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SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case
9.8.2023
The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.
The US Securities and Exchange Commission (SEC) has expressed its “disappointment” at a court ruling last...
Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?
7.8.2023
Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market.
The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be called PayPal USD (PYUSD)....
Terra Luna Classic Price Prediction as LUNC Falls to $0.000078 Support – Time to Buy?
7.8.2023
The price of Terra Luna Classic (LUNC) has dropped to $0.00007840 today, representing a 0.5% loss in 24 hours and a 3.5% decline in the past week.
LUNC also disappointingly remains down by 7.5% in the last 14 days and by 46% since the beginning of the year, in contrast to many major...
Setback for Terra as member resigns, Borroe aims to surpass LUNC’s holder count
6.8.2023
The world of cryptocurrencies is no stranger to unexpected turns, and the recent events surrounding Terra Classic have sent shockwaves through the crypto community. Two prominent LUNC L1 Task Force members, LuncBurnArmy (LBA) and Fragwuerdig were faced with a distressing breach of their privacy...
Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case
1.8.2023
A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).
On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did...
Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
1.8.2023
Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda Research
Terra Luna Classic Price Prediction as LUNC Falls Below $0.00008 Level – Is It All Over?
1.8.2023
The Terra Luna Classic price has fallen below $0.00008 this morning after a 2% dip in the past 24 hours, with the altcoin also down by 3.5% in the last seven days and by 10% in the past fortnight.
Such declines should be concerning for LUNC holders, yet what's even more troubling is the fact that...
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
1.8.2023
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple
Terra Luna Classic Price Prediction as LUNC Falls Below $500 Million Market Capitalization – Here are Key Levels to Watch
28.7.2023
The Terra Luna Classic price has fallen by 0.5% in the past 24 hours, with its slip to $0.00008144 also representing a 6% loss in the last seven days.
This marks a bad week for LUNC, yet the altcoin has been facing a decline for several months now, with its price also down by 9% in the past...
Cosmos Blockchain Project Faces 'Existential' Challenge with Terra's Fall and Ethereum's Rise
27.7.2023
Cosmos, a once-pioneering blockchain ecosystem renowned for its groundbreaking concept of interconnected blockchains called "appchains" and its innovative proof-of-stake consensus mechanism, is now facing an uphill battle for survival.
The blockchain ecosystem faces existential challenges in...
Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets
24.7.2023
Terra co-founder Do Kwon is currently in Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets
Terra interim CEO says any 'little progress' made gets derailed by accusations
23.7.2023
Terraform Labs recently appointed CEO Chris Amani held a Twitter Spaces with the purpose of separating the operations of Terraform Labs from Do Kwon’s personal affairs
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
21.7.2023
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...
Terraform Labs Seeks Data from FTX Wallets for SEC Lawsuit Defense
21.7.2023
Terraform Labs, the development firm behind Terra network and the failed stablecoin TerraUSD (USTC), is seeking permission from a court to get access to data from the bankrupt crypto exchange FTX.
According to Terraform Labs, the failure of its UST stablecoin was the result of an attack by large...
Stablecoin dominance slides as market cap falls to near 2-year lows: CCData
21.7.2023
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization
Terraform Labs seeks access to FTX wallets in fraud defense
20.7.2023
Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithm stablecoin in 2022
Terra Luna Classic Price Prediction as Bears Send LUNC Toward $0.000085 Support – What Happens Next?
20.7.2023
The price of Terra Luna Classic (LUNC) has fallen by 1.5% in the past 24 hours, with LUNC's drop to $0.0000873 coming as the cryptocurrency market as a whole rises by 1%.
LUNC is now up by 3.5% in the last seven days but is down by 2% in the last 30, while the altcoin has fallen by 39% since...
Terraform Labs appoints new CEO from existing team: Report
20.7.2023
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months
SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value
19.7.2023
Throughout the last year, the U.S. Securities and Exchange Commission (SEC) has identified numerous crypto assets as securities in cases involving Binance, Bittrex, Coinbase, Terra’s Do Kwon, Tron’s Justin Sun, and several more. The aggregate worth of these prominent digital assets...
Crypto Turmoil: Market Slump, Heavy Liquidations, and Unexpected Gainers
18.7.2023
In a volatile twist, the cryptocurrency market experienced a 0.82% decrease in value within the last day, descending to $1.2 trillion. This transpired as bitcoin (BTC) faced unstable conditions, dropping below the crucial $30K mark on Tuesday. Crypto Market in Flux Throughout this chaotic 24-hour...