Altcoin News by Thebittimes.Com

Terra ’s LUNA token saw its highest price peak since June this past September, reaching a high of $6.7385. The Luna Crypto coin has picked up in momentum in the last 24 hours, with Binance completing its first “Luna Classic” burn of fees. With all the news circling Terra and Luna tax burn, October will see interesting shifts in the coin’s price. Here’s our prediction for LUNA in October. Source: Medium Luna Crypto Price Prediction: October 2022 LUNA is currently sitting at $2.55, according to CoinMarketCap. Terra is up 2.73% in the last 24 hours. Crypto experts at ChangellyBlog estimate that the average LUNA rate will float around $2.62974. After the surge in price in mid-September, the crypto has since leveled around the $2.53 range. Changelly predicts a slight bump in the LUNA price this month, with a max of $2.70973 and a minimum of $2.37976. It’s hard to predict a huge rise or fall for LUNA this month, so it’s safe ...

Earlier this week, it was reported that Ex- Terra executive Shin Hyun-seong, aka Daniel Shin, had been ordered by South Korean prosecutors to attend an investigation for unfairly making gains by selling LUNA [now LUNC ] tokens. Shin, as such, was pinned for “storing LUNA tokens which had been pre-issued without notifying regular investors and then allegedly earning profits over 140 billion Korean won when he sold the tokens at a high point.” The value of the same roughly translated to $105.52 million. Read More: Ex- Terra Exec made $105.52M Profit by selling LUNA : Probe underway Shin allegedly traded 70% of LUNA before price pump On November 17, Shin appeared before the prosecution and stated that he had a considerable amount of LUNA tokens at the time of the crash. He further denied selling tokens when LUNA was hovering around its highs. Per a local media report, “Shin is said to have made a statement to the prosecution to the effect that “more than...

Terraform labs co-founder Shin Hyun-Seung, aka Daniel Shin, has reportedly been ordered by South Korean prosecutors to attend an investigation this week for unfairly making gains by selling LUNA [now LUNC] tokens. A prosecutor from the Seoul Southern District Prosecutors’ Office confirmed with crypto media house Forkast that Shin was pinned for “storing LUNA tokens which had been pre-issued without notifying regular investors and then allegedly earning profits over 140 billion Korean won when he sold the tokens at a high point.” The value of the same stood at $105.52 million at press time. Notably, prosecutors consider this transaction as “fraudulent” and as a “violation” of the local capital markets law. Earlier, South Korean authorities had also been investigating if Terra ecosystems’ tokens projected characteristics of securities. The Seoul Southern District Prosecutors’ Office was judging the securities properties of LUNA by referr...

Regulators worldwide have been seeking the arrest of Terra founder Do Kwon. Several cases have been filed against the executive allegedly blaming him for the wipeout of LUNA and UST—two cryptos belonging to the Terra ecosystem. Towards the end of September, the International Criminal Police Organization [Interpol] issued a Red Notice against Terra founder Do Kwon to foster his arrest. Commenting on the same in his latest interview with Laura Shin on the UnChained podcast, he said, “We have currently made a request to check on the status on the red notice, but as far as I understand it is not an international arrest warrant .” Despite having charges against him, the Terra executive has been blamed for being on the run and not returning back to Korea. Clarifying the same, Kwon stressed the fact that he had “not been living in South Korea” since the end of last year and said that it’s inaccurate that he’s “not returning” back...