The Terra LUNA and UST dead down to $0, obviously could be the most highlighted tragedy upon the crypto industry for the year 2022. Many who were rich, came down crumbling. The Bitcoin (BTC) being tragically falling below $30K, waved the entire crypto industry too. Both from the stables of
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
Binance, the world’s largest crypto exchange, has announced its support for the Terra (LUNA) network upgrade. The Terra community has successfully passed the on-chain proposal for the Phoenix software upgrade v2.4, with a majority of votes in favor of the upgrade. As a result, the price of LUNA has witnessed
The decision by a South Korean district court that Terraform Labs’ native token, luna, is not a security has significant implications for the company and the wider cryptocurrency industry. The ruling comes after previous court discussions where authorities were on the fence about whether the Capital Markets Act applied to
A new report indicates that Do Kwon, the founder of Terraform Labs, has no assets that can be traced to him in his home country of South Korea. Kwon, who has been charged with fraud in both the United States and South Korea, was detained in Montenegro on November 23
As of Thursday, holders of Terra Classic (LUNC) and TerraClassicUSD (USTC) were distributed the second batch of Terra (LUNA) airdropped by the biggest cryptocurrency exchange in the world, Binance. The initial airdrop, which took place in May, is associated with Do Kwon’s “Terra Ecosystem Revival Plan 2,” which involves the
The native coin of the Terra ecosystem, Terra (LUNA), witnessed a more than 20% price surge in the last 24 hours. After attaining an all-time low at the end of August, LUNA’s price increased by over 88% today. Terra (LUNA) was airdropped on May 28 in anticipation of Terra Classic
The prosecutors are looking into the collapse of LUNA (now LUNC) and UST (now USTC). The judgement by prosecutors would aid legislators in the next crypto legislation. Prosecutors in South Korea have initiated a fresh probe and evaluation of Terra tokens to determine whether or not they qualify as securities.
Terra (LUNA) is getting close to the $10 goal thanks to the efforts of the Terra Community. The low for the last 24 hours is $1.90, and the high is $6.91. The price of Terra (LUNA) has nearly reached $7, a rise of almost 200% in a matter of hours.
Members of the community may utilize the bot function and get regular updates. The firm enabled LUNC staking last week, and the price of LUNC has skyrocketed. On Monday, troubled blockchain platform Terra announced the creation of a new Governance Alert Bot to keep the community acquainted with all the
