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Terraform Labs seeks to dismiss class action arguing US laws don’t apply
5.5.2023
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs
Terra Luna Classic Price Prediction as Bulls Hold Key $0.00010 Level – Where is LUNC Headed Next?
4.5.2023
Terra Luna Classic (LUNC) bulls are currently holding the cryptocurrency above the key psychological $0.00010.
Nonetheless, price predictions are becoming more bearish.
LUNC is the cryptocurrency that powers the original Terra blockchain that experienced catastrophe last May when its algorithmic...
Terra Luna Classic Price Prediction as LUNC Threatens Fall to Nine-month Lows – Here's Where LUNC is Heading Now
3.5.2023
Despite Binance’s latest monthly burn of over $150,000 worth of LUNC tokens and the recent hiring of a new, highly experienced Senior Cosmos developer to the layer-1 blockchain task force team, Luna Classic (LUNC) is threatening a breakout to fresh nine-month lows.
As a result, price predictions...
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
1.5.2023
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
28.4.2023
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem...
Terra Classic Hopefuls Mull Revival of Failed UST Stablecoin
28.4.2023
Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
27.4.2023
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable...
Terra Co-Founder Among Ten Formally Charged in South Korea Following Months-Long Investigation – $185 Million Worth of Assets Frozen
26.4.2023
South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on several charges, including violations of capital markets law related to the failed Terra/Luna project.
Shin founded the company behind LUNA and UST digital currencies with the now-infamous...
Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea
25.4.2023
Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating...
Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
25.4.2023
Shin was indicted with nine others as prosecutors froze $185 million in assets
Terra Luna Classic Price Prediction as $30 Million Trading Volume Floods In – Time to Buy?
25.4.2023
The price of Terra Luna Classic (LUNC) has dropped by 0.5% in the past 24 hours, with its fall to $0.00010959 coming as the wider cryptocurrency market barely moves within the same timeframe.
LUNC's current price means it has fallen by 12% in a week and by 13.5% in the last 30 days, while the coin...
Terraform Labs co-founder and nine others indicted in South Korea
25.4.2023
The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
24.4.2023
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent...
LUNA token is not a security, rules S.Korean court in Terra co-founder case
24.4.2023
The court in its ruling noted that It is difficult to see Luna coin as a financial investment product regulated by the Capital Markets Act
Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show
24.4.2023
The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said
Do Kwon Lawyers: SEC Has No Terra Jurisdiction – Could CEO Walk Free?
24.4.2023
The legal team of the Terraform Labs Co-founder and CEO Do Kwon has hit out at the United States Securities and Exchange Commission (SEC) – claiming Terra coins are not securities.
The lawyers claimed that the SEC charges against Terraform, Kwon, and other executives are baseless.
And they filed...
Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation
22.4.2023
Kwon's lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA)
Terra Luna Price Prediction as Binance Supports Terra Network Upgrade – What Happens Now?
21.4.2023
Things are not looking good for Terra Luna (LUNA) in 2023.
The cryptocurrency was last changing hands around $1.26 per token, 50% down from earlier annual highs to the north of $2.50.
That means LUNA has now erased the entirety of this year’s gains.
Compare that to Bitcoin and Ether, both...
Terraform Labs Co-founder Do Kwon and CFO Charged with Forgery by Montenegro Prosecutors
21.4.2023
Terra founder Do Kwon and Terraform Labs’ chief financial officer Han Chang-joon are both accused of forgery by prosecutors in Montenegro.
The two men are still in custody by Montenegro’s police after being arrested in the country in March, and prosecutors are now seeking to extend their...
Terraform Labs Co-Founder Do Kwon Faces Montenegro Indictment: Bloomberg
20.4.2023
Prosecutors have sought to extend the detention period for Kwon along with his chief financial officer Han Chang-joon