Terra Luna Classic (LUNC) Price Jumps 60% as Binance Launches Trading Fee Burn Mechanism

Luna Classic (LUNC) initiated a bounce as a result of a Binance tax implementation on Monday. So far, the price has increased by 50%, breaking out from an important resistance in the process.

Timeline of Terra-luna-v2, Terra-luna

The world's largest crypto exchange Binance on Monday said it will burn all trading fees on Terra Classic (LUNC) spot and margin trading pairs by sending them to the LUNC burn address. After realizing the Terra Community's dissatisfaction with the “opt-in button” proposal, the crypto exchange decided to burn trading fees on LUNC spot and The post Breaking: Binance To Burn Trading Fees On Terra Classic (LUNC) Trading appeared first on CoinGape.

Now, unsurprisingly, it occurs: Do Kwon, the infamous co-founder of the Terra ecosystem that catastrophically collapsed in May, is implicated, and the Interpol wants a piece of him, according to numerous news agencies on Monday. The Singapore Police Force issued an arrest warrant for Kwon last Thursday, claiming that he had left the country at

Now it happens, unsurprisingly: the Interpol is involved and wants a piece of Do Kwon, the disgraced co-founder of the Terra ecosystem which disintegrated drastically in May, multiple news outlets reported Monday. Last week, the Singapore Police Force issued an arrest warrant for Kwon who, it said that time, was no longer in the country.

Terra's fiasco continues to haunt the market as the strong selling pressure kept pushing the price of Terra Classic (LUNC) down. In fact, the Terra LUNA crypto-crash saw the coin drop by 99.9% in price.

Do Kwon, founder of the collapsed crypto Terra (CRYPTO: LUNA) and terraUSD, has been issued an international arrest warrant over the collapse of his blockchain platform Terraform Labs and multiple criminal charges slapped by South Korea. What Happened: The International Criminal Police Organization has issued a 'Red Notice' For Kwon, who faces charges in South Korea over the $60 billion wipeout of cryptocurrencies he created, according to a Bloomberg report, which cited South Korean officials.

Authorities in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon. The post South Korea says Interpol has issued a red notice for Do Kwon, Bloomberg says appeared first on The Block.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Terra's recovery efforts by the team and its community over the last month rekindled positive investor sentiment, especially during the start of this month.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] faced stiff resistance near the $19.6k mark and registered some losses over the previous trading day.

Binance CEO Changpeng Zhao is one of the most active social media corporate persons. He interacts with users on Twitter and other social platforms to ensure that the company delivers in the best possible manner.

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. The post Binance to add opt-in button for 1.2% LUNC burn tax on all trades appeared first on CryptoSlate.