https://t.me/Terra_Luna_Tron

2022-12-01 19:31:01 Crypto entrepreneur Sun looking at FTX ventures' portfolio companies

FTX's venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could take time, cryptocurrency entrepreneur Justin Sun said on Wednesday."FTX Ventures still has lots of portfolio (companies) and we are going through them one by one, but right now it is already in the Chapter 11 process so it might take a longer time to finish the process," Sun told a Reuters Next conference.Sun founded the crypto platform Tron and is member of cryptoexchange Huobi's global advisory board. He did not specify which organisation specifically was looking at the assets in the interview.

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2022-11-30 22:14:03 Prosecutors seek arrest warrant for Terraform Labs' co-founder Daniel Shin: Yonhap

The Seoul Southern District Prosecutors Office said Wednesday that it is seeking the arrest warrant over Shin allegedly taking illegal profits from Terra, the blockchain ecosystem overseen by Terraform Labs. The same authorities reportedly raided the offices of Chai Corporation, a payments technology company founded by Shin, earlier this month. Authorities in South Korea have previously issued a warrant for the arrest of Shin’s co-founder at Terraform Labs, its CEO Do Kwon, as well as asking Interpol to issue a red notice for Kwon’s arrest. That came despite Kwon’s claims that he is not on the run.

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2022-11-29 22:03:01 Huobi announces launch of world’s first national token, DMC

Huobi has said that it will be launching the world’s first national token called Dominica Coin (DMC) — endorsed by the Commonwealth of Dominica. As the world’s first national token, DMC will be issued on the Tron blockchain (TRC20) initially. Furthermore, Huobi state that the DMC token will allow holders the opportunity to obtain passports issued by the Government of Dominica, enabling holders access to over 130 countries without a visa. The DMC token “is granted a statutory status as an authorized crypto in the Commonwealth of Dominica and can be circulated locally in Dominica as a means of payment.”

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2022-11-28 22:31:32 Terra Classic Community Divides On 1.2% Burn Tax, LUNA Merger

Terra Classic community witnesses crucial decision-making moments as LUNC developers re-enable Inter Blockchain Communication (IBC) with Cosmos blockchains. Meanwhile, the community remains divided on whether to increase the burn tax parameter from 0.2% to 1.2% amid the IBC reopening and whether LUNC should merge with LUNA. With the developers reopening IBC channels at block 10,542,500, estimated on December 5, Proposal 10960 aims to increase the burn tax to 1.2%, with taxing 0.96% as the on-chain burn fee and allocating 0.24% to the Community Pool.

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2022-11-27 22:41:02 Terra Luna Classic are among the Top 50 Coins

Cryptocurrency prices are highly volatile. Despite the sharp price fluctuations, the crypto market continues to grow steadily. More projects are going mainstream, and some merchants even accept cryptocurrencies as payment methods. However, many projects remain speculative, and very few people use tokens to store or exchange value. LUNC is the native token to Terra Luna Classic, a blockchain protocol that deploys fiat-pegged stablecoins to make faster and more efficient global payment services. Unfortunately, it is the result of Terra Luna’s devastating collapse that caused investors damages of more than $60B. As a result, LUNC recorded one of the highest falls crushing from its April peak of $115 to under $0.0003 in November.

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2022-11-26 22:31:01 Ripple CEO Brad Garlinghouse & Tron’s Justin Sun’s Battle To Acquire FTX Assets

The Tron blockchain founder, Justin Sun and Ripple Labs CEO, Brad Garlinghouse, decide to buy FTX assets. Justin Sun was at second after Ripple CEO Brad Garlinghouse showed eagerness to purchase assets of the collapsed crypto exchange FTX. The now-bust company filed for bankruptcy under chapter 11 on November 11, 2022. Earlier, Brad Garlinghouse was interested in acquiring FTX’s stakes in different companies but later changed his thought due to the complication arising as FTX went bankrupt. Previously, Ripple CEO Brad Garlinghouse had decided to extend their job offers to the former FTX employees. Justin Sun may become the ‘Savior’ who can rescue FTX investors. The ruined exchange signed an agreement with Tron.

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2022-11-25 22:03:01 Justin Sun says Huobi and Poloniex could merge in future: Exclusive

Poloniex will merge with Huobi, citing sources familiar with the matter. But Sun said the two companies are independent and "haven't had any plan to merge yet." However, when asked if a deal could happen in future, he said it "could be" possible. A similar situation occurred last month when Huobi announced the sale of a majority stake to Hong Kong-based investment company About Capital Management. At the time, Wu reported that Sun is the "real buyer" of the Huobi stake sale. But Sun denied the claim and said he is only an advisor to Huobi. Sun, however, has been at the forefront of recent changes at Huobi.

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2022-11-20 22:03:01 Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect

An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino effect that led to the company’s implosion. The study from Nansen further details. On Nov. 17, 2022, five researchers from the Nansen team published a blockchain analysis and comprehensive look at the “The Collapse of Alameda and FTX.” The report notes that FTX and Alameda had “close ties,” and blockchain records confirm this fact. FTX’s and Alameda’s rise to the top started with the FTT token launch and the “two of them shared the majority of the total FTT supply which did not really enter into circulation,” Nansen researchers detailed.

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2022-11-19 22:03:00 South Korea Confiscates Over $100 Million from Terra’s Co-founder

According to reports from local publication YTN, the court approved the prosecutor’s request to freeze 140 billion won ($104 million) in profits Shin generated for selling pre-issued LUNA tokens at a high price without informing retail investors. South Korean prosecutors have seized more than $100 million worth of assets belonging to Shin Hyun-Seong. The request to seize Shin’s assets is part of an ongoing investigation to build a case against Terraform Labs that the co-founder generated unfair profits from Terra-related digital assets, including the collapsed LUNA and UST tokens – rebranded to LUNC and USTC. Prosecutors also claimed that he had a role in Terra’s crash and illegally sent customer transaction data from his payment technology firm Chai Corporation to Terraform Labs.

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2022-11-18 22:25:00 Tron's Justin Sun to Buy One Bitcoin Every Day

Bitcoin-holder El Salvador President Nayib Bukele and Justin Sun, the founder of the Tron cryptocurrency network and Grenada's ambassador, have decided to accumulate bitcoin at a pace of 1 BTC per day. The strategy of purchasing bitcoin on a set schedule instead in reaction to market movements is known as dollar cost averaging (DCA). The advantage of DCA is that it removes the emotional component of decision-making and you end up paying less in dollar terms for the investment over the long run than you would spend while timing the market.

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