Do Kwon Was Denied Bail In Montenegro: Report

Tech  Si Do Kwon ay Tinanggihan ng Piyansa Sa Montenegro: Ulat  23 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  On Wednesday, a higher court in Montenegro revoked bail of 800,000 euros ($880,640) earlier given to Do Kwon, a cryptocurrency entrepreneur accused in the United States of a multibillion-dollar scam, and an ally awaiting trial, according to a ulat.  The previous verdict was reversed by the high court in Montenegros capital Podgorica, court spokesperson Marija Rakovic said by phone on Wednesday. Kwon is still imprisoned.  Do Kwon, a South Korean person, is the former CEO of Terraform Labs, the South Korean company behind the stablecoin TerraUSD, which crashed in May 2022, unsettling cryptocurrency markets.  Han Chong-joon, Kwons former chief financial officer, is also affected by the judgment. Both were granted bail of 400,000 euros ($430,500) by the Basic Court in Podgorica earlier this month. The prosecution swiftly filed an appeal, which moved the matter to a higher court for a decision.  Kwon and Joon were apprehended in March when they attempted to board a flight to Dubai at the airport in Montenegros capital, Podgorica. The two were accused of falsifying official papers, and a court in Podgorica sentenced them to 30 days in pre-trial custody.  The prosecution contended that

2023-05-25Industriya

Meta, First Citizens Bank Axe Hundreds Of Jobs

Pananalapi  Meta, First Citizens Bank Axe Daan-daang Trabaho  21 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  First Citizens Bank will reportedly slash nearly 500 Silicon Valley Bank employees after it acquired the failed California bank, while Meta and Covid-19 test manufacturer Abbott Laboratories also announced jobs cuts Wednesday, marking one of the busiest days of layoffs this spring as recession fears and high inflation continue to push employers to reduce their head counts.  Mga Unang Mamamayan Chairman and CEO Frank Holding Jr. told employees in an email obtained by Axios the layoffs were the result of Silicon Valley Banks epic failure in March, which made it “increasingly clear that we must make decisions to right-size our scope and scale to remain competitive.”  meta informed roughly 6,000 employees they had been let go, CNBC reported, following a previous batch of layoffs affecting roughly 4,000 employees last month—the cuts are part of the social media giant‘s plans to slash 10,000 of its nearly 87,000 employees during its so-called year of efficiency and bring Meta’s total layoffs since November to 21,000.  Abbott Laboratories is cutting 200 jobs, it announced in a Worker Adjustment and Retraining Notification (WARN) notice, will bring the manufacturers total layoffs at its Westbrook, Maine, facility

2023-05-25Industriya

Pro-XRP Lawyer Reveals Expectation for Summary Judgment Verdict

Tech  Inihayag ng Pro-XRP Lawyer ang Pag-asa para sa Buod ng Hatol ng Hatol  21 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  XRP enthusiast and attorney Jeremy Hogan has revealed his expectations as regards the summary judgment ruling in the Ripple-SEC lawsuit.  Hogan was responding to a Twitter user who asked if Judge Torres could make a summary judgment decision before the redacted documents are released.  He answered that the judge does not have to wait for the documents to be released, but a more likely scenario is that she might wait. Hogan added that he would not hold his breath until after June 13.  In a throwback to events in the Ripple lawsuit, it should be recalled that on May 16, Judge Torres issued a ruling denying the SECs motion to seal the Hinman documents. The countdown for the much-talked-about documents to be made public began with June 6 in mind.  In the past week, both parties filed a joint letter for a one-week extension, until June 13, 2023, to file public, redacted versions of cross motions for summary judgment and accompanying exhibits, which include the Hinman materials.  The request for an extension of time to June 13 was required due to the “voluminous nature of the

2023-05-25Industriya

Crypto Market Restricted Upside Value: Bank of America 

crypto  Crypto Market Restricted Upside Value: Bank of America  20 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The analysts, Alkesh Shah and Andrew Moss, wrote that low belief, restricted catalysts, and achieving better results leave the digital asset sector stuck in a trading range with a challenging macro backdrop, likely capping digital assets upside.  The other reasons accounting for restricted growth can be the cost of production, fees of exchanges, and chances of attracting specific regulation by the government. These are some of the other reasons which may count, but the market suggested some more reasons after analysis.  This includes that the holders are increasing their holdings rather than trading or moving it around. And also, the prices are stagnant. This signals the lack of liquidity in the market. This can result in price swings.  Bitcoin Price Remains Stagnant  The best example in front is Bitcoin. The BTC prize remains stagnant at $17000. It can be said that it has reached the saturation point. And maybe, most of the people interested, have already bought it.  The bank had discussions with the client. This discussion clarifies that hedge funds are returning to token trading. It means the fund, which is invested in commodities, real estate, art, etc., is coming

2023-05-25Industriya

U.S. Regulator Says CFTC Is Not Crypto-Friendly Over The SEC

crypto  Sinabi ng Regulator ng US na Hindi Crypto-Friendly ang CFTC sa SEC  16 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Crypto News: The United States has witnessed a surge in crypto crackdowns, prompting businesses to consider relocating their operations offshore. Amidst these developments, a prominent U.S. regulator issued a strong statement, cautioning crypto companies against perceiving the Commodity Futures Trading Commission (CFTC) as a potentially friendlier regulator than the opulent Securities and Exchange Commission (SEC).  CFTC Not A Potential Crypto Ally  Christy Goldsmith Romero, one of the five commissioners at the CFTC, revealed that cryptocurrency cases now constitute approximately 20% of the agencys portfolio. This includes recent civil cases brought against major exchanges such as Binance and FTX. In March, the CFTC filed a lawsuit against Binance and its CEO Changpeng “CZ” Zhao, alleging the operation of a sham compliance program. CZ countered the allegations, describing them as an incomplete representation of facts.  Additionally, the regulator voiced her dissent over the belief that the CFTC has a “light touch” when it comes to regulating cryptocurrencies. While taking a dig on the matter, Romero was quoted as saying:  Light touch regulator would never be written on my tombstone.  Goldsmith Romero dismissed the notion of hostility between the CFTC

2023-05-25Industriya

Winklevoss Twins Explore London As Crypto Haven Amid US Crackdown

crypto  Winklevoss Twins Explore London Bilang Crypto Haven Sa gitna ng US Crackdown  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Samantala, ang Winklevoss ay hindi lamang ang nakatayo pa rin upang ipagtanggol ang crypto sa US. Kamakailan, Coinbase  Ang presyo ng pandaigdigang crypto market cap ay gumagalaw patagilid sa 1-araw na chart. Pinagmulan: Crypto TOTAL Market Cap sa TradingView.com  Nararamdaman na ng crypto market ang init mula sa patuloy na crackdown sa crypto sa US. Sa nakalipas na 24 na oras, ang pandaigdigang crypto market ay bumaba ng 1.7% na may market value na nasa itaas ng $1 trilyon.

2023-05-25Industriya

NFTrade debuts cross-chain payments for NFTs – Cryptopolitan

Pananalapi  Nag-debut ang NFTrade ng mga cross-chain na pagbabayad para sa mga NFT – Cryptopolitan  11 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Nonfungible token (NFT) marketplace NFTrade has unveiled a new tampok that allows collectors to purchase items on one network while making payments on a separate network. This innovative capability has been made possible through an integration with the cross-chain messaging protocol Rarimo, as announced on May 23.  The cross-chain purchase functionality on NFTrade supports transactions across Ethereum, Polygon, Avalanche, and BNB Chain. For instance, if a user wishes to buy an item on Avalanche, they can pay for it using a currency from any of the other three networks. The protocol facilitates the automatic swapping of the buyers tokens on the sending chain for the specific token desired by the seller on the receiving chain. Subsequently, the payment is made to the seller, and the NFT is released to the buyer.  Importantly, this entire process is executed in a decentralized manner, with the developer never taking custody of the buyer‘s funds, according to the announcement. Furthermore, NFTrade’s feature integrates with Circles Cross-Chain Transfer Protocol (CCTP), enabling buyers who opt to pay with USD Coin to burn their tokens on one chain and

2023-05-25Industriya

Multichain Token Crashes Over 20% Amid Reports of Users Funds Being Stuck

Tech  Nag-crash ang Multichain Token sa Higit sa 20% Sa gitna ng Mga Ulat ng Mga Pondo ng Mga User na Natigil  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade.  There have also been rumors about the arrest of the Multichain team, which is yet to be confirmed.  MULTI Sinks 24% in 24 Hours  Several Multichain users have complained about their funds being stuck in the protocol for as long as 72 hours. Part of the problem seems to stem from a backend upgrade, which the team said is taking longer than usual.  According to an operation update provided on May 23, Multichain said:  The upgrade of the back-end node is taking longer than expected. Most of the routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are suspended temporarily for now. All the affected transactions will arrive once the upgrade is complete.  Meanwhile, ongoing discussions on Multichains Telegram channel as of May 24 revealed that all but one router was undergoing an upgrade. One of the admins in the group said, “Only one router left in the upgrade progress. Other 6 routers work fine now,” with

2023-05-25Industriya

Hestia Launches a Blockchain based Freelance Platform, Redefining...

blockchain  Inilunsad ni Hestia ang isang Blockchain based na Freelance Platform, Muling Pagtukoy…  6 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Sa panahon kung saan ang mundo ng crypto ay pinangungunahan ng GameFi, DeFi, NFTs, at meme coins, binabago ni Hestia ang industriya sa pamamagitan ng pagpapakita kung paano mailalapat ang mga cryptocurrencies at teknolohiya ng blockchain sa mga tradisyonal na proyektong pang-ekonomiya.  Ang Hestia, isang groundbreaking na desentralisadong freelance na platform, ay ginagamit ang kapangyarihan ng desentralisasyon upang ipagsiksikan ang ekonomiya ng gig at bigyang kapangyarihan ang mga freelancer at kliyente.  Ang proyektong Hestia ay namumukod-tangi mula sa mga katapat nitong crypto sa pamamagitan ng pagtuon sa mga real-world na aplikasyon at paglikha ng isang napapanatiling ecosystem para sa malawak na hanay ng mga industriya. Sa pamamagitan ng paggamit ng mga pakinabang ng teknolohiyang blockchain, nag-aalok ang Hestia ng isang makabagong modelong pang-ekonomiya na nagbibigay-daan sa patas na pamamahagi ng kapangyarihan, kayamanan, at pamamahala ng komunidad.  Isang Bagong Modelong Pang-ekonomiya: Desentralisasyon sa Ubod Nito  Ibinubukod ito ng desentralisadong diskarte ni Hestia sa mga tradisyunal na freelance na platform, na kadalasang dumaranas ng mga isyu sa sentralisasyon at kaugnay na kawalan ng kahusayan. Sa pamamagitan ng pag-aalis ng pangangailangan para sa isang sentral na awtoridad, ang Hestia

2023-05-25Industriya

CFTC thinks crypto fraud is basically unstoppable – Cryptopolitan

crypto  Iniisip ng CFTC na ang pandaraya sa crypto ay karaniwang hindi mapigilan - Cryptopolitan  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Cryptocurrency fraud, an emergent and daunting concern, appears to be a battle of epic proportions for regulatory agencies. The US Commodity Futures Trading Commission (CFTC), a key overseer of this increasingly complex space, is finding the scale of this malfeasance overwhelming, yet remains undeterred.  Christy Goldsmith Romero, a distinguished commissioner of the CFTC, asserted at a recent white-collar crime conference at the New York City Bar Association that while the prevalence of crypto-related fraud is daunting, the agency remains resolute in its efforts.  An alarming 20% of the CFTCs current caseload pertains to cryptocurrency, signifying a new frontier in its supervisory responsibilities.  Highlighting the depth of this predicament are recent civil cases that the CFTC has brought against crypto exchanges like Binance and FTX. These cases illustrate the intricacies of the regulatory landscape.  Binance, one of the largest global crypto exchanges, and its founder, Changpeng Zhao, have been sued by the CFTC for allegedly maintaining a veneer of compliance.  While Zhao dismisses the allegations as an “incomplete recitation of facts”, the case highlights the challenges the agency faces in grappling with the fast-evolving digital asset

2023-05-25Industriya
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