{"id":513378,"date":"2023-12-22T10:30:59","date_gmt":"2023-12-22T15:30:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=513378"},"modified":"2024-03-08T07:26:39","modified_gmt":"2024-03-08T07:26:39","slug":"terra-luna-up-rumor-coinbase-buys-lunc","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/","title":{"rendered":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC"},"content":{"rendered":"<p>The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the <a href=\"https:\/\/ktsl888.com\/news\/company\/what-happens-if-crypto-exchange-binance-bust-like-ftx-and-terra\/\" target=\"_blank\" rel=\"noopener \">biggest setbacks<\/a> for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna Classic (LUNC) by the community.<\/p>\n<p>Despite losing more than 99% of its value, the cryptocurrency still has one of the most active crypto communities on social media. And from it springs a <a href=\"https:\/\/twitter.com\/OlusileCrypto\/status\/11940608\" target=\"_blank\" rel=\"noopener nofollow\">rumor<\/a> today that has pumped the price of LUNC by 6%. The rumor says that the second largest exchange in the world by trading volume, Coinbase, might buy the LUNC token in large quantities.<\/p>\n<h2>Will Coinbase Buy Terra Luna Classic?<\/h2>\n<p>Within the LUNC community, the news that Coinbase has authorized the purchase of $245 million in LUNC is currently spreading like wildfire. The speculation also indicates that the American exchange will make the news public on January 3, 2023, and provide information about additional LUNC burns.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8BREAKING NEWS\ud83d\udea8<\/p>\n<p>Coinbase has just authorized the purchase of 245 million dollars in <a href=\"https:\/\/twitter.com\/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LUNC<\/a>. Internal source says that on the 3rd to announce publicly listing more off-chain burns.<\/p>\n<p>&mdash; WSB Trader Rocko \ud83d\ude80\ud83d\ude80\ud83d\ude80 (@traderrocko) <a href=\"https:\/\/twitter.com\/traderrocko\/status\/48308737?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, it is important to note that Coinbase has not yet issued an official statement on the matter. The various tweets also do not indicate a source, but merely make the claim based on a supposed source. Who this source of information is, whether it is someone internal, does not seem clear at the moment.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/binance-dispels-fud-financial-black-box\/\" target=\"_blank\" rel=\"noopener \">Crypto Exchange Binance Dispels FUD Of A \u2018Financial Black Box\u2019<\/a><\/div>\n<p>However, if the rumor turns out to be true, it could trigger the often-seen &#8220;Coinbase effect,&#8221; which causes altcoins to rise sharply before a listing on Coinbase.\u00a0Remarkably, the rumor of a listing of LUNC is not new either.<\/p>\n<p>Just two months ago, the Luna Classic community started a petition to list LUNC on Coinbase, as NewsBTC <a href=\"https:\/\/ktsl888.com\/terra-luna\/lunc-community-clamors-for-coinbase-listing-can-it-reach-1\/\" target=\"_blank\" rel=\"noopener \">reported<\/a>. The Terra community wants to follow in the footsteps of the Shiba Inu community, which managed to get the meme coin listed. The Coinbase effect provided SHIB with a short-lived 20% pump.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-recovery-fade-17-2k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Recovery Could Soon Fade If BTC Fails To Surpass $17.2K<\/a><\/div>\n<h2>LUNC Price Rises By 6%<\/h2>\n<p>At press time, the LUNC price stood at $0.00013625, registering a 6% price increase in the last 24 hours. Along with the surge in price, the trading volume of LUNC has also grown noticeably. Within the last 24 hours, it amounted to $90 million, which is 56% higher than the previous day.<\/p>\n<p>However, a look at the 4-hour chart reveals that LUNC remains in a deep bearish trading range. The short-lived rally ended just before the crucial resistance at $0.00014138. To set a bullish trend, LUNC needs to cross the trading range of $0.00013787 to $0.00015379.<\/p>\n<p>If the rally is short-lived, the support zone at $0.00012612 could be an important mark. Otherwise, the all-time low of LUNC at $0.00012136 would probably be on the table.<\/p>\n<figure id=\"attachment_513389\" aria-describedby=\"caption-attachment-513389\" style=\"width: 3618px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-513389 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?resize=3618%2C1611\" alt=\"Terra Luna Classic LUNC USDT 2023-12-22\" width=\"3618\" height=\"1611\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=3618 3618w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=1140 1140w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/LUNCUSDT_2023-12-22_13-58-45.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-513389\" class=\"wp-caption-text\">Terra Luna Classic price remains in bearish territory, 4-hour chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from Depositphotos, Chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna Classic (LUNC) by the community. Despite losing more than 99% of its value, the cryptocurrency still has one of the most active crypto communities on social media. And from it springs a rumor today that has pumped the price of LUNC by 6%. The rumor says that the second largest exchange in the world by trading volume, Coinbase, might buy the LUNC token in large quantities. Will Coinbase Buy Terra Luna Classic? Within the LUNC community, the news that Coinbase has authorized the purchase of $245 million in LUNC is currently spreading like wildfire. The speculation also indicates that the American exchange will make the news public on January 3, 2023, and provide information about additional LUNC burns. \ud83d\udea8BREAKING NEWS\ud83d\udea8 Coinbase has just authorized the purchase of 245 million dollars in $LUNC. Internal source says that on the 3rd to announce publicly listing more off-chain burns. &mdash; WSB Trader Rocko \ud83d\ude80\ud83d\ude80\ud83d\ude80 (@traderrocko) December 22, 2022 However, it is important to note that Coinbase has not yet issued an official statement on the matter. The various tweets also do not indicate a source, but merely make the claim based on a supposed source. Who this source of information is, whether it is someone internal, does not seem clear at the moment. Related Reading: Crypto Exchange Binance Dispels FUD Of A \u2018Financial Black Box\u2019 However, if the rumor turns out to be true, it could trigger the often-seen &#8220;Coinbase effect,&#8221; which causes altcoins to rise sharply before a listing on Coinbase.\u00a0Remarkably, the rumor of a listing of LUNC is not new either. Just two months ago, the Luna Classic community started a petition to list LUNC on Coinbase, as NewsBTC reported. The Terra community wants to follow in the footsteps of the Shiba Inu community, which managed to get the meme coin listed. The Coinbase effect provided SHIB with a short-lived 20% pump. Related Reading: Bitcoin Price Recovery Could Soon Fade If BTC Fails To Surpass $17.2K LUNC Price Rises By 6% At press time, the LUNC price stood at $0.00013625, registering a 6% price increase in the last 24 hours. Along with the surge in price, the trading volume of LUNC has also grown noticeably. Within the last 24 hours, it amounted to $90 million, which is 56% higher than the previous day. However, a look at the 4-hour chart reveals that LUNC remains in a deep bearish trading range. The short-lived rally ended just before the crucial resistance at $0.00014138. To set a bullish trend, LUNC needs to cross the trading range of $0.00013787 to $0.00015379. If the rally is short-lived, the support zone at $0.00012612 could be an important mark. Otherwise, the all-time low of LUNC at $0.00012136 would probably be on the table. Featured image from Depositphotos, Chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":571,"featured_media":451765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85583],"tags":[1393,83641,86067,65698],"class_list":["post-513378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-terra-luna","tag-coinbase","tag-luna","tag-lunc","tag-terra"],"acf":[],"yoast_head":"\n<title>Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC<\/title>\n<meta name=\"description\" content=\"The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC\" \/>\n<meta property=\"og:description\" content=\"The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-22T15:30:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-08T07:26:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC\",\"datePublished\":\"2023-12-22T15:30:59+00:00\",\"dateModified\":\"2024-03-08T07:26:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\"},\"wordCount\":492,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667\",\"keywords\":[\"coinbase\",\"LUNA\",\"LUNC\",\"Terra\"],\"articleSection\":[\"Terra (LUNA)\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\",\"url\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\",\"name\":\"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667\",\"datePublished\":\"2023-12-22T15:30:59+00:00\",\"dateModified\":\"2024-03-08T07:26:39+00:00\",\"description\":\"The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667\",\"width\":1000,\"height\":667,\"caption\":\"Coinbase Terra Luna Classic\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/ktsl888.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC","description":"The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/","og_locale":"en_US","og_type":"article","og_title":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC","og_description":"The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The","og_url":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-22T15:30:59+00:00","article_modified_time":"2024-03-08T07:26:39+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC","datePublished":"2023-12-22T15:30:59+00:00","dateModified":"2024-03-08T07:26:39+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/"},"wordCount":492,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667","keywords":["coinbase","LUNA","LUNC","Terra"],"articleSection":["Terra (LUNA)"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/","url":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/","name":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667","datePublished":"2023-12-22T15:30:59+00:00","dateModified":"2024-03-08T07:26:39+00:00","description":"The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667","width":1000,"height":667,"caption":"Coinbase Terra Luna Classic"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC","url":"http:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/terra-luna\/terra-luna-up-rumor-coinbase-buys-lunc\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667"},"articleSection":"Terra (LUNA)","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["coinbase","luna","lunc","terra"],"dateCreated":"2023-12-22T15:30:59Z","datePublished":"2023-12-22T15:30:59Z","dateModified":"2024-03-08T07:26:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/terra-luna\\\/terra-luna-up-rumor-coinbase-buys-lunc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/terra-luna\\\/terra-luna-up-rumor-coinbase-buys-lunc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Depositphotos_350919960_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667\"},\"articleSection\":\"Terra (LUNA)\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"coinbase\",\"luna\",\"lunc\",\"terra\"],\"dateCreated\":\"2023-12-22T15:30:59Z\",\"datePublished\":\"2023-12-22T15:30:59Z\",\"dateModified\":\"2024-03-08T07:26:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/Depositphotos_350919960_s-2019.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/513378"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=513378"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/513378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/451765"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=513378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=513378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=513378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}