Three years after the implosion of the Terra ecosystem, the algorithmic stablecoin TerraUSDClassic (USTC) remains far from its intended $1 peg, raising questions about the viability of algorithmic stablecoins and...
30M LUNC Delegated: New support for Galaxy Station and Galaxy Finder. The Terra Classic Foundation recently announced a significant delegation of 30 million LUNC tokens to Hexxagon.io. This delegation empowers...
News media agency, Vijesti reported that court documents released by the U.S. Securities and Exchange Commission revealed Montenegrin Prime Minister Milojko Spajic as an early investor in Terraform Labs, the...
The crypto community is closely following the latest developments at FTX, the cryptocurrency exchange preparing to relaunch after its dramatic collapse. A recent X post by DeFi analyst Hanzo suggests...
Do Kwon’s departure from Terra and Terra Classic has sparked optimism and unity within the community, as control of the projects shifts towards a decentralized, community-driven model. As highlighted by...
The Terra Luna Classic (LUNC) community is voting on a proposal to revise the distribution of its burn tax. This pay-per-job (PPJ) proposal, submitted by developer Frag from Genuine Labs,...
LUNC price has been on the rise in the last 24 hours, fueled by activity within the Terra Luna Classic ecosystem such as Binance burning its token and the release...
Terraform Labs and its CEO, Do Kwon, have reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC) over fraud charges. This development follows a jury verdict in...
In a recent study, Deutsche Bank Research analysts concluded that most stablecoins failed, with only 14% surviving. Raising concerns regarding the future of stablecoins, the researchers posited, “Some may survive,...
The United States Securities and Exchange Commission (SEC) has moved to request billions of dollars in disgorgement and civil penalties from Do Kwon and Terraform Labs, the team behind the...
According to reports, the Podgorica High Court in Montenegro has approved the extradition of Do Kwon, a prominent figure in the Terra Luna crash. The court fulfilled its part of...
The U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs (Terra) and its co-founder, Do Kwon, is nearing its conclusion as the jury trial approaches its final stages. As...
The civil fraud trial involving Terraform Labs’ Founder Do Kwon, reportedly began on Monday in Manhattan court. Media journalist Zack Guzman shared a series of X posts, providing more insights...
Authorities in Montenegro have announced plans to release Terra (LUNA) founder Do Kwon from prison soon. According to the announcement, Kwon would leave the prison but remain under house arrest....
With a recent 38% jump, Terra has captured the attention of the cryptocurrency community. Such increase has primarily been attributed to the latest legal development involving Do Kwon, the founder...
Terra (LUNA) faces a 7% price drop as Terraform Labs files for Chapter 11 bankruptcy, raising investor concerns. Despite the price decline, LUNA sees increased trading volume, hinting at potential...
In a recent development in the SEC-Terraform legal tussle, the Securities and Exchange Commission has agreed to delay the civil trial involving Terraform Labs and its co-founder, Do Kwon. The...
Crypto lawyer Bill Morgan acknowledged the thoughts of the co-CEO of Coin Routes, Dave Weisberger, with regard to Terra in a Twitter post. Both Morgan and Weisberger believe the significant...
Judge Jed S. Rakoff ruled Terraform Labs’ four tokens, including LUNA and UST, as unregistered securities. Attorney Rispoli commented that XRP would have also been deemed a security if Judge...
Terra’s tokens, LUNA, LUNC, and USTC, have witnessed a significant surge in their market prices. This unexpected uptick aligns closely with the recent legal developments involving Do Kwon, the former...
Do Kwon, the founder of Terraform Labs, has filed an appeal against the extradition decision of the High Court of Podgorica, the capital of Montenegro, according to reports. According to...
Lawyers representing Terraform Labs and Do Kwon have moved to strengthen their defense in the ongoing lawsuit brought by the U.S. Securities and Exchange Commission against the two. In a...
A federal judge overseeing the U.S. Securities and Exchange Commission‘s legal battle against Terraform Labs issued a mixed ruling permitting sealed document filings by crypto investment firm Jump Trading. Jump...
Bullish LUNA price prediction ranges from $0.300 to $3.00. Analysis suggests that the LUNA price might reach above $2.5446. The LUNA bearish market price prediction for 2023 is $0.3180. Terra...