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A crypto analyst named Oscar Ramos posted a YouTube video on Nov. 27th expressing optimism about the near-term prospects of TerraUSD Classic and other coins linked to the struggling Terra ecosystem. In the analyst’s view, Terra Classic USD (USTC) significant price appreciation over the past day indicates renewed interest in the
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TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%.
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The courtroom drama unfolding around FTX founder and former CSam Bankman-Fried (SBF) has all the ingredients of a binge-worthy Netflix series, replete with a cast of shady characters and a plot that thickens with each passing day. Among the highlights were SBF's lofty presidential ambitions and a staggering $100-150 million bribe
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Over 55% of voters supported the proposal that included the impossibility of minting and reminting of USTC without the approval of the Terra Classic community. Terra Classic will no longer be able to mint new TerraClassicUSD (USTC) stablecoins without the approval of the Terra Classic community. According to data from ATOMScan,
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Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party to hold those assets. Most of the tokens, however, fall victim to a “death spiral” – with outflows or sales of backing assets causing a sudden
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The Terra Luna Classic (LUNC) community has voted overwhelmingly, with nearly 60% in favor, to cease the minting and reminting of Terra
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The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassicUSD (USTC), with the objective of reestablishing a stable peg between USTC and the US dollar.In a recent proposal, the community voted with 59% in favor of discontinuing the minting of USTC, while
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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
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Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of
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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
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