LUNA Price Decline Wipes out the Recent Gains. Is Another Downtrend on the Way?

The crypto markets appear to have been swinging off-let as the bulls & bears try to establish their dominance. Considering the Terra(LUNA) price action, the upcoming trend appears to be largely vague. As the asset has been testing multiple patterns but failing to accomplish them.  At its current price of $2.

Timeline of Terra-luna-v2

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.

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.

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.

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.

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.

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.

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 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.

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 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.