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The world's largest crypto exchange Binance burns 796 million Terra Classic (LUNC) tokens in the 13th batch of the LUNC burn mechanism. The LUNC burned by the crypto exchange to date reaches nearly 37 billion, with the total LUNC burned by the community surpassing 74 billion.
LUNC News: The community pool spend proposal to provide funds to the USTC Quant team for the month of August is officially passed by the Terra Luna Classic community. The proposal was resubmitted by the USTC repeg team after it initially failed to receive minimum votes amid the Terra Station wallet issues.
In a move that could potentially reshape the landscape of cryptocurrencies, Terra Luna Classic has introduced a groundbreaking proposal for a decentralized debit card. This visionary concept has the potential to revolutionize the way users interact with digital currencies, opening doors to increased adoption and participation in the crypto market.
The Terra Luna Classic community votes on a new proposal to introduce a decentralized debit card to the Terra Luna Classic (LUNC) ecosystem. A new validator has come up with an idea to work on a debit card focused on LUNC to increase utility and burns.
Despite the short term pump, bears continue to extend their dominance on Luna Classic's price action.
Terra Classic's crusade to revitalize the network escalates, but not without heated debates among the community.
Terra Luna Classic developer L1 Terra Classic Task Force (L1TF) finalizes preparation for the v2.2.0 core upgrade of the chain. The core developer team successfully tested the upgrade on the rebels-2 testnet for a week before the mainnet is expected to go live in September starting.
Terra Classic (LUNC) — formerly Terra (LUNA) — reached an all-time high price of $119.18 on April 5, 2022, as well as an all-time high market cap of $41 billion on the same date. This was just one month before the UST collapse, leading to a price crash for the native token LUNC.
Over 5 billion previously staked LUNC coins were removed on 28 August. This has increased concerns over a further decline in the altcoin's value.
The Terra Luna Classic community considering reopening of LUNC and USTC market swap function, which was disabled after the 2022 Terra-LUNA crisis. The L1 core developer team decided to not create a limiter as per the USTC repeg team's proposal due to the impact on rewards, delegates, validators, and the community pool.
In the enigmatic realm of cryptocurrencies, the month of August unfolded as a captivating saga for Terra Classic coin, capturing the undivided attention of cryptocurrency aficionados. The coin's tumultuous journey, characterized by rapid price oscillations, has not only sparked intrigue but also underscored the mercurial nature of the crypto market.
Some community alerts were given on August 28, related to Terra Classic (LUNC), as investors saw 5 billion LUNC being unstacked. Raising concerns that such a massive amount of tokens could have negative effects on the price.
Meme cryptocurrencies have always been lucrative investments for market participants for their dynamic move and massive returns. Though their volatility may shake out some investors, with the right setup they can offer huge ROI.
The Terra Luna Classic community revotes on a crucial proposal to fund the USTC Quant team after an initial proposal failed to receive the minimum votes for the proposal to pass the benchmark. The USTC repeg team has resubmitted the proposal as they believe the voting lacked proper turnout after the Terra Station wallet encountered
The TRON founder has built a crypto empire that would cause collateral damage if it collapsed.
Terra Luna Classic drowns in boiling waters as conflicts tear the outspoken community apart.
The Terra ecosystem tokens have seen a significant drop in value over the past two weeks. Terra (LUNA) and Terra Classic (LUNC) prices plummeted by more than 20% amid issues with Terra Money domains and the Station wallet.
Upbit, a Singapore-based cryptocurrency exchange, plans to launch a LUNA2 airdrop targeting LUNC holders, marking a significant milestone in the rebranding process. The airdrop will be distributed staggered over 24 months, with LUNC holders receiving an extra 30% of the initial airdrop.
Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a so-called descending channel pattern. This pattern, characterized by successive lower highs and lows, mirrors an active market sentiment favoring sales during attempts at bullish rebounds.
The world of cryptocurrency experienced a minor shakeup as Terra Luna Classic (LUNC) saw a slight 1% decline in its price over the last 24 hours, settling at a value of $0.00006553. This dip in value comes on the heels of an unfortunate incident, where the terra.money website fell victim to a hacking attempt aimed at phishing.
Terra Classic's community is in the middle of a heated debate surrounding the LUNC cap.
The Terra Classic coin started witnessing aggressive selling in mid-August leading to a sharp drop from $0.0000658 to $0.00005234. The downfall recorded a 34% drop retesting the support trendline of the falling channel pattern.
Terra Luna Classic validator Nova on Wednesday announced a plan to provide funding to the Quant USTC repeg team directly as a proposal failed amid Station issues. The Terra Luna Classic community has rejected the community pool spend proposal to fund the USTC Quant team for the second month.
A judge has granted the U.S. Securities and Exchange Commission (SEC) permission to work with international authorities to question one of the co-founders of Terraform Labs. Court records indicate that District Judge Jed S.
