Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Stablecoin Terra Classic USD, aka USTC, is up 12% since the start of the trading session, amid an announcement that major cryptocurrency exchange Binance has added a trading pair with USDT. In addition to USTC's price, the stablecoin's trading volume has also increased significantly over the past 24 hours, up 135.7%, according to Nomics.
USTC rebounded from intraday lows of $0.026 and reached highs of $0.029 at press time. At the time of publication, USTC was trading up 6% at $0.027.
Terraform Labs and co-founder Do Kwon have been charged with fraud by the U.S. Securities and Exchange Commission (SEC).
While the crypto market reel under regulatory action from US financial regulators, TerraClassicUSD (USTC) and Terra Classic (LUNC) prices show strength as blockchain upgrade v1.0.5 is almost here. It will make transaction fees (gas and burn tax) estimation and future chain upgrade a lot easier and smoother.
The price of Terra Classic ($USTC) has surged after its community approved the Terra Classic 11324 proposal to “Re-Peg USTC With LUNC,” which describes a way for the community to help $USTC's price reattain its peg.
LUNC community has passed a Signal proposal to repeg with Terra Classic USD (USTC) through an operational framework. Since the project announced the plans to bind the two assets together again, LUNC has gained 18%, while USTC has yielded 67.
Key Points: On February 3rd, the Terra Classic 11324 community proposal “Re-Peg USTC With LUNC” was approved. This proposal describes a framework for the LUNC community to rebind USTC from the code, consensus, and guideline levels.
Leading cryptocurrency Exchange Binance has announced it completed the distribution Terra's ($LUNA) second airdrop to eligible users who held Terra Classic ($LUNC) and TerraClassicUSD ($USTC) at the time of the snapshots both before and after the collapse of the Terra ecosystem in May.
Several proposals have been submitted in efforts to repeg USTC
It's been six months since Terra's algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.
Luna Foundation Guard released a third-party technical audit on 16 November The audit confirmed the absence of impropriety on the part of Terraform Labs and LFG. When Terra crashed, it caused billions of dollars in losses in the crypto world, both personally and for institutions.
Major cryptocurrencies were trading in green early on October 29 as the global crypto market cap jumped over $1 trillion from $979.72 billion on the previous day. The overall volume in DeFi was $4.00 billion, accounting for 4% of the total 24-hour volume in the crypto market.
The Terra community has been striving hard to regain the trust of the trading and investing market participants ever since the asset crashed in May earlier this year. Now, Terra's new chain Terra Classic (LUNC) and its current stablecoin, TerraClassicUSD (USTC) are facing a pump-and-dump trend. Currently, TerraClassicUSD (USTC) is selling at $0.
Binance, has released updates on deposit and withdrawal fees for LUNC and USTC on Terra Classic (LUNC) Network. Binance will now charge consolidation fees due to tax burn.
USTC is today's best performer from the lower-cap alts, while BTC stands still at $19,000.
Terra Ecosystem has been closely monitored ever since the crypto markets collapsed due to the native tokens of the network. The fall was historical, which created a domino impact on the other platforms as well.
Surprising Do Kwon appearance may lead to high volatility in all Terra ecosystem cryptocurrencies
The crypto market is bouncing back from another sudden move into the lows with Bitcoin, Ethereum, and other major cryptocurrencies recording heavy losses. In this dangerous environment for risk, there are a select few tokens still in profit with the potential to continue swimming against the tide in the coming weeks.
In a recent update, the world's popular crypto exchange Binance has extended support to the Terra Ecosystem by adding TerraClassic USD to its list of borrowable assets. According to an official announcement, Binance has added USTC as a new borrowable asset on the Binance Loans platforms. $LUNC community happy as hell about this.
Cryptocurrency traders have been anxious over the last 24 hours as the market reels from the Consumer Price Index data. During the past 24 hours, the overall cryptocurrency market has dropped by around 2% to $943 billion at the time of writing.
Terra Classic (LUNC) Price Despite a significant upswing, TerraClassic remains in bearish captivity as it consistently fails to reach the pivotal resistance at $0.00033. The platform introduced a 1.2% LUNC burn, which was anticipated to revive a bullish trend, but the bears comfortably restricted the price below $0.0003 even after the burn.
The price of the Terra ecosystem's algorithmic stablecoin that collapsed in May of this year, TerraClassicUSD ($USTC), has surged by over 90% over the past few days after a blockchain engineer submitted a proposal for it to be re-pegged to the U.S. dollar.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Market experienced another sell-off on October 11
