Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report - BitcoinEthereumNews.com

TeknolohiyaTerra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report05 / 20 / 2022Balita ng Ethereum ng Bitcoin  The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month.  Sa isang bagong ulat, Yonhap News says that South Korean authorities are considering bringing Ponzi scheme charges against Do Kwon, the founder of Terra (LUNA) and algorithmic stable coin TerraUSD (UST), both of which have plummeted by over 99.99% recently and causing losses of around $40 billion.  At issue is the Anchor Protocol, a decentralized finance (DeFi) platform built on top of the Terra ecosystems blockchain, which offered investors of UST returns of approximately 20%.  The report says that the Financial and Securities Crime Joint Investigation Team will investigate the case, and quotes one member of the prosecutors office as saying,  “Kwons remarks promising returns could provide a key clue.”  Do Kwon and fellow Terraform co-founder Daniel Shin are also being sued by five investors who claim to have lost $1.1 million due to “fraud and other financial irregularities,” says the report.  The legal pressures on Kwon come in the wake of Luna Foundation Guard (LFG) paglalaglag billions of dollars worth of Bitcoin

2022-05-20Industriya

The odds of a home price correction just spiked—this interactive chart shows if your local housing market is at risk - BitcoinEthereumNews.com

KabuhayanThe odds of a home price correction just spiked—this interactive chart shows if your local housing market is at risk05 / 20 / 2022Balita ng Ethereum ng Bitcoin  There‘s no way around it: if the Federal Reserve is going to get runaway inflation back under control, it’s going to cause some economic damage along the way.  The central bank has already put immense upward pressure on mortgage rates, which have spiked from 3.11% to 5.25% over the past five months, as it works to cool one of inflations biggest drivers, the booming U.S. housing market. If policy makers can slow down housing, they have a shot at slowing down overall price growth.  “Stock prices were very high relative to pre-pandemic, home prices are very high relative to pre-pandemic…My theory is that all of that is leading people to feel more confident and to spend more, and may be whats pushing us into higher consumption, higher spending, and higher inflation,” said Neel Kashkari, president of the Federal Reserve Bank of Mineapolis, on CNBC earlier this month.  Does that mean the Fed will cause home prices to have their own correction?  Kami already seeing the U.S. housing market slow down in the face of spiking mortgage rates.

2022-05-20Industriya

a16z Floats $600m Gaming Fund

After more than a decade of actively investing in the gaming industry, Andreessen Horowitz (a16z) wants to further exert its influence in that space.  In order to do this, the investment giant has floated a $600 million fund which it believes will help position it aright to tap enough market share in the more than $300 billion industry.  The company said it floated the fund which it named Games Fund One with the backing of key players in the gaming industry including David Baszucki, founder of Roblox; Jason Citron, founder of Discord; Marc Merrill, co-founder of Riot Games; Mike Morhaime, co-founder of Blizzard; Aleks Larsen and Jeffrey Zirlin, co-founders of Sky Mavis; Kevin Lin, co-founder of Twitch, Mark Pincus, founder of Zynga; and Riccardo Zacconi, founder of King.  The enormous funds will be used to support startups building a wide range of solutions in the space. These solutions border on infrastructure, supporting ecosystems for developers, and outfits developing games directly.  “GAMES FUND ONE is founded on the belief that games will play a pivotal role in defining how we socialize, play, and work over the next century. Over the past decade, games have undergone a radical transformation, from simply being packaged entertainment to becoming

2022-05-20Malalim na Pagsisid

How to Buy Bitcoin with Gift Card on Prestmit - BitcoinEthereumNews.com

BitcoinHow to Buy Bitcoin with Gift Card on Prestmit05 / 20 / 2022Balita ng Ethereum ng Bitcoin  Bitcoin is undoubtedly the number one cryptocurrency many want to hold. Despite its price volatility, it has been a choice for crypto traders/investors.  Bitcoin is available on almost every crypto exchange as well as peer-to-peer trading platforms all over the globe. Its no longer news that you can buy bitcoins with gift cards as well as fiat currency.  Buying bitcoins with gift cards is smooth and easy when you use platforms such as Prestmit. The company is one of the leading gift card exchanges in Nigeria and Ghana. This is because Prestmit gives the best rates for gift cards and also gives its customers the chance to make good profits.  In this article, we‘ll discuss how to convert gift cards to Bitcoin on Prestmit. Before then, let’s learn more about Prestmit, Bitcoin and Gift cards.  What is Prestmit?  Prestmit is a digital exchange platform designed for users to trade, buy and sell digital assets as well as gift cards.  The platform is notable for its presence in Africas most populous and fast-rising nations, i.e. Nigeria and Ghana. This makes the Nigerian Naira and Ghanaian Cedis part of the payment options

2022-05-20Bitcoin

More Troubles for Do Kwon as S. Korea Levies $78M Tax Evasion Fine

Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed blockchain ecosystem.  Tax Evasion Charges With Proof  Local news sources claim that investigations into the Terraform Labs startup commenced around June last year. CEO Do Kwon, one of the faces of the project is accused of attempting to liquidate his personal properties in order to relocate the business elsewhere.  Terraform Labs is registered in the Virgin Islands and Singapore, however, for the sake of taxation, the South Korean Taxation Act recognizes companies the management operation is concentrated in the country. For Terraform Labs, a total of 100 billion won, (approximately $78 million) is due for payment.  The investigations revealed that Do Kwon is unpleased with the tax policies of the country, and the broad negligence has attracted a cumulative income tax fine of 4.66 billion won on Terra Virgin and a corporate tax fine of 44.47 billion won.  With many pointers showing Terraform Labs and its affiliated organizations are almost bankrupt, it is not clear how Do Kwon, who owns the majority stake in the company, will navigate the current charges against him.  Will

2022-05-20Malalim na Pagsisid

Trezor Hires Jan Andrascik as Chief Information Security Officer

Parent company SatoshiLabs announced on Wednesday that it has hired Jan Andraščík as Trezors Chief Information Security Officer (CISO).   In the new role, Andraščík is tasked with protecting SatoshiLabs data, systems, and physical security.  Before joining the cryptocurrency hardware wallets firm, Andraščík executed information security architecture roles for various leading firms including consultancies Accenture, and Deloitte, as well as financial services companies Raiffeisenbank and Česká Spořitelna (Erste Group).  While at Raiffeisenbank, Andraščík served a similar role to Trezor as a deputy to the CISO, where he was in charge of information security governance, risk management, and compliance.   Andraščík is widely recognized as an information security industry expert and is frequently asked to give talks at conferences on issues regarding national cyber security.  Pavol Rusnák, the co-founder and co-owner of Trezor holding company SatoshiLabs, talked about the development and said: “Jan Andraščík is a highly respected information security leader, and we are fortunate to have him here at SatoshiLabs. Jans experience is invaluable as we further enhance our capabilities to protect customers data, keep improving our internal security and privacy policies and practices, keeping in mind our main goal - to help people build their own self-sovereignty.”  Andraščík commented about his appointment and stated: “We

2022-05-20Malalim na Pagsisid

LimeWire to Debut Music NFTs in Partnership With UMG

LimeWire has tapped Universal Music Group to roll out exclusive music-based non-fungible tokens (NFTs).  As announced by the Universal Music Group, artists signed up on the platform will be able to showcase and share their audio recordings, audiovisual content, backstage footage, and any artwork and images as NFTs on the LimeWire marketplace and sell them directly to fans and collectors.  “NFTs are providing an exciting vehicle to enhance this connection between artists and audiences. This is why we are delighted to have partnered with LimeWire, who is focused on guiding everyday users into this expansive arena, in this new era of Web3 engagement and music appreciation,” said Jonathan Dworkin, EVP, Digital Business Development & Strategy at Universal Music Group.  The move is a huge milestone for LimeWire whose name rights were acquired by Paul and Julian Zehetmayr. The duo hopes the thrill that once characterizes the LimeWire brand back in the 2010s can return in our day. The partnership with UMG will help the startup regain credibility and the use of blockchain will help present the age-long challenge of copyright infringements that first forced the platform to shut down over a decade ago.  The new UMG-sponsored NFTs will be hosted on the LimeWire platform

2022-05-20Malalim na Pagsisid

Crypto Space May Have to Wait for Two Years Now for a Bitcoin(BTC) Bull Run Towards New ATH: Analysts - BitcoinEthereumNews.com

Bitcoin cryptoAng Crypto Space ay Maaaring Maghintay ng Dalawang Taon Ngayon para sa isang Bull Run ng Bitcoin(BTC) Patungo sa Bagong ATH: Mga Analyst05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Bitcoin price is consolidating within very narrow regions for some days and seems to be waiting for a significant push that may drag the price beyond the consolidation. However, the constant rejections at $30,700 may have weakened the rally to a large extent and hence the bull run could have been deferred for more time now.  Looking at the price history, the Presyo ng BTC takes nearly 2 years to recover from the lows. Previously, while the price fell in 2015, the price consolidated slowly yet steadily in an ascending maner to reach a peak close to $20,000 in 2017. And later, the price consolidated for nearly 2 years until the end of 2020 and kick-started a bull run since the begining of 2021. And hence the analysts speculated that the next BTC bull runs maybe after 2 years.  However, in the short-term, Bitcoin is forming multiple higher highs and higher lows and hence the next target may be yet again above $30,000. The price which is currently swinging within an

2022-05-20Bitcoin

Kiln completes $5 million funding round to grow blockchain staking platform » CryptoNinjas - BitcoinEthereumNews.com

Laszlo Szabo, CEO of Kiln  “We believe staking is the most natural yield in crypto, and we enable businesses to stake directly, or to white-label staking functionality into their products. Staking is a core primitive of this new world: by enabling asset owners to use their stake to secure the network and earn a yield doing so, staking preserves decentralization and provides returns. It is the Internet bond.”n– Kiln Co-Founder Ernest Oppetit, a former product manager at Improbable and Qubit; and Thomas de Phuoc, who was previously the Country Lead for France at Circle.

2022-05-20Industriya

New Jersey Mall To Get First Nerf Action Xperience In U.S. - BitcoinEthereumNews.com

KabuhayanNew Jersey Mall Para Makuha ang Unang Nerf Action Xperience Sa US05 / 19 / 2022Balita ng Ethereum ng Bitcoin  A 25,000 square-foot Nerf Action Xperience entertainment center, and a 20,000 square-foot Planet ... [+] Playskool featuring Hasbro toy brands, will open at the Westfield Garden State Plaza mall in New Jersey in the second half of 2023.  Unibail-Rodamco-Westfieldn  The Unibail-Rodamco-Westfield mall group has landed a leasing prize with the news that the first Nerf Action Xperience attraction in North America will open at one if its premier malls, Westfield Garden State Plaza in New Jersey.  That mall will also get another experiential attraction themed around Hasbron MAYn toys – a Planet Playskool entertainment center featuring Play-Doh, Tinkertoy, Spirograph, and other iconic playthings.  The anouncement that Hasbro licensing partner, Kingsmen Xperience, Inc., will be opening the two attractions at the mall is the result of a plan by Hasbro to transform its toy brands into multifaceted entertainment and lifestyle brands that go far beyond the toy box.  The plan reflected the vision of late Hasbro CEO Brian Goldner, and Nerf was picked as the perfect toy brand to test that vision. Goldner in early 2021 outlined plans for a Nerf TV show, a TikTok chanel, a

2022-05-20Industriya
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