The Avalanche Foundation has successfully negotiated an agreement to repurchase 1.97 million AVAX tokens from the Luna Foundation Guard (LFG). This repurchase is significant, as it aims to reclaim tokens that were originally sold to LFG in April 2022. However, the deal is currently pending approval from the bankruptcy court
In order to deplete the supply, the Terra Luna Classic community proposes to burn 12 billion LUNC and 68 million USTC in contracts. Which include the Lido DAO rewards dispatcher. As part of the effort to revive and repeg to $1. The community has begun withdrawing LUNC and USTC from
The proposal to integrate Tax2Gas, which eliminates the need to separate tax processing and computation, has finally been approved by the Terra Luna Classic (LUNC) community. According to StrathCole and Genuine Labs, Tax2Gas will combine the tax with gas, simplifying things for dApp developers and others. Members of the Terra
The prime minister of Montenegro, Milojko Spajic, is in a controversy over his prior investment in Terraform Labs, a collapsed crypto firm founded by Kwon Do-hyung. Imprisoned in Montenegro in connection with the 2022 collapse of the company’s cryptocurrencies. Vijesti, the Montenegrin newspaper, reports a data sheet submitted to the
The cryptocurrency market is buzzing in June 2024 with notable movements from Polkadot, Bitcoin, and the emerging BlockDAG. Polkadot and Bitcoin are currently leading the market with substantial inflows into DOT and Bitcoin Spot ETFs. Amidst these major players, BlockDAG, a new Layer 1 project, is gaining attention with its
Render is battling a whale-driven sell-off, leading to a shaky outlook for RNDR prices. Injective (INJ) is returning, potentially igniting a bullish wave and raising hopes for INJ price forecasts. Amidst this fluctuation, investors are focusing on BlockDAG, hailed as the prime cryptocurrency pick for 2024. BlockDAG has successfully garnered
In the rollercoaster world of digital currencies, two coins paint contrasting pictures. Toncoin has enjoyed a modest 3% boost following Telegram’s unveiling of a new digital currency, STARS, igniting interest from developers and investors. Conversely, Shiba Inu has seen a dip, falling by 1.68% amid broader market downturns. Amidst these
The Luna Foundation Guard (LFG) address had a fund transfer of a substantial amount of digital assets. Around 1.974 million AVAX, approximately worth $71.2 million, and 39,499 BNB worth $23.5 million, were moved to an unknown address. Additionally, an insignificant amount of transfers were also recorded on the platform, as
An initiative to raise the burn tax to 1.5 percent was shot down by the Terra Luna Classic community. Regular suggestions to change the burn tax, particularly to raise its amount, have been met with community members’ dissatisfaction. Members of the Terra Luna Classic (LUNC) community have spoken out against
Saturday saw a tremendous increase in the price of Terra Luna Classic ecosystem tokens due to the removal of 1.85 billion USTC and 222 million LUNC tokens from circulation in the Luna Foundation Guard (LFG). In only a few hours, the price of LUNC surged by more than 10% and
