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The cryptocurrency markets saw an eventful week of trading, with a wide variety of projects exploding to post massive gains over the last 7 days.
The cryptocurrency market is witnessing a significant surge, and Terra Classic (LUNC) stands out with its impressive 55% rally in just one month. This upturn is particularly noteworthy given the asset's troubled past, marked by its lowest value locked in early August since its inception.
The game-tested LUNC emerges as top gainer of the day, posting 33.5% gains after a far-reaching function is restored.
This week has been exceptionally bullish for many major assets in the cryptocurrency market and some of the less-expected cryptocurrencies, including Terra Classic (LUNC), which has managed to grow its market value by nearly 16% on its weekly chart and close to 30% in just one month.
Jump Crypto, a segment of the Jump Trading group, is currently facing scrutiny from the U.S. Securities and Exchange Commission (SEC).
The situation surrounding Terraform Labs co-founder Do Kwon has garnered renewed attention. Recent reports have brought to light possible undisclosed interactions between Jump Crypto President Kanav Kariya and Kwon.
Back in February, the SEC initiated legal action, accusing TerraLabs and Do Kwon of both fraud and criminal wire charges. Terraform Labs quickly countered with a motion to dismiss the lawsuit, characterizing the SEC's claims as unfounded.
The SEC is investigating whether Kanav Kariya, the former Jump Crypto CEO, entered into a secret agreement with Do Kwon, the president of Terraform Labs, during the collapse of the stablecoin TerraUSD.
The U.S. Securities and Exchange Commission (SEC) has officially requested the Court to reject the defendants' plea to dismiss the case, asserting that Terra and Do Kwon committed fraud and violated security laws. In February of this year, the SEC filed a lawsuit accusing TerraLabs and Do Kwon of fraud and criminal wire charges.
The US Securities and Exchange Commission has probed whether the president of Jump Crypto engaged in a secret agreement with Terraform Labs' Do Kwon in the midst of stablecoin TerraUSD's collapse.
In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terra and Do Kwon, the SEC has requested the court to deny a motion by defendants Terra and Do Kwon to dismiss the lawsuit. The SEC continues to argue violations of security laws and fraud by Terra and Do Kwon.
Binance, the world's largest cryptocurrency exchange, has made significant changes to margin requirements and leverage tiers, causing a 5% surge in LUNC prices. Traders and investors are now eagerly assessing the impact of these adjustments on their trading strategies and positions.
In a significant announcement, Binance, the world's largest cryptocurrency exchange, has disclosed upcoming adjustments in margin requirements and leverage tiers. The move has triggered a 5% increase in LUNC, leaving traders and investors eager to understand the implications of these modifications on their strategies and positions.
In the midst of the ever-changing dynamics of the cryptocurrency market, Terra Classic (LUNC), the precursor to the troubled Terra (LUNA) network, has piqued the interest of artificial intelligence (AI) analysts. With its current valuation standing at a humble $0.000064, LUNC has certainly weathered its share of price fluctuations.
The world's largest crypto exchange Binance on Monday said it will adjust the leverage and margin tiers of some crypto perpetual contacts including 1000LUNCUSDT perpetual contract. LUNC traders responded immediately after Binance's announcement.
Recently, Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has experienced shifts in its value, which has seen its value settle at $0.000064 at the time of writing.
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both the company and Kwon.
The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin's lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem's collapse.
Regulators say the evidence for Do Kwon violating securities laws is “overwhelming.”
Kwon's TerraForm Labs legal saga escalates: the Securities and Exchange Commission seeks a precedent-setting summary judgment.
In response, defense team has asserted that the SEC has failed to prove that they were offering securities. Kwon was arrested in March in Montenegro with forged documents.
In an electrifying turn of events, the U.S. Securities and Exchange Commission (SEC) has escalated its legal onslaught against Terraform Labs ( TFL) and Do Kwon , with a bold motion for summary judgment.
The U.S. Securities and Exchange Commission (SEC) wants the court to issue a summary judgment in its case against Terraform Labs and its co-founder, Do Kwon. In a court filing dated Nov. 2, the SEC contended that the defendants' violations were abundantly clear and undisputed, obviating the necessity for a full trial.
The U.S. Securities and Exchange Commission (SEC) is demanding a summary judgment on all claims against Do Kwon and Terraform Labs following alleged breaches
