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LUNC News: The Terra Luna Classic community has started voting on a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal seeks community members and validators' approval on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in April.
LUNC Price Analysis: In a widespread market crash, Terra price plummeted by 19% in a single day on June 8, closing below a crucial market structure. This significant drop occurred just days before the TFL-SEC memorandum was submitted to the court.
Terra Luna Classic community has passed a proposal by Genuine Labs developer group to disburse payment for development work in the last few months. The proposal represents tasks undertaken including upgrade Terra Classic core to sdk47, prevent p2p storms, and update relevant dependencies.
Although many assets in the cryptocurrency market have recorded a successful year so far, this has not been the case for Terra Classic (LUNC), the price of which has been recording poor results on all of its charts and has declined by over 20% since the year's turn.
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced listing of new trading pairs and existing tokens on new networks. Binance's Thailand arm to list trending crypto including Terra Classic (LUNC), USTC, Terra (LUNA), Shiba Inu (SHIB), Celestia (TIA), Wormhole (W), Bittensor (TAO), and others.
Terra Luna Classic ecosystem tokens LUNC and USTC both saw breakouts above support levels in the last 24 hours. As a result, it recorded massive buying by spot and derivatives traders.
Terra Classic price forecast: LUNC has seen a modest increase in the price over the past 24 hours. The cryptocurrency is hovering above $0.00012, showing stability in its current trading range.
Terra Luna Classic developer group Genuine Labs proposes to go ahead with the Tax2Gas implementation, removing the need for separate handling and calculation of tax. The move comes in response to the Tax2Gas approach for Terra Classic chain suggested earlier by popular developer StrathCole and Genuine Labs.
LUNC Price Analysis: Genuine Labs, a Terra Luna Classic development team, just upgraded the chain v3.0.1 on June 2, 2024. The upgrade was anticipated by the community as LUNC price surged on May 30 and began retracing in a classic buy-the-rumor-sell-the-news pattern.
Terra Luna Classic developer Genuine Labs proposes to become the official core developer of the Terra Classic chain. The developer group believes the chain needs a team for code reviewing, PR merging, and maintenance and it has become critical after the JL1TF was disbanded.
LUNC Price Prediction: The crypto fear & greed index holds at 73, up from 67 approximately a month ago. This shows that sentiment is positive with investors betting on higher prices.
The Terra Luna Classic community has overwhelmingly supported the Genuine Labs Community Spend Proposal. On June 3, 2024, the proposal achieved a 99.98% approval rate, with virtually no opposition.
The Terra Luna Classic community is set to implement the much-anticipated v3.0.1 upgrade, with the process expected to begin in a couple of hours. Terra Luna Classic Upgrade: Market Reaction According to a recent X post by community member Mr.
The world's largest crypto exchange Binance on Saturday burned 1.35 billion Terra Luna Classic tokens in the 22nd batch of its LUNC burn mechanism, continuing its support to the Terra Classic community. Binance's total LUNC burn to date has now surpassed 60 billion, accounting for more than 52% of the total LUNc burned by the Terra
Terraform Labs and its founder, Do Kwon, have reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC).
The Terra Classic community is currently engaged in a vote regarding Proposal 12111, which seeks to alter the burn tax structure and boost support for charity via Binance. As the voting is due in three days, the preliminary figures also point to a resounding rejection with the votes being divided between ‘No' and ‘No with
Do Kwon appears to have reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC). In April, a jury found Kwon and Terraform Labs liable for defrauding investors regarding the stability of the algorithmic stablecoin Terra USD, which de-pegged and collapsed in 2022, causing crypto prices to plummet across the board.
The cryptocurrency industry is an ocean of opportunities, often snapped up by fast fingers. Many times if the ship sails before getting on board, it's an uphill battle to catch up—and if you do, you could end up sinking with the same ship.
Terra blockchain's native LUNA tokens soared Friday amid reports that Terra founder Do Kwon and Terraform Labs had struck a tentative settlement with the U.S. Securities and Exchange Commission (SEC) in their civil fraud case.
The Luna Foundation Guard has stirred discussions with its massive transfers involving Binance Coin (BNB) and Avalanche (AVAX). Arkham Intelligence data shows an LFG-linked address moved AVAX tokens worth $72.51 million, 1,974,000 tokens, and BNB worth about $23.64 million, 39,499 coins, to anonymous wallets.
Terra Classic price forecast: LUNC has recently shown a significant surge in the cryptocurrency market. The LUNC price is currently at $0.0001207, reflecting an 8.45% increase over the past day.
Terra founder Do Kwon and Terraform Labs reached a tentative settlement with the SEC in their civil fraud case Thursday.
With the meme coins taking a pause after massive price jumps, the low cap altcoins are gaining momentum. Amidst such market conditions, the Terra tokens display a gradual rise in bullish momentum in a rising channel.
Terraform Labs and Do Kwon have reached a settlement in principle with the SEC in a civil fraud case, with the terms expected to be finalized by June 12, while Kwon continues to face criminal charges and extradition proceedings in Montenegro.
