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Everyday there is news that is dedicated to either Terra Classic or its co-founder Do Kwon who is reportedly on the run. Do Kwon left South Africa after Terra network collapsed in May this year and has been moving around.
Terraform Labs co-founder Do Kwon does his second interview since the Terra ecosystem implosion. The post Terra co-founder Do Kwon tells Laura Shin fraud charges against him are illegitimate appeared first on CryptoSlate.
New proposal outlining new ecosystem expansion program is out
The developers behind the remnants of the fallen Terra (LUNA) network have unveiled an ecosystem funding program worth some LUNA 95 million ($248 million), seeking to encourage developers, miners and users to develop the troubled ecosystem.
In an interview with Laura Shin on Tuesday Terra LUNA founder Do Kwon argued that a Red Notice is not an international arrest warrant. The post Terra (LUNA) CEO Do Kwon Disputes Meaning of Interpol Red Notice appeared first on BeInCrypto.
Developers of the Terra stablecoin ecosystem, which includes Luna Classic (CRYPTO: LUNC), TerraUSD Classic (CRYPTO: USTC), and Luna 2.0 (CRYPTO: LUNA), proposed an expansion plan in which they would allocate 95 million LUNA ($248 million) to incentivize development and fix errors within the ecosystem. What Happened: According to the original proposal drafted in May, Terra planned to allocate around 10% of the LUNA supply to the ecosystem, with 80% of the funds being used for developer mining rewards.
It is an update to the original 100M ecosystem funding proposal, which Terra developers say did not fit the community's needs.
Terra (LUNA) double-digits in the red as the cat-&-mouse game between Interpol and Do Kwon continues.
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Terra (LUNA) price has completed a corrective movement and could soon break down from its corrective pattern, while Luna Classic (LUNC) is looking bearish in the longer term. The post Terra LUNA and Luna Classic (LUNC) Price in Trouble as Support Weakens appeared first on BeInCrypto.
The terra luna classic price has dropped to $0.00026542 in the past 24 hours, representing a slight dip of 0.5%. LUNC is also down by 12% in a week and by 20% in the last 14 days, as ongoing negative macroeconomic conditions continue to weigh down the recovery it enjoyed towards the end of September.
It's been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7.
Crypto price today Oct 16th: The crypto market shows several cryptocurrencies painted green today as the traders' sentiment has calmed down from the high CPI data. By press time, the global cryptocurrency market cap is trading at $915.55 billion, whereas the total trading volume wavers at $58.48 billion.
Surprising Do Kwon appearance may lead to high volatility in all Terra ecosystem cryptocurrencies
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. Terraform Labs created the Terra USD stablecoin and the Luna coin, both of which were released in 2019.
Crypto price today Oct 15th: Amid the recent release of CPI data, the crypto market suffered high volatility but continued to follow a sideways path. Thus, wrestling with the uncertain market sentiment, some cryptocurrencies have registered strong gains and losses.
BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Oct. 7 to Oct. 14. The post Huobi Token, Quant, ENS, OKB and LUNA Price Have Beaten the Crypto Market appeared first on BeInCrypto.
It still exists. In fact, there are now two of them, different but with very similar names
Terra (LUNA) woke up to a good day on Wednesday as the token made an impressive 30% jump in its price on the way to tallying a high of $3.08. Terra accounted for 25.06% of the entire token holdings among the top 100 ETH whales LUNA price surged by 30% today and hit $3.08 Bullish momentum is possible and trading price might reach $3.25 The crypto, though, immediately experienced price correction as it is trading at $2.69 at press time according to tracking from Coingecko.
In a recent update, the world's popular crypto exchange Binance has extended support to the Terra Ecosystem by adding TerraClassic USD to its list of borrowable assets. According to an official announcement, Binance has added USTC as a new borrowable asset on the Binance Loans platforms. $LUNC community happy as hell about this.
Investors in Shiba Inu (SHIB) and Luna Classic (LUNC) have turned to The Hideaways - a brand new crypto project launched last month and available at just $0.045.
As the crypto market correction continues, the majority of cryptocurrencies face the heat. The same is with Terra Classic (LUNC) which has given up more than 6% in the last 24hrs. Currently, Terra Classic (LUNC) is selling at $0.000271 after a fall of 6.67% in the span of 24hrs.
Neel Somani, a former developer from the fallen Terra company, has raised $15 million for Eclipse - his Solana-based cross-chain modular rollup startup.
For the past three weeks, the Terra coin price resonated within a consolidation phase of a bearish pennant pattern. Though this pattern should bolster sellers to extend the prevailing downtrend, the price undermined this bearish setup with the sudden surge in buying pressure.
