As part of the Terra Classic V22 network update, the staking function became active. Within 24 hours following the update, more than 1% of the LUNC supply was staked. As opposed to its previous negative press, this time around the headlines about Terra Classic (LUNC) are all positive. The network
A 60-day bull run increased prices by a whopping 1,000% for BTT. The market value of Bittorent Token (BTT) dropped to $272 million in January 2021. On-chain and technical analysis of Terra’s LUNA price exhibit striking similarities to the bottom of BitTorrent Token in 2021, which triggered the notorious 10x
From its autumn high of roughly $110, Luna’s value plummeted to nothing. A resumption of the strong downturn is possible if the RSI breaks beyond 60. During recent times, Terra Luna Classic (LUNC) has been roaring. The token saw a 23.4% increase in anticipation of the upgrade on Aug 26,
Risk Harbor and Astroport (ASTRO), dropped by more than 93% and 99%. Over $31 billion has been lost in these protocols since then. Investors’ worst fears had come true with LUNA’s demise, as the whole cryptocurrency ecosystem took a severe hit. While the LUNA tragedy had received the most attention,
Burning newly-issued money made its way through the community. LUNC validators, had approved a proposal to update Terra to version 0.5.22. Upon the network’s demise, Terra underwent a radical metamorphosis. There are currently two networks available, Terra 2.0 (LUNA) and Terra Classic (LUNC). However, many crypto enthusiasts believe the coin
Members of the Terra Classic community have reportedly burnt 3.08 billion tokens. The upgrade was scheduled for around 2022-08-26 at 22:00 UTC. Since the community burn campaign has grown, the value of LUNC has increased by 13%. Luna Classic (LUNC) and UST Classic (USTC), two tokens in the Terra ecosystem,
Hodlnaut had $187 million in TerraUSD before it crashed to $0. The company reiterated that it had not placed any assets with Celsius. Hodlnaut, a cryptocurrency lending platform, froze withdrawals, token swaps, and deposits on August 8 citing market circumstances. The troubled company seeks Singapore creditor protection on Tuesday to
The firm bought 30 million LUNA in Terra early on and ended up losing. At its peak, the 30 million tokens bought by Hashed were valued around $3.6 billion. Hashed had a $3 billion loss on the Terra investment, according to new information from Bloomberg. According to Simon Seojoon Kim,
South Korea’s Ministry of Justice banned the officials of Terra from leaving the country. Do Kwon is issued notice to enter the country, who now lives in Singapore. The fall of UST initiated the bearish rally of the crypto market. Following the Crashdown of Terra(LUNA), the entire market dipped down
Class action complaint was filed by Bragar Eagel & Squire PC against the defendants. South Korean authorities raided 15 crypto firms and exchanges. Multiple cases have been filed against TerraForm Labs and its founder Do Kwon, the head of research Nicholas Platias, and linked companies that defrauded billions of dollars
