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This comes at a challenging time for LUNC, trying to bounce back from the Terra LUNA crash and notable surges in late 2023. However, the wider crypto community seems to be losing faith in the struggling LUNC ecosystem.
In a decision that stirred up the crypto community, cryptocurrency exchange Crypto.com announced the suspension of Terra Luna Classic (LUNC) trading. Through an email sent to U.S. residents, Crypto.com urges customers to sell or withdraw their LUNC tokens before February 15.
Holder alert: Terra Classic trading to be suspended on Crypto.com, according to the email sent to American clients.
The Terra tokens continue to display a neutral trend for over two weeks, indicating a disinterest of the investors in it. Further, the LUNC price has recorded a loss of 9%, resulting in it breaking down its crucial support level. The Terra LUNC price traded in a closed range between $0.0001561 and $0.
The crypto market witnessed a broader selloff on Friday, causing the global crypto market cap to fall almost 4% to $1.61 trillion. The Friday's expiry wreaks havoc on traders and investors, with nearly $250 million liquidated over the last 24 hours.
The LUNC community has experienced a setback in their plans to revive the crypto token following the rejection of a proposal that was believed to be beneficial to the ecosystem. This latest proposal joins a growing list of proposals that have been put forward in a bid to restore LUNC to its previous highs.
The Terra Luna Classic (LUNC) community recently faced a setback as two crucial proposals aimed at enhancing the utility and security of the Terra Classic chain were rejected. Notably, a leading validator with 15% voting power, alongside other validators, voted against the proposals.
The Terra Luna Classic (LUNC) community rejected two key proposals that would have helped boost the utility and security of the Terra Classic chain. A top validator with 15% voting power and other validators voted against the proposal, opposing the objective to introduce Ethereum virtual machine (EVM) support and restore validators count to 130.
In recent strategic strides, the Terra Classic community announces a groundbreaking feat for its token within the broader crypto sphere.
The blockchain platform Terra Luna Classic (LUNC) had a promising plan to enhance its adoption and features by integrating the Ethereum Virtual Machine (EVM). Surprisingly, the community rejected this proposal, putting a halt to what could have been an exciting strategic move for the platform.
SEC v. Terraform Labs trial postponed to March 25. Do Kwon's extradition process from Montenegro to the U.S. is key to his in-person defense.
The Terraform Labs co-founder is still in Montenegro following his prison sentence and reportedly awaits extradition to the United States.
In a gust of strategic developments, the Terra Classic community recently revealed a monumental achievement for their token as the Terra commune forges ahead with their EVM proposal, garnering significant attention across the broader crypto market. As per a recent statement, the commune has now cracked open the Terra platform to EVM ( Ethereum Virtual
In a recent development, US District Judge Jed Rakoff in Manhattan has decided to postpone the trial of Terraform Labs and its co-founder Do Kwon, who are facing allegations of a $40 billion cryptocurrency fraud. The trial was initially scheduled to begin on January 29 but has now been rescheduled to March 25.
The US Securities and Exchange Commission (SEC) has concurred with a court ruling postponing the trial of former Terraform CEO Do Kwon until March to ensure that both Do Kwon and Terraform Labs are tried together.
In a dramatic turn of events, the US Securities and Exchange Commission's (SEC) lawsuit against Terraform Labs and its enigmatic founder, Do Kwon, has been postponed to March 25th. This delay grants authorities time to extradite Kwon from Montenegro, allowing him to potentially attend the trial for the first time.
The Terraform Labs trial, accused of a $40 billion crypto fraud, is delayed to March 25 for Kwon's extradition from Montenegro.
The U.S. Securities and Exchange Commission's (SEC) case against Terraform Labs and its co-founder, Do Kwon, has been postponed, Reuters reported on Tuesday. The news comes days after a federal judge refused multiple motions to reconsider earlier orders.
A federal judge on Tuesday delayed the U.S. Securities and Exchange Commission's trial against Terraform Labs and co-founder Do Kwon over an alleged $40 billion cryptocurrency fraud, to allow time for Kwon to be extradited so he can attend.
The trial of Terraform Lab' former CEO has been pushed back to late March after his lawyer said he faces challenges to get him to the U.S.
Terraform Labs co-founder, Do Kwon, submitted a request to postpone his trial in the United States. It was reported that the United States Securities Exchange Commission (SEC) decided to approve the petition so the date could potentially be moved to Apr. 15.
Terra Luna Classic ecosystem has unveiled a comprehensive security upgrade and seen a notable increase in trading activities.
SEC agreed to postpone trial date as requested by Do Kwon's legal team, but opposed severing his case from Terraform's.
In a significant development in the legal proceedings against Terraform Labs and its co-founder Do Kwon, the U.S. Securities and Exchange Commission (SEC) has requested to postpone the upcoming civil trial. The trial, initially scheduled for January 29, is now proposed to be moved to April 15.
