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Terra Luna Classic (LUNC) price is at a very critical level, and a breakdown may open doors to a massive upside. Things are not looking good for the holders of the troubled coin.
The SEC has hinted it may be set to appeal a recent court ruling against the agency in its case against Ripple Labs and the XRP token.
The US Securities and Exchange Commission (SEC) has added additional documents to its lawsuit against Terraform Labs and its CEO Do Kwon.
Terraform Labs, the blockchain-focused company behind Terra (LUNA), finds itself facing significant challenges as it navigates through frequent accusations against its former CEO, Do Kwon.
This month's partial victory for Ripple in its long-running legal fight with the Securities and Exchange Commission is now being used as a possible means to toss out a different crypto court battle.
Terra Luna Classic, a leading decentralized platform, has achieved a groundbreaking milestone by voting in favor of a proposal to create a community-owned wallet. This visionary move empowers stakeholders to actively govern the wallet's infrastructure, reducing reliance on external entities and solidifying the platform's commitment to decentralization.
In a groundbreaking move, the Terra Luna Classic (LUNC) community has voted to take ownership of the wallet infrastructure development. The proposal, presented by core developer Joint L1 Task Force (L1TF) and spearheaded by LUNC validator Happy Catty Crypto, has officially passed after receiving overwhelming support from the community.
The Wall Street Journal reports that Terraform Labs has appointed Chris Amani as the new, interim CEO of the crypto firm, while founder Do Kwon has been sentenced to four months in jail by a Montenegro court after being found guilty of document forgery. "The Hash" panel discusses the latest developments.
This week's hiring news was dominated by two crypto firms mired in controversy: FTX and Terraform Labs.
Terra Luna Classic core developer Joint L1 Task Force (L1TF) suggested creating a community-owned wallet, which will be managed by the Terra Luna Classic (LUNC) community through governance. LUNC validator Happy Catty Crypto's revised proposal to prioritize building wallet infrastructure and prevent privatization is officially passed by the Terra Luna Classic community.
The SEC has signaled that it will appeal the ruling by Judge Analisa Torres about XRP not qualifying as a security. The ruling was cited by Do Kwon in his motion to dismiss the regulator's lawsuit against him.
SEC lawyers told a federal judge that portions of the Ripple Labs case that went against the agency were wrong and should be ignored.
Terraform Labs appointed a new chief executive officer following Do Kwon's resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team's “vision” for rescuing the beleaguered blockchain project.
Terraform Labs' new interim CEO is leaving the door open for the return of Do Kwon, but has a mammoth task ahead if he's to revitalize the company behind failed stablecoin Terra (UST).
Terraform Labs, the blockchain company at the center of an ongoing fraud case brought forth by the U.S. Securities and Exchange Commission (SEC), is making headlines once again for its unconventional defense strategy.
Terraform Labs is making headlines once again, this time for seeking access to FTX wallets as part of its defense in its ongoing fraud case. A recent report revealed that Terraform Labs has sought permission from a Judge to subpoena information from the bankrupt FTX crypto exchange.
Chris Amani, previously the COO and CFO, is now the CEO of Terraform Labs, succeeding co-founder Do Kwon
However, some experts and analysts are skeptical about Terraform Labs' new efforts and its ability to regain the trust of the crypto community.
In the face of legal turbulence surrounding its co-founder, Do Kwon, blockchain firm Terraform Labs has appointed a new CEO. The change in leadership comes as Kwon, also Terraform Labs' principal shareholder, is under the threat of possible extradition to South Korea or the U.S. from Montenegro.
Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithm stablecoin in 2022.
Terraform Labs, the firm behind the Terra/Luna collapse of 2022, is asking the United States Bankruptcy Court to serve FTX Trading Ltd. with subpoenas.
Terra and Do Kwon's legal team argued that the recent ruling in the case of US SEC v. Ripple Labs directly impacts their motion to dismiss.
Terraform Labs is asking a court to allow it to subpoena certain information about accounts, wallets and assets from bankrupt exchange FTX.
According to Bloomberg, Terraform Labs seeks information from FTX to defend against SEC accusations. The case involves allegations of illegal activity and unregistered securities causing crypto losses of $40B+.
