Cryptocurrency Archives - Page 3 of 77

SEC Vs TerraForm: ‘House OF Card’ Fraud Allegation Kick start, Judge Reluctant, Here Is Why

27Mar

By Daniel AbangNo Comments

SEC Vs TerraForm: ‘House OF Card’ Fraud Allegation Kick start, Judge Reluctant, Here Is Why

The main day of the eagerly awaited court session between the U.S. Security and Exchange Commission (SEC) and Do Kwon and TerraForm Labs has started. On the 25 of this month, the US District Court for the Southern District of New York circumspectly inspected the cases alleging that Kwon organized a deceitful third-party purchase during the 2021 TerraUSD (UST) depeg. https://twitter.com/zGuz/status/1772316946253361579 Read Also: Terra Classic Bearish Sentiment Dominant Amidst 13% Surge In LUNA May 29, 2021, stood out in history as one of the most troublesome days for the crypto space when UST dropped to below 3 cents from its original $1 peg. The SEC pointed an accusation to Kwon and fellow TerraForm Labs leaders of artificially expanding TerraForm Ecosystem trading volume and sett...

Terra Classic Bearish Sentiment Dominant Amidst 13% Surge In LUNA

26Mar

By Daniel AbangNo Comments

Cryptocurrency, Terra Classic (LUNC)

Terra Classic Bearish Sentiment Dominant Amidst 13% Surge In LUNA

Terra LUNA] as of late gotten back in the saddle as its prominence enrolled a sharp rise in recent hours. Because of that, the token began trending on the popular social media platform X. The explanation for this unexpected buzz may be a direct result of its bullish price action. Rise In LUNC Price The data from CoinMarketCap uncovered that Terra's worth increased by more than 13% in 24 hours. At the hour of composing, the token was trading at $1.28 with a market capitalization of more than $889 million, making it the 110th biggest crypto. Read Also: Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release In light of the ascent in value, LUNA likewise turned into a subject of conversation in the crypto space, causing a trend in X. This decidedly affected its social m...

Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick

22Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick

The Terra Classic (LUNC) ecosystem is experiencing a resurgence of interest, with the number of wallets holding LUNC and USTC surpassing a significant milestone of 5.5 million, as reported by Cosmos blockchain explorer, ATOMScan. This number even outpaces established cryptocurrencies like Cardano and Shiba Inu. This surge in holders highlights the unwavering commitment of the Terra Classic community despite the project's collapse in May 2022. The community appears dedicated to its revival. Read Also: XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community Exchange Support Fuels Growth: Support from major cryptocurrency exchanges, particularly Binance, is a key driver behind the rising number of LUNC and USTC holders. Binance's ongoing LUNC burn campaign, where ...

Does LUNC Possess The Potential To Break Out Of Current Consolidation? Details

22Mar

By Daniel AbangNo Comments

Terra Classic (LUNC)

Does LUNC Possess The Potential To Break Out Of Current Consolidation? Details

The Terra Classic (LUNC) token has been a symbol of attention as of late because of its remarkable price increment. This bullish market has seen the asset effectively defeat various levels of resistance, possibly boosting the confidence of investors. Be that as it may, the digital money market's volatility as of late prompted a consolidation period, with a brief delay in LUNC's upward movement. Read Also: Do Kwon to Face Charges in South Korea After Extradition Battle LUNC Market Performance At the time of composing LUNC is trading at $0.0001431, showing a 15.42% increase over the course of last month but an 18.42% decay over the past week. This mishap features the market's unpredictable nature. This decline can be credited to a broader correction inside the crypto market, where ke...

22Mar

By Daniel AbangNo Comments

Cryptocurrency, Dogecoin, Shiba Inu

ChatGPT Chooses Shiba Inu Over DOGE

With the bull run developing further in 2024, the meme-inspired coins are prepared for another bullish standoff this year. the coins saw a huge demand in late February and early March, the top coins in the meme coin industry performed over 300%, while some penetrated the 800% milestone. In the midst of this recently discovered frenzy for hype and community-driven altcoins, top coins like Dogecoin and Shiba Inu are the most widely recognized investment choices. Notwithstanding, the deep-rooted question continues as before for these two meme coins, which of the two has the potential to surpass the other? A scrutinization has been carried out as artificial intelligence has been put to test to summarize the result of the dominant question about the two Altcoins. Recall that early this...

Terra Luna Classic (LUNC) Burns Over 31 Million Tokens in a Single Day

20Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic (LUNC) Burns Over 31 Million Tokens in a Single Day

Lunc.tech, a prominent Terra Luna Classic (LUNC) community member, recently tweeted about a significant token burn initiative. In the last hour alone, a total of 140,225.41 LUNC tokens were burned through an unspecified transaction. https://twitter.com/lunc_tech/status/1770540642126508535 Breaking Down the Burn This hourly burn contributes to an even larger total for the day. According to the tweet, over 31.7 million LUNC tokens have been burned today. This figure is further broken down into two categories: Read Also: Solana Trader Turns $368 into $260,000 Riding Memecoin Wave Today Burned:839,630.931 LUNC tokens were likely burned through a built-in burn mechanism or a specific burn project. Today Burned by Tax:A significantly larger amount, exceeding 30,910,016.469 LUNC tok...

Imminent Dip Season: LUNC Staggers Expected Decrease Looms In Anticipation Of Do Kwon Court Case

20Mar

By Daniel AbangNo Comments

Terra Classic (LUNC)

Imminent Dip Season: LUNC Staggers Expected Decrease Looms In Anticipation Of Do Kwon Court Case

Bitcoin tumbles underneath $70K, which triggers a cascading type of influence, with altcoins like Terra Classic taking a 32% dip. LUNC trades at $0.00013, denoting a wild ride from the high experienced lately! This unexpected rejection in LUNC from a "Stiff seller congestion zone" shows that the coin might confront further dip soon. The Trending Legal Battling In Terra Classic Camp The impending fight in court between Terraform Labs, the company behind Terra Luna Classic, and the SEC is the saga that adds to the uncertainty of the market. the court hearing which is to be held on the 25 of this month has an impacting influence on the future of the Terra Classic and its entire ecosystem, The hearing will zero in on Do Kwon, a vital figure in Terraform Labs confronting an extradition procee...

Cross-Chain NFT Staking Goes Live on Enterprise DAO for Cosmos Blockchains

19Mar

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Cross-Chain NFT Staking Goes Live on Enterprise DAO for Cosmos Blockchains

Enterprise DAO, powered by Terra Money, has introduced cross-chain NFT staking for several Cosmos blockchains, including Terra, Stargaze, Juno, and Terra Classic coming soon. This innovation allows NFT holders to stake their digital assets across different platforms to earn rewards and privileges. Read Also: XRP: Can it Reclaim its Glory Days? Benefits of Cross-Chain NFT Staking on Enterprise DAO Streamlined NFT Staking: Stargaze and Juno NFT DAOs leveraging Ark Protocol can now enjoy one-click staking with no complex setup procedures. Advanced DAO Features: Enterprise DAO offers advanced functionalities like voting, treasury management, and rewards distribution for NFT-governed DAOs. Terra Luna Classic Upgrade to Support Enterprise DAO The Terra Luna Classic (LUNC) com...

Terra Luna Classic Gears Up for Major Chain Upgrade: Unanimously Approved Proposal Marks Milestone

16Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic Gears Up for Major Chain Upgrade: Unanimously Approved Proposal Marks Milestone

In a landmark decision hailed by the Terra Luna Classic community, the eagerly awaited software upgrade proposal, "Upgrade v2.4.2," has officially secured passage with resounding support from validators and stakeholders. With an overwhelming 100% "Yes" vote from LUNC holders and validators alike, the proposal signifies a pivotal moment in Terra Luna Classic's journey towards greater functionality and interoperability within the blockchain ecosystem. Read Also: Shibarium Explorer Gets Upgrade to Enhance Transparency Software upgrade proposal Scheduled to take effect at block height 17309000, the upgrade is slated to commence at 16:00 UTC on March 25, according to data provided by StakeBin, a leading authority in blockchain analytics. The proposal garnered widespread acclaim for its ...

Singapore Trading Platform Aims To Burn 30% Of LUNC Trading Fees Following Suite With Binance

15Mar

By Daniel AbangNo Comments

Terra Classic (LUNC)

Singapore Trading Platform Aims To Burn 30% Of LUNC Trading Fees Following Suite With Binance

The Terra Luna Classic's community mission to lessen the LUNC circling supply has been able to attract the support of another crypto exchange. A crypto future trading platform operating from Singapore WEEX declared an obligation to burn 30% of LUNC trading fees, this is in resonance with the burn of 50% trading fees for LUNC Mechanism by Binance. Read Also: BitPay Announces Increased Limits and Broader Payment Options for Crypto Purchases in the U.K. and EU, Including Shiba Inu (SHIB) The Help Of Two Exchanges In Burning LUNC WEEX in a post on the X uncovered its rationale to stand solidly with the Terra Luna Classic's Community and the ongoing revival to recover LUNC. WEEX plans to designate 15% of trading fees from its future Pro and Spot platform to add to the LUNC burn crusade....