Terraform Labs has received the green light from a U.S. bankruptcy court to begin winding down its operations following the resolution of a prolonged legal case with the U.S. Securities and Exchange Commission (SEC), according to reports from September 19. The U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan,
While major cryptocurrencies, including Bitcoin, grapple with a downtrend in the market, the low-cap altcoin Terra Luna Classic (LUNC) has jumped to life with a significant breakout of a descending channel pattern. The cryptocurrency has gained nearly 12% (from $0.00005667 to $0.00006372) in intraday trading, and this unexpected surge has
While the global cryptocurrency market is still in a consolidation stage, the price of Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is surging. LUNC continues to be lifted by increased buying pressure. The price of Terra Classic has soared by around 21% in the last
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 crypto market volume increased by over 447% in the last 24 hours. Huobi Token surged over 75% within the last 7 days. Following the prolonged bear market and the more than 70% of losses, currently, the global cryptocurrency market is witnessing some recovery. Early today, cryptocurrencies were trading in
The market is still down despite the bulk of coins showing impressive recovery over the previous 24 hours. One of the coins that have been showing signs of good recovery at the moment is Shiba Inu (SHIB), which had been among the most negatively impacted by the bad market. The
New LUNA is trading at $5.31 and lost 73% from its all-time high of 19.54. India is the largest crypto investor country. When the algorithmic-stablecoin Terra collapsed, investors around the world lost billions of dollars. For an alternative, the founder of terra Do Kwon launched a new blockchain without the
