Do Kwon to Remain in Custody After High Court Moves to Revoke Bail
According to a court statement released on Thursday, Do Kwon, the co-founder of Terraform Labs, will continue to be held in custody as he confronts allegations of falsifying official documents in Montenegro. Initially, a bail request was granted but subsequently revoked. After the Basic Court in Podgorica, the capital of Montenegro, initially approved a bail […]
Terra Classic Team to Create New Concept to Facilitate USTC Re-peg
To determine the circumstances of the USTC de-peg and simulate a probable re-peg event, the Terra Classic (LUNC) L1 team intends to set up a test environment. The L1 Joint Task Force (L1JTF) is working to establish a test environment where different concepts for facilitating the USTC re-peg and bringing USTC to $1 can be […]
TGF to Prioritize Seeking External Funding for Terra Classic
The Terra Grant Foundation (TGF), a non-profit devoted to the Terra Classic (LUNC) ecosystem with headquarters in San Francisco, will concentrate on securing external funding for Terra Classic-related projects and initiatives. The Terra Grant Foundation Director and renowned developer Edward Kim recently revealed the strategic operating change. In a news statement headlined “The Next Episode,” […]
Terra Classic Keeps Dropping; Down 17% in the Past Week
Numerous unfavorable events occurred in the Terra Classic (LUNC) ecosystem last month, the majority of which are to blame for the token’s downward price trend. A prior report showed that the price of Terra Classic (LUNC) decreased by 13.6% in April. Due to recently established plans and proposals, the community was hoping for a recovery […]
Terra Classic Set to Integrate AI for LUNC Burn; What to Expect?
Block Entropy, an application chain powered by artificial intelligence (AI) that can potentially transform the chain, is set to be integrated into Terra Classic (LUNC). This integration might raise the Price of LUNC. Recent images of the product’s partially finished whitepaper were released by Edward Kim, a key developer of the Terra classic blockchain, who […]
New Terra Classic Validator Removes About 14B LUNC from Circulation
After only 24 hours of operation, a new Terra Classic (LUNC) validator has staked up to 13.98 billion LUNC tokens. This was accomplished mainly by LUNC ONE, a Chinese validator, through irregular transactions, including redelegation occurrences. According to data from a Terra Classic analytics tool, the validator, known only as “DFLunc.app,” reportedly received up to […]
With a 13.6% drop in April, Can Terra Classic (LUNC) rebound this month?
The Terra classic ecosystem has faced various difficulties in the past months this year, which has resulted in LUNC experiencing several price fluctuations. According to data from Coinmarketcap, Terra classic (LUNC) price has been down 13.6% in the past 30 days. In the past 30 days, the Terra classic (LUNC) ecosystem has been experiencing several […]
Latest USTC Re-peg Proposal Now Passed; LUNC to $1?
The most recent proposal to restrict the Terra Classic USD (USTC) re-peg has been approved by the Terra Luna community. This development occurred earlier in the week and is expected to provide a boost to the price of LUNC. The proposal named 11487 is aimed towards providing a framework to repeg the price of USTC […]
Terra Classic (LUNC) Up 4.02% in the Last 24 Hours; What’s Next?
Terra Classic (LUNC) is currently up 4.02% in the last 24 hours, according to data from Coinmarketcap. Notably, the token has suffered some adverse developments in the past few days. Recently, the Korean court declared that Terra Classic (LUNC), the renamed native token of the Terra network that crashed severely last year, is not a […]