Do Kwon, the Co-Founder of Terraform Labs, Faces up to 40 years in Jail in South Korea and the US for his Involvement in the Terra Luna Coin Fiasco
Key Points: In a startling turn of events, Do Kwon, one of the co-founders of Terraform Labs, has been arrested on grounds of document forgery in Montenegro. Considering all his previous allegations, he might be facing around 40 years of jail time. Terraform Labs is the blockchain firm behind popular cryptocurrencies Terra and Luna. This news comes months after South …
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Blockchain Technology and Medical Research
Blockchain technology, best known as the underlying technology for cryptocurrencies like Bitcoin, has gained significant attention across various industries. In healthcare, blockchain has emerged as a promising solution for addressing critical challenges related to data security, interoperability, and trust. However, along with its potential benefits, there are important ethical considerations that need to be taken into account. This article explores …
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CFTC Greenlights Revolutionary Margined Crypto Futures Trading with Cboe Clear Digital
Cboe Global Markets has been granted permission by the Commodity Futures Trading Commission (CFTC) for its digital subsidiary, Cboe Clear Digital, LLC, for digital assets with margins. This approval allows Cboe Clear to provide clearing services for margin digital asset futures to futures commission merchants. Obtaining this approval is a significant achievement for Cboe Global Markets, as it has been …
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FSMA Issues Urgent Warning to Stay Away from These 38 Unlicensed Crypto Platforms!
The FSMA in Belgium has issued a warning about 38 unlicensed online trading platforms that are using deceptive ads on social media to entice users with the prospect of fast riches. The public is advised to be vigilant and avoid these fraudulent platforms to prevent becoming victims of their schemes. The FSMA Warnings For a while now, the FSMA has …
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Understanding Smart Contracts and their Role in DeFi
Smart contracts have emerged as a transformative technology, revolutionizing the way agreements are made, executed, and enforced in various industries. In the realm of finance, particularly in the rapidly growing field of decentralized finance (DeFi), smart contracts play a pivotal role in enabling trustless, transparent, and efficient transactions. In this article, we will delve into the intricacies of smart contracts, …
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Ethereum Fees Take a 70% Dive as Self-Custody Adoption Gains Momentum
Newly released data suggests that self-custody has experienced a notable surge while Ethereum fees have plummeted by 70%. After hitting a peak of $14 per ETH transaction in May, the average Ethereum fees have now decreased to $4.3, returning to their usual levels. Ethereum users have been struggling with high transaction costs for a long time. Thus, the recent reduction …
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Cardano Transaction Fees Soar to New Heights in August 2022
According to Messari data, Cardano, the third-largest smart contract platform by market capitalization, has experienced a significant increase in transaction fees. On May 28, the Cardano network recorded a remarkable surge in transaction fees, reaching a record high of $15.2K, the highest since Aug. 11, 2022. This indicates a surge in network activity and demand. Cardano Reaching New Heights Ethereum, …
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NFTs on Layer 2: Scaling Digital Collectibles and Gaming
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Cary
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May 29, 2023
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NFT
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Blockchain, Layer 2, NFT
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0 Comments
In recent years, non-fungible tokens (NFTs) have taken the world by storm, revolutionizing the way we think about digital ownership and collectibles. From unique artworks and virtual real estate to in-game items and sports memorabilia, NFTs have gained significant popularity and have become a hot topic in the crypto space. However, as the demand for NFTs continues to surge, scalability …
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Reddit’s Digital Collectibles Welcome 10 Million Newcomers to Crypto and NFT Universe
In less than a year since their debut, Reddit’s digital collectible avatars have seen an astounding surge in popularity. Launched in July 2022, these unique non-fungible tokens (NFTs) are on track to attract a staggering 10 million holders. Figures from Dune Analytics reveal the current count stands at 9,909,465, with the lion’s share of holders owning a single avatar. Brought …
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OpenAI’s $175M Fund Paves the Way for an AI-Crypto Financial Revolution
OpenAI has announced the closure of a $175 million investment fund, which may spark a financial revolution in the AI-Crypto industry. This fund marks a noteworthy milestone in the progress of financial technology and has the power to significantly impact the development of both AI and cryptocurrency. About Open AI In 2015, a set of tech experts, including Elon Musk …
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