Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted…
Tax2Gas, an upgrade that the Terra Classic (LUNC) community voted nearly unanimously for, has now been implemented at the block height of 19,850,000. The upgrade has received the support of major industry players, led by Binance, with holders hoping it will spark a rally after a disappointing week. Terra Classic has inaugurated Tax2Gas, an upgrade for…
The Terra Classic upgrade, scheduled to take place on September 18, will introduce critical security patches, including updates to core components like wasmvm and wasmd. The announcement of the proposed upgrade has led to a notable increase in the prices of Terra LUNA and Terra Classic (LUNC) tokens. In the latest development, the Terra Classic…
Terraform Labs’ upgrade and significant token burn aim to reduce LUNA’s supply, potentially driving a price rally. As Terraform Labs exits, the community’s role will be crucial in sustaining the Terra blockchain’s momentum and price growth. In line with the most recent CNF post on Terraform Labs’ Final Upgrade Unveiled, it was revealed that Proposal…
August 26, 2024 at 03:20 PM GST updated: August 26, 2024 at 02:46 PM 1 min read News LUNA confirmed a Regular Bullish Divergence, signaling fading downward pressure. A Falling Wedge breakout suggests a potential sharp upward move for LUNA. LUNA’s target is $9.12, with $3.50 as the next significant resistance level. LUNA (Terra) is…
The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy…
Terraform Labs confirms the bankruptcy hearing date as September 19, 2024. Any objections to the bankruptcy plan must be filed by September 12, 2024. Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to…