Cryptocurrency
A LUNAtic is born !
By Growing your tree of prosperity  •  May 11, 2022
Yesterday morning, the other Dr Wealth Crypto trainer messaged me on FB and told me of the depegging event for UST. I checked Yahoo Finance, and yes indeed, the worst has come to pass in the Cryptocurrency landscape. One of the most viral stablecoins UST has lost it's peg to the USD ! This depegging of UST from one USD is possibly the biggest event in crypto as it proves that algorithmic stablecoins are not exactly stable over the long term. I assessed the damage to my holdings. I lost about $5k from the entire depegging process in my $30k cryptocurrency account. It's a drop in the ocean because I was only ready to hit 1% of my assets in Crypto by the end of the year, so I have little skin in the game as of now.  While most of these losses are in UST Anchor protocol, it was my liquidity pools which took most of the damage.
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By Growing your tree of prosperity
I have recently completed my Juris Doctor and I am waiting to be called by the Singapore Bar. For the past 15 years I was an IT manager and I have worked in multinationals, financial exchanges, trade unions and even a government agency. I started my career as an AS/400 administrator and moved on to manage IT projects and operations
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