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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.
Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations in Texas, expanding its North American footprint.
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.
The Avalanche Foundation has finalized the repurchase of 1.97 million AVAX tokens previously held by the now-defunct Luna Foundation Guard (LFG). The post Avalanche Foundation Buys Back 1.97M AVAX Tokens from Luna Foundation Guard appeared first on Cryptonews.
A bankruptcy court has allowed the Avalanche Foundation to buy back 1.97 million AVAX tokens it sold to the defunct Luna Foundation Guard.
Amid increased price volatility in the crypto market, the Terra 2.0 has regained momentum. Moreover, it has surged ~45% from its low of $0.2513 over the past three months. Will Terra 2.
The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession.
Do Kwon's extradition decision is reportedly nearing completion, with Montenegro's Justice Minister indicating that an announcement will be made by Sunday.
Exposing Terra's shadows: Do Kwon secretly made crypto transfers In Jail as Montenegro pondered over extradition.
Do Kwon's extradition has been delayed again, to the surprise of the Justice Ministry.
Montenegro plans to finalize Do Kwon's extradition by the end of this week. Montenegro convicted Do Kwon of forgery, and he served a six-month sentence.
Do Kwon's extradition process begins, raising concerns about Terra Luna's future and potential impacts on Luna crypto investors.
Montenegro is set to decide on the extradition of Do Kwon, co-founder of Terraform Labs this week, as confirmed by the Justice Minister.
Terraform Labs co-founder Do Kwon's legal case is approaching a key moment as his extradition process is reportedly nearly complete. Authorities are set to make a decision by Sunday, Oct. 20.
Yet another legal drama involving Do Kwon, the co-founder of Terraform Labs, is reaching a decisive moment. Montenegrin officials have confirmed that the extradition process is in its final stages, with a ruling expected by Sunday, October 19.
Montenegro's Minister of Justice, Bojan Božović, announced that a decision on Do Kwon extradition will be finalized and signed by the end of the week.
Montenegro's Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end of this week.
According to Montenegrin media reports, Do Kwon's extradition process may soon conclude, with a decision expected by Sunday, Oct. 19. On October 17, Minister of Justice Bojan Bozovic confirmed that the government chose the destination for extraditing the Terraform Labs co-founder, whom both the US and South Korea want on charges related to cryptocurrency fraud.
Do Kwon's extradition chapter may be finalized as soon as Sunday, Oct. 19, according to local Montenegrin media.
