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Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.’

The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin.Since it launched in 2020, it had mostly done that, rarely straying more than a fraction of a penny from its intended price. That made it an island of stability, a place where traders and investors could stash their funds in between forays into the otherwise frenzied crypto market. This week TerraUSD became part of the frenzy too, slumping by more than a third on Monday and then tumbling as low as 23 cents on Wednesday.…

Stablecoins are struggling to survive the crypto crash

It’s been a crushing few days for the Terra project, in a week that has been unforgiving for cryptocurrency as a whole. Over the past few days, the TerraUSD (UST) stablecoin, which is meant to maintain a dollar peg, uncoupled dramatically from the $1 mark and dropped to a low of less than 30 cents on May 10th. In the latest update to the saga, the beleaguered project put its entire blockchain on halt for around two hours on Thursday, freezing user funds until the blockchain was unpaused. The Terra blockchain was…

China Eastern Airlines Resumes Boeing 737-800 Flights After March Crash

Image used for representation. (Image: Reuters)China Eastern Airlines has said it had conducted systematic tests, structural checkups, and verified airworthiness data for each of the Boeing 737-800 aircraftsReuters Last Updated:April 18, 2022, 18:01 ISTFOLLOW US ON:China Eastern Airlines has started putting its Boeing 737-800 jetliners back in use for commercial flights less than a month since a crash killed 132 people and led the company to ground 223 of the aircraft, the carrier said on Sunday. The airline said it had…

Ingenuity Mars helicopter visits Perseverance landing gear crash site

On April 19, 2022, the one-year anniversary of its first flight, NASA's Ingenuity Mars helicopter visited and took images of the crash site of the protective aeroshell and parachute that helped deliver it and the Perseverance rover to the Red Planet.When the Perseverance rover touched down on Mars on February 18, 2021, it was the culmination of an intricate, fiery, technological ballet. When the spacecraft hit the Martian atmosphere at hypersonic speed, it was protected by a polymer heat shield and a conical aerospace…

Rocket Set to Crash on Moon Built by China, Not SpaceX, Say Astronomers in Course Correction

Astronomy experts say they originally misread the secrets of the night sky last month: it turns out that a rocket expected to crash into the Moon in early March was built by China, not SpaceX.A rocket will indeed strike the lunar surface on March 4, but contrary to what had been announced, it was built not by Elon Musk's company, but by Beijing, experts now say.The rocket is now said to be 2014-065B, the booster for the Chang'e 5-T1, launched in 2014 as part of the Chinese space agency's lunar exploration programme.The…

ISS Could Crash in India: Russian Space Chief Warns After US Sanctions Over Ukraine Invasion

Russia's space agency chief has warned the US that the slew of sanctions imposed on Moscow can "destroy our cooperation" on the International Space Station (ISS) and asked Washington if it wants to threaten India and China with the "possibility of a 500-tonne structure falling" on them.Russia and the US are the major partners in the ISS programme, which also includes Canada, Japan, and several European nations like France, Italy, and Spain. The US and its allies have decided to block assets of four large Russian banks,…

Crash tests show that proper repair is crucial for safety

The two test cars were equipped with a number of different advanced sensors to be able to record all the necessary data. The vehicles were also 3D-scanned both before and after the crash tests. Credit: Harald Sauvik Researchers at the University of Agder (UiA) conducted two full-scale crash tests at Farsund Airport Lista in December 2021. Preliminary findings show that vehicles that have been incorrectly repaired after a…

China regulator says 14,684 Teslas recalled for crash risk

A 2021 Tesla Model 3 sedan sits in a near-empty lot at a Tesla dealership in Littleton, Colo. June 27, 2021. Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, its second recall this month, China's market regulator said Friday, April 29, 2022. Credit: AP Photo/David Zalubowski, File Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, China's market…