Authorities in South Korea detain Terra Exec
In their investigation into the Terra-LUNA fall, South Korean authorities have made their very first arrest, seizing a Terraform Labs Pte. Ltd. employee.
LUNC
Binance Reverses its Stance on LUNC Burn Mechanism
The address for the burn was developed by the locals. FatMan’s post has enraged Terra classic investors. CZ’s actions caused the currency to tumble in the market shortly after. Future trading commissions on LUNC spots or margin trading pairs will be remitted to the token’s burn address, as was specified in their blog post. This address for the burn was developed by the locals. It’s LUNC Until further notice, the burn program, which began on September 1, 2022, will be in effect. In response to the newly enacted community-burn idea, the campaign was created. The blog entry stated, All trading
Terra (LUNA) Makes Dizzying 200% Surge Following LUNC Rally
LUNA price is seeing a 200% price surge only today. The LUNA pump follows LUNC’s phenomenal rally since last week. Some claim that LUNC whales have sold their position to make an entry in LUNA. Terra (LUNA) is currently making a dizzying price surge today, reaching up to almost $7, according to CoinGecko. Trading has become even more remarkable on Binance, as the price reached as high as $7.7 before simmering down to almost $6. This movement translates to a 200% increase since the last 24 hours. Interestingly, many in the crypto space were not anticipating this movement. As seen
Critics Warn Against LUNC as Fans Predict $0.001 Soon
In less than a week, LUNC has moved from $0.0001 to $0.00058 before experiencing a pullback. Detractors claim LUNC is a “scam,” while fans believe it will reach $0.001 soon. For clarity, LUNC and Terra (LUNA) are two different and mutually-exclusive cryptocurrencies. Critics have started to warn people against buying Terra Luna Classic (LUNC) amid a phenomenal short term rally. In just less than a week, LUNC has reached up to $0.00058 from a flat $0.0001. At the time of writing, LUNC is changing hands at $0.00050 per piece, according to CoinGecko. This translates to a whopping 24-hour and 7-day
Luna Classic Rallies Hard in Sep, What Is the Cause?
Terra Luna Classic (LUNC) has been pumping since the end of August. Recently, LUNC reached its ATH after its fateful rebranding on the Terra Classic blockchain. Binance will halt deposits and withdrawals via Shuttle Bridge starting September 7. Despite what appears to be a depressing crypto market today, Luna Classic (LUNC) faithfuls still have one more reason to be hopeful. Specifically, LUNC price has been pumping hard since the end of August. In fact, since LUNC started trading — after the rebranding — on major cryptocurrency exchanges such as Binance, the price has since exceeded its all-time high (ATH). As
New DEX To Burn LUNC, Fix Terra Ecosystem
Burning DEX aims to ultimately fix the Terra ecosystem. The trading platform will streamline the burning of LUNC tokens. There is no launching date announced yet, as well as the team that is behind the platform. It appears the Terra ecosystem is not entirely satisfied with Do Kwon’s LUNA 2.0 solution, as a new group of developers has come up with an alternative. Specifically, they have launched a new decentralized exchange (DEX) that vows to burn LUNC and ultimately fix the Terra ecosystem. Appropriately named Burning DEX, this decentralized trading platform will add a burning mechanism for LUNC token. For
