 41% to $0.39, an overall decline of 61% from its peg to the U.S. dollar. Speculators are awaiting Do Kwon's, the founder of Terraform Labs, [URL='https://seekingalpha.com/news/3836659-as-terra-ust-stablecoin-continues-to-plunge-backer-says-rescue-plan-in-the-works?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']rescue plan[/URL]. [*]Earlier this week, (May 11) Terra's nearly 100% drop has the rest of the [URL='https://seekingalpha.com/news/3836788-terras-nearly-100-drop-has-rest-of-crypto-market-on-edge-bitcoin-under-30k?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1']crypto market on edge[/URL]. [/LIST] [/QUOTE]
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