Bill Ackman calls Terra a ‘pyramid scheme’ and warns that ‘hyping’ this kind of token ‘will destroy the entire crypto industry’

The billionaire investor Bill Ackman looked under the hood at the “algorithm” of TerraUSD’s so-called stablecoin and wasn’t impressed. He says the community needs to “self-regulate” out schemes like this before crippling regulation comes down from outside. Read More