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Terra Classic USD ($USTC) has been experiencing a continuous decline since the start of the year. From January 1 to the present, its value has dropped by 51.52%, falling from 0.330 to 0.1660. However, this week has brought a positive shift, with the price climbing over 7% in three consecutive days. Renowned crypto analyst Javon […]
Former Terra Classic (LUNC) L1 Team developer Tobias “Zaradar” Andersen recently disclosed that he would be available if needed by the L1JTF. In a recent conversation, Tobias “Zaradar” Andersen, the former Terra Classic (LUNC) L1 Team developer, expressed his willingness to lend a helping hand to the L1JTF if the need arises, despite his controversial […]
The post Zaradar Confirms He Will be Available if Needed by the Terra Classic (LUNC) L1 Team first appeared on The Crypto Basic.
In one of the most catastrophic events to ever hit the crypto industry, the prominent algorithmic stablecoin TerraClassicUSD (USTC) – formerly UST – became depegged from the US dollar around a year ago. As a result, the Terra ecosystem crumbled, leading to uncontrolled minting and supply of Terra Classic (LUNC) tokens. However, in the latest [...]
The post USTC: Will Proposal To Re-Peg Stablecoin Push LUNC To $1? appeared first on Crypto Breaking News.
Trader Javon Marks points out what can happen if the Terra Luna Classic’s ongoing momentum is maintained.
Trust issues emerge in an already divided community as the USTC repeg crusade continues.
Terra Classic community wants back the 800 million USTC once sent to Ozone Protocol by Do Kwon.
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly believe that luna classic (LUNC) has “limitless upside potential.” [...]
The post Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem appeared first on Crypto Breaking News.
A fresh & innovative proposal to repeg USTC received praise among LUNC community, but how likely is it really?
The Lunatic Logic, chronicled by Terra Rebels developer, receives mixed reaction from the Terra Classic community.
LUNC community tests USTC repeg: key ideas to be put in practice.
OG dev spills out a theory that aligns well with the U.S. Securities and Exchange Commission’s complaint.
The Terra Classic (LUNC) L1 team plans to create a test environment to ascertain the conditions of the USTC depeg and simulate a potential re-peg event. The L1 Joint Task Force (L1JTF) seeks to create a test environment to explore the various ideas aimed at facilitating the USTC re-peg. LuncBurnArmy (LBA), the project manager of […]
The post Terra Classic (LUNC) L1 Team Working to Bring USTC to $1 first appeared on The Crypto Basic.
By community decision, 0.5% of the native Terra Classic token will be sent to infernal regions.
USTC repeg testnet is set to go live in Q3 in the community’s latest revival quest.
The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2% Higher to Over $50 Billion With [...]
The post Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain appeared first on Crypto Breaking News.
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 New Leadership, Attorneys Seek to Dismiss SEC Case Following Ripple Decision Chris Amani, Terraform Labs’ [...]
The post Terraform Labs Appoints New CEO While Co-Founder Remains in Jail appeared first on Crypto Breaking News.
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.
Terra’s motion to dismiss the market manipulation case now includes XRP’s recent ruling as one of the main arguments.
Stolen LUNC funds were traced back to Tornado Cash as Terraport gets called out for negligence.
The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May. Two agencies within the department — the Federal Bureau of Investigation (FBI) and Southern District of New York (SDNY) have interrogated former staff at Terraform Labs [...]
The post FBI, NY authorities probes collapse of TerraUSD stablecoin: Report appeared first on Crypto Breaking News.
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