1H
0.05%$0.0000
24H
15.3%$0.0017
7D
8.70%$0.0010
30D
-3.25%$0.0004
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
The shift from TFL to community management will significantly impact the Terra ecosystem and the LUNA token.
This deadline for claims is a key part of Terraform Labs’ strategy to handle its financial and legal issues.
Evidence has now been presented in court that confirms that Kwon’s wife did use funds from her own virtual asset account to make the initial payment on some of the properties.
The Digital Asset Alliance, which represents crypto companies, has said it will conduct a proper review of 1,333 altcoins over the next six months.
Terra is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged, seigniorage share style stablecoins which are algorithmically stabilized by its native cryptoasset, Luna.
One part of Terra’s value contributions, payments, in essence replaces the complicated payments value chain, including credit card networks, banks, and payment gateways with a single blockchain layer. In concert with the efficiencies that Terra has provided payment channels for both merchants and consumers, it continues to steadily provide infrastructural improvements and tools for the foundations of laying down a credibly neutral, distributed, and radically transparent ecosystem.
Bolstered through the initial mass adoption of Terra’s blockchain infrastructure powering its partner, CHAI, which has amassed over 1.3 million users to date, Terra moves naturally towards ecosystem building that offers competitive programmable payments, logistics, and infrastructure to power the plethora of industry that will be built on efficiency and scale.
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