Terra and its founders have confirmed a bankruptcy hearing date, amidst woes of the coin's price recovery. The $1 million Developer Bounty announced for
Terra Luna Classic aims to advance the USTC Repeg, a monetary policy mechanism directly influencing LUNC and LUNA prices. Despite facing bankruptcy,
LUNA price is still being predicted to return to its original high and even hit $2 in 2024. However, the prediction isn't all the rosy. LUNC, known as the
Terra Luna Classic has witnessed a decline, with a price prediction showing it may not even reclaim $0.0001 in August.
Terraform Labs, the company behind LUNA, is preparing to end its operations, giving power back to the Terra community. Amid these various announcements and shifts, the Terra Blockchain experienced a $4M exploit while New York Court considered Terra's tokens as securities, a notable departure from the Ripple case.
Terraform has agreed to pay the SEC a combined $4.5B in the Civil Fraud Case, which could affect the perception and value of the coin. Lastly, SEC has deemed Terra Luna Classic, among other coins, as securities.
Terra Coin News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Wed, 21 Aug 2024 10:03:53 GMT -
Rating -4
- Innovation 0
- Information 4
- Rumor -6
