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A Montenegro court has extended Do Kwon's detention by six months as he awaits trial for potential extradition, Agence France Presse reported Thursday. The former Terraform Labs CEO has been in custody in Montenegro since late March following his arrest at Podgorica Airport in the nation's capital for allegedly carrying forged travel documents.
Europe Now Movement, the political party that just won parliamentary elections in Montenegro, is expected to form a fragile government, according to a report in BalkanInsight. The problem is the multitude of parties, with Europe Now squeaking by with just 25.
The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea's extradition request.
A court in Montenegro has extended the incarceration of former crypto fugitive Do Kwon and his associate Han Chang-Joon for an additional six months while they consider an extradition request from South Korean prosecutors. The decision comes after a higher court in Podgorica allowed Kwon and Han to be released on 400,000 euros ($438,000) bail each, local outlet RFE
Terra co-founder Do Kwon and former chief financial officer Han Chang-joon's bail request has been accepted by the Montenegrin High Court.
Terra co-founder Do Kwon and former chief financial officer Han Chang-joon's bail request is approved by the Montenegro High Court, according to sources familiar with the court proceedings. In addition, the High Court investigation judge ruled that South Korean citizens will remain in prison for extradition to South Korea.
LUNC Price Prediction: The latest analysis reveals that Terra LUNA Classic price may plummet to $0.000042 if it breaks below $0.000085 level.
The cryptocurrency market has been gripped by tension and a surge of selling pressure following the Securities and Exchange Commission's (SEC) recent lawsuits targeting leading platforms Binance and Coinbase. These legal actions have had a profound impact on investor sentiment, as uncertainty looms over the future of these prominent exchanges and dozens of altcoins that the regulator labeled as unregistered securities.
The Terra Classic core development group Joint L1 Task Force (L1TF) completed the v2.1.1 parity update successfully.
Terra Classic core developer group Joint L1 Task Force (L1TF) successfully completed the network's biggest v2.1.1 parity upgrade at block height 13215800 on June 14 at 13:57 UTC. Members of the developer group Joint L1 Task Force were joined by professor and core developer Edward Kim, validators, and key LUNC community members.
Terra Classic Price Analysis: Similar to a majority of major altcoins, the LUNC price witnessed a steep correction last weekend and plunged to the local support of $0.000082. The 4-hour chart showed a new downsloping trendline carrying this correction phase, assisting sellers in maintaining trend control.
A group of Terra Classic Core developers, the Joint L1 Task Force (L1TF), has announced that it is ready for the Parity Upgrade, set for the 14th of June, 2023. The Terra Classic Community unanimously voted in favor of Proposal 11561, paving the way for the critical update to be implemented.
The world's largest crypto exchange Binance on Wednesday said it will support the Terra Classic (LUNC) network's biggest v2.1.1 upgrade as the community officially passed Proposal 11561. It will bring the blockchain to parity with Terra 2.0 and other Cosmos chains.
The embattled LUNC community eagerly awaits the arrival of the much-anticipated Terra Classic parity upgrade mainnet 2.1.0 on June 14th, 2023. Despite recent struggles, Terra Luna Classic (LUNC) has climbed impressively in the global crypto market cap charts, recording a remarkable 10.9% gain in the past 24 hours.
The crypto market has been bleeding lately, and leaders like Bitcoin and Ethereum have been on a downtrend. In addition, the Securities and Exchange Commission's crackdown on top trading platforms Coinbase and Binance has further made things worse as the crypto winter has persisted.
Terra Luna Classic core developer Joint L1 Task Force (L1TF) has made some significant changes to the v2.1.0 upgrade, changing the name to v2.1.1. According to the GitHub release, L1TF developers Till Ziegler or “fragwuerdig” and The Vinh Nguyen have made 19 additions and 9 deletions to some files.
Terra Classic Price Analysis: The LUNC price showed a significant downturn last week, as the crypto market witnessed a heavy sell-off in altcoins. From the peak of $0.000115, the coin price tumbled nearly 24.5% to reach the current price of $0.000086.
Against the backdrop of the cryptocurrency market's struggles with regulatory uncertainty that has led to multiple lawsuits against major crypto businesses, Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has marked an important occasion.
Terra Classic core developer group Joint L1 Task Force (L1TF) is all prepared for the Terra Classic blockchain's biggest v2.1.1 parity upgrade on June 14. With Proposal 11561 “Upgrade to v2.1.0” passed by the Terra Luna Classic (LUNC) community, LITF has shared a status update on the readiness and details of the upgrade.
Disgraced Terra (LUNA) founder Do Kwon reportedly relocated tens of millions of dollars worth of crypto away from a Luna Foundation Guard wallet after his arrest in March.
During the past seven days, the price of LUNC, the cryptocurrency of Terra Classic, has displayed a back-and-forth movement characterized by alternating green and red candles. This pattern suggests a lack of dominance from buyers or sellers, indicating uncertainty in the market regarding the direction of the trend.
LUNC News: Terra Luna Classic (LUNC) staking has officially reached 1 trillion, hitting a historic milestone. The community has waited long enough for this historic achievement after professor Edward Kim-led developer team introduced staking to Terra Classic last year.
Do Kwon, the founder of Terraform Labs, is under the spotlight again for alleged links with a Montenegrin politician. Milojko Spajic, the founder of the Europe Now party, denies the allegations.
Terra Classic (LUNC), the original chain left behind after the Terra Luna/UST collapse, has given a glimmer of hope to investors over the past few days. LUNC went into an uptrend amid heightened market uncertainty and bearish investor sentiment.
