LUNA, LUNC investors may experience some distress due to this update

ambcrypto.com

A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg's latest version of the legislation, it would be illegal to create or issue new “endogenously collateralized stablecoins.

Read in Full: ambcrypto.com

Timeline of Terra-luna-v2, Terra-luna


United States: Will this new bill ban Terra-like stablecoins for 2 years - AMBCrypto

A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currently being drafted in the U.S. House.


2023 Investment Picks: Terra Luna (LUNA), UniLend (UFT) and The Hideaways (HDWY) - Crypto Daily

We take a look at 2023 investment picks Terra Luna and UniLend in addition to The Hideaways (HDWY) - a project that's already sold 50% of its presale.What's the best crypto investment for 2023? Read on to find out.


What's Next for LUNA and LUNC Prices with Do Kwon on the Run? - BeInCrypto

Terra Classic (LUNC) has regained its footing after decreasing sharply for nearly two weeks. On the other hand, Terra (LUNA) shows no signs of a bullish reversal and is trading inside a bearish pattern.

Terra-luna-v2LUNA$1.625700
Terra-lunaLUNC$0.000162

South Korean Watchdogs Request Interpol's Red Notice against Do Kwon - Blockchain News

The controversy surrounding Do Kwon's whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs' founder.


Prosecutors Ask Interpol To Put Red Notice on Terra Founder Do Kwon: Report - The Daily Hodl

South Korean prosecutors investigating Terra (LUNA) founder Do Kwon have reportedly asked Interpol to place a red notice on the crypto entrepreneur as his whereabouts remain unknown.


South Korean prosecutors seek Interpol red notice, is LUNA on risk - AMBCrypto

Less than a week after South Korean authorities issued an arrest warrant for the founder of TerraForm Labs, the company behind TerraUSD, the prosecutor's office is now seeking an Interpol red notice against Do Kwon.


South Korea upgrades wanted status of Terra founder Do Kwon, asks for red notice - CryptoSlate

South Korea has asked Interpol to issue a red alert notice for Terra's founder Do Kwon, Financial Times reported on Sept 19. The post South Korea upgrades wanted status of Terra founder Do Kwon, asks for red notice appeared first on CryptoSlate.


Prosecutors Counters Terra Founder Do Kwon's Claims That He's Not On The Run - Bitcoinist

The last week has been one filled with activity for the founders of the now-defunct Terra network. From arrest warrants to accusations of evasion, Do Kwon and others have been in the thick of it recently.


Terra (LUNA) Founder Do Kwon Denies He's on the Run After South Korean Authorities Issue Arrest Warrant - The Daily Hodl

Terra (LUNA) founder Do Kwon has denied that he is evading authorities despite statements from South Korean prosecutors claiming the contrary. Bloomberg recently reported that warrants were issued to Kwon and five others who were charged with violations of South Korea's capital markets law.


Red Notice Issued Against Do Kwon! Did Terra Founder Fail to Cooperate with Investigations? - CoinPedia

On September 14, Terra founder Do Kwon and five other individuals received an arrest warrant from the country's judiciary for violating capital markets law. This arrest warrant comes after the fall of the Terra network in May which pulled down the entire crypto market.

f1coins