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The legal team of Terraform Labs former CEO Do Kwon declares that the United States Securities and Exchange Commission (SEC) deposition request is not viable.

Lawyers representing Do Kwon, the former CEO of Terraform Labs, have pushed back against the U.S. Securities and Exchange Commission's (SEC) bid to depose him on American soil. The legal team argues that Kwon's current detainment in Montenegro makes it impossible for him to comply with the SEC's request.

Do Kwon, the founder of Terra Labs, is embroiled in a battle against the Security and Exchange Commission (SEC). The SEC is making concerted efforts to extradite him to the United States.

The legal defense for Terraform Labs submitted a court filing that aims to show that its former CEO, Do Kwon, cannot be extradited to the United States. In a Sept.

Terraform Labs founder Do Kwon has firmly contested the U.S. Securities Exchange Commission's (SEC) bid to interrogate him within the United States concerning the tumultuous downfall of Terra and Luna stablecoins.

A court should oppose the SEC's move to take former Terra CEO Do Kwon's deposition in the U.S. because he is detained, his lawyers argued.

The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.

Over the past week, the Terra Luna ecosystem has taken the altcoin market by storm, with both LUNA and LUNC experiencing remarkable surges. Traders are becoming more bullish as these altcoins break several resistance levels in quick succession, indicating a comeback in buying interest.

For almost six weeks, the LUNC price has witnessed high volatility, establishing a short-term sideways trend. Within this consolidation period, an ascending support trendline has been acting as a cushion for buyers, preventing the coin from a significant downside.

In the ever-evolving world of blockchain technology, the concept of self-governance stands as a defining pillar. Now, the Terra Luna Classic community takes center stage by leading a pivotal vote for a soft fork, ushering in a new era of technical advancements and financial possibilities.

Terra chain to secure a soft fork boost as $LUNC lingers above crucial support levels.

The Terra Luna Classic community is gearing up for a vote on a soft fork, which aims to establish a minimum commission requirement for validators and introduce various technical enhancements. This decision follows a recent proposal to increase the minimum deposit amount to 5 million LUNC to deter spam proposals.

Members of the Terra Luna Classic community are set to vote for a soft fork that brings about setting minimum commission for validators along with some other technical improvements. This comes after the recent proposal to raise the minimum deposit amount to 5 million LUNC to prevent spam proposals.

While the leading Cryptocurrency, Bitcoin has traded majorly sideways for over a year, several altcoins have witnessed indecisiveness in their decent price behavior. However, despite this turbulence, the LUNC price has managed a sustained relief rally under the influence of the ascending trendline.

In a significant development, the Terra Classic community has chosen to end the minting and reminting of Terra Classic USD (USTC) tokens, marking a pivotal moment more than a year

TerraUSD Classic's (CRYPTO: UST) minting will cease after a community vote on the stablecoin's governance forum. This led to a 59% vote of approval to stop all USTC mining, while 40% opposed it.

The ongoing legal drama between blockchain companies and regulatory authorities has entered a new phase, as the Securities and Exchange Commission (SEC) initiates a strong legal move against Terraform Labs PTE LTD and its leader, Do Hyeong Kwon. In a recent filing with the United States District Court in the Southern District of New York, the SEC has expressed its intent to either depose Kwon, who is currently in Montenegro, or prevent the defendants from using a declaration from Kwon in their summary judgment.

In the ever-evolving world of cryptocurrencies, Terra Classic (LUNC) has been capturing the attention of enthusiasts and investors alike over the past year. However, recent signals on the price charts have left many questioning their confidence.

In the realm of content creation, three essential elements come into play: “complexity,” “variability,” and “unpredictability.

Over 55% of voters supported the proposal that included the impossibility of minting and reminting of USTC without the approval of the Terra Classic community.

TerraUSD Classic, the stablecoin at the center of Terra's implosion, will no longer be minted.

The Terra Luna Classic (LUNC) community has voted overwhelmingly, with nearly 60% in favor, to cease the minting and reminting of Terra Classic UST (USTC) tokens. The drastic decision, in a decisive move aimed at rescuing the beleaguered Terra Classic stablecoin, comes in the wake of Terra's collapse in May 2022, which had sent shockwaves through the crypto market, leaving USTC's value in shambles.

Dark Clouds have always encircled the terra community, and minting is not new in the ecosystem. Recently, in response to the UST de-pegging crisis, the Terra Classic community has taken a crucial step to salvage the struggling Terra Classic UST tokens.

About 59% of voters were in favor of the move, which comes more than a year after the original Terra Luna collapsed.