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'description' => '<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Issue</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Luna, the sister cryptocurrency of algorithmic stable-coin Terra, has witnessed a sharp crash in its value.</span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Background</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The crash has been dubbed as severe as the big financial crisis of 2008 for cryptocurrency.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Details</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The stablecoins are considered to be safer bets within the crypto universe. Their fall has prompted regulators and authorities to call for stricter laws governing these assets.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Stablecoins</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stablecoins are tokens pegged to the value of a government-backed currency such as the US dollar or commodities like gold or silver.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">They give some amount of security to investors as they largely trade around $1 per token due to value proposition.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Terra stablecoin</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Terra is not similar to other stablecoins as it is not backed by a fiat currency or other commodities.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The value of Terra is not decided by financial collateral in the traditional markets but by lines of complex computer code.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">To stabilize Terra value, the algorithm incentivizes investors to take advantage of price changes between Terra and its sister token Luna.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>The recent crash</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The Terra coin fell below $1 mark, which put tremendous pressure on Luna currency for selling. This resulted in the currency losing all its value as investors sold it.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">About $40 billion from investors’ pockets has been wiped out due to Luna losing its value. This is significant since it was considered to be among the top ten tokens before the crash.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Impact of crash</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Investors have lost all their investments in Terra and Luna cryptocurrencies. Bitcoin has also seen its value fall below $27,000.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Impact on cryptocurrency investment</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">There are chances that regulators may tighten rules around investment in cryptocurrencies, especially stablecoins.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">There are calls for a consistent federal framework that will ensure stability and reduce risk for investors.</span></span></p>
</li>
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'description' => '<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Issue</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Luna, the sister cryptocurrency of algorithmic stable-coin Terra, has witnessed a sharp crash in its value.</span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Background</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The crash has been dubbed as severe as the big financial crisis of 2008 for cryptocurrency.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Details</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The stablecoins are considered to be safer bets within the crypto universe. Their fall has prompted regulators and authorities to call for stricter laws governing these assets.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Stablecoins</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stablecoins are tokens pegged to the value of a government-backed currency such as the US dollar or commodities like gold or silver.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">They give some amount of security to investors as they largely trade around $1 per token due to value proposition.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Terra stablecoin</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Terra is not similar to other stablecoins as it is not backed by a fiat currency or other commodities.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The value of Terra is not decided by financial collateral in the traditional markets but by lines of complex computer code.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">To stabilize Terra value, the algorithm incentivizes investors to take advantage of price changes between Terra and its sister token Luna.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>The recent crash</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The Terra coin fell below $1 mark, which put tremendous pressure on Luna currency for selling. This resulted in the currency losing all its value as investors sold it.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">About $40 billion from investors’ pockets has been wiped out due to Luna losing its value. This is significant since it was considered to be among the top ten tokens before the crash.</span></span></p>
</li>
</ul>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Impact of crash</strong></span></span></p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Investors have lost all their investments in Terra and Luna cryptocurrencies. Bitcoin has also seen its value fall below $27,000.</span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Impact on cryptocurrency investment</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">There are chances that regulators may tighten rules around investment in cryptocurrencies, especially stablecoins.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">There are calls for a consistent federal framework that will ensure stability and reduce risk for investors.</span></span></p>
</li>
</ul>
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