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
At the time of writing, the price of LUNC was $0.0003, down 17% in the previous 24 hours. Today, at 9:00 a.m., it is trading at $0.0003559, quite bullish, with one target of 0.001 before the LUNC burn. Nowadays Terra Classic (LUNC) is trending. As people have thought that the
Terra (LUNA), with a gain of 209.48%, is the top gainer. The top 5 gainers have seen their prices rise today. The top 5 cryptocurrencies of the day are Terra (LUNA), Ravencoin (RVN), STEPN (GMT), yearn. finance (YFI) and Stellar (XLM). Terra (LUNA) Terra, a blockchain ecosystem founded by Terraform
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,
Public Bitcoin miners sold 4,456 BTC in May alone. 3AC owes lenders 18,193 BTC and the equivalent of 22,054 BTC in GBTC. Since May 10, the largest institutions have sold up to 236,237 Bitcoin (BTC), worth $5.541 billion at the time of writing, some often as a result of forced
Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether
KuCoin exchange just completed a $150 million fundraising. Spot Grid’s PRO version has been launched by KuCoin. The cryptocurrency exchange KuCoin has denied claims that withdrawals would be halted on their platform due to significant losses caused as a result of the LUNA disaster. The CEO of KuCoin, Johnny Lyu,
The Do Kwon fraudulent investigation began. Kwon was discovered to have stolen revenue by avoiding 50 billion won ($39 million) in taxes. Do Kwon is being investigated for tax fraud by the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team. The National Tax Service discovered that
South Korea’s National Tax Service ordered Kwon to pay 100 billion won. Terra employees confirmed that $80 million was transferred. Terra LUNA’s dramatic crash grabbed US Security Exchange Commission’s (SEC) attention and SEC reported that Terra LUNA founder Do Kwon was involved in money laundering activities. Terra employees reportedly confirmed
TRL held over 200 stakeholders of the Terra Blockchain community. The disorganized chat created more muddles and misunderstandings. Terra stayed as the constant topic of discussion for more than a month, everyone assumes that they know the whole story, Do they? Terraform Lab (TFL) doesn’t seem to be as genuine
