Why are Luna Classic and USTC going up? Here are the reasons
Terra Luna Classic’s upward momentum has reached new heights following the unanimous approval of a crucial proposal by its community.
LUNA News (Latest Publications)
Terra (LUNA) was a cryptocurrency developed by Do Kwon and his company Terra Labs. With this, they intended to create an ecosystem for DeFi applications powered by LUNA and its algorithmic stablecoin UST.
However, in May 2022, LUNA lost 99.99% of its value when UST decoupled from the value of the dollar, losing investor confidence and being accused of being a fraud. In fact, Do Kwon currently has an international arrest warrant and is wanted by authorities.
LUNA was renamed LUNC (LUNA Classic) in an attempt to revive the project, although it was never able to return to its former glory.
In this section, you will find all the news about LUNA and LUNC, which still has many investors who support it.
Terra (LUNA) Community Report: Burning USTC and Developing Features
The Terra (LUNA) community has been busy in the past month with various developments and achievements in the cryptocurrency ecosystem. Here are some of the highlights:
Prime Core Technologies Lost $8M Following Investment in TerraUSD
Prime Core, in its recent filing with the United States Bankruptcy Court for the District of Delaware, stated that the firm lost $6 million in client
Terra Suspends Website to Prevent Phishing Attacks
The blockchain Terra, has proactively safeguarded its users by temporarily suspending its website. The move comes as a response to the persistent threat of phishing scams
South Korean officials seek to arrest Daniel Shin, Do Kwon’s colleague
South Korean authorities have intensified their attempts to arrest Shin Hyun-Seong (Daniel Shin), Terra’s second co-founder, after the alleged “runner,” Terraform Labs’ founder Do Kwon, was
Interpol Issues Red Notice For Do Kwon
The Co-Founder of Terraform Labs, Do Kwon is subject to strict actions from law enforcement agencies. In a recent development, Interpol has issued a red notice
Arrest Warrant Issued Against Terra Co-founder Do Kwon
A South Korean court has just issued an arrest warrant against Do Kwon, CEO of Terraform Labs, after the frantic collapse of the Terra/LUNA ecosystem. The
What Is the Rise of Terra Classic Due To?
In spite of the fact that Terra Classic suffered a massive blow earlier this year, it has recovered to rise again. One of the top gainers
South Korean Prosecutors Raid 7 Crypto Exchanges Amid Terra Investigations
Prosecutors from South Korea are aggressively investigating the sudden crash of Terra and its native tokens, TerraUSD and LUNA. They have now carried out a seizure
Terra Classic USD (USTC) Has Risen 800% in the Last Week, What is the Reason?
The crash of Terra alarmed the entire crypto industry. The global investing community panicked and raised concerns over the future of crypto. Moreover, the fall of
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