https://t.me/Terra_Luna_Tron

2022-09-20 20:40:12 Terra Co-Founder Do Kwon’s Legal Troubles Unlikely to Affect Broader Crypto Markets, Analysts Say

A name on the Interpol's wanted list and a Korean police alert for Terra co-founder Do Kwon’s whereabouts are unlikely to cause havoc to the broader crypto markets, two markets observers told CoinDesk on Tuesday. Kwon's arrest warrant puts pressure on an already intensive regulatory debate about market conduct. In the weeks following Terra’s implosion in May, prices of its LUNA and UST tokens dropped over 99.7%. At the same time, decentralized finance applications built on the network lost some $28 billion in market value – making the entire ordeal one of the single-largest capital destructive event in the history of cryptocurrencies.

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2022-09-19 22:50:09 Terra Co-Founder Do Kwon Could Receive ‘Red Notice’ After Reports Claimed he Fled Singapore

South Korean prosecutors have contradicted claims from Terra co-founder Do Kwon that he is not on the run and asked Interpol to issue a ‘Red Notice’ against him. The development follows reports that the Terra Labs chief fled Singapore as per information by the Singapore Police Force. A report by the Financial Times noted that a red notice for Do Kwon is what has been requested by the South Korean prosecutors. A Red Notice, published by Interpol, is a request to law enforcement worldwide ‘to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.’ However, the agency notes that a Red Notice is an international wanted persons’ notice, but it is not an arrest warrant.

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2022-09-18 23:29:03 Do Kwon says he is "not on the run," cooperating with authorities

Terraform Labs founder Do Kwon said on Saturday he is not trying to evade any relevant authorities. “I am not 'on the run' or anything similar - [from] any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide,” Do Kwon said. Do Kwon, who is currently wanted by South Korean authorities according to Reuters, went on to say he would disclose his location to individuals if they are friends, have plans to meet, or are involved in a gps based web3 game, adding that “otherwise you have no business knowing my gps coordinates.”. While Do Kwon’s exact whereabouts remain unclear, South Korean authorities have already sought to limit his capacity to travel.

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2022-09-17 22:40:09 Terra LUNA Shows Highest Weekly Losses Among Top 100 as Do Kwon Comes Under Pressure

The new Terra LUNA, created after the network's implosion in May, is demonstrating the highest weekly losses among the top 100. LUNA is currently trading at $2.72, down 5.81% in the last 24 hours and 58.85% in the past week. LUNA saw a 200% run-up in the past week, reaching a high of $7.20 on Sept. 10. However, as it stands, the token has erased most of these gains as it now trades below the $3 mark.LUNC, the token of the old Terra Chain, now renamed Terra Classic, was up 3.21% in the last hour while marginally down in the last 24 hours at $0.000274. The 1.2% tax burn plan to reduce LUNC token supply might soon go into effect.

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2022-09-16 20:40:06 Crypto Network Tron Set to Capitalize on DeFi Boom With Wintermute as Market Maker

The decision by blockchain network Tron to name Wintermute as the decentralized finance (DeFi) ecosystem's official market maker is likely to help boost trading volumes in a network that's already growing faster than rivals. Wintermute, which trades billions of dollars across crypto markets daily, will provide stability for Tron's native TRX tokens and liquidity for major TRX trading pairs across various exchanges, Tron said Monday. That could help the token, which has daily trading volume of over $390 million across multiple crypto exchanges, data show, placing it among one of the most traded tokens but a fraction of ether's $22 billion daily volume.

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2022-09-15 22:40:10 South Korean Authorities Seek to Void Terra Cofounder Do Kwon's Passport

The Korean Ministry of Finance announced that it is working on voiding the passport of Terra co-founder Do Kwon along with five other members connected to the now-defunct crypto project, according to Korean news source Munhwa Ilbo. The director of the Seoul Southern District Prosecutor’s Office for Financial and Securities Crimes. An official from the Ministry of Finance said that “among the six arrest warrants issued, applications for invalidation of passports have been received for five persons excluding foreigners. All of them have left for Singapore.”. This request comes right after Do Kwon and others were charged with violating the capital markets act and were issued an arrest warrant. Do Kwon and the five other culprits must surrender their passports in their location.

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2022-09-14 23:40:09 LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon

Terra’s LUNA declined 20% on the news that South Korea has issued an arrest warrant for its founder Do Kwon. The token, which has enjoyed a new wave of interest that pushed its price up by over 80% in the last seven days, has seen its value drop by 21.4% in the previous 24 hours to $3.35, according to CryptoSlate data. Bloomberg News reported that a court in Seoul had issued a warrant for Kwon’s arrest and that of five others. The report said South Korea’s prosecutor’s office confirmed the arrest warrant. Local media Yonhap News said the arrest warrants were also issued for the founding members of Terraform Labs, Nicholas Platias, and the CEO of the affiliated Tchai Corporation, Han Mo. Do Kwon presently lives in Singapore.

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2022-09-13 23:15:09 Blockchain.com adds support for TRX on its wallet and exchange

Blockchain.com has now listed TRX, the native token of the Tron ecosystem, on its exchange and wallet. Blockchain.com, one of the leading cryptocurrency companies in the world, announced on Tuesday, September 13th, that it has listed TRON’s native utility token TRX on its platform. This latest development means that TRX is now available on the Blockchain.com exchange and wallet. According to the press release shared with Coinjournal, Blockchain.com said multiple incentive programs would be featured, including one that allows users to earn up to 8% in annual rewards for users who hold their TRX in a Blockchain.com Rewards Account.

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2022-09-12 22:20:11 Tron Taps Crypto Market Maker Wintermute to Become Official Partner

Wintermute is now the Tron ecosystem’s official market maker, helping the crypto project’s native TRX token improve liquidity across various exchanges. Market makers are vital agents in the world of finance, crypto included. They assist in making trading pairs more liquid by acting as a buyer and seller on both sides of a trade. When a crypto trader places a sell order for their tokens, there may not be an immediate buyer at the trader’s asking price. To fill this trade, the price drops until a buyer has been found. The difference between the sell price and the buy price (or the offer and the bid) is called the spread. When spreads are large, it’s an indicator that a specific market is illiquid, and can mean lots of volatility. Market makers like Wintermute thus operate as an intermediary of sorts to fill these trades.

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2022-09-12 00:00:15 Terra back from the dead? LUNA price rises 300% in September

Terra has become a controversial blockchain project after the collapse of its native token LUNA and stablecoin TerraUSD (UST) in May. But its recent gains are hard to ignore for cryptocurrency traders. After crashing to nearly zero in May, LUNA is now trading for around $6, a whopping 17,559,000% price rally in less than four months when measured from its lowest level. Meanwhile, LUNA's performance in September is particularly interesting, given it has rallied by more than 300% month-to-date after a long period of sideways consolidation. Terra Classic is the original version of the Terra blockchain, while Terra LUNA 2.0 was created as a part of a regeneration strategy by Terraform Labs founder Do Kwon. In doing so, Kwon and his team periodically airdrop the LUNA2 tokens to users affected by Terra's collapse. In other words, LUNA could drop to $4.5, down 30% from today's price.

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