Terraform Labs Archives - Cryptolifedigital

Terraform Labs’ CEO Chris Amani Announces Game-Changing Infrastructure Support for Cosmos Ecosystem

3Nov

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Terra Classic (LUNC)

Terraform Labs’ CEO Chris Amani Announces Game-Changing Infrastructure Support for Cosmos Ecosystem

In a groundbreaking move, Terraform Labs' newly-appointed CEO, Chris Amani, has unveiled a visionary plan to provide crucial infrastructure support to the Cosmos community. This initiative aims to significantly reduce the infrastructure costs associated with running various chains on the Cosmos network, sparking tremendous excitement within the Cosmos ecosystem. Foundation's Business Model to Support All Cosmos Chains Under this innovative proposal, the Foundation's business model is willing to undertake the responsibility of running the infrastructure for all chains within the Cosmos network. This strategic move seeks to alleviate the massive costs and technical complexities associated with maintaining a robust and efficient infrastructure for Cosmos chains. https://twitter.com/MrDia...

Terraform Labs Founder Do Kwon Released from Detention; Terra Luna Classic (LUNC) Price Surge Anticipated

1Nov

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terraform Labs Founder Do Kwon Released from Detention; Terra Luna Classic (LUNC) Price Surge Anticipated

In a significant turn of events, Do Kwon, the founder of Terraform Labs, has been released from detention. This development has sparked anticipation within the cryptocurrency community that his return could contribute to a potential spike in the Terra Luna Classic (LUNC) token's price. https://twitter.com/TotalLunaMoon/status/1719335328371118404 Do Kwon's Release from Detention Do Kwon, a prominent figure in the blockchain and cryptocurrency space, had been in detention for an undisclosed period due to legal matters. While details regarding his arrest and release remain limited, his return to the cryptocurrency scene is generating considerable interest. Read Also: XRP Surges Over 25% in Two Weeks as Whales Return to the Fold Impact on Terra Luna Classic (LUNC) The Terra Luna Clas...

Terra Classic’s L1TF Reveals Ambitious Plans for v2.2.0 Core Upgrade

24Aug

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Terra Classic’s L1TF Reveals Ambitious Plans for v2.2.0 Core Upgrade

In a recent groundbreaking announcement, the L1 Terra Classic Task Force (L1TF) has unveiled its eagerly awaited plans for the upcoming v2.2.0 core upgrade of the Terra Luna Classic blockchain. This upgrade is poised to usher in a new era of innovation and advancement within the Terra Classic ecosystem, marking a significant milestone for the blockchain community. Terra Classic's L1TF to do another major upgrade The development journey towards the v2.2.0 upgrade has been nothing short of impressive. Vinh Nguyen, a prominent developer from the L1TF, highlighted the successful completion of Sprint 2, spanning from August 8 to 21. This sprint culminated in the release of the first version (rc1) of the core v2.2.0 upgrade. This achievement not only signifies the dedication and expertise of t...

Kwon’s Legal Team Cites Ripple’s Victory in Bid to Dismiss SEC Lawsuit against Terraform Labs

21Jul

By OLAJIDE SAMUELNo Comments

Blockchain

Kwon’s Legal Team Cites Ripple’s Victory in Bid to Dismiss SEC Lawsuit against Terraform Labs

In a significant development, Do Hyeong Kwon's legal team has turned to the recent victory secured by Ripple and XRP against the U.S. Securities and Exchange Commission (SEC) to bolster their bid to dismiss the regulatory watchdog's lawsuit against their client and Terraform Labs. According to a supplementary document filed on July 18, Kwon's lawyers highlighted the decision made by Judge Analisa Torres in the SEC v. Ripple Labs case, which ruled that the digital asset XRP was not a security. The defendants' legal team asserts that the SEC's claims against the tokens UST, LUNA, wLUNA, and MIR lack merit, drawing parallels to the Ripple ruling. The Ripple decision stated that certain sales of XRP did not meet the criteria to be classified as investment contracts under the Howey test. ...

Dentons Files Additional Documents in Support of Terraform Labs and Do Kwon’s Motion to Dismiss SEC Lawsuit

17Jun

By CryptolifedigitalNo Comments

Blockchain

Dentons Files Additional Documents in Support of Terraform Labs and Do Kwon’s Motion to Dismiss SEC Lawsuit

Top law firm Dentons has filed supplementary documents in defence of Terraform Labs and its co-founder, Do Kwon, in their ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The court hearing, which took place on Thursday, focused on whether the digital assets created by Terraform Labs should be classified as securities under an "investment contract." Dentons Lawyers Claim UST Is Not A Security Dentons lawyers, representing Terraform Labs and Do Kwon, strongly assert that the algorithmic stablecoin UST (now USTC) does not qualify as a security, as its primary purpose is practical rather than an investment contract. The additional documents submitted by the legal team support their motion to dismiss the SEC lawsuit and include pertinent evidence from various so...

Jared, A TFL Staff Highlights Some Major Benefits The Terra Classic Stands To Enjoy From Terra Station Independence

10Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Jared, A TFL Staff Highlights Some Major Benefits The Terra Classic Stands To Enjoy From Terra Station Independence

In the recent development, the man that stands as the middle man between the Terraform Labs (TFL) and the Terra Classic, Jared, has given a clue to the benefits that the Terra Classic network stands to gain in its step-to-stand-alone, building its station. The Terra classic community influencer Classy made it known in his recent tweet, sharing a discord picture containing the conversation with Jared. The message stated how TFL plans to work with TFL developer groups to address challenges faced by community members on Terra Station. Read Also: Ripple Naming Services Works To Launch On XRP Ledger To Solve The Complexity Of Crypto Wallet Addresses. How Feasible is This? Jared, A Tfl Staff, Mentions Some Significant Benefits For Terra Classic. Additionally, the developer said that...

Terra Rebel Launches A LUNC Wallet (Rebel Station) To Reduce Over Dependence On The Terraform Labs’ Terra Station

30Nov

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Rebel Launches A LUNC Wallet (Rebel Station) To Reduce Over Dependence On The Terraform Labs’ Terra Station

In a recent development, the Terra Rebel unveiled the Rebel Station, dubbed “Another step towards autonomy.” Terra Rebels; “With the ardent efforts of the Frontend Team, Rebel Station is ready for launch,” it is worth noting that the Rebel Station is the Terra Rebels’ response to the Terra Station while some noted that the interface seems identical to that of the Terra station, as stated by the @reXxTerraRebels, AKA reXx, the biggest difference is that it cuts off the dependence on Terraform Labs. Notably, as the Terra Rebel explained, with a wallet managed by the Terra Classic community, there would be less downtime required to perform version upgrades as it would not have to go through TFL. Read Also: United States-based Finance Services Company, Fidelity Investments, Hints ...

Do Kwon To Throw A Conference Soon To Debunk The Falsehood Against Him, He Invites Cops Around The World To Attend

4Nov

By OLAJIDE SAMUELNo Comments

Blockchain

Do Kwon To Throw A Conference Soon To Debunk The Falsehood Against Him, He Invites Cops Around The World To Attend

A recent tweet revealed that the Terraform Labs, Do Kwon, would be holding a conference to refute the stories making the rounds, looking forward to inviting the police. Do Kwon To Debunk Falsehood Via Conference A tweet was shared recently featuring Do Kwon responding to the latest reports making the rounds online, saying he would be holding a conference to debunk the “falsehoods.” https://twitter.com/stablekwon/status/1588298460595249153 CEO Kwon welcome with open hands those sharing the stories, saying; “Show up if you dare,”. According to the report from the Korean Broadcasting System (KBS) which was made recently, alleging that the South Korean prosecutors had got proof that Do Kwon manipulated the price of Terra Luna Classic (LUNC) and is hiding in Europe also noted th...

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

18Oct

By CryptolifedigitalNo Comments

Blockchain

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

It seems that Terraform Labs is interested in the ongoing revitalization project of the LUNC token, the team recently launched a proposal named Terra Expedition an ecosystem expansion program, which was created in a bid to strengthen and expand the Terra ecosystem through several initiatives. Terraform Labs Launches Terra Expedition This new development was unveiled on the Terra Agora. It is worth noting that this program is expected to run for four years, and will focus on incentivizing developers to build decentralized applications (dApps) on the Terra Classic network, deepening liquidity, and onboarding new users to the Terra ecosystem. Read Also: The First Stage Of EVM-Compatible XRP Ledger Goes Live According to the team; “The Terra Expedition is a revised iteratio...

Lawsuit Against Terraform Labs Increases As Plaintiff Albright Charges On Behalf May Terra Collapse’s Victims

27Aug

By CryptolifedigitalNo Comments

Blockchain

Lawsuit Against Terraform Labs Increases As Plaintiff Albright Charges On Behalf May Terra Collapse’s Victims

The lawsuit against Terraform Labs has not declined but rather is on the increase daily. According to a report by the legal news outlet Law360, Terraform and two of its executives which include the Terraform Labs CEO, Do Kwon, were accused of violating the Racketeer Influence and Corrupt Organization Act. The charge against them was as a result of the UST inflation and promotion of false information in the recent Terra collapse, which claimed multi-million dollars, almost $80 million. Read Also: A Mysterious Wallet Initiates A Burn Of Over 309 Million In Two Days As stated by the Law360:“Defendants touted the stability of the coins and guaranteed 20% annual returns on coins deposited in Terraform Labs’ high-yield savings application on the Terra blockchain — the Anchor Protocol,”...