Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The United States Securities and Exchange Commission (SEC) is making significant moves against Terraform Labs and its co-founder, Do Kwon, following a civil case verdict. In a recent filing, the SEC demands a hefty sum of about $4.7 billion as disgorgement and prejudgment interest, coupled with $520 million in civil penalties, distributed between Terraform and Kwon.
After a nine-day trial, Terraform Labs and its former CEO, Do Kwon, were found guilty of misleading investors in crypto assets. They violated the Securities Act 1933 by selling crypto assets without proper registration. Director of the SEC, Gurbir S. Grewal, supports the decision of the jury.
The United States Securities and Exchange Commission (SEC) is seeking to impose substantial monetary penalties on Terraform Labs and its co-founder, Do Kwon, following a civil case verdict. In an April 19 filing in the U.S. District Court of New York in the Southern District of New York, the SEC demands that about $4.7 billion
After a jury found Terraform Labs and Do Kwon liable for fraud in its case with the SEC, the commission filed a motion requesting $5.3 billion in disgorgement and civil penalties.
Cybercriminals ought to have a difficult time deploying fraudulent content on LUNC after this crucial security upgrade.
LUNC News: Terra Luna Classic community has approved a key proposal to update the IBC client between Terra Classic and Kujira (from 07-tendermint-178 to 07-tendermint-246), allowing the connection between the two chains to work again. This will open up liquidity while free up frozen funds, improving the Terra Classic revival effort.
The Terra community has initiated crucial proposals that could revive the cryptocurrency by bringing new changes to the Terra Classic ecosystem. With the voting process still ongoing and community feedback highlighting a potentially positive outcome, the price of LUNC, the native token of Terra Classic, has seen a major uptick.
Having benefited from a recently passed block size proposal and a jump in volume, Terra Classic (LUNC) has been trading relatively high in the last 48 hours or so – especially compared to its broader 30-day performance.
The Terra Luna Classic community has recently approved a significant proposal designed to address potential risks associated with peer-to-peer storm attacks on the Terra Classic chain.
If implemented, the block size reduction and gas fees increase may help the network fight spam attacks.
The Terra Luna Classic (LUNC) has passed the vital proposal to reduce the maximum block size. The LUNC community has supported the decision to decrease the block size to 2MB from 5MB to remove the dangers of peer-to-peer storm outbreaks within the ecosystem.
Terra Luna Classic community has unanimously passed a crucial block size proposal to mitigate some risks of peer-to-peer storm attacks on the Terra Classic chain. Notable developers have pointed out possible risks to Cosmos, Solana, and Polkadot ecosystems and suggested initial measures to reduce the impact of such attacks.
LUNC price analysis: Terra Classic investors are beaming with hope of a potentially larger bullish breakout on Friday ahead of Bitcoin Halving. The outlook of the entire crypto market has also changed alongside Bitcoin price move on the day, which recouped earlier losses peaking at $65,000.
Terra Luna Classic community is taking steps to prevent spam attacks on the chain and proposing several measures such as increasing gas fees. A proposal of increasing gas fees by 10x is submitted claiming current levels for transactions are extremely low and causing attacks feasible and economical.
Terra Luna Classic community drops a bombshell: core team proposal gets shunned, triggering LUNC price havoc.
LUNC News: Terra Luna Classic community currently voting on a crucial proposal to mitigate some risks of peer-to-peer storm attacks on the Terra Classic chain. Notable developers have pointed out possible risks on Cosmos, Solana, and Polkadot ecosystems and suggested initial measures to reduce the impact of such attacks on the chain.
Terra Luna Classic community pool balance has hit a new all-time high of 5 billion LUNC, a milestone for the community as more funds remain available for developers and other contributors. However, the development activity decline is a big reason to worry, as per TVL and commits data of the chain.
LUNC price analysis: The token has experienced a remarkable surge in its market value, exhibiting a strong bullish pattern in the last day marking renewed interest among investors. In the last 24 hours, Terra Classic price increased by 5.44%, hitting a high of $0.000104.
Terra Luna Classic community has turned down a key proposal to establish a core team to manage all the developments on the Terra Luna Classic chain. While the proposal is promising, most members and validators think it lacks details and contradicts the pay-per-job (PPJ) rule.
Wanted by many, Do Kwon's extradition destination now depends on the Montenegrin Minister of Justice.
Do Kwon's legal team have three days to appeal the ruling.
Terra Classic analysis: LUNC price has experienced a minor decline in value over the past day, mirroring a mundane trading environment across the crypto market. This token commenced trading today with a modest bearish trend, further accentuating disinterest among investors ahead of Bitcoin halving this month.
The Terra Luna Classic (LUNC) community is currently engaged in voting on a crucial proposal aimed at establishing a core team responsible for overseeing the chain's developments and other key decisions. This proposal comes in the wake of the disbandment of the core developer group Joint L1 Task Force (JL1TF) in March.
Terra Luna Classic proposes to establish a core team to look after all the developments of the Terra Luna Classic chain. After the disbandment of core developer group Joint L1 Task Force (JL1TF) in March, a proposal is suggested to set up a community-appointed team comprising key people including developers and contributors.
