While the SEC touts its enforcement as a win for investors, the crypto industry is rejoicing over Chair Gary Gensler's imminent departure.
Terraform Labs' near $4.5 billion settlement with the SEC has contributed to a record year for the agency's financial penalties.
Terraform Labs' $4.5 billion settlement with the SEC contributed to a record year for the agency's financial penalties.
The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023.
Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments.
Terra Luna Classic price has remained under pressure in the past few days, as it retreated by 10.95% from its highest level this week. LUNC, the remnant of the collapsed Terra network, was trading at the psychologically important support level at $0.00010.
TL;DR Curve Finance launches scrvUSD, a new stablecoin designed to offer low-risk returns and enhance the scalability of its underlying stablecoin, crvUSD. scrvUSD generates returns through lending and staking strategies, providing users with interest derived from yield-generating activities.
The DeFi platform Curve Finance has announced the launch of a new stablecoin called "Savings crvUSD" (scrvUSD).
Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome.
Terra Classic (LUNC) price has surged sharply over the past week, fueled by a broader crypto market rally. This bullish November trend is capturing the attention of investors, and analysts anticipate further upward momentum.
Terra Classic (LUNC) joined the latest rally that saw Bitcoin topping $80K for the first time in history. As altcoin bulls flexed their muscles, LUNC gained over 20% on its weekly chart. Ecosystem developments such as intensified token burns and broad market rallies contributed to LUNC's prevailing performance.
Terra Classic registered double-digit growth last week, but the trend might change soon.
Why is the major upgrade by Orbit Labs of crucial importance to Terra Luna Classic's chain revitalization path?
Terra Classic (LUNC) price has surged significantly recently, aligning with a broader crypto market rally drawing investors' attention. As bullish trends dominate November, LUNC's price momentum has sparked optimism among analysts, with a key target set at the $1 level.
LUNC News: OrbitLabs has proposed a thorough review of the new “Reverse Charge” tax system on Terra Classic. This tax mechanism aims to simplify tax handling on the blockchain by deducting taxes from the recipient rather than the sender.
A fraudulent app impersonating Curve Finance has resurfaced on the Apple App Store, misleading users and causing massive financial losses despite previous removals, highlighting ongoing issues with app store security in the crypto space. The post Fake Curve Finance App Returns to App Store appeared first on Cryptonews.
A Curve Finance scam app resurfaced on Apple's App Store for the third time, continuing to deceive users with false claims of token swaps.
Despite repeated takedowns, the fake Curve Finance app has returned to Apple's App Store, with reports of user losses intensifying.
A bankruptcy court has allowed the Avalanche Foundation to buy back 1.97 million AVAX tokens it sold to the defunct Luna Foundation Guard.
Luna Classic price was previously boosted by a court-sanctioned burn of 4% of LUNC token, and Trump's win just brought in new propulsion.
Terra Luna Classic's price rose for the second consecutive day as token burn activity accelerated this week. Terra Luna Classic (LUNC), the remnant of the collapsed Terra network, reached an intraday high of $0.
Terra Luna Classic price is inching closer to a breakout following increased market volatility resulting from the just-completed U.S. elections. LUNC price increased by 8.6% in the last 24 hours and is trading at $0.00009162 after Bitcoin momentum picked up and pushed the entire crypto market up by 6.4% to $2.588 trillion.
The Terra Classic price crawled back on Tuesday, November 5, reaching an intraday high of $0.000086. This LUNC recovery happened after Terra announced that it had permanently closed the Shuttle Bridge and burned the remaining tokens.
2025 will be TON's year of DeFi, and it has partnered with Curve Finance to support a competition to find early leaders.
2025 will be TON's year of DeFi, and it has collaborated with Curve Finance to support a competition to find early leaders.
Terraform Labs (TFL) has executed a large-scale token burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens from circulation. The burn was part of a settlement with the U.S. Securities and Exchange Commission (SEC) that required TFL to dispose of specific assets held in its Shuttle Bridge wallets.
Terra Classic is on the move! A breakout rally is building up, driven by high trading volume and a strong, bullish market trend.
The Terra Luna Classic community has approved a new tax handling proposal aimed at simplifying the tax system on the Terra Classic blockchain. This “Reverse Charge” mechanism changes how taxes are deducted in transactions, making it easier for developers and users to navigate the system.
The world's largest crypto exchange Binance burned 1.048 billion Terra Luna Classic tokens in the 27th batch of its LUNC burn mechanism. With the latest Binance LUNC burn, the total tokens burned by the Terra Classic community reached almost 137 billion.
Terra Classic [LUNC] price has sparked fresh optimism within the crypto community following a bullish breakout from an ascending triangle pattern. This technical move suggests a potential rally, even as broader market corrections persist.
Terra Classic's breakout rally gains traction with strong volume and bullish market patterns.
As centralized US dollar-pegged stablecoins continue to gain popularity, the potential for regulatory capture has grown.
A deceptive app imitating the DeFi platform Curve Finance recently surged in popularity on the Apple App Store, ranking within the top 100 finance apps as of Oct. 26.
The Terra Classic community is voting on a proposal to reduce users' network costs. The codebase currently deploys forked versions, which increases total maintenance costs and missed upstream improvements.
Curve Finance is not new to scams, with previous fake apps targeting its user base. Users are urged to verify app sources to safeguard their cryptocurrency assets.
A counterfeit app replicates Curve's finance logo, putting users at risk.
A fake Curve Finance app has infiltrated Apple's app store, gaining popularity despite warnings from the community.
Terra Luna Classic community has unanimously passed a proposal to remove the forked mainline modules from the Terra Classic blockchain. The developers have aimed to improve LUNC maintainability, reduce technical debt, and align with the broader Cosmos ecosystem.
Terra Classic (LUNC) burns 15 million tokens but faces price dip, declining open interest, and reduced volume.
Terra Luna Classic community vs. Do Kwon: The battle for fundamental CoinMarketCap data access finally has a winner.
The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession.
The Terra Luna Classic Community submitted a proposal to enhance maintainability and reduce technical debt within the LUNC ecosystem on October 20. The proposal has witnessed overwhelming support (so far), with over 99% of participants supporting the move.
LUNC news: The Terra Classic community has advanced a proposal that aims to reduce the broader costs of the ecosystem. The proposal, which was submitted on October 20, already received a majority vote in favor of it.
Terra Luna Classic (LUNC) Price has surged significantly, showing a bullish trend over the past 24 hours. The cryptocurrency is witnessing increased momentum, increasing its price after a weekly burn.
In the $4.5B settlement with the SEC, the original issuer of LUNC is obliged to burn all owned assets.
Do Kwon's extradition decision is reportedly nearing completion, with Montenegro's Justice Minister indicating that an announcement will be made by Sunday.
LUNC News: The Terra Luna Classic proposal to take access to the relevant accounts and dashboard maintained with Terraform Labs (TFL) is almost approved by the community. As a result, LUNC and USTC price gains upside momentum to breakout resistance levels amid the latest developments.
Exposing Terra's shadows: Do Kwon secretly made crypto transfers In Jail as Montenegro pondered over extradition.