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Failed Terra Stablecoin Rescue Costs $2.9B

Ava Labs President John Wu joins Bloomberg’s Taylor Riggs and Sonali Basak to discuss the future of stablecoins after Terra’s implosion, and gives his take on the current crypto winter and volatility.

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Ava Labs President John Wu joins Bloomberg’s Taylor Riggs and Sonali Basak to discuss the future of stablecoins after Terra’s implosion, and gives his take on the current crypto winter and volatility.

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19 Comments

19 Comments

  1. Crypto Wire

    May 16, 2022 at 11:07 pm

    Luna, Is Going insane

    • AskCase

      May 17, 2022 at 12:09 am

      I didn’t know what a luna was until front page of WSJ. Now i have a ledger wallet and am learning about terra network and planning to buy some luna coin (lunatic coin ahaha, i like it) or is it a terra coin? I think terra is the tech platform. Obviously their idea of an algo stable coin failed but sometimes a bankruptcy (all OG investors wiped out) can bring in new owners to relaunch the company. I feel like this Defi world is more like a distributed company with employees and i agree what he is saying how the retail investor matters much more here.

  2. Nash Felix

    May 16, 2022 at 11:08 pm

    I keep on getting $380,000 every week from a new trading platforms in town.

    • Olivia Smith

      May 16, 2022 at 11:24 pm

      Expert traded my 1.2BTC to 2.6BTC in just 3weeks of Trading. Am buying a new house in Florida next week all thanks to Mrs Hilda.

    • Larbi BENLARBI

      May 16, 2022 at 11:38 pm

      @military base That’s just an INDIAN SCAMMER… He took all my money

    • Magaji Kolo

      May 16, 2022 at 11:47 pm

      How was your experience trading with mrs Hilda Zepeda?

    • celina ituah

      May 16, 2022 at 11:47 pm

      @Magaji Kolo My experience with mrs Hilda Zepede is the best and over the years trading with her has been so smooth. Trading with Mrs Hilda Zepeda makes me fulfilled because of the huge monthly profits am getting from my investment through mrs Hilda

    • Teresa Kaye

      May 16, 2022 at 11:49 pm

      She helped me recover what I lost trying to trade myself

  3. Crypto Wire

    May 16, 2022 at 11:08 pm

    I just covered Luna in my last video ????????

  4. TJ SoLetsGo

    May 16, 2022 at 11:10 pm

    No more FRACTIONAL RESERVES!!!

  5. Googlebanmetoomuch 2

    May 16, 2022 at 11:16 pm

    This is the entire point of defiance. No rules, no laws, no regulations. A currency owned by no one. If a bunch of people want to take thier money out there’s no reason why they can’t!????✊️

  6. pandu pujo

    May 16, 2022 at 11:32 pm

    Expecting more experiment? Tf he is thinking. In this every predatory experiment, a lot of money and future wasted

  7. Jojo Transelanin

    May 16, 2022 at 11:36 pm

    ফেলিসিডেস, এটি মিনাংকাবাউ উদাহরণ। 250 sentadillas son unos Kimmy-jka.Monster muchas y un buen ejercicio. 5:25 Dadi dejan ver que hay muy buenos ফলাফল ????????

  8. Stacy Wong

    May 17, 2022 at 12:43 am

    The crypto market has been unfavorable in the past weeks, I’ve lost a lot of money already and I’m most certainly impatient right now,How can i ever make a profit in cryptocurrency

    • Elvis Mark

      May 17, 2022 at 12:54 am

      I agree, day trading is complex when you have limited knowledge. But with the right strategy, you can earn a lot from it.

    • great williams

      May 17, 2022 at 12:56 am

      ????i ve Been using his signals, and so far they haven’t faltered in giving me good results

    • laura wei

      May 17, 2022 at 12:57 am

      I am never bothered about the current price I make a profit of 4.6 BTC he runs program for financial backers/novices who need understanding on how exchanging Bitcoin functions.

    • Harry Waterfall

      May 17, 2022 at 12:59 am

      I invested with Alvin too, he understands every beginners intention and fix you to a trading plan that matches your capacity

    • alex NG

      May 17, 2022 at 1:18 am

      Alvin’s daily signal is top-rated and one of the best you could get when it comes to trading crypto.. bitcoin to the moon

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Bloomberg Technology

Crusoe CEO: Data Center Indusry Has a ‘Marketing Issue’

Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and…

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Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and pushes back against growing opposition to data centers, arguing the industry has a “marketing issue” and needs to better communicate its impact on water, jobs and local tax revenue. He joins Ed Ludlow on “Bloomberg Tech.”
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Former FTC Technologist Warns Against an AI ‘Cartel’

As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and…

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As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and liability laws already provide tools for addressing harms caused by AI. He joins Ed Ludlow on “Bloomberg Tech.”
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Anthropic Investor Franklin: AI Safety Concerns Won’t Slow Spending

Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why…

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Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why heightened AI safety concerns could boost demand for cybersecurity and why she doesn’t expect the debate to derail funding or anticipated AI IPOs. She joins Ed Ludlow on “Bloomberg Tech.”
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