A Montenegrin court upheld the extradition of Do Kwon, founder of Terra Labs. The U.S. and South Korea both requested extradition, and a Montenegro minister will decide which country gets him. Montenegro Minister to Decide Do Kwon's Next Destination The Montenegrin Constitutional Court unanimously dismissed jailed Terra Labs founder Do Kwon's appeal against his extradition.

The court rejected Do Kwon's appeal of a Supreme Court ruling that gave the Justice Minister authority over his extradition.

Montenegro's Constitutional Court has rejected an appeal by Do Kwon, the co-founder of Terraform Labs, against his extradition. This decision removes a significant legal barrier in the extradition process.

The court's unanimous verdict essentially upheld an earlier finding supporting Kwon's extradition. Kwon's legal destiny is now hanging in the balance after the Montenegrin court's ruling.

The SEC and Terraform Labs reached a $4.47 billion penalty, thereby settling charges over the collapse of TerraUSD and Luna tokens.

Story Highlights The live price of the LUNC crypto token is . Terra Classic price is expected to reach as high as $0.000675 by the end of 2024. LUNC price could surge to a maximum of $0.00212 by the end of 2030.

Montenegro's Constitutional Court has rejected an appeal by crypto mogul Do Kwon, paving the way for a decision on his extradition to either the U.S. or South Korea.

Montenegro's Constitutional Court has rejected an appeal by Do Kwon, co-founder of Terraform Labs, against his extradition ruling. This ruling solidifies the authority of the country's Minister of Justice to decide Kwon's fate—whether Kwon will be extradited to South Korea or the United States to face charges.

Montenegro's Constitutional Court rejects Do Kwon's appeal, reinforcing his extradition amid dual US and Korea claims.

Montenegro's Constitutional Court has rejected an appeal by Kwon Do-hyeong, widely known as Do Kwon. The post Montenegro's Constitutional Court Rejects Do Kwon's Appeal Against Extradition Verdict appeared first on Cryptonews.

LUNC burns 20M tokens daily, reaching 394B total burned, while the price stabilizes at $0.00011. What's next?

This partnership marks an innovative move as Luna takes on a key role: running Story Protocol's Twitter account. The best part?

The Securities and Exchange Commission has charged a subsidiary of Jump Crypto, Tai Mo Shan Limited, with misleading investors about Terra USD (UST) after the stablecoin lost its $1 peg. The regulator alleges that Tai Mo Shan participated in trading designed to create the false impression UST's advertised algorithm solely sustained its price.

The SEC fined Tai Mo Shan Limited, a wholly owned subsidiary of Jump Crypto Holdings, $123 million for misleading investors about the stability of Terra USD, an alleged “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform).

A contentious proposal within the Terra Luna community seeks to increase the burn tax from 0.5% to 1.5%, with community members divided over its potential impact on network activity and token value.

The Terra Luna Classic community is voting on the controversial proposal to increase the burn tax from 0.5% to 1.5% again. This can significantly boost LUNC and USTC burn rates, increase funds in the Community pool and Oracle pool, and trigger a rally in LUNC price.

Digital asset exchange Binance has supported a major Terra Luna Classic upgrade on its platform. Recently, Terra has rolled out new updates as the community tries to revive the ecosystem after the infamous implosion in 2022 that saw huge losses.

Major cryptocurrency exchanges, led by Binance, are supporting Terra Classic's v3.3.0 network upgrade, which introduces automated tax handling and improved developer tools while maintaining steady progress in token burning initiatives.

The world's largest crypto exchange Binance on Tuesday said it will support the Terra Classic (LUNC) network scheduled for today. The v3.3.0 upgrade is crucial for the chain and the community for tax handling and boosting utility by attracting developers and projects.

LUNC News: Terra Luna Classic has started voting on the major proposal to update the CoinMarketCap dashboard with valid details. This comes ahead of the major v3.3.0 upgrade related to simplifying tax handling and increasing utility.

Story Highlights The live price of the LUNA token is . LUNA price might hit a maximum of $0.95 in 2024. Terra LUNA 2.0 price with a potential surge, could go as high as $4.98 by 2030.

Luna's breakout fuels optimism, but critical resistance and market sentiment will determine its trajectory.

LUNC price recovery accelerated this week as it jumped to its March highs. A forming technical chart points to a potential 60% jump, a view that is supported by the ongoing Terra Classic token burn.

Terra Luna Classic community votes on a major proposal to upgrade the chain for simplified tax handling and security. This update will also help developers and dapps from the broader Cosmos ecosystem to build on the Terra Classic network.

LUNA's price surged 30.58% in 24 hours, breaking out of its descending channel and approaching resistance at $0.895, with technical indicators and increased social interest supporting the upward movement.

Digital assets hovered in the green on Thursday as Bitcoin finally hit the $100,000 milestone, currently trading at $102,835. Terra Luna joined the upside journey, soaring 21.13% on its daily chart as it climbed from $0.6520 to $0.7898.

LUNA's golden cross and breakout suggested a potential rally towards $1.50.

Terra Classic (LUNC) price has experienced a significant surge recently, riding the wave of a broader cryptocurrency market rally. This upswing has caught the attention of investors as bullish market trends dominate December.

Though noted for its long-term volatility and for failing to participate in the 2024 bull market since early March, Terra Classic (LUNC) has made great strides in recent weeks.

Virtuals Protocol, a decentralized platform that allows users to create, own, and monetize AI agents across various virtual environments, is seeing over 1,000 tokens being created every day.

Binance has again extended its care for the Terra community following Terraform Labs' bankruptcy. According to the latest announcement, the leading crypto exchange has expanded leverage for trading LUNA by four times. Binance raises LUNA leverage to 75x The Terra Luna community sees more bullish news amid continued broad market rallies.

Terra Classic (LUNC) has struggled to maintain prices throughout 2024. Various measures have been implemented to stabilize LUNC's prices — most notably, token burns aimed at reducing supply and thus increasing value.

Bitcoin has begun it's journey to achieve the much-awaited milestone at $100K. Meanwhile, the top altcoins have also begun to swell. Etheruem strongly sustains above $3600, displaying huge possibility of reaching $4000 in a short while.

LUNC News: The world's largest crypto exchange Binance has increased leverage by four times for Terra (LUNA) trading. The move comes as the exchange extended support for the Terra Luna community amid the bankruptcy of Terraform Labs.

Terra Luna Classic price has risen gradually after bottoming in August, and analysts are optimistic that it has more upside. Terra Luna Classic (LUNC), the remnant of the collapsed Terra network, climbed to $0.

While the SEC touts its enforcement as a win for investors, the crypto industry is rejoicing over Chair Gary Gensler's imminent departure.

Terraform Labs' near $4.5 billion settlement with the SEC has contributed to a record year for the agency's financial penalties.

Terraform Labs' $4.5 billion settlement with the SEC contributed to a record year for the agency's financial penalties.

The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023.

Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments.

Terra Classic price has surged significantly, aligning with November's broader crypto market rally. This bullish trend has sparked optimism among investors, with the potential for a 170% rally.

Terra Luna Classic has gained investors' attention lately, especially with the soaring volume of the token. According to reports, the weekly volume of Terra Classic soared past the 2.27 trillion mark on Binance last week, sparking optimism over LUNC price's potential rally to $0.0005 next.

Terra Luna Classic price has remained under pressure in the past few days, as it retreated by 10.95% from its highest level this week. LUNC, the remnant of the collapsed Terra network, was trading at the psychologically important support level at $0.00010.

Terra Classic (LUNC) price has surged sharply over the past week, fueled by a broader crypto market rally. This bullish November trend is capturing the attention of investors, and analysts anticipate further upward momentum.

Terra Classic (LUNC) joined the latest rally that saw Bitcoin topping $80K for the first time in history. As altcoin bulls flexed their muscles, LUNC gained over 20% on its weekly chart. Ecosystem developments such as intensified token burns and broad market rallies contributed to LUNC's prevailing performance.

Terra Classic registered double-digit growth last week, but the trend might change soon.

Why is the major upgrade by Orbit Labs of crucial importance to Terra Luna Classic's chain revitalization path?