#terra luna crypto

[tomorrowusa]

I haven’t mentioned for a few weeks what a shit show crypto is. So let John Oliver do it far better than anybody else can.

I’ll just add is that the only value crypto has is the value that people think it has. As John Oliver put it, it’s totally based on “good vibes”. It’s essentially just digital play money that people buy with real money.  

One of the sketchy crypto characters John mentioned is Do Kwon. He is now in custody in Montenegro – nabbed while fleeing arrest by the authorities in the US and South Korea.

Interpol confirms arrest of crypto fugitive Do Kwon in Montenegro

[dencyemily]

Binance Burns 2.1B LUNC Tokens, Driving Terra Luna Classic Toward 100B Token Milestone for Market Stability

Binance eliminates 2.1B LUNC, near 100B token burn, Terra Luna Classic community, market stability. Terra Luna Classic edges closer to 100B token burn, Binance’s significant 2.1B contribution, key milestone. Community and Binance burn nearly 100B LUNC tokens, united effort, secure Terra Luna Classic’s future.

Binance, world’s largest crypto exchange, executes substantial token burn, removes 2.1 billion Terra Luna Classic (LUNC) tokens from circulation. Latest burn, ongoing effort, Terra Luna Classic community, reduce number of LUNC tokens, campaign on brink of eliminating 100 billion tokens. Initiative aimed at stabilizing token’s value, testament to community’s commitment, project’s long-term viability.

Binance’s recent action, 18th instalment, LUNC token burn series, total tokens incinerated by exchange, over 50 billion. More than half of total LUNC tokens burned by community. Tokens sent to designated burn address, effectively removed from circulating supply. Binance’s move part of broader community effort, contributions from other exchanges, validators, Terra Luna Classic stakeholders, reducing token’s supply.

Terra Luna Classic community collectively burns nearly 100 billion LUNC tokens, milestone, widespread support, token’s stabilization, growth strategy. Average weekly burn rate, 600 million tokens, sustained and coordinated effort across ecosystem. Community-driven initiative, reduced supply, sparked positive reaction in market. Trading volume of LUNC, significant uptick, reported 68.30% increase in last 24 hours.

Market capitalization of Terra Luna Classic, approximately $677.97 million, notable player in cryptocurrency market. CoinGecko reports notable price surge, outperforming global cryptocurrency market, peers in Smart Contract Platform category. Positive price movement, indicative of market’s optimistic response to community’s efforts to burn tokens, enhance token’s value.

Collective endeavor to burn Terra Luna Classic tokens, remarkable example of community collaboration in cryptocurrency sector. Binance’s significant contribution, coupled with sustained efforts of Terra Luna Classic community, highlights proactive approach to token management, market stabilization. Campaign nears 100 billion token milestone, positive market response, increased trading activity, growing confidence in Terra Luna Classic’s potential for long-term success.

[aixxriston]

Biswap (BSW), Terra Classic (LUNC) Holders Buy More Chronoly (CRNO) As It Launches on 6 October

The highly volatile crypto market still boasts of a token like Chronoly (CRNO) that has managed to weather the crypto waves without losing its value. The duo of Biswap (BSW) and Terra Classic (LUNC) have witnessed massive dumps by their holders in recent times due to the bearish posture of the crypto market. These two projects are backed by reputable individuals and influencers and offer exciting use cases.

Since the market is highly volatile, it is a no-brainer for investors to jump ship in search of projects that can beat the bear market, and that's why they are purchasing more Chronoly (CRNO), even as the latter's pre-sale has completely sold out.

Read on to find out the reason behind the ship jumping and other developments on the market.

Will Biswap (BSW) Get The Momentum Back?

The constant crypto crashes have taken a toll on not only Bitcoin, but also on smaller projects like Biswap (BSW). The market downturn has made token holders dump the project for a viable alternative like Chronoly (CRNO). However, the developmental team is working round the clock to reverse the narrative. First, it has partnered with reputable influencers to promote the brand and generate more younger leads/investors. Secondly, the team plans to list the native token, BSW, on multiple decentralized exchanges. The essence of the listing is to encourage massive adoption by investors from across the world.

At its core, Biswap (BSW) is a decentralized exchange that's built on the Binance Smart Chain to help crypto users easily swap tokens. Biswap (BSW) has a low crypto trading fee of 0.1%. As of the time of writing this piece, Biswap (BSW) trades for $0.263081 USD with a 24-hour trading volume of $5,945,816 USD.

Can Terra Classic (LUNC) Reach $1 By 2023?

Terra Classic (LUNC) experienced a boost from new users in the first quarter of 2022, and then the bear market struck the global crypto market. As with Biswap (BSW), Terra Classic (LUNC) holders have also joined investors jumping ship to join the Chronoly (CRNO) bandwagon. The reason for this may not be unconnected to the massive growth experienced by Chronoly.

Luna Classic (LUNC) is the original Terra Luna coin left behind following the launch of a new Terra chain after the recent UST/Luna collapse. Despite the move by Terra Classic (LUNC) holders, the project's CEO has assured the remaining investors still in the network that the bear market is temporary and that LUNC token will recover once the market breaks support.

At press time, Terra Classic trades for $0.000297 USD with a 24-hour trading volume of $286,803,165 USD.

Chronoly (CRNO) Launches On October 6 After a Successful ICO

Despite the dip in the global crypto market, Chronoly (CRNO) has been more successful than the duo of Biswap (BSW) and Terra Classic (LUNC). The reason for the success is not far-fetched: Chronoly (CRNO) is a project that is backed by real assets. Timepieces or luxury watches have been proven to be a hedge against inflation.

Timepieces usually shine during government upheaval and war, and the Chronoly team decided to invest in this space. Chronoly (CRNO) is an Ethereum-powered marketplace that's scheduled to launch on October 6. The marketplace will allow traders and investors can buy, sell, and trade in rare luxury watches from popular brands like Rolex, Patek Philippe, Richard Mille, and Audemars Piguet, with as low as $10.

Since its inception, Chronoly (CRNO) has grown by over 690%, attracting the attention of both institutional and retail investors from across the world. The Chronoly team recently completed and sold out its ICO. With the milestone recorded in the just concluded ICO, the Chronoly team will redouble its efforts to provide users with the opportunity to earn membership benefits and lottery prizes.

[cherrynika]

It's been 3 years since he was cancelled. 3 years of off-on retail work, attempting to reunite with Max, and attending uni part-time. Esteban, annoyingly, has not only graduated but scored a deal with Kiki.K to make bullet journals. Bullet journals were PIERRE'S thing--total productivity hack. Esteban even stole his idea to add a special page of grid paper for each week, to track stock prices.

Pierre had said, to track the price of Bitcoin and Luna. But everyone knows what happened to that. He didn't just lose his followers, he got anonymous messages with audio attachments after Terra and Luna cratered overnight. At first he opened them, his curiosity, after all, had led him to the high point of becoming the first crypto influencer in France. But it was just screaming, sobs, inchoate shrieking. That was creepy enough, but then he got messages from unknown sources saying they knew he lived in the 6th arrondissement, and that they'd lost their house, their retirement, their second home in the alps, car downpayment, the chance to holiday in Bali, he knew it was time to go dark.

It was so annoying. Every time he started something new, like tarot or astrology podcasts, they'd hunt him down.

Pierre always said, none of his videos were financial advice. And yet.

[fitmintwear]

FTX Fiasco: Rise and Fall of Bankman-Fried

The cryptocurrency market has experienced a whirlwind of activity over the last week, which will be remembered for a great many years. Unquestionably, 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This is due to the fact that the cryptocurrency industry was finally taken seriously and discussed on a global scale for the first time since the creation of Bitcoin back in 2008–2009. Terms like cryptography and Web 3.0 were becoming more widely used by non-technical people as well.

The Axie Infinity Ronin bridge attack, the Terra LUNA crash, and the collapse of the FTX exchange, one of the second-largest cryptocurrency exchanges by volume in the world, were among the worst crashes of 2022. In this article, we will be taking a closer look at the timeline of events and understand what led to the collapse of the FTX exchange and the fall of the man who was once hailed as the savior of the crypto world- SBF.

Who is SBF- Sam Bankman-Fried?

SBF, also known as Bankman-Fried, was, until recently, the up-and-coming star of the cryptocurrency world with a net worth of $26 billion as he quickly joined the Bloomberg Billionaires Index. Bankman-Fried was raised in California by his parents who were Stanford Law professors. He completed his undergraduate work at the Massachusetts Institute of Technology in math and physics before working on Wall Street. He started FTX two years after founding Alameda Research in 2017.

What is FTX?

FTX (short for “Futures Exchange”) was a platform where users can purchase and sell digital assets like bitcoin, ether, and Dogecoin. Platforms like FTX rose in popularity in recent times as more and more people sought to invest in cryptocurrencies without having to deal with the technical aspects of it.

The rise of FTX

The exchange paid for flashy television commercials with A-list celebrities to promote itself as a secure and simple way to invest in cryptocurrencies. In addition to this, Bankman-Fried also purchased the advertising space in uniforms and sporting venues for Major League Baseball officials. The 2019-founded business gained international notoriety very quickly thanks to a number of aggressive marketing tactics, high-profile acquisitions, and low trading fees.

With the promise that they could invest their money in accounts and earn significantly higher yields than at conventional banks, even those who were unfamiliar with the technology were seduced by FTX. Major venture capital firms joined in and invested nearly $2 billion in the business. The 30-year-old founder of FTX, Sam Bankman-Fried, rose to prominence as the face of the business and, to some, of cryptocurrency in general. FTX was difficult to miss due to celebrity endorsements and significant sports sponsorships.

The Fall of FTX

It was only a matter of moments how the cryptocurrency market boomed after SBF launched FTX. Bitcoin’s price, which had previously fluctuated around $10,000, skyrocketed in 2021 and reached a high of more than $64,000. Venture capital funds poured into everything blockchain-related and digital currency-related, and crypto platforms shifted to draw users beyond the technologists and blockchain enthusiasts who had previously propelled its rise.

From its late 2021 highs, when it was generally considered to be a leading indicator of the larger cryptocurrency market, the price of bitcoin has fallen sharply. It currently trades for about $16,000. While it strongly affected the value of other cryptocurrencies and tokens, many significant platforms had already closed due to the general decline in the crypto industry. However, FTX appeared to be immune, even going so far as to acquire some of its faltering rivals.

But when CoinDesk, a cryptocurrency-focused digital media website, published the balance sheet of Alameda Research, a crypto investing company that also belonged to Bankman-Fried, things started to change. It revealed that Alameda had a sizable amount of FTT, a virtual currency developed by FTX. Even though the FTT had a certain market value, Alameda would be in danger of going bankrupt if the price dropped.

CZ (Changpeng Zhao), CEO of the cryptocurrency exchange Binance, a competitor of FTX, declared on November 6 that his business would offload all of its FTT tokens as a result of the leak of Alameda’s balance sheet. FTT’s cost dropped significantly. Many FTX users moved to remove their funds from the platform as the price fell.

The crypto community was already on edge despite the fact that the full extent of the connections between Alameda and FTX was not yet known. In the end, several billion dollars were poured out of FTX by people who rushed to withdraw their money before it ran out of funds. On November 8, FTX barred users from withdrawing funds from the system, which marked the fall of FTX. Not only did it shake the volatile crypto market, declining its overall market capitalization below $1 trillion, but also left some deep scars on the whole international crypto community that will have repercussions for years to come.

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[36crypto]

Do Kwon Extradited to the US, Faces Fraud Charges Over $40 Billion Crypto Collapse

Do Kwon, the co-founder of Terraform Labs, has been extradited to the United States from Montenegro to face multiple fraud charges stemming from the May 2022 collapse of the Terra-Luna cryptocurrency platform. This development follows an extensive international investigation into Kwon’s alleged role in one of the largest financial failures in cryptocurrency history. Kwon was arraigned in the…

[quantarai]

LUNC Could Spark 1,100% Rally

Terra Classic has mixed on-chain indicators but with a potential positive growth outlook. The LUNC ecosystem is eyeing a major v3.3.0 upgrade that might drive sentiment. The crypto market watches Terra Luna Classic (LUNC) as key trends point to a potential bullish breakout. This movement could see LUNC rallying to new highs and even seeing a 1,100% surge. Historical LUNC Price Trend In an X…

[thesocialchronicles]

Minister of Justice Bojan Božović approved extraditing Terraform Labs founder Do Kwon to the United States. The Montenegrin Justice Minister has signed an order to hand Do Kwon over to U.S. authorities instead of his home country, South Korea, according to local media Vijesti. Both governments have investigated Kwon and wrestled for his extradition concerning the $60 billion Terra-Luna fiasco.  In 2022, Kwon’s Terra blockchain imploded and wiped out a glut of over-leveraged crypto businesses. The bankruptcy avalanche swept firms like Three Arrows Capital, BlockFi, and even FTX. Kwon fled as the crypto market depression thickened, and Interpol issued a Red Notice arrest warrant for his capture.  The Terraform co-founder reportedly hid in Serbia, crossed into Montenegro and attempted flying to Dubai using forged passports.  Before Kwon and Han Chang-joon, Terraform Labs’ former finance officer, could board a private plane at Podgorica airport, police in Montenegro’s capital city arrested the pair. They were jailed for four months while U.S. and South Korean federal prosecutors jockeyed for extradition rights in the background.  The decision swayed between both governments, as several courts in Montenegro overruled extradition orders on multiple occasions. Goran Rodi��, Do Kwon’s lawyer in the Balkans, also repeatedly contested extradition orders. On Dec. 25, Montenegro’s Constitutional Court dismissed Kwon’s latest appeal. Kwon’s company Terraform Labs agreed to sunset its business and the largest settlement fine in the Securities and Exchange Commission’s history — $4.47 billion. It’s unclear if Rodić will challenge the order from Minster Božović extraditing Kwon to U.S. soil, where he’ll likely be prosecuted for Terra’s collapse. South Korean authorities also have an ongoing Terra case. If found guilty of breaking local market rules, the maximum penalty would be a 40-year sentence against Kwon. 2024-12-27 15:07:41 https://crypto.news/app/uploads/2023/07/crypto-news-Do-Kwon-jail-background-dark-color-low-poly-style-v5.1.jpg

[cryptogem]

Top Tips to Secure Your Cryptocurrency Investments

In the ever-evolving world of cryptocurrency, protecting your investments is more important than ever. With the rise of digital currencies, hackers and scammers are constantly finding new ways to target unsuspecting investors. Whether you’re a newcomer to crypto or a seasoned trader, ensuring your digital assets' safety is paramount. This guide will provide you with comprehensive tips to secure your cryptocurrency investments and mitigate potential risks.

Why Security Matters in Crypto

The decentralized nature of cryptocurrency offers numerous advantages, such as transparency, independence from traditional banking systems, and global accessibility. However, it also comes with significant security challenges. Unlike traditional bank accounts, there’s no central authority to recover stolen or lost funds. Once your crypto is compromised, it’s often gone forever.

In addition, the crypto space is rife with phishing scams, malware attacks, and other sophisticated hacking attempts. This makes understanding and implementing strong security measures critical for protecting your investments. By taking the necessary steps, you not only safeguard your assets but also gain peace of mind in a volatile and risky market.

Basic Security Practices

To start, let’s focus on foundational practices that every crypto investor should adopt. These straightforward steps provide a strong defense against common threats.

1. Use Strong Passwords

A strong password is your first line of defense against unauthorized access. Weak passwords like "123456" or "password" are easily guessed or cracked by hackers. To create a secure password:

Combine uppercase and lowercase letters, numbers, and special characters.

Avoid using personal information, such as your birthdate or pet’s name.

Use a password manager to generate and securely store passwords.

2. Enable Two-Factor Authentication (2FA)

Two-factor authentication adds an extra layer of security to your accounts. Even if your password is compromised, 2FA ensures that only you can access your crypto wallet or exchange account. Popular 2FA tools include Google Authenticator, Authy, and hardware security keys like YubiKey.

3. Keep Private Keys Safe

Your private keys are the gateway to your crypto holdings. If someone gains access to your private keys, they can control your funds. Best practices include:

Storing private keys offline, such as on a piece of paper or a hardware wallet.

Avoid saving private keys in cloud storage or on devices connected to the internet.

Using a secure backup method, like a fireproof vault, for long-term storage.

Advanced Security Measures

Once you’ve mastered the basics, consider implementing advanced measures for enhanced protection.

1. Invest in a Hardware Wallet

A hardware wallet, or cold wallet, is a physical device that stores your private keys offline. This keeps your funds safe from online threats like hacking or malware attacks. Popular hardware wallets include Ledger and Trezor.

For example, imagine you’ve invested in a promising cryptocurrency like Terra Luna. Keeping your assets in a hardware wallet ensures they remain secure, even if exchange platforms are compromised. For the latest updates on LUNA price. Hardware wallets are especially recommended for long-term investors and those holding significant amounts of cryptocurrency.

2. Stay Vigilant Against Phishing Scams

Phishing scams are among the most common ways investors lose their cryptocurrency. These scams often involve fake emails or websites that mimic legitimate companies, tricking users into revealing sensitive information. To avoid falling victim:

Verify the authenticity of emails and website URLs.

Never click on links from unknown or unverified sources.

Use browser extensions that detect phishing sites.

3. Regularly Update Wallets and Software

Keeping your software up-to-date is crucial for preventing vulnerabilities. Developers frequently release updates to patch security flaws, so always use the latest versions of your wallet and related apps. This includes updating firmware for hardware wallets.

4. Diversify Storage Options

Storing all your crypto in one place increases the risk of losing everything in case of a security breach. Instead, consider using multiple wallets:

Hot wallets for day-to-day transactions.

Cold wallets for long-term storage.

Distribute funds across different wallets to reduce overall risk.

Planning for the Future

Beyond protecting your current investments, it’s important to plan for future contingencies, including unforeseen events like accidents or death.

1. Crypto Estate Planning

What happens to your crypto if you’re unable to access it? Without proper planning, your digital assets could be lost forever. Steps to consider:

Document your wallet details, private keys, and seed phrases.

Store this information securely and share it with a trusted person or use a professional estate planning service.

Update your plans regularly as your portfolio changes.

2. Conduct Regular Security Audits

Periodically reviewing your security practices helps you identify and address vulnerabilities. A security audit checklist might include:

Reviewing password strength.

Ensuring 2FA is enabled on all accounts.

Verifying that private keys are securely stored.

Real-World Examples and Lessons

To emphasize the importance of security, let’s examine some real-world cases.

Case Study: Mt. Gox Exchange Hack

In 2014, the Mt. Gox exchange was hacked, resulting in the loss of over 850,000 Bitcoin. The incident highlighted the dangers of storing large amounts of cryptocurrency on exchanges and the need for personal security measures like hardware wallets.

Case Study: Phishing Scams

In another case, an investor lost thousands of dollars by entering their wallet credentials on a fake website designed to look like a legitimate exchange. This underscores the importance of vigilance and verifying the authenticity of websites and emails.

Conclusion

Securing your cryptocurrency investments is an ongoing process that requires vigilance, knowledge, and the right tools. By following these tips, you can significantly reduce your risks and protect your digital assets from potential threats. Whether you’re safeguarding Terra Luna or diversifying across multiple assets, taking proactive measures today ensures the safety of your portfolio tomorrow.

Start implementing these strategies now and gain the confidence to navigate the crypto space securely. Protect your investments, and they will protect your financial future.

[reddragdiva]

by Amy Castor and David Gerard

Tornado Cash founders charged with money laundering and sanctions busting

Federal Reserve has Farmington Bank taken out front and shot

Prime Trust not only lost its wallet keys, it was gambling on Terra-Luna

Binance, Sam Bankman-Fried and all sorts of other great guys

[dietplanssite]

The US Securities and Exchange Commission charges Tai Mo Shan with fraud in connection with claims to stabilize the US dollar peg

The US Securities and Exchange Commission (SEC) has charged Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC, of ​​misleading investors about the stability of Terra USD (UST), an algorithmic stablecoin created by Terraform Labs. The SEC also charged Tai Mo Shan with illegally offering and selling LUNA, a cryptocurrency issued by Terraform, as an unregistered security. Misleading…