https://t.me/Terra_Luna_Tron

2022-11-08 00:10:00 Top Terra Classic Validator Burns 26 Million LUNC, Binance To Burn Monthly

Terra Classic validator burns over 26 million LUNC tokens in the weekly burn mechanism. Crypto exchange Binance switches from a weekly LUNC burn mechanism to a monthly basis after completing the fifth batch burn of trading fees on LUNC spot and margin trading pairs. The Terra Classic community currently votes on Proposal 10880. The Proposal aims to unfreeze the expired IBC Tendermint client 07-tendermint-71 which interconnects the Cosmos SDK blockchains columbus-5 and cosmoshub-4. The proposal has reached the quorum. Crypto exchange Huobi announces zero fee trading on LUNC/USDD pair. Other altcoins include ADA, XRP, APE, DOGE, MATIC, SOL.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-11-06 23:45:05 Terra LUNA Announces NFT Minting On Terra Blockchain

Troubled blockchain platform Terra releases a step-by-step tutorial on YouTube for developers to mint non-fungible tokens (NFTs) on the Terra blockchain. The firm aims to help as many developers as possible to build on the Terra blockchain and drive back the utility. Meanwhile, Terra (LUNA) price soars over 3% in the last 24 hours, with the price currently trading at $2.40. Troubled blockchain platform Terra in a tweet on November 3 announced a YouTube tutorial for developers to mint NFTs on the Terra blockchain. It is the first time after a year, Terra has uploaded a video on its YouTube channel.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-11-05 22:00:43 Korean authorities reportedly have proof of Kwon’s LUNA price manipulations

Korean prosecutors have obtained proof that Do Kwon purposely manipulated Terra’s (LUNA) market price, as announced by crypto influencer FatManTerra. Citing the local news sources, FatManTerra said the prosecutors obtained a private conversation between Kwon and one of his employees, where Kwon ordered LUNA’s market price to be manipulated. In October, Korean officials located and arrested Terraform Labs‘ Head of General Affairs, Yoo Mo, for deceiving the community by faking market data. Mo’s arrest warrant was issued on Oct. 5, and he got arrested on Oct. 6. Considering his close relationship with Kwon, Korean officials considered him a key actor in the Terra-Luna investigation.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-11-04 22:20:09 Do Kwon says he's legally residing in current country; report indicates in Europe

Terra founder Do Kwon may be in Europe, South Korean prosecutors told national news outlet KBS. Kwon, a native of South Korea, reportedly left Singapore for an unknown location in September, via Dubai, according to KBS. He is wanted in South Korea on charges of violating the capital markets act. The KBS report notes that South Korea invalidated Kwon's passport after his purported arrival in Europe. He also defended himself against accusations made by prosecutors that he ordered price manipulation of Terra's UST stablecoin, which was supposed to be pegged to one US dollar.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-11-03 22:40:01 LUNC News Live Updates: Community Burns Over 26 Billion Terra Classic Tokens

Crypto exchange Binance and top validators Allnodes and LUNC DAO have burned over 1.5 billion Terra Classic tokens today. In total, the Terra Classic community has burned over 26 billion LUNC tokens. Terra Rebels reminds the Terra Classic community on the big AMA session on November 3. The participants include Terra Rebels, cross-chain DEX VentiSwap, CoinMerge.io, and ClassyCrypto.Terra Classic (LUNC) price falls after Binance LUNC burn mechanism. The LUNC price is currently trading at $0.000244, down over 2% in the last 24 hours. Trading volume also dumps 38% in a day. However, the Terra Classic price is up 6% in a week. The Terra Classic community pool now received massive LUNC tokens as part of 10% rewards on tax burn. The community pool now has 732.74 million LUNC and 1.7 million USTC tokens.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-11-02 22:29:01 Terra Classic v23 Upgrade On Schedule To Launch In December

The Terra Classic Network Is Set To Become Fully Cosmos Interoperable As v23 Upgrade Is On Schedule To Launch In December. The Terra Classic Network Is Set To Become Fully Cosmos Interoperable As v23 Upgrade Is On Schedule To Launch In December. Notably, Kim disclosed that fellow core developer Tobias Andersen, AKA Zaradar, is also working on upgrading the Tendermint to v37. However, he explains that there are several things the developer will have to work around due to changes in Tendermint. According to Kim, completing this will allow for the implementation of CosWasm v1.0.0. As a result, the network can access locked liquidity and attract new utility with full Cosmos interoperability.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-11-01 23:20:01 Crypto Lender Hodlnaut Lost Almost $190 Million in Terra Crash: Report

According to Bloomberg, the report, penned by interim judicial managers appointed by the Singapore High Court, alleged that Hodlnaut’s directors “downplayed the extent of the group’s exposure to Terra/Luna both during the period leading up to and following the Terra/Luna collapse in May 2022”. The Singapore-based firm, founded in 2019, joins the likes of Celsius, Voyager Digital, and Three Arrows Capital, who were also devastated by exposure to the Terra ecosystem and its doomed algorithmic stablecoin UST. The firm shuttered withdrawals in July 2022, citing “recent market conditions” and a focus on stabilizing its liquidity and “preserving assets”.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-10-31 22:10:00 LUNC Burn Update: Binance, Validators Burn Over 1.5 Billion Terra Classic ($LUNC)

Binance, the world’s largest crypto exchange, has burned over 1.26 billion Terra Classic (LUNC) tokens in the fifth batch of Binance burn mechanism on trading fees. It is the first burn after passing Proposal 5234 that effectively reduced the tax burn from 1.2% to 0.2%. In total, Binance has now burned over 13.5 billion LUNC tokens for the Terra Classic community. According to the latest burn transaction, crypto exchange Binance sends over 1.26 billion Terra Classic (LUNC) tokens. The Binance burn mechanism is part of burning all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address. The transaction also shows a fee of 2.51 million LUNC.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-10-30 23:10:08 Top Play-to-Earn (P2E) Game Launching on Terra Classic Blockchain to Boost LUNC Adoption

MetaRivals Play-to-Earn game will launch on the Luna Classic network. According to an announcement today, the team behind MetaRivals, a Play-to-Earn (P2E) PvP game, has announced that it will launch its flagship game on the Terra Luna Classic (LUNC) blockchain. Following the development, the team said it would also add the LUNC 3D avatar to the game to enable its usage during gameplay.The announcement comes shortly after the team behind MetaRivals announced that it would launch the game on the Ethereum network.MetaRivals is the first P2E game that allows gamers to fight in the metaverse using their favorite cryptocurrency avatars. While MetaRivals did not disclose whether it plans to support the ongoing LUNC burns, it is expected that the game developers will support the burn initiative.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-10-29 23:00:01 Terra co-founder Do Kwon slapped with a $57 million lawsuit by 350 investors

According to the Wall Street Journal's report from Friday, Do Kwon is currently facing another lawsuit which was filed back on September 23. Filed on behalf of over 350 investors, the lawsuit alleges "fraudulent misrepresentation" at the hand of Do Kwon. These allegations are in concern with the stability of TerraUSD, Terra's algorithmic stablecoin. While this lawsuit only took place last month, many others, such as class action suits from other legal firms such as Grant & Eisenhower and more, are yet to reach their conclusion. Furthermore, Do Kwon has been on the government's crosshair for months now.

Source

https://t.me/Terra_Luna_Tron Open / Comment