Terra Co-Founders to Face Fraud Charges in South Korea

The challenges ahead for Terras co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week.  As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against CEOs Do Kwon and Daniel Shin for alleged fraud.  Besides the planned official complaints filed with the Seoul Metropolitan Police Agency against Kwon on charges of fraud, the aggrieved investors are notably working with RKB & Partners to file for the seizure of the duos real estate.  Munhwa also reported that six lawyers from the Capital Markets Law Team and the Intellectual Property Team of the law firm are writing and reviewing an application for provisional seizure of property and a complaint against Kwon.  There is wide-ranging devastation amongst investors of Terras native tokens LUNA and UST. While UST investors saw their supposed stablecoin de-peg from the projected $1 to a low of $0.08784, LUNA holders saw the coin slump from a high of over $99 in the past month to a low of $0.00001675.  Kwon is still in communication with the Terra community on the next course of action to revive the tokens. While his first proposals to

2022-05-19Malalim na Pagsisid

2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level - BitcoinEthereumNews.com

EthereumAng 2 pangunahing sukatan ng presyo ng Ethereum ay nagmumungkahi na ang mga mangangalakal ay mahihirapang hawakan ang $2K na antas ng suporta05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Ether (ETH) price has been trying to establish an ascending chanel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoins support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery.  Sa ngayon, ang Federal Reserve ay patuloy na nagdidikta sa pagganap ng mga merkado at ang kawalan ng katiyakan ay ang nangingibabaw na damdamin dahil ang mga sentral na bangko ng mga pangunahing ekonomiya ay nagsisikap na paamuin ang inflation. Isinasaalang-alang na ang ugnayan sa pagitan ng mga merkado ng crypto at ang index ng S&P 500 ay nasa itaas ng 0.85 mula noong Marso 29, malamang na hindi gaanong hilig ang mga mangangalakal na tumaya sa Ether decoupling mula sa mas malawak na mga merkado anumang oras sa lalong madaling panahon.  Currently, the correlation metric ranges from a -1, meaning select markets move in opposite directions to a +1, a perfect and symmetrical movement. Meanwhile, 0 would show disparity or a lack of

2022-05-19Ethereum

Aventis to Become Asia's 1st Graduate School to Enter Metaverse

Aventis Graduate School unveiled its metaverse roadmap and become Asias first graduate school to enter the metaverse.  The Aventis Metaverse was built in collaboration with Multiverse Labs and Smobler Studios.  Through the metaverse, Singapore headquartered Aventis is aiming to graduate and executive education affordable and accessible across Southeast Asia.  Aventis Metaverse is expected to begin beta testing with existing students and alumni onboarding in the third quarter of 2022.  The metaverses phygital (a mix of physical and digital) design will allow professionals and executives in Southeast Asia to gain access to education through networking, conferences, and global executive or advanced management programmes.  “By focusing on phygital, senior executives and professionals in Southeast Asia can enjoy both metaverse and physical through hybrid networking and global executive conferences. We aim to have the first ASEAN Conference in September to align with the return of the F1 Night Race in Singapore,” said Samuel Teo, General Manager of Aventis Graduate School.  Currently, Phygital claims to have more than 60,000 students from around the globe.  Aventis champions human capital development.  The metaverse is an immersive digital environment populated by virtual avatars representing actual people.  As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to

2022-05-19Malalim na Pagsisid

Web3.0 is Far Better for Creators Than Web2, According to a16z

Andreessen Horowitz (a16z), a renowned venture capital (VC) firm, has published statistics demonstrating that artists gain more when they pitch their tents with Web3.0 rather than Web2.0.  The claim was made in the inaugural issue of the firms state of the crypto report, which revealed that Web3.0 presently had 22,400 developers.  It should be noted that the Web3.0 space is dominated by Non-Fungible Token (NFT) innovators who are notably leveraging blockchain to alter the art, music, and creative world in general. Web2.0 was inventive enough to allow users to generate content that everyone can enjoy. However, the main social media sites offer little or no incentive mechanisms for these artists. Web3.0 is destined to change everything.  The Andreessen Horowitz analysis compared Web3.0 creator profits to those on YouTube, Spotify, and Meta Platforms Facebook.  According to the data, YouTube produced $15 billion in content ad revenue from 37 million channels, with an average pay per channel of $2.47. The compensation decreases with Facebook, which hosts 2.91 billion users and generates $300 million in ad income. The average wage for a creator in this city is ten cents. Spotify fared better, with the 11 million musicians hosted on the platform receiving an average of $636 from

2022-05-19Malalim na Pagsisid

Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz - BitcoinEthereumNews.com

EthereumDalawang Karibal sa Ethereum ay Malayong Nahihigitan ang ETH sa Pares ng Mga Pangunahing Sukatan, Sabi ng Venture Capital Giant Andreessen Horowitz05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Two altcoins are crushing Ethereum (ETH) in terms of active addresses and daily transactions, according to a new report from venture capital giant Andreessen Horowitz (a16z).  The venture capital firm looked at active addresses measured over a 30-day period as of May 12th, Ethereum had 5.5 million, compared to 9.4 million for Binance Chains Binance Coin (BNB) and a whopping 15.4 million for Solana (SOL).  Andreesen Horowitz also sinisiyasat daily transactions, looking at the 30-day average. As of May 12th, ETH had 1.1 million, compared to 5 million for BNB and 15.3 million for SOL.  Ethereum, however, has a far higher demand for block space. The leading smart contract platform by market cap witnessed more than $15 million worth of transaction fees over a seven-day average, compared to about $1.3 million for BNB Chain and only $62,041 for Solana.  The firm also found that Ethereum easily attracts the most developers out of the three blockchain ecosystems.  “Ethereums popularity is also a double-edged sword. Because Ethereum has historically prized decentralization over scaling, other blockchains have been able

2022-05-19Ethereum

What Is Tether? Will It Fall Like UST In The Future? - BitcoinEthereumNews.com

TeknolohiyaAno ang Tether? Babagsak ba Ito Tulad ng UST Sa Kinabukasan?05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Cryptocurrencies are highly pabagu-bago ng isip, making it difficult for holders to preserve asset value. Its safe to mention that digital assets are a great way to transfer money to friends/family in different countries. However, sending cryptocurrencies has numerous risks due to rapid price changes. This made it necessary for experts to create a cryptocurrency pegged to a real currency. One of the most significant advantages of fiat currency is stability. Fiat is stable even over a long period. However, excessive paper money printing can affect its value in the long run. The American dollar is one of the most popular fiat currencies due to its stability and acceptance. Many stablecoins, such as Tether, have been pegged to the USD, making them more stable. Stability also makes them an efficient way to preserve value, especially when sending USDT abroad.  What is USD Tether (USDT)?Sumali sa Chat Discord  USDT is a popular stablecoin on numerous blockchains, including Ethereum and Tron. The primary purpose of Tether is to mimic the USD, so even when the dollar grows in value, USDT also grows. According to the company,

2022-05-19Industriya

Universal Music Group ties with LimeWire to make music NFTs mainstream - BitcoinEthereumNews.com

TeknolohiyaNakipag-ugnayan ang Universal Music Group sa LimeWire para gawing mainstream ang mga NFT ng musika05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Universal Music Group (UMG) has entered a strategic deal with LimeWire, a digital collectibles marketplace. LimeWire revealed this news yesterday through a press release, noting that this partnership involves non-fungible tokens (NFTs). Specifically, this deal will see both companies strive to make digital music collectibles more accessible.  Ayon sa pahayag, this collaboration will see UMG artists and record labels access LimeWires Algorand-based NFT marketplace. The marketplace will serve as an additional platform for the artists and labels to explore various ways to engage with fans through digital collectibles and the web3 ecosystem.  Moreover, the marketplace will help UMG artists and labels create new revenue streams.  This agreement saw UMG offer LimeWire licenses to let it partner with its artists. This provision helps streamline the launch of inovative music-based NFT projects through the LimeWire marketplace.  Commenting on this collaboration, LimeWire co-CEOs Paul and Julian Zehetmayr said,  “We see this partnership as a true demonstration of the pace at which the music industry is embracing Web3. We‘re thrilled to open up the LimeWire NFT ecosystem to Universal Music Group artists and fans and can’t wait

2022-05-19Industriya

Make or Break as Near Protocol (NEAR) Holds on at Support of Long-Term Channel - BitcoinEthereumNews.com

TeknolohiyaMake or Break as Near Protocol (NEAR) Holds on at Support of Long-Term Chanel05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Despite bouncing at a confluence of long-term support levels, technical indicators for Malapit sa Protocol (NEAR) do not show any bullish reversal signs.  NEAR has been falling since reaching an all-time high price of $20.59 on Jan. 14. The price created a lower high on April 8 and has been falling at an accelerated rate since.  It is possible that the entire downward movement has been contained inside a descending parallel chanel. Such chanels usually contain corrective structures.  If the chanel is in place, then the price bounced at its support line on May 11. The bounce also coincided with the $6.40 horizontal support area. As a result of this confluence, the $6.40 region is considered to be a very strong support area. A breakdown from it could be the catalyst for the acceleration of the downward movement.  However, despite the slight bounce, technical indicators are bearish. This is especially visible in the weekly RSI, which has decreased below 50 (red icon). Even though the indicator is now in oversold territory, it has not generated any bullish divergence.  NEAR/USDT Chart By TradingView  Negosyante ng Cryptocurrency

2022-05-19Industriya

Inilunsad ng Museum of the Future ng Dubai ang NFT nito - BitcoinEthereumNews.com

Mga NFTInilunsad ng Museum of the Future ng Dubai ang NFT nito05 / 19 / 2022Balita ng Ethereum ng Bitcoin  Ang Museum of the Future ng Dubai, isa sa mga pinaka-iconic na gusali ng lungsod, ay nakipagsosyo sa Binance NFT upang ilunsad ang koleksyon nito ng Non Fungible Token. Ang mga NFT na ito ay aalisin sa loob ng ilang linggo, ngunit ang eksaktong petsa ay hindi pa alam.  Ang pakikipagtulungan sa pagitan ng Dubai Museum of the Future at Binance NFT  Ang Museo ng Hinaharap, dinisenyo ng arkitekto Shaun killa, ay nakatuon sa teknolohiya at inobasyon at ipinapakita ang pinakamalaking mga inobasyon, prototype na ideya at imbensyon.  Nakikipagtulungan sa Ang NFT ng Binance marketplace, ilulunsad ng museo ang sarili nitong koleksyon ng Non Fungible Token na pinamagatang Ang Pinakamagagandang NFT sa Metaverse.  Omar bin Sultan Al Olama, Ministro ng Estado para sa Artipisyal na Katalinuhan, Digital Economy at Malayong Trabaho, ay ipinaliwanag:  Ang pakikipagtulungan ng Museum of the Future sa pinakamalaking cryptocurrency at blockchain ecosystem player sa mundo ay gumagawa ng malaking kontribusyon sa mga plano ng Dubai na magtatag ng isang bagong internasyonal na digital asset ecosystem, na kung saan ay bubuo ng pangmatagalang paglago ng ekonomiya sa loob ng digital na ekonomiya.  Lath Carlson,

2022-05-19Industriya

Binasag ng LBlock ang Mga Kamakailang Matataas habang Ipinagpapatuloy nito ang Uptrend - BitcoinEthereumNews.com

LBlock/USD – 1-Oras na ChartLBLOCK/USD Medium-term Trend: Ranging (1-hour chart)-It Resumes Uptrend  Ang presyo ng Lblock ay nagpatuloy nang paitaas pagkatapos ng kamakailang pagkasira sa $0.001239 na mababa noong Mayo 18. Ang barya ay nasira sa itaas ng mga moving average ngunit ito ay nahaharap sa pagtanggi sa kamakailang mataas. Ang presyo ng Lblock ay nagsasama-sama sa itaas ng mga moving average para sa isang posibleng pataas na paglipat. Ang altcoin ay tumataas upang muling subukan o masira sa itaas ng resistance sa $0.001348. Sa baligtad, kung masira ng mga toro ang kasalukuyang antas ng paglaban, ang merkado ay magra-rally sa nakaraang mataas na $0.001663. Gayunpaman, ang uptrend ay malamang na mahaharap sa maagang pagtutol habang ang altcoin ay umabot sa overbought na rehiyon ng merkado. Ang presyo ng Lblock ay higit sa 80% na hanay ng pang-araw-araw na stochastic. Ang LBlock/USD ay nakikipagkalakalan sa overbought na rehiyon ng merkado. Babagsak ang barya habang lumalabas ang mga nagbebenta sa rehiyong overbought.  LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart)  Ngayon, ang presyo ng Lblock ay nag-rally sa $0.001324 pagkatapos ng kamakailang rebound ng presyo habang nagpapatuloy ito ng uptrend. Ang altcoin ay nag-rally sa isang naunang overbought na rehiyon ng merkado. May posibilidad ng maagang

2022-05-19Industriya
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