Terra Classic (LUNC), the original token of the collapsed Terra ecosystem, has been a hot topic of discussion lately. Adding fuel to the fire, the popular AI chatbot ChatGPT has made a prediction that has grabbed the attention of the crypto community. ChatGPT Predicts Potential Surge for LUNC At the time of writing, LUNC is […]
Leading cryptocurrency exchange Binance has fulfilled its commitment to the Terra Classic (LUNC) community by burning over 1.7 billion LUNC tokens in May. This burn comes amidst a broader market downturn that has pushed LUNC’s price below a key support level. Details of the May Burn Data from Terra Classic block explorer Terra Finder confirms […]
The legal battle between Terraform Labs, the company behind the Terra (LUNA) blockchain, and the SEC continues to heat up. At the heart of the dispute lies a massive $5.3 billion penalty the SEC seeks in damages, which Terraform Labs is fiercely contesting. SEC Accuses Terra of Targeting US Investors The SEC alleges that Terraform […]
Terra Classic, a prominent blockchain network, has introduced two key proposals aimed at bolstering security, decentralization, and development efficiency. These proposals come in the wake of the network’s ongoing efforts to establish itself as a robust and independent blockchain ecosystem. Enhancing Security and Decentralization Through Governance Rule The first proposal focuses on network security and […]
Terra Classic (LUNC) is currently trading at $0.0001056, inching up by 0.36% over the past day. While this gain is minor, it could be the beginning of a sustained upward trend for the token. AI Model Predicts Price Increase for LUNC To gauge LUNC’s future trajectory, we consulted Gemini, a sophisticated large language model (LLM) […]
Binance, the leading cryptocurrency exchange, has been a major supporter of the Terra Classic (LUNC) ecosystem since its crash in May 2022. This support comes through a monthly burn mechanism where a portion of LUNC trading fees are used to incinerate tokens, permanently reducing the total supply. Binance Burn Program: A Pillar of LUNC Revival […]
Terraform Labs (LUNA), the company behind the Terra blockchain ecosystem, announced plans to restrict access to its products and services for users based in the United States. This move comes in anticipation of a potential “conduct injunction” from the US Securities and Exchange Commission (SEC) following their ongoing legal battle. 🚨BIG BREAKING #LUNC 🚨 TERRAFORM […]
The Terra Classic (LUNC) community has resoundingly rejected a proposal (Prop #12095) that aimed for a tenfold increase in gas fees. While initial support existed, the proposal ultimately fell due to concerns over its negative impact on the ecosystem. This shift in sentiment has also affected the price of LUNC, the native token of Terra […]
The market capitalization of stablecoins, cryptocurrencies pegged to fiat currencies like the US dollar, has reached $160 billion this week. This milestone signifies a significant recovery for the stablecoin market, reaching a level last seen in May 2022, just before the dramatic collapse of Terra’s UST stablecoin. Read Also: Terra Classic Community Revives Network with […]
The Terra Classic ecosystem received a significant boost with the community overwhelmingly approving a proposal to restore the Inter-Blockchain Communication (IBC) link with Kujira. This move is expected to unlock frozen funds and enhance liquidity for the network. IBC Upgrade Secures Unanimous Support Proposal 12099, spearheaded by the RakoffToken team, aimed to re-enable the IBC […]