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Despite declaring the elimination of Terra Classic a few weeks ago, Crypto.Com has second thoughts.

As the bullish trend returns for many cryptocurrencies, Terra Classic (LUNC) seems to have only recently halted its decline from previous weeks and months, and machine learning and artificial intelligence (AI) algorithms are optimistic about its price by the end of this month.

Crypto exchange Crypto.com has reportedly delayed the delisting of Terra Luna Classic (LUNC) to April, as per emails received by some community members. The crypto exchange earlier informed affected LUNC holders via email about the delisting of LUNC by February 15, which was confirmed by CoinGape.

Terraform Labs has filed for Chapter 11 bankruptcy to contest the SEC's securities fraud lawsuit.

Cryptocurrencies had a modest bounce back this week, but the bullish trend is still uncertain. Take Terra Classic (LUNC), for example.

Terraform Labs CEO emphasized that the recent bankruptcy filing is critical for pursuing an appeal to the SEC's lawsuit.

Terraform Labs, the creator of the now-defunct stablecoin TerraClassicUSD (USTC), has filed for Chapter 11 bankruptcy, revealing its intention to use this move strategically to appeal a lawsuit initiated by the United States Securities and Exchange Commission (SEC).

Terra (LUNA) had a tough time, and now Terra Luna Classic (LUNC) is putting in the effort to bounce back.

The Terra Luna Classic community has rejected core developer L1TF's proposal for a security upgrade package. Validators, including Allnodes, voted “No,” citing proposal 11889, which advocates for a pay-per-job approach to developments, as the reason for rejecting the proposal.

Cryptocurrencies moderately rebounded this week but bulls are not in the clear yet. For instance, although Terra Classic (LUNC) climbed slightly above $0.0001 from support at $0.00009, it had corrected to $0.000095 during US business hours on Wednesday.

Terra Luna Classic core developer L1TF's proposal for core security upgrade package has been rejected by the Terra Luna Classic community. The proposal faced setbacks after validators including Allnodes voted “No” citing proposal 11889, a pay-per-job approach for developments, as the reason for rejecting the current proposal.

According to Terraform Labs CEO Chris Amani, the decision to file for bankruptcy is a crucial element in their strategy to appeal the SEC lawsuit. Amani stated in a filing to the Delaware Bankruptcy Court that the Chapter 11 bankruptcy filing is pivotal for a successful appeal, as it could eliminate the need for a substantial bond typically required for such legal actions.

CEO Chris Amani is leading this strategic move, initiated on January 21 in the U.S. Bankruptcy Court for the District of Delaware, as a means to strengthen the company's position amidst an ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). Utilizing bankruptcy laws as a protective shield, Terraform Labs challenges the SEC's lawsuit, arguing against the classification of crypto assets within Terra's domain as securities.

Terraform Labs, the brains behind the Terra blockchain network, opted for bankruptcy protection as a strategic move against any “potential money judgment” that could be enforced by the U.S. Securities and Exchange Commission (SEC). In a Jan.

Chris Amani, the CEO of Terraform Labs, has said that the company's decision to file for bankruptcy will help it appeal its lawsuit from the United States Securities and Exchange Commission.

Terraform Labs CEO Chris Amani declared in a court filing that the company is not built to currently generate profits, amid citing previous crypto collapses to support its case.

Singapore-based Terraform Labs says its recent bankruptcy filing will help it pursue a “do-or-die” appeal against the U.S. Securities and Exchange Commission (SEC).

Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification.

The Terra community doesn't seem to catch a break lately. Terraform Labs filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Jan. 21, according to the court's website. The aim is to bolster its appeal against the SEC lawsuit.

Terraform Labs' bankruptcy protection would allow the company to pursue an appeal against the SEC's fraud lawsuit, the company said.

The firm's CEO Chris Amani says bankruptcy protections could help appeal the suit brought against it by the SEC, effectively eliminating “the single largest claim against it.”

Terra Luna Classic community strives for a new dawn with multiple LUNC burns lined up this week.

In a recent message about X, Derek suggests that it's better to think long-term and aim for a goal of $0.03, rather than worrying too much about short-term ups and downs. This advice has caught the attention of the LUNC community.

The Terra Classic ($LUNC) community has recently burned more than 1.1 billion tokens, valued at over $100,000, bringing the total supply of the cryptocurrency down to 6.812,67 trillion amid renewed efforts to help its price reach $0.1 per token.