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LUNC News: Terra Luna Classic successfully completed the v3.1.5 upgrade offering improvements including a critical security fix for wasmd, improved transaction efficiency, and preparedness for Tax2Gas implementation. The world's largest crypto exchange Binance expressed support for the Terra Luna Classic security upgrade.
Binance announces support for the Terra Classic (LUNC) network upgrade, affecting deposits and withdrawals temporarily on September 18, 2024.
The team of developers that took over from the Terra Luna Foundation to build a robust web3 ecosystem has made significant strides in the Terra Luna Classic (LUNC) network.
Unpacking the forthcoming reshaping of Terra Luna Classic's governance module: a necessary step against spam?
The Terra Luna Classic community has unveiled a proposal, that appears to have fueled optimism among market participants. The proposed upgrade aims to correct a major issue that was implemented mistakenly in a previous upgrade.
Terra Classic (LUNC) price is experiencing a downturn after several weeks of market recovery. This decline coincides with a broader downward movement in the cryptocurrency sector.
Terra Luna Classic popular member and validator Vegas Morph has unveiled a proposal to repeg USTC to $1. This sparked bullish sentiment in the community, with LUNC price gaining further upside momentum after rising 15% in a week.
Montenegro's Supreme Court is reportedly set to decide by the end of this month whether the extradition process of Do Kwon involved legal violations.
Terra Classic's breakout potential strengthens with technical indicators and growing on-chain activity.
The U.S. Securities and Exchange Commission (SEC) hit cryptocurrency entities with record fines in 2024, highlighting the growing financial risk for companies that fail to comply with regulatory standards. What happened: According to a study released by cryptocurrency analytics firm Social Capital Markets, the regulator has issued over $7.42 billion in fines since 2013, with $4.68 billion, or around 63%, coming this year alone.
The grandiose LUNC burn stems from SEC's ruling that TerraForm must cease operations and get rid of their digital assets.
Terraform Labs' $4.47 billion fine in 2024 has already helped this year become the record year in terms of total financial penalties.
The LUNA and LUNC price rallied nearly over 14% and 9% today, respectively, gaining notable traction from the investors. Meanwhile, the robust rally has also left many investors looking for potential reasons behind the surge.
In a recent interview, President Jakov Milatović of Montenegro accused Prime Minister Milojko Spajić of lying about his knowledge of Do Kwon, the controversial co-founder of Terraform Labs, during a pivotal moment surrounding Kwon's arrest in Podgorica.
Terra Luna Classic community awaits massive USTC and LUNC burn by Terraform Labs (TFL) as per the Chapter 11 bankruptcy and court order in the U.S. SEC case. While the actual amount of Terra ecosystem tokens to be burned remains uncertain, Terra Classic members claim it's over 1 billion USTC and 275 billion LUNC tokens.
Luna Classic continues to garner support within the crypto community as many aim for a price surge. However, chances of this appear unlikely as several catalysts to the price surge are absent from the ecosystem.
Genuine Labs addressed internal fights as the main reason behind the delay of the Tax2Gas proposal's implementation.
LUNC News: Terra Luna Classic core developer on Friday said it has completed work on Tax2Gas, an upcoming major upgrade that will boost the network as well as LUNC price. The core developer added that the expected date of the upgrade is still unclear unless satisfaction in testing on rebel testnet.
TerraForm Labs owned crypto wallet sends 1,075 Bitcoins to a new address, while Do Kwon remains stuck in Montenegro.
On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address (bc1q5) on Sept. 2.
Amid Terraform Labs' ongoing unwind and the extradition battle involving its founder Do Kwon, a wallet linked to both entities moved $62.8 million worth of Bitcoin.
Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 Bitcoin.
After weeks of downward pressure on its value, the Terra Classic (LUNC) price has started to show signs of recovery. This upward movement comes as other cryptocurrencies begin to recoup their recent losses.
Terra Luna Classic's centralization issues under the microscope: can validators set up a secondary node?
