KaJ Labs, the key creator of the Lithosphere blockchain, has pledged $50-$100M. In all, 6.6 billion LUNC tokens have been destroyed so far. The price of Terra Classic (LUNC) has increased from its 24-hour low of $0.00025 to its new high of $0.00029. That is a gain of over 10%.
The Terraform representative accused South Korean prosecutors of exceeding their jurisdiction. The spokesman says the case regarding Do Kwon is ‘highly politicized.’ The Terraform Labs representative recently claimed in a statement that the South Korean authorities are overstepping their bounds by obtaining a warrant for the detention of Terra founder,
Upbit’s Luna Fee Utilization Committee has agreed to split transaction fees. A white paper explaining what led to the LUNA problem is part of the near-term agenda. Upbit, the leading cryptocurrency exchange in South Korea, has a plan to split the about $4.6 million in Terra LUNA transaction fees it
3313 BTC was transferred to both the Kucoin and OKX wallets. This was allegedly done shortly after Kwon’s arrest warrant was issued on September 14th. Luna Foundation Guard [LFG] transferred 3313 Bitcoins worth over $69 million to two cryptocurrency exchanges operating outside of South Korea. This was allegedly done shortly
Binance adopted the Terra Classic burn mechanism on Trading Fees. LUNC increased by 161% from the previous month. Finally, the LUNC community’s most awaited response from Binance CEO Changpeng Zhao (CZ) on the proposal of burning trading fees has come true on Monday. Binance announced that the exchange would create
Interpol demanded the law enforcement agencies find and detain Do Kwon. According to authorities, Kwon is accused of defrauding investors’ money in the country. The arrest of Terraform Labs founder Do Kwon has been demanded by regulators globally. Now, the South Korean authorities have said that the International Criminal Police
The community is pushing Binance to allow the tax burn on off-chain. The price of Terra Classic (LUNC) dropped by roughly 10% in an hour. In an Ask Me Anything session on Friday, Binance CEO “CZ” claimed the cryptocurrency exchange will not be implementing the 1.2% tax burn for off-chain
Draft for regulating stablecoins is seemingly to ban algorithmic stablecoins. Strict regulation to follow for both banking and non-banking issued stablecoins. U.S House of Representative draft for stablecoins regulation is seemingly to ban algorithmic stablecoins for two years, as per the draft received by Bloomberg. The voting is expected to
According To South Korean prosecutors, Kwon is obviously on the run. He is refusing to participate with the investigation. Do Kwon, the founder of Terraform Labs accused of fraud following the dramatic collapse of the firm’s cryptocurrencies in May, is clearly on the run, according to South Korean prosecutors. And
To avoid further damage, TerraForm Labs deactivated the exchanges between LUNC and USTC. Burning 1.2% of tax will help the exchange to the first step toward making the asset deflationary. In a post Terra Classic community members Edward Kim and Alex Forshaw have revealed a rough roadmap of the community-driven
