Terra related news has been a hot topic in the
crypto world, with key developments being the
$40 billion collapse of the
stablecoin and the subsequent legal repercussions for
Do Kwon, founder of Terraform Labs. The infamous crypto king has been extradited to the US to face charges for the stablecoin collapse. The
Securities and Exchange Commission (SEC) reached to a
$123 million settlement with a crypto firm 2.5 years after the
Terra-Luna collapse. Terra's
USTC price is wavering despite the
Luna Classic (LUNC) community voting in favour of turning it into a meme coin. Kwon has since pleaded not guilty to charges over the crash of
Terra Luna and
UST. Meanwhile, the
crypto market buzzes with news that
Avalanche has bought back its tokens from
Terra Luna, sending strong signals for potential growth in
LUNC price which could likely soar with the burning of 1.34 billion tokens. The
Terra Luna Classic community is currently divided over a vote to raise the burn tax that could potentially lead to a surge in
LUNC prices. As part of a solution to re-launch
Terra Luna Classic (LUNC), Terraform Labs has announced a deadline for Terra Classic users and plans to burn
LUNA tokens. A new partnership between
Cardano and
Terra Luna is hinting a DeFi revolution with stablecoins. The possibility of
LUNC hitting $1 again has crypto analysts on the edge. Lastly, a two-year reminder of the risks associated with altcoins is sounded by the 99.999% loss in value suffered by
Terra (LUNA).
Terra Coin News Analytics from Fri, 20 May 2022 07:00:00 GMT to Wed, 19 Mar 2025 10:22:37 GMT -
Rating -7
- Innovation -5
- Information 7
- Rumor -3
