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Nothing's been the same since the Terra LUNA ecosystem collapsed last year. The coin has become a playground depicting extremely volatile moves in both directions.
The Terra Classic developer Joint L1 Task Force (L1TF) successfully completed the v2.0.1 upgrade without any issues. Joint L1 Task Force developer group were joined by key members including core developer Edward Kim, programmer Fragwuerdig, and PFC Validator.
Top crypto exchange KuCoin has made an important announcement regarding the LUNC tax burn rate. The exchange says it will increase the tax burn of Terra Classic (LUNC) Network from 0.2% to 0.5%.
Crypto News: According to recent reports, the local prosecution team has contested the bail approval of controversial crypto entrepreneur Do Kwon and his subordinate Han Chang-Joon in the basic court of Montenegro. This comes after Kwon's legal team secured court approval on May 12 to release the defendants on bail which accounted for nearly 400K
After being granted bail by a court in Montenegro, Terra co-founder Do Kwon reportedly removed digital assets worth around 2.8 billion won ($2.15 million), according to several reports from South Korean media agencies.
The State Prosecutor's Office in the capital Podgorica filed an appeal contesting Do Kwon's bail.A Basic Court approved a bail worth £400,000 ($437,000) for the TerraUSD creator Do Kwon and another Terraform executive Han Chang-Joon a day after their lawyers filed the request.Authorities from South Korea and the U.S. want to extradite Kwon for trial in Terra's $40 billion collapse saga. The bail granted to TerraUSD creator Do Kwon and his fellow Terraform Labs executive Han Chang-Joon by a Basic Court in Montenegro was contested by local prosecutors nearly a week later.
As the cryptocurrency industry is struggling with increased regulatory pressure, many of its assets are recording modest gains at best, but Terra Classic (LUNC) is one of the few that has seen a significant decline since the year's end.
LUNC community developers from Ukraine share a sneak peek of a new RPG game with earning and burning opportunities.
Stablecoins worth $400,000 and LUNC worth $150,000 were allegedly removed from accounts maintained by Terra co-founder Do Kwon.
Case files on the prosecutors' appeal were sent to the Supreme Court in Podgorica for a decision.
Terra co-founder Do Kwon reportedly withdrew 2.8 billion won ($2.15 million) worth of digital assets before his bail was approved by a Montenegro court, according to reports by several South Korean media outlets. CoinGape Media earlier reported that Terraform Labs, co-founded by Do Kwon and Daniel Shin, transferred 1.8 million Convex Finance (CVX) tokens worth
On the verge of breaking into bullish divergence, LUNC is under a magnifying glass in the cryptosphere.
The recent announcement by Binance, one of the leading cryptocurrency exchanges, regarding its support for Terra Classic's (LUNC) network upgrade to v2.0.1 has added further excitement and price potential around the network.
Montenegrin prosecutors stand on Kwon's way to get released from detention.
Binance, the world's leading cryptocurrency exchange, has revealed plans to back Terra Classic's v2.0.1 and Kava 13 mainnet upgrades. Meanwhile, the trading platform will halt deposits and withdrawals of USTC and LUNC today, 17 May. The same applies to KAVA.
Binance announced it would support the Terra Classic v2.0.1 network upgrade and Kava 13 mainnet upgrade.
The world's largest crypto exchange Binance on Wednesday said it will support the Terra Classic v2.0.1 network upgrade and Kava 13 mainnet upgrade. The crypto exchange will suspend deposits and withdrawals of LUNC and USTC on the Terra Classic (LUNC) network today, May 17.
After the Montenegro court recently approved the decision to allow Do Kwon - co-founder of Terraform Labs, to be released on bail, local prosecutors are protesting this decision.
Four proposals related to increasing burn tax, LUNC burn, and staking were passed by the Terra Classic community. The proposals outline key changes including raising the LUNC burn tax to 0.5%, rewarding people for staking, whitelisting Dapps contracts, and increasing community pool funding.
Chicago-based crypto trading firm Jump Trading is once again facing scrutiny from the U.S. Securities and Exchange Commission (SEC) as new court filings shed light on a clandestine agreement between the company and the now-defunct Terraform Labs regarding the TerraUSD stablecoin.
According to the U.S. SEC, Do Kwon allegedly hid Jump Trading's $1.2 billion role in propping up TerraUSD in 2021.
Pepe Coin contract has a burn functionality, which will reduce the circulating supply and boost the PEPE price. A project, which has been burning millions of Terra Classic (LUNC) in the last few months, revealed last week that it will burn PEPE and Baby Doge Coin (BabyDoge).
Do Kwon cashes out $500,000 in $USDT and $2.3M of $LUNC before being released on bail.
Recent court filings made by the SEC confirmed that Chicago-based Jump Trading entered a secret deal with Do Kwon and Terraform Labs to prop up TerraUSD a year before its collapse.
