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Binance, the world's largest crypto exchange, has completed its 15th round of burning Terra Luna Classic (LUNC) tokens, totaling 760 million tokens. This brings Binance's total LUNC burn to nearly 40 billion tokens.
In the last 24 hours, Terra Luna Classic (LUNC) has seen some significant price movements. Currently, LUNC is trading at $0.000062, which marks a 5% decrease from its recent value. Over the same period, USTC has also experienced a notable price shift, now standing at $0.011, reflecting a 4% drop.
The world's largest crypto exchange Binance on Wednesday said it is removing selected margin trading pairs on Binance Margin. The crypto exchange is taking down some major crypto including Cardano (ADA), Polygon (MATIC), Avalanche (AVAX), Bitcoin Cash (BCH), Chainlink (LINK), Shiba Inu (SHIB), and Dogecoin (DOGE).
The world's largest crypto exchange Binance burns 760 million Terra Luna Classic (LUNC) tokens in the 15th batch of the LUNC burn. The total LUNC burned by the crypto exchange to date now reaches nearly 40 billion, with the total LUNC burned by the community surpassing 76 billion.
Terraform Labs and co-founder Do Kwon are defending against fraud and securities allegations by the U.S. SEC, arguing their cryptocurrencies are not securities, amidst a wider legal battle between crypto firms and regulators following the Terra ecosystem's $40 billion downfall in 2022.
Terraform Labs co-founder, Do Kwon, has recently appealed to a United States district judge to dismiss a lawsuit filed against him and his company by the U.S. Securities and Exchange Commission (SEC). Kwon maintains that the SEC has failed to demonstrate any wrongdoing on their part.
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC).
The trial of Shin Hyun-Seong, also known as Daniel Shin, a co-founder of Terraform Labs, alongside seven others, commenced in the Seoul Southern District Court in South Korea on October 30. The allegations primarily revolve around defrauding investors and the pivotal question of whether LUNA, Terra's native token, qualifies as a security.
Terraform Labs' new CEO Chris Amani shared exciting news for the Cosmos community to support infrastructure for all Cosmos chains. The Foundation business model would be willing to run the infrastructure for all chains on Cosmos, cutting down the massive costs.
Terraform Labs and Do Kwon challenge SEC's allegations, citing evidence deficit and demanding case dismissal.
Terraform Labs has asked a judge to dismiss charges from the U.S. Securities and Exchange Commission (SEC) of multibillion-dollar securities fraud. The document says that the SEC did not prove that Terraform Labs offered unregistered securities for trading.
Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea.
Do Kwon, the disgraced founder of the Terraform ecosystem, along with Terraform Labs, have asked a federal judge for a summary judgment in the SEC's fraud case against them.
Terraform Labs, the company behind the Terra blockchain and its native token LUNA, found itself at the center of a major crypto upheaval in May 2022 when the Terra USD (UST) algorithmic stablecoin suffered a devastating collapse.
Do Kwon, co-founder of Terraform Labs, has requested a U.S. district judge to dismiss the securities and fraud lawsuit filed by the federal securities regulator. Kwon's defense argues that the Securities and Exchange Commission (SEC) has failed to provide evidence of any wrongdoing.
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.
Terraform Labs and its co-founder, Do Kwon, are actively seeking vindication in their ongoing battle with the U.S. Securities and Exchange Commission (SEC). They have petitioned Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to rule in their favor.
Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC's securities fraud lawsuit against it.
Lawyers representing Terraform Labs and its co-founder, Do Kwon, have recently approached a New York judge with a bold request. They're seeking a summary judgment, aiming to bring the ongoing legal battle with the Securities and Exchange Commission (SEC) to a swift conclusion.
Lawyers representing Terraform Labs and its co-founder asked a judge to decide a case brought by the SEC in an effort to avoid a full trial.
Terraform Labs and its co-founder, Do Kwon, have approached a federal court to stand by their defense against the U.S. Securities and Exchange Commission's (SEC) allegations of fraud. They argue that the SEC has failed to provide solid evidence that the crypto entity dealt with securities.
Daniel Shin, co-founder of TerraformLabs, appeared in court on Oct. 30 and denied all charges against him in connection with the 2022 collapse of the Terra Ecosystem. He instead laid blame on his associate Do Kwon's “unreasonable” management practices of Anchor Protocol.
Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.
In an unexpected turn of events, the prices of Terra Luna Classic (LUNC) and USTC tokens have skyrocketed by nearly 15% and 12%, respectively, over the past week. This surge in value has taken both the crypto community and investors by surprise, leaving many intrigued by the reasons behind this impressive rally.
