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…
One of the core developers for Terra Luna Classic, Genuine Labs has confirmed the completion of the long-awaited Tax2Gas redefinition upgrade. In a recent update, the team said that after some internal skirmishes, the upgrade is good to go on testing on the rebel testnet. They stressed that the ultimate release on the mainnet would…
September 4, 2024 at 09:45 AM GST updated: September 3, 2024 at 06:07 PM 3 mins read Press Release In the crypto world, projects that bridge traditional finance with blockchain technology are setting new industry standards. These innovations are creating unique opportunities for investors to get in on the initial stages of transformative ventures. Among…
On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address (bc1q5) on Sept. 2. While the firm has yet to comment publicly on the transfer, market analysts note that it aligns with Terraform Labs’ plan to wind down operations following…
The reopening of the Terra Bridge has driven WLUNC’s price up 28%, reflecting increased market activity despite ongoing regulatory and restructuring challenges. With the upcoming operational updates and governance changes, including asset burns and platform upgrades, the market is watching closely to see if LUNC will mirror WLUNC’s surge. Terra Classic, aka Luna Crypto or…
Terraform Labs has begun winding down its operations, with Proposal 4818 being the final chain upgrade that it will implement pursuant to its settlement with the SEC. Proposal 4818 will burn all LUNA tokens owned by TFL, remove the illegally minted assets following the IBC attack, and eliminate the blacklist function that the hack necessitated….
August 27, 2024 at 04:17 AM GST updated: August 26, 2024 at 07:54 PM 3 mins read News Despite the evolving cryptocurrency market, there is a growing demand for promising digital currencies. Some specific cryptocurrencies will make headlines in the coming year thanks to their distinct technologies and enhanced performance. The following article outlines ten…