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Hong Kong rating agency Hong Kong Virtual Asset Consortium (HKVAC) to consider including Terra Luna Classic (LUNC) in its digital asset index. The Hong Kong rating agency announced the initial list of cryptocurrencies for its large market cap index, but it also plans to announce other indexes to include more cryptocurrencies in its supported list.
In the ever-shifting environment of cryptocurrency, some assets are exhibiting encouraging signs and blockchain developments that make it worthwhile to examine them as prospective investments in the coming weeks.
Decoupling from the later June recovery in the crypto market, the LUNC price has been in a sideways trend for over three weeks. The daily candle showcasing short bodies with longer wicks on either side indicates uncertainty among market participants.
Swiss authorities have taken action to freeze around $26 million worth of bitcoin (BTC) and other cryptocurrencies linked to Terraform Labs, its founder, Do Kwon, and other key individuals.
Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were confiscated from Sygnum, a crypto bank based in Zurich. The U.S.
In the wake of the devastating collapse of the Terraform Labs ecosystem in 2022, the project's native cryptocurrency, Terra Classic (LUNC), experienced a dramatic price crash.
South Korea's nearly 7 million registered users, many in the nation's capital, show a huge interest in trading crypto. But CoinDesk's 4th-ranked Crypto Hub for 2023 is still licking its wounds after the catastrophic collapse of Do Kwon's Terra blockchain – for a time, South Korea's favorite crypto project.
A Terra Luna Classic proposal aims to burn all Terra Luna Classic (LUNC) tokens from the community pool reminted from the crypto exchange Binance's LUNC burn mechanism. Binance reduced its contribution from 100% to 50% after it discovered that the LUNC burn was being reminted as a community pool fund for developers.
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly believe that luna classic (LUNC) has “limitless upside potential.
Terraform Labs CEO Do Kwon moved 1 million USDC from his personal wallet to a new wallet that had not been used since May.
Swiss authorities have reportedly seized over $26 million worth of Bitcoin and other digital assets connected to Terraform Labs and its former executives. This move comes as the latest in a series of legal repercussions following the collapse of Terraform Labs' crypto project in May 2022.
Swiss authorities have reportedly frozen $26 million worth of assets from Terraform Labs and its founder, former crypto billionaire Do Kwon. The assets frozen included Bitcoin (BTC), and was frozen from Swiss digital asset bank Sygnum, reports Korean outlet Digital Asset.
Terra Classic (LUNC) has reached a critical juncture in its journey towards revitalization. A collaborative governance proposal has surfaced, outlining the formation of a dedicated team of senior full-stack engineers called the Six Samurai.
Swiss authorities seized millions of dollars of crypto linked to Terraform Labs and its associates, Digital Asset said on June 24. The news outlet said that authorities froze $26 million of Bitcoin and other digital assets held at the Zurich-based Sygnum Bank.
Authorities in Switzerland have reportedly frozen crypto assets tied to former Terraform Labs CEO Do Kwon and other top figures within the cornered company.
Swiss authorities have taken a significant step in the ongoing investigation into Terraform Labs and its top executives by freezing approximately $26 million in cryptocurrency funds. Following requests from U.S.
The crypto market is filled with hidden dangers, and requires careful research before investing. Not all cryptocurrencies are worthwhile bets. The likes of Terra Classic and Pepe offer lots of risk but no real value.
The 'Six Samurai' proposal presents roadmap to important components such as the migration from Columbus-5 to Columbus-6 and an upgrade to the Cosmos SDK.
LUNC may get its revival after a group of six engineers proposed a plan to rekindle what was lost back in May 2022.
$26 million in crypto linked to Terraform Labs and held in digital asset bank Sygnum has reportedly been frozen by Swiss authorities.
The New York Federal Prosecutors Office and the US Securities and Exchange Commission (SEC) asked Swiss prosecutors to freeze crypto assets and fiat currency related to Terraform Labs and co-founder Do Kwon in digital asset bank Sygnum. The move comes after Dentons, a top law firm representing Terraform Labs and co-founder Do Kwon, filed additional
Some LUNC token holders remain committed to a Terra ecosystem revival.
LUNC News: Terra Luna Classic proposal for the TerraClassicUSD (USTC) incremental repeg modeling and simulation is up for voting. The initial voting indicates that the community supports the proposal and the Quant team developers, who will work on USTC repeg to $1.
The funds supposedly belonged to Do Kwon, Chang-joon Han, Nicholas Platias, and TFL corporation.
