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Terra (LUNA) has issued an important notice regarding non-fungible token (NFT) projects that are built on its network. The notice, which was posted by the official Terra X handle, alerts NFT projects to a new era launching on the Terra network.
In a recent turn of events in the world of cryptocurrency, legal experts have shed light on the ongoing legal battle involving Terraform Labs' Terra (LUNA), its stablecoin (UST), and YIELD, the native token of the Anchor Protocol.
In a legal clash within the United States District Court Southern District of New York, Terraform Labs and founder Do Kwon confront allegations by the Securities and Exchange Commission (SEC).
The SEC's motion against Binance aims Terraform case, where a judge sided with the regulator in determining specific tokens were securities.
The commission argued a summary judgment in its favor against Terra provided “further grounds” on which a judge could consider denying a motion to dismiss from Binance.
In the lawsuit between Binance, Binance.US, former CEO Changpeng ‘CZ' Zhao, and the U.S. Securities and Exchange Commission (SEC), the securities regulator has submitted a notice of supplemental authority with the court. The SEC has cited the recent ruling in SEC v.
Former SEC Chief of Internet Enforcement John Reed Stark irks the crypto legal community with comments about the SEC v Ripple case.
The U.S. Securities and Exchange Commission (SEC) has pursued Terraform Labs and its founder, Do Kwon, for a year following the collapse of the stablecoin UST.
A US judge has ruled that collapsed crypto company Terraform Labs and its founder Do Kwon offered and sold two digital assets as unregistered securities. The U.S. Securities and Exchange Commission (SEC) and Terraform Labs both requested summary judgment in an ongoing fraud case.
LUNC, the resilient token emerging from the tumultuous aftermath of Terra's downfall, witnessed a notable 14% downturn, mirroring a substantial legal setback delivered by a U.S. District Court. This judicial decision favored the Securities and Exchange Commission (SEC) in their legal pursuit against Terraform Labs, the entity steering the Terra blockchain, injecting uncertainty into the fate of the beleaguered cryptocurrency.
U.S. Federal Judge Jed Rakoff delivered a summary judgment on December 28th in the Terraform Labs case, classifying Luna, MIR, and other crypto tokens as ‘securities.' This landmark decision, rooted in their identification as investment contracts, sets a definitive tone for the ongoing security violation trial.
In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.This has led legal experts to question the ruling and its implications.
XRP and the broader market ended the Friday session in negative territory. In January, a court hearing could materially impact the digital asset space.
It has not been easy to dissociate LUNC from developments connected to LUNA-UST 2022's collapse.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, we explore how venture capital funding for crypto projects evolved in 2023 and what to expect from Web3 startups in the new year.
A U.S. Court has ruled mostly in favour of the SEC in its case against the bankrupt crypto platform.
The judge ruled that LUNA and UST are securities, and denied the requested summary judgment on fraud allegations.
In a landmark ruling that could have far-reaching implications for the crypto industry, a federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs, finding them violating US law for failing to register two digital currencies that ultimately collapsed in 2022.
A federal judge ruled Thursday in favour of the U.S. Securities and Exchange Commission (SEC), finding that Terraform Labs and its founder, Do Kwon, offered and sold unregistered crypto securities in the form of LUNA and UST.
Jump Trading will join crypto firm Terraform Labs (Terraform) and the US Securities and Exchange Commission (SEC) in a civil trial next year. A judge ruled that Terraform engaged in sales of unregistered securities, but he may need fresh insight on how Jump Trading acted as a market maker for the company.
After Do Kwon abandoned LUNC and USTC (formerly UST) and established a new Terra (LUNA) chain, the Terra Classic community, comprised of dedicated validators and developers, made numerous efforts to revive LUNC and repeg USTC. This year, Terra Classic ecosystem tokens LUNC and USTC backed by the dedicated community have outperformed Terra (LUNA) substantially.
The judge presiding over the lawsuit involving Do Kwon, Terraform Labs, and the US SEC ruled that Kwon and his company violated US laws. In a summary judgment, Judge Rakoff found in favour of the SEC, ruling that Terraform failed to register LUNA and MIR as securities.
In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon.
A court order from yesterday states that Judge Jed Rakoff found Terra and Do Kwon guilty of breaking federal laws. They were accused of selling two securities, TerraUSD (UST) and LUNA, without proper registration.
