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Genuine Labs addressed internal fights as the main reason behind the delay of the Tax2Gas proposal's implementation.

LUNC News: Terra Luna Classic core developer on Friday said it has completed work on Tax2Gas, an upcoming major upgrade that will boost the network as well as LUNC price. The core developer added that the expected date of the upgrade is still unclear unless satisfaction in testing on rebel testnet.

TerraForm Labs owned crypto wallet sends 1,075 Bitcoins to a new address, while Do Kwon remains stuck in Montenegro.

On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address (bc1q5) on Sept. 2.

Amid Terraform Labs' ongoing unwind and the extradition battle involving its founder Do Kwon, a wallet linked to both entities moved $62.8 million worth of Bitcoin.

Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 Bitcoin.

After weeks of downward pressure on its value, the Terra Classic (LUNC) price has started to show signs of recovery. This upward movement comes as other cryptocurrencies begin to recoup their recent losses.

Terra Luna Classic's centralization issues under the microscope: can validators set up a secondary node?

Crypto exchange Binance's LUNC burn in total reached nearly $65 billion as the exchange burned another 1.19 billion Terra Classic tokens. Terra Classic price in spot and derivatives markets has failed to bounce this time amid a broader crypto market selloff and debates on chain rule violations by some validators.

LUNC News: The community members have claimed that some validators are apparently violating the chain rules. A proposal is suggested regarding the violation of the dynamic commission (DynComm) rule by validator “JESUSisLORD 2”.

A short-term price bounce is expected for Terra Luna Classic, but can a range breakout follow from this?

LUNC price has seen a slight market rebound recently. Over the last year, the Terra Classic price has increased by more than 30%, reflecting rising trust among investors.

Terraform Labs (TFL), the foundational entity behind the once-prominent ecosystem, has issued a significant alert for users of its Terra Classic platform. This comes in the wake of the historic collapse of its algorithmic stablecoin UST and its companion cryptocurrency LUNA, which precipitated a market implosion wiping out around $40 billion in value last year.

Wrapped LUNA Classic (WLUNC) has seen a 28% upswing in its price following the reopening of Terra Classic's Shuttle Bridge. The Shuttle Bridge reopening enables users to transfer their LUNC and USTC assets bridged from networks such as the Ethereum mainnet, BNB Chain (BSC), and Harmony back to Terra Classic.

Terraform Labs reveals a major governance proposal for the Terra blockchain, gaining attention from the crypto community. The proposal, which aims to mark the final chain upgrade under TFL's direct oversight, is expected to trigger a rally in LUNA and LUNC tokens.

TL;DR Terraform Labs (TFL) will begin to close its operations and management of the Terra blockchain will become a community-based process. Proposal 4818 will be the last upgrade to the chain before TFL closes its operations. The key bankruptcy restructuring hearing is scheduled for September 19 and will determine the future of the company.

The shift from TFL to community management will significantly impact the Terra ecosystem and the LUNA token.

As Terraform Labs (TFL) moves towards winding down its operations, it has announced that Proposal 4818 will be the final chain upgrade implemented. This decision comes after TFL's settlement with the SEC and its ongoing Chapter 11 bankruptcy proceedings. As part of the settlement, TFL will close its business within 30 days of judgment.

Bybit's move to put a warning sign above a popular Terra Luna Classic's trading pair gets the community fuming.

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Terra's latest X post had LUNA, LUNC moving on the charts.

LUNC defies delisting fears with a 3% rise as analysts predict a potential 600% breakout.

The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem's collapse in 2022.

The fate of Terraform Labs will be decided at the Chapter 11 bankruptcy hearing scheduled for September 19.