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Search Results for: Terra

Binance Burns 2.21B Terra Luna Classic (LUNC) in 19th Burn Batch

In the 19th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.21 billion Terra Luna Classic (LUNC) tokens. This brings the total number of tokens burnt by the Terra Luna Classic community to over 102 billion, while the net burn by the crypto exchange reaches over 53 billion.

March 2, 2024 1 min read

Terra Classic (LUNC) Price Prediction 2024, 2025, 2026-2030

In this Terra Classic (LUNC) price prediction 2024, 2025, 2026-2030, we will analyze the price patterns of LUNC by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.  TABLE OF CONTENTS INTRODUCTION Terra Classic (LUNC) Current Market Status What is Terra Classic (LUNC)? Terra

February 22, 2024 7 mins read

Montenegro Court Overturns Extradition Order for Terra Co-founder Do Kwon

A court in Montenegro has approved an appeal by Terra co-founder Do Kwon to deny extradition, sending the matter back to the initial place for a new trial and eventual conclusion. In a filing dated February 8, the Montenegrin Court of Appeals overturned an earlier ruling by the Montenegro High

February 9, 2024 1 min read

Montenegro Authorities Extradite Former Terra CFO To South Korea

After spending time in jail in Montenegro, Han Chang-joon, the former chief financial officer of Terraform Labs, was extradited to South Korea. Both Terraform Labs and its co-founder, Do Kwon, were detained in March for trying to leave using phony passports. This additional twist adds another degree of complication to

February 5, 2024 1 min read

Binance Burns 2.1B Terra Luna Classic (LUNC) Tokens in 18th Batch

In the 18th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.1 billion Terra Luna Classic (LUNC) tokens. With almost 50 billion LUNC burnt so far, the crypto exchange accounts for 52.4% of all tokens burned by the Terra Luna Classic community. The Terra Luna Classic community has

February 4, 2024 1 min read

Terra Luna Classic (LUNC) Burn Hits 95 Billion Threshold

Since May 2022, the LUNC burn campaign within the Terra Luna Classic community has surpassed 95 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. By far, Binance has contributed more than 51.7% of the total burn, or about 50 billion LUNC. By

January 28, 2024 1 min read

Do Kwon’s Terraform Labs Seeks Bankruptcy Protection

Terraform Labs, the entity responsible for the now-defunct stablecoin TerraUSD (USTC), has officially filed for Chapter 11 bankruptcy protection in the United States, according to a court document submitted on January 21. The Singapore-based company, known for creating TerraUSD, listed its assets and liabilities in the range of $100 million

January 22, 2024 1 min read

Montenegro Court Revokes Extradition of Terraform’s Do Kwon

A Montenegro court has revoked the decision to extradite Do Kwon, co-founder of Terraform Labs, to either the U.S or South Korea. The decision of the High Court of Podgorica to approve Kwon’s extradition to either the United States or South Korea was annulled on December 14 by the Appellate

December 20, 2023 1 min read

Terra Luna Classic (LUNC) Reaches 85 Billion LUNC Burn Milestone

From May 18, 2022, till the present, the Terra Luna Classic community has burned 85 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. Almost 43.6 billion LUNC, or more than 51% of the total LUNC burnt thus far, have come from Binance.

December 9, 2023 2 mins read