County Luna Financial News

Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that saw a spectacular blow-up in May 2022 after is UST algorithmic stablecoin lost its 1:1 peg to the US dollar, is rallying this week.

Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that saw a spectacular blow up in May 2022 after is UST algorithmic stablecoin lost its 1:1 peg to the US dollar, is lagging the broader market on Thursday.

After failing to respond to a prior order, embattled crypto lender Genesis has been subpoenaed by a New York court to produce documents related to the collapse of the algorithmic stablecoin TerraUSD (UST) last year.

Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022.

Terra (LUNA) is in the midst of a comeback, after disgraced project founder Do Kwon filed court documents on Wednesday that suggested his legal team will fight any attempts at extradition to the United States.

Do Kwon, founder of Terraform Labs, is fighting a U.S. Securities and Exchange Commission (SEC) request to extradite him for questioning about the collapse of his stablecoins Terra and Luna, according to court documents filed on Wednesday.

The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassic USD (USTC), with the objective of reestablishing a stable peg between USTC and the U.S. dollar.

The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with expectations of a potential price increase ahead of the upgrade.

Chandrayaan-3 LIVE Updates: Pragyan rover comes out of Vikram lander's belly | Watch ISRO video After a 40-day journey into space, the Chandrayaan-3 lander, 'Vikram', touched down on the uncharted lunar South Pole on Wednesday evening, making India the first country to do so. Chandrayaan-3 spacecraft's lander module comprising the lander (Vikram) and the 26-kg rover (Pragyan) made the soft landing near the south polar region of the moon at 6.04 pm, less than a week after a similar Russian lander Luna-25 crashed.

Also read: Russia's Luna 25 crashes on moon's surface ahead of Chandrayaan-3's landing This mission was Russia's first lunar attempt since 1976 when it was part of the Soviet Union. The United States, the Soviet Union, and China are the only countries to have achieved successful moon landings. Borisov attributed the mission's failure to the interruption of Russia's lunar program for nearly 50 years.

The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon. 

Chandrayaan-3 comes to fruition. In that vehicle is packed not just the scientific ambitions of ISRO, but also the sentiments of the 141-crore strong populace. New Delhi’s lunar mission is all set to make a landing on the South Pole of the moon on August 23-24. Chandrayaan-3 was launched on July 14 and entered into lunar orbit on August 5. Over in Russia, the Luna-25 too has grabbed the attention with its scheduled landing to take place on August 21-23. For a few years now, scientists from NASA and other space agencies have detected frozen water in the south pole craters. This ice could potentially serve as a reservoir for fuel, oxygen, and drinking water, thereby bolstering future lunar habitation endeavours. Both the Russian Space Agency, ROSCOMS and the Indian Space Research Organisation (ISRO) aim to create history by being the first ones to venture into the lunar south pole.

Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations, according to Terra’s new interim CEO Chris Amani.

Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission (SEC) in February, a court filing shows.  

Honkai Star Rail is preparing to unveil its newest sensation, the majestic Dan Heng Imbibitor Lunae. This exceptional 5-star Imaginary character is set to make a grand entrance, captivating players with its unique form and extraordinary abilities.

Legal proceedings have been initiated against Shin Hyun-Seong, also known as Daniel Shin, concerning charges concerning alleged illicit profits from the sale of Terra (LUNA) tokens.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).

Terra Luna (LUNA) co-founder is making headlines again, this time looking into his relationship with Montenegro's political elite. The news comes after Montenegrin politician Dritan Abazovic, in collaboration with political parties and NGOs, commissioned the Special State Prosecution to establish whether Do Kwon had any political ties in Montenegro.

Prosecutors in Montenegro appealed against the bail terms of Terra/LUNA co-founder Do Kwon and chief financial officer Han Chang-Joon.