This measure is intended to counteract the influx of spam and irrelevant proposals submitted for voting within the Terra Classic community. The Terra Classic community is voting on multiple proposals, with concerns raised about an uptick in spam following a decline in Luna Classic (LUNC) prices. A new proposal seeks to raise the minimum deposit…
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The freeze comes shortly after Terra’s website was compromised over the weekend by hackers who attempted to scam users via phishing attacks. Layer-1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform. “The terra(dot) money domains have successfully been frozen to prevent further user…
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Some of the same techniques used to study the thermal history of the universe can be used to understand crypto crashes. Do Kwon: "95% are going to die [coins], but there's also entertainment in watching companies die too" 8 days ago. Ironic. pic.twitter.com/fEQMZIyd9a — Pedr (@EncryptedPedro) May 11, 2022 https://platform.twitter.com/widgets.js More than $40 billion in…
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The Securities and Exchange Commission wants to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs. 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 a case against the firm and its…
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Terra Classic (LUNC) has suffered persistent declines since the network’s collapse back in 2022. These declines have ranged from its price through to the network’s Total Value Locked (TVL). And even while development abounds among its community members to try to restore it to its past glory, the numbers point to a low possibility of…
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The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise. The US Securities and Exchange Commission (SEC) has expressed its “disappointment” at a court ruling last month that declared that Ripple’s XRP token was “not in and…
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Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market. The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be called PayPal USD (PYUSD). The stablecoin is going to be issued by…
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A US Judge has denied Terraform Labs’ motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC). On Monday, US District Judge Jed Rakoff rejected Terraform Labs’ arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did not qualify as an unregistered security. The ruling now allows the SEC’s case against Terraform Labs…
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Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple. A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm’s motion to dismiss on…
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