LUNC News: Binance Supports Terra Classic Parity Upgrade; L1TF Awaits Google Update

Meanwhile, core developer Joint L1 Task Force (L1TF) awaits Google to update the Chrome extension as some CosmWasm components will not function and will impact dApps until Google applies their update.

advertisement

Also Read: Terra Classic’s Biggest v2.1.1 Parity Upgrade Proposal Officially Passed, LUNC To $1

Binance Announces Support for Terra Classic v2.1.1 Parity Upgrade

According to an official announcement on June 14, Binance will support Terra Classic’s v2.1.1 upgrade. The Terra Classic network upgrade will happen at block height 13215800, expected today at 14:00 UTC. The current data suggest the upgrade will happen before the expected time.

Binance will suspend LUNC and USTC deposits and withdrawals through the Terra Classic (LUNC) network at 13:00 UTC. The trading activity will not get impacted during the network upgrade and users can continue to trade LUNC and USTC.

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

The crypto exchange will open deposits and withdrawals once the Terra Classic network stabilizes after the upgrade. Other crypto exchanges such as KuCoin also support the Terra Classic network upgrade.

Also Read: Terra Luna Classic Dev Makes Key Changes To v2.1.1 Parity Upgrade, LUNC Price Jumps 15%

Joint L1 Task Force project manager LuncBurnArmy took to Twitter to reveal that dApps will face issues after the upgrade as some wasm components will only function after Google update its Chrome extension. In addition, the existing Station web and mobile versions will continue to work normally.

LUNC Price Build Upside Momentum

Terra Classic jumped 15% on Tuesday as whales and investors anticipate a major rally after the upgrade due to significant improvements and upcoming plans.

LUNC price jumps 3% in the past 24hrs, with the price currently trading at $0.000097. The 24-hour low and high are $0.000092 and $0.000100, respectively. Furthermore, the trading volume has also increased by 70% in the last 24 hours, indicating an increase in interest.

Also Read: US House To Vote On Crypto Bill For Clarity On SEC or CFTC Jurisdiction In Weeks

Mooky Presale
Mooky Coin Presale
$MOOKY is a meme token which helps planting trees by donating to charity.
Visit Here
AD

Comments

Post a Comment

Popular posts from this blog

Quant Loses Value As It Meets Rejection At $125

Image
Mar 05, 2023 at 09:14 // Price Author Coin Idol The price of Quant (QNT) has resumed its downtrend after falling below the moving average lines and the support level of $130. Quant long-term price forecast: bearish Buyers have consistently supported the $130 price level since February 9. The altcoin recorded an uptrend to a high of $147 on February 15, but was rejected. Buyers were unable to keep the price above $150, which led to the decline. Selling pressure increased once the price fell below the moving average lines. However, the price signal suggests that s
Read more

Bloomberg: Fnality Gains $95M Funding From Goldman Sachs and BNP

Fnality has raised £77.7 million ($95 million) in its Series B financing round, according to Bloomberg. It seeks to provide a new payment system that facilitates a tokenized, peer-to-peer market. The firm is waiting for the Bank of England’s go-ahead to begin its operations. Fnality International, a blockchain-based wholesale payment system headquartered in London, has raised £77.7 million ($95 million) in its Series B financing round, according to Bloomberg. The funding phase was reportedly spearheaded by blue-chip financial firms Goldman Sachs and BNP Paribas. According to a statement by Fnality CEO Rhomaios Ram, the funding includes other prominent financial institutions such as Depository Trust & Clearing Corporation, Wisdom Tree Inc., Nomura Holdings Inc., and Euroclear. Though under development, this firm seeks to provide a new payment system that converges traditional and digital finance by facilitating a tokenized, peer-to-peer market. Concurr
Read more

Ethereum Price Drops 8%: What’s Next for the Altcoin Giant?

Image
Ethereum price started a major decline from the $3,500 resistance zone. ETH is down over 8% and might continue to decline toward the $3,120 support. Ethereum is gaining bearish pace from the $3,500 resistance zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down toward the $3,120 support zone. Ethereum Price Dives Below $3,350 Ethereum price failed to start a fresh increase above the $3,500 resistance zone. ETH started a fresh decline and traded below the $3,400 support zone. It declined by over 8% more than Bitcoin. There was a break below a key declining channel with support at $3,380 on the hourly chart of ETH/USD. The pair even declined below the $3,200 level and tested $3,180. A low is formed near $3,183 and the price is showing signs of more losses.
Read more