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Aki megnyeri a versenyt, megnyeri az egész évszázadot ITBusiness 2025-01-02 09:33:19 Infotech Alapvető emberi tulajdonság, hogy izgat bennünket a jövő. Mit hoz az előttünk álló időszak? Nehezebb lesz? Könnyebb? Mire készüljünk? Jövőkutatóktól kérdeztük meg, ők hogyan vélekednek a 2030-ig tartó, és esetleg még az az után következő időszakról is. Mi személyi asszisztens és saját fejlesztésű, minden részletszabályt ismerő Mi "kolléga″ az Ersténél Digital Hungary 2025-01-02 08:39:00 Infotech Mesterséges intelligencia Erste Havonta több órát segít megspórolni az Erste dolgozóinak a bank mesterséges intelligencián (MI) alapuló személyi asszisztense. Az új MI "kolléga″ szöveget ír, adatokat elemez, segít felkészülni egy értekezletre, vagy kérésre összegzi egy megbeszélésen elhangzottakat. Az Ersténél az MI hamarosan további területen, az ügyfélkiszolgálásban is szerepet Egy kőbányában fedezték fel az eddig legnagyobb brit dinoszaurusznyom-lelőhelyet Telex 2025-01-02 14:07:55 Tudomány A környéken lagúna terült el, a lábnyomokból ítélve kétféle dinoszaurusz is végigsétált rajta. Az új év kezdetétől sok telefonon nem fut már a WhatsApp Player 2025-01-02 12:00:07 Mobiltech Telefon Android KitKat Az idei évtől több régi készüléken sem nem lesz használható a WhatsApp. Az alkalmazás január 1-én kapott egy olyan frissítést, amely után többé nem fog futni a 2013-ban rajtoló Android KitKat rendszeren. Minden vállalati területet elér a transzformáció 2025-ben ICT Global 2025-01-02 06:33:12 Infotech Trend A technológiai vezetők számára az iparágak különböző területein az újonnan megjelenő eszközökkel és trendekkel való naprakész ismerkedés a napi munka része. Az ő feladatuk, hogy felkészíteni a céget, szervezetet az új fejlesztésekre és szabályozásokra. Nincs többé Vodafone és Digi Magyarországon, One van helyettük refresher.hu 2025-01-02 13:14:00 Mobiltech Vodafone Digi Néhány infó, amit tudni érdemes a váltásról, illetve a Digi és a Vodafone közös utódjáról, a One-ról. Az LG piacra dobta a világ első átlátszó, vezeték nélküli OLED tévéjét Igényesférfi.hu 2025-01-02 09:04:28 Infotech USA Az LG Electronics világszerte megkezdi a 77 hüvelykes LG SIGNATURE OLED T, azaz a világ első átlátszó és vezeték nélküli 4K OLED tévéjének értékesítését. Az úttörő modell már megvásárolható az Egyesült Államokban, és hamarosan további piacokon is elérhető lesz. A mesterséges intelligencia elhozza a régi szövegek felfedezésének aranykorát Index 2025-01-02 13:47:00 Tudomány Mesterséges intelligencia Elszenesedett papiruszt, karcolt csontokat és több ezer éves agyagtáblákat fejt meg. A DÁP-ra épít a legnépszerűbb hazai e-health applikáció HWSW 2025-01-02 09:37:37 Infotech Legalábbis külsőleg. Az EgészségAblak új verziója átvette az IdomSoft által készített applikáció-dizájnt. Montenegró kiadta az USA-nak a TerraUSD-összeomlás kulcsfiguráját IT café 2025-01-02 13:06:00 Infotech USA Montenegró Montenegró kiadta az USA-nak a Terraform Labs korábbi vezérigazgatóját, Do Kwont. Putyin kiadta az ukázt: fejlődjön az AI együttműködés Kínával! Mínuszos 2025-01-02 09:33:50 Gazdaság Mesterséges intelligencia Vlagyimir Putyin Moszkva Kreml Vlagyimir Putyin utasította az orosz kormányt és az ország legnagyobb bankját, a Szberbankot, hogy építsenek ki együttműködést Kínával a mesterséges intelligencia (AI) területén. Putyin utasításait szerdán tették közzé a Kreml honlapján, három héttel azután, hogy bejelentette: Oroszország a BRICS-partnerekkel és más országokkal fog össze az AI fejl Oroszország szemeteli a legjobban a világűrt, de az USA hulladéka a legveszélyesebb Telex 2025-01-02 14:41:00 Tudomány USA Kína Világűr Hulladék Egy kínai cég kiszámolta, melyik ország hány űrszemétért felelős, és kié veszélyezteti a legjobban a többi objektumot. A Yamaha már megépítette a XXII. század járművét Vezess 2025-01-02 11:03:58 Autó-motor Mesterséges intelligencia Netflix Yamaha Egy Netflix-gyártású animesorozathoz készítette el futurisztikus motorkerékpárját a Yamaha. Az Y/AI nevében hordozza lényegét: a mesterséges intelligenciát. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.
Aki megnyeri a versenyt, megnyeri az egész évszázadot ITBusiness 2025-01-02 09:33:19 Infotech Alapvető emberi tulajdonság, hogy izgat bennünket a jövő. Mit hoz az előttünk álló időszak? Nehezebb lesz? Könnyebb? Mire készüljünk? Jövőkutatóktól kérdeztük meg, ők hogyan vélekednek a 2030-ig tartó, és esetleg még az az után következő időszakról is. Mi személyi asszisztens és saját fejlesztésű, minden részletszabályt ismerő Mi "kolléga″ az Ersténél Digital Hungary 2025-01-02 08:39:00 Infotech Mesterséges intelligencia Erste Havonta több órát segít megspórolni az Erste dolgozóinak a bank mesterséges intelligencián (MI) alapuló személyi asszisztense. Az új MI "kolléga″ szöveget ír, adatokat elemez, segít felkészülni egy értekezletre, vagy kérésre összegzi egy megbeszélésen elhangzottakat. Az Ersténél az MI hamarosan további területen, az ügyfélkiszolgálásban is szerepet Egy kőbányában fedezték fel az eddig legnagyobb brit dinoszaurusznyom-lelőhelyet Telex 2025-01-02 14:07:55 Tudomány A környéken lagúna terült el, a lábnyomokból ítélve kétféle dinoszaurusz is végigsétált rajta. Az új év kezdetétől sok telefonon nem fut már a WhatsApp Player 2025-01-02 12:00:07 Mobiltech Telefon Android KitKat Az idei évtől több régi készüléken sem nem lesz használható a WhatsApp. Az alkalmazás január 1-én kapott egy olyan frissítést, amely után többé nem fog futni a 2013-ban rajtoló Android KitKat rendszeren. Minden vállalati területet elér a transzformáció 2025-ben ICT Global 2025-01-02 06:33:12 Infotech Trend A technológiai vezetők számára az iparágak különböző területein az újonnan megjelenő eszközökkel és trendekkel való naprakész ismerkedés a napi munka része. Az ő feladatuk, hogy felkészíteni a céget, szervezetet az új fejlesztésekre és szabályozásokra. Nincs többé Vodafone és Digi Magyarországon, One van helyettük refresher.hu 2025-01-02 13:14:00 Mobiltech Vodafone Digi Néhány infó, amit tudni érdemes a váltásról, illetve a Digi és a Vodafone közös utódjáról, a One-ról. Az LG piacra dobta a világ első átlátszó, vezeték nélküli OLED tévéjét Igényesférfi.hu 2025-01-02 09:04:28 Infotech USA Az LG Electronics világszerte megkezdi a 77 hüvelykes LG SIGNATURE OLED T, azaz a világ első átlátszó és vezeték nélküli 4K OLED tévéjének értékesítését. Az úttörő modell már megvásárolható az Egyesült Államokban, és hamarosan további piacokon is elérhető lesz. A mesterséges intelligencia elhozza a régi szövegek felfedezésének aranykorát Index 2025-01-02 13:47:00 Tudomány Mesterséges intelligencia Elszenesedett papiruszt, karcolt csontokat és több ezer éves agyagtáblákat fejt meg. A DÁP-ra épít a legnépszerűbb hazai e-health applikáció HWSW 2025-01-02 09:37:37 Infotech Legalábbis külsőleg. Az EgészségAblak új verziója átvette az IdomSoft által készített applikáció-dizájnt. Montenegró kiadta az USA-nak a TerraUSD-összeomlás kulcsfiguráját IT café 2025-01-02 13:06:00 Infotech USA Montenegró Montenegró kiadta az USA-nak a Terraform Labs korábbi vezérigazgatóját, Do Kwont. Putyin kiadta az ukázt: fejlődjön az AI együttműködés Kínával! Mínuszos 2025-01-02 09:33:50 Gazdaság Mesterséges intelligencia Vlagyimir Putyin Moszkva Kreml Vlagyimir Putyin utasította az orosz kormányt és az ország legnagyobb bankját, a Szberbankot, hogy építsenek ki együttműködést Kínával a mesterséges intelligencia (AI) területén. Putyin utasításait szerdán tették közzé a Kreml honlapján, három héttel azután, hogy bejelentette: Oroszország a BRICS-partnerekkel és más országokkal fog össze az AI fejl Oroszország szemeteli a legjobban a világűrt, de az USA hulladéka a legveszélyesebb Telex 2025-01-02 14:41:00 Tudomány USA Kína Világűr Hulladék Egy kínai cég kiszámolta, melyik ország hány űrszemétért felelős, és kié veszélyezteti a legjobban a többi objektumot. A Yamaha már megépítette a XXII. század járművét Vezess 2025-01-02 11:03:58 Autó-motor Mesterséges intelligencia Netflix Yamaha Egy Netflix-gyártású animesorozathoz készítette el futurisztikus motorkerékpárját a Yamaha. Az Y/AI nevében hordozza lényegét: a mesterséges intelligenciát. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.
Op 5 november mogen de Amerikanen naar de stembus en crypto lijkt een belangrijk onderwerp dit jaar. Dat blijkt ook uit een opiniestuk van Republikein Paul Ryan, dat recent verscheen in de Wall Street Journal. Hij schrijft dat stablecoins van de dollar kunnen dienen als wapen tegen China. Het klinkt in eerste instantie een beetje ver gezocht, maar zit er een kern van waarheid in zijn verhaal? Over dit nieuws spreken we met co-host Paul Buitink, Managing Director bij Holland Gold. Politicus Ryan is inmiddels actief voor het bedrijf Paradigm, een crypto-investeerder. Zou dat eigenlijk de reden zijn waarom hij crypto nu aanprijst? Hoe staan Republikeinen over het algemeen tegenover Bitcoin en crypto? Hebben zij een ander standpunt dan de Democraten? Verder is er nog een nieuwe ontwikkeling gaande in de wereld van de stablecoin. Er zijn inmiddels stablecoins op de markt die automatisch rente uitkeren aan de gebruiker. Grote namen zijn nu onder andere sUSDe en sDAI. Hoe betrouwbaar zijn deze projecten, zeker met de ondergang van TerraUSD nog in ons achterhoofd? De prijsanalyse wordt deze week niet door Bert Slagter gedaan maar door The Rational Root. Hij is oprichter van BitcoinStrategyPlatform.com en werkzaam bij BTCDirect. Verwacht hij dat de Bitcoin prijs nog lang zijwaarts gaat? Mochten we naar een nieuwe all time high gaan, aan welke BTC prijs denkt hij dan? Over de Ethereum ETFs gaan deze week veel geruchten rond. Kort voor het weekende werd SEC-voorzitter Gensler geciteerd in cryptomedia: de ETF's zouden ‘deze zomer' in de handel kunnen komen. Kort na het weekend sprak ETF-goeroe Eric Balchunas van Bloomberg op X uit dat het wel eens op 2 juli zo ver zou kunnen zijn. Hoe waarschijnlijk is het dat Eric Balchunas nu de juiste datum noemt? Wat betekent deze Ether ETF voor de Ethereum prijs? Geldt hier buy the rumor sell the news? Gasten Paul Buitink Links Stablecoins als wapen Ethereum ETFs 2 juli Host Herbert Blankesteijn Redactie Wouter HoesSee omnystudio.com/listener for privacy information.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. With crypto becoming more politicized than ever, US Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington DC. With crypto becoming more politicized than ever, U.S. Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington, D.C. She delves into what led to bipartisan support to repeal SAB 121, and how the strength of the vote there in both the House and Senate may have affected the about-face decision to approve spot ether ETFs. Sen. Lummis also explains why she disagrees with how Gary Gensler's SEC is handling the industry, how to avoid the next TerraUSD, why she feels Wyoming-chartered Custodia Bank is not being treated fairly, the ban on a Chinese-owned, Wyoming-based Bitcoin mining firm, and what advice she would give to the crypto industry during this election year. Show highlights: Why the SAB 121 approval was bipartisan Whether President Biden will veto the resolution How it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFs How the SEC's approach to regulating the industry "is not the American way" Whether there is a bipartisan majority in favor of crypto in Congress How bitcoin has come a long way in terms of adoption Sen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situation The differences between the Lummis-Gillibrand bill and FIT21 How Sen. Lummis feels about the denial of a master account for Custodia Bank Whether there's a move against Bitcoin mining companies in the US, given the recent ban of an operation in Wyoming What Sen. Lummis would advise for the industry to accomplish its goals Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot VaultCraft Guest Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress - Ep. 651, U.S. Senator from Wyoming Links Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Bits + Bips: Is US Politics Driving the ETH ETF Approval? Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21: Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Open cases: Fortune: SEC sued over Ethereum, crypto firm asks court to state token is not a security Unchained: Gary Gensler's Case Against Uniswap: Does the SEC Even Stand a Chance? SEC Puts DeFi in Its Sights With Potential Uniswap Suit Unchained: SEC Investigating Ethereum Foundation Regarding Proof-of-Stake Transition: Report The Real Reason Why the SEC Might Be Going After Ethereum Timestamps: (00:00) Introduction (02:53) Why the SAB 121 approval was bipartisan (04:52) Whether President Biden will veto the resolution (08:40) How it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFs (13:23) Why Senator Lummis believes there is a bipartisan majority in favor of crypto in Congress (20:19) Sen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situation (23:55) The differences between the Lummis-Gillibrand bill and FIT21 (28:59) How Sen. Lummis feels about the denial of a master account for Wyoming-special purpose depository institution Custodia Bank (30:20) What she thinks about the Biden administration's ban against a Wyoming-based, Chinese-owned Bitcoin mining company near a nuclear site (33:44) What Sen. Lummis would advise for the industry to accomplish its goals (35:04) Weekly Recap Learn more about your ad choices. Visit megaphone.fm/adchoices
Are we ushering in a new era of crypto legislation? U.S. Senator from Wyoming Cynthia Lummis definitely thinks so. Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform.With crypto becoming more politicized than ever, U.S. Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington, D.C.She delves into what led to bipartisan support to repeal SAB 121, and how the strength of the vote there in both the House and Senate may have affected the about-face decision to approve spot ether ETFs. Sen. Lummis also explains why she disagrees with how Gary Gensler's SEC is handling the industry, how to avoid the next TerraUSD, why she feels Wyoming-chartered Custodia Bank is not being treated fairly, the ban on a Chinese-owned, Wyoming-based Bitcoin mining firm, and what advice she would give to the crypto industry during this election year.Show highlights:Why the SAB 121 approval was bipartisan Whether President Biden will veto the resolution How it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFsHow the SEC's approach to regulating the industry "is not the American way"Whether there is a bipartisan majority in favor of crypto in CongressHow bitcoin has come a long way in terms of adoptionSen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situationThe differences between the Lummis-Gillibrand bill and FIT21How Sen. Lummis feels about the denial of a master account for Custodia BankWhether there's a move against Bitcoin mining companies in the US, given the recent ban of an operation in WyomingWhat Sen. Lummis would advise for the industry to accomplish its goalsVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!iTrustCapitalPolkadotVaultCraftGuest | Cynthia Lummis, U.S. Senator from WyomingLinks | Ether ETFsUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a SecurityBits + Bips: Is US Politics Driving the ETH ETF Approval?Why Spot Ether ETFs Are Now Likely to Be Approved on ThursdaySAB 121Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21:Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?Open cases:Fortune: SEC sued over Ethereum, crypto firm asks court to state token is not a securityUnchained: Gary Gensler's Case Against Uniswap: Does the SEC Even Stand a Chance?SEC Puts DeFi in Its Sights With Potential Uniswap SuitUnchained:SEC Investigating Ethereum Foundation Regarding Proof-of-Stake Transition: ReportThe Real Reason Why the SEC Might Be Going After EthereumUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Join us in this gripping episode as we dive into the dramatic collapse of TerraUSD and LUNA, orchestrated by Terraform Labs and its founder, Do Kwon. We explore the catalysts behind one of cryptocurrency's most catastrophic events, dissecting how an algorithmic stablecoin spiraled into a market meltdown. Join us as we discuss with financial experts and former Terra investors the broader implications of this crash on the trust and regulatory landscape of the crypto market. Gain insights into what this event means for future innovations and investor confidence in the volatile world of digital currencies. Tune in to understand how the Terra crash could reshape the cryptocurrency ecosystem. IF YOU ENJOY THIS PODCAST PLEASE CONSIDER SUPPORTING HERE: https://podcasters.spotify.com/pod/sh... DUBBY ENERGY DRINKS! https://www.dubby.gg/discount/POCKET10 PROMO CODE (10% OFF): POCKET10 #terracrash #cryptocollapse #pocketwatchpodcast #dokwon #cryptocontroversy #stablecoindrama #cryptoregulations #blockchainbreakdown #financialinsights #investorspeak --- Send in a voice message: https://podcasters.spotify.com/pod/show/pocketwatchpodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/pocketwatchpodcast/support
Plus: Energy companies were some of the week's biggest winners. Tesla stock sags. And a jury found the disgraced crypt ocurrency tycoon behind TerraUSD and Luna liable for securities fraud. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
This Day in Legal History: Libya Surrenders NationalsOn April 5, 1999, a pivotal moment in the annals of international law and aviation security unfolded as the Libyan government surrendered two of its nationals, Abdelbaset Ali Mohmed Al Megrahi and Al Amin Khalifa Fhimah, to British authorities. These individuals were implicated in one of the most devastating acts of terrorism in history—the bombing of Pan Am Flight 103 over Lockerbie, Scotland, on December 21, 1988. This tragedy not only claimed the lives of 270 people, including 11 on the ground but also marked a profound moment of grief and outrage across the globe.The surrender of the accused to the British government was a culmination of years of diplomatic negotiations and international sanctions against Libya, reflecting the persistent efforts of the victims' families and international community to seek justice. The trial, which began on May 3, 2000, at a special court in the Netherlands, was notable for being held under Scottish law—a unique legal arrangement that underscored the international dimensions of the case.The court proceedings were meticulous and exhaustive, drawing upon a wealth of evidence that included forensic analysis, witness testimonies, and the intricate tracing of the bomb's components. After extensive deliberations, the verdict was pronounced: Al Amin Khalifa Fhimah was acquitted and returned to Libya, a decision that stirred a mix of reactions worldwide. Conversely, Abdelbaset Ali Mohmed Al Megrahi was found guilty of murder and sentenced to life imprisonment, a conviction that would later be mired in controversy and calls for re-examination.Megrahi's conviction did not close the chapter on the Lockerbie bombing; it instead opened further debate and investigation, including questions about the evidence, the legitimacy of the trial, and the role of other potential co-conspirators. His release in 2009 on compassionate grounds, due to terminal cancer, sparked further international debate and diplomatic tensions.This day in legal history underscores the complexities of achieving justice in the wake of terrorism, the challenges of international cooperation in legal matters, and the enduring impact of the Lockerbie bombing on the fields of aviation security and international law.The Fifth Circuit Court of Appeals is at the center of controversies involving attempts to move high-profile cases out of its jurisdiction, potentially preventing the court from ruling on matters of national importance. This situation arises as questions are raised about the appropriateness of filing certain legal challenges, particularly against government actions, in Texas courts. The ongoing scrutiny aims to determine if these cases genuinely belong in the jurisdictions where they were filed, amidst concerns over "judge shopping"—the practice of selecting courts thought to be favorable to the case.The Fifth Circuit is deliberating on whether to block lower court decisions that would transfer cases involving the Consumer Financial Protection Bureau (CFPB) and Elon Musk's SpaceX to other federal courts. These moves are challenged under the premise that they could dilute the Fifth Circuit's ability to influence significant legal questions. Transfers are finalized once a case is docketed in the new jurisdiction, which then assumes authority, complicating any attempts to revert the transfer unless the new presiding judge consents.Appeals to prevent these transfers hinge on the high threshold for a writ of mandamus, a rare form of relief requiring clear evidence of a lower court's abuse of discretion. The scrutiny extends to the public perception of the Fifth Circuit's motivations, with some experts warning that aggressive efforts to retain cases could reflect poorly on the judiciary's impartiality.Historically, the Fifth Circuit has encountered issues with jurisdiction after cases were moved, as seen in a dispute involving a "ghost gun" company, highlighting the practical consequences of losing authority over transferred cases. The court's involvement in the SpaceX case, including a rare inquiry into the conduct of NLRB lawyers, further underscores the tension between maintaining jurisdiction and adhering to procedural norms.Judicial decisions on venue transfers, such as the recent ruling to move a lawsuit from Texas to Washington, D.C., reflect broader concerns about judge shopping and the integrity of case assignments. This ongoing saga emphasizes the complex interplay between legal strategy, jurisdictional authority, and the quest for a fair and appropriate venue for high-stakes litigation.Fifth Circuit Risks Losing Big Cases Amid Judge Shopping WorriesTerraform Labs and its co-founder Do Kwon are set to present their final arguments in a civil fraud trial, responding to charges from the U.S. Securities and Exchange Commission (SEC) that they deceived investors about the stability of their stablecoin, TerraUSD, and its underlying technology. The SEC's allegations include false claims about Terraform's blockchain being utilized in a popular Korean payment app, aiming to secure civil penalties and industry bans for Kwon and Terraform. Despite Kwon's absence from the trial due to his arrest in Montenegro on separate charges, Terraform's defense contends that the SEC's case relies on out-of-context statements and incentivized whistleblowers. The collapse of TerraUSD in May 2022, which the SEC attributes to manipulated market actions by Kwon and his company, resulted in a $40 billion investor loss and significant disruptions in the broader cryptocurrency market.Terraform Labs to make final pitch to jury as civil fraud trial wraps | ReutersA New York judge has scheduled a hearing for April 22 to scrutinize the $175 million bond posted by former U.S. President Donald Trump. This bond was a condition for pausing a $454 million fraud judgment against him while he appeals the decision. The New York Attorney General, Letitia James, raised questions about the sufficiency of the assets of Knight Specialty Insurance Company—the firm Trump used for the bond—prompting the need for proof that it can cover the bond if Trump's appeal fails. Trump's bond was facilitated by the insurance company owned by Don Hankey, a California businessman known for his dealings in subprime car loans. Faced with a "practical impossibility" of raising the full amount initially required for the bond, Trump's team secured Knight Specialty's services after an appeals court provided a lifeline by granting an extension and reducing the bond amount. Hankey, dubbed "the king of subprime car loans," has a reputation for lending to individuals with poor credit at high rates and aggressive debt collection practices. Despite his wealth, evidenced by his ranking on Forbes's lists, and his history of significant Republican donations and financial dealings with Trump-related properties through Axos Bank, concerns about the sufficiency of assets stem from the specialized, high-risk nature of his business ventures. Knight Specialty's involvement, driven by a blend of business decision-making and political support for Trump, underscores the complexities and potential risks of securing such a substantial bond, especially given the magnitude of Trump's legal and financial challenges.This development adds another layer to Trump's legal challenges, which include efforts to dismiss criminal charges in Georgia related to the 2020 election and classified records handling, as well as a New York criminal trial on hush money payments set to begin a week before the bond hearing. Trump, who faces four indictments amidst his presidential campaign, has pleaded not guilty in all criminal cases.The fraud judgment by Judge Arthur Engoron in February, which Trump is appealing, found him liable for significantly overstating his assets' value. Trump's legal team has dismissed concerns over the bond as baseless, while representatives from Knight Specialty Insurance have not commented on the matter. According to a court filing, Knight claims to have $539 million in assets, including $26.8 million in cash, as it faces scrutiny over its ability to support Trump's bond amidst his multifaceted legal battles.Trump's $175 million bond questioned by New York AG, hearing scheduled | ReutersNew York AG Questions if $175 Million Bond Insurer Can Save TrumpThat Guy Who Backed Trump's Bond? He May Not Have the MoneyHow did Trump pay his $175m fraud bond – and who helped him?This week's closing theme is by Robert Schumann.Robert Schumann stands as one of the quintessential figures in the Romantic era of classical music, renowned for his richly expressive compositions that spanned piano, chamber music, lieder (those are art songs), and orchestral works. Born in Zwickau, Saxony, in 1810, Schumann initially intended to pursue a career in law, following the wishes of his family–but we're all glad he didn't. His deep passion for music, coupled with a hand injury that thwarted his ambitions of becoming a virtuoso pianist, led him down the path of composition and music criticism. Schumann's compositions are celebrated for their emotional depth, innovative harmonies, and poetic inspirations, reflecting the complex inner world of an artist who struggled with mental health issues throughout his life.In 1841, a year marked by newfound confidence and creativity for Schumann, he composed his Symphony No. 1 in B-flat major, Op. 38, commonly known as the "Spring" Symphony. Inspired by the poem "Spring" by Adolf Böttger, the symphony bursts with the freshness, vitality, and optimism of the season. The work was Schumann's bold entry into the world of symphonic music, encouraged by his wife, the eminent pianist and composer Clara Wieck Schumann. It was completed in just four days in January, a testament to Schumann's intense creative fervor during this period.The "Spring" Symphony premiered on March 31, 1841, in Leipzig, conducted by Felix Mendelssohn, a close friend and champion of Schumann's music. The reception was overwhelmingly positive, with the symphony hailed as a vibrant and joyful ode to spring. Its success established Schumann's reputation as a master of the symphonic form, a remarkable feat for someone who had previously been known primarily for his piano works and songs.The opening movement, "Andante un poco maestoso – Allegro molto vivace," immediately sets the tone of awakening and renewal. It begins with a slow, majestic introduction that evokes the first stirrings of spring, before launching into the lively and exuberant main Allegro section. This movement is characterized by its rhythmic vitality and melodic inventiveness, featuring a recurring fanfare motif that Schumann described as the "call of awakening" for spring. The energy and optimism of the Allegro perfectly capture the essence of the season, making it a fitting introduction to a symphony that remains one of Schumann's most beloved works.Schumann's Symphony No. 1, with its vivid depiction of spring's arrival and rejuvenation, not only solidified his place among the great symphonists of the Romantic era but also offered a deeply personal reflection of the composer's own sense of renewal and hope. Through the "Spring" Symphony, and particularly its spirited Allegro, Schumann invites listeners to share in the joy and boundless possibilities of the season, making it a timeless piece that continues to enchant and inspire.Without further ado, Robert Schumann's Symphony no. 1 in B flat 'Spring', Op. 38, the fourth movement, the allegro. Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe
This Day in Legal History: Britain Outlaws the Slave TradeOn March 25, 1807, a pivotal moment in legal history occurred with the passage of a British bill that effectively abolished the transatlantic slave trade. This landmark legislation, known as the Abolition of the Slave Trade Act, marked a significant victory for the abolitionist movement, which had long campaigned against the inhumane practice of trafficking enslaved individuals. Spearheaded by figures such as William Wilberforce and Thomas Clarkson, the act reflected growing societal awareness of the moral and ethical implications of slavery. Despite resistance from vested interests and economic concerns, the abolitionist movement succeeded in securing the passage of this transformative law, which prohibited British subjects from participating in the buying or selling of enslaved people. The enactment of the Abolition Act not only set a precedent for international efforts to combat slavery but also fueled momentum for broader emancipation movements worldwide. However, it's crucial to note that while the act abolished the trade in slaves, it did not immediately abolish slavery itself within the British Empire. Nonetheless, this pivotal legislation laid the groundwork for subsequent legal reforms aimed at eradicating the institution of slavery altogether. The passage of the Abolition of the Slave Trade Act stands as a testament to the power of legal action in advancing social justice and human rights, leaving an indelible mark on legal history and shaping the trajectory of abolitionist movements for generations to come. However it also reflects the half-measures and overall slow pace of change in expanding human rights that plagued the 19th century in a way that resonates to this day. Donald Trump faces a pressing deadline, with just hours remaining to cover a staggering $454 million civil fraud judgment, or risk the seizure of some of his prime properties in New York. The judgment, issued by Justice Arthur Engoron on February 16, accuses Trump of manipulating his net worth and property values to deceive lenders and insurers. Despite Trump's vocal denials and claims of innocence, the judgment poses a significant threat to his public image as a successful businessman, particularly as he seeks to secure the presidency once more. The looming financial challenges extend beyond this case, with Trump's campaign fundraising lagging behind his political rival's. The potential seizure targets iconic Trump properties such as Trump Tower and 40 Wall Street, as well as assets in Westchester County, including a golf course and a sprawling estate. Trump's legal team faces hurdles in securing a bond to cover the judgment, with 30 surety companies reportedly rejecting their requests. Meanwhile, Trump's financial woes are compounded by other legal battles, including criminal charges and defamation lawsuits. Despite recent developments, such as investor approval for a $5.7 billion deal involving his Truth Social platform, uncertainties remain regarding Trump's ability to meet his financial obligations. The civil fraud case, along with other legal challenges, continues to strain Trump's finances and raise questions about his future prospects.Trump has hours to cover $454 million judgment or risk property seizure | ReutersIf Congress compels ByteDance Ltd. to sell TikTok Inc. under threat of a US ban, the social media giant is likely to invoke First Amendment arguments, mirroring successful defenses in Montana. This potential lawsuit would confront free speech concerns against federal authority to restrict a foreign-owned platform used by over 150 million Americans. TikTok, armed with strong legal arguments, asserts its right to operate a speech-hosting platform, with users similarly contending that a ban infringes on their expression rights. A recent federal court ruling in Montana, blocking a state ban on TikTok, underscores the First Amendment challenges such legislation faces. Despite bipartisan support in the House, the bill mandating divestiture faces Senate uncertainty. While President Biden is inclined to sign, TikTok intends to exhaust legal options before considering divestiture. The debate highlights the clash between national security concerns and free speech rights, with lawmakers emphasizing China's potential data access and influence through TikTok. However, First Amendment experts argue that even legitimate national security concerns must withstand free speech scrutiny. Past legal precedents, including cases involving foreign ownership and speech restrictions, inform the ongoing debate over TikTok's fate.TikTok Free Speech Rights Offer a Bulwark Against a Forced SaleTerraform Labs and its founder, Do Kwon, are embroiled in a legal battle in Manhattan, facing charges from the U.S. Securities and Exchange Commission (SEC) for allegedly deceiving investors prior to the 2022 collapse of two cryptocurrencies. The SEC accuses them of misrepresenting the stability of TerraUSD and making unfounded claims about the use of Terraform's blockchain in a mobile payment app in Korea. Kwon, who is the brain behind TerraUSD and Luna, is under arrest in Montenegro, pending extradition to South Korea, following the $40 billion debacle caused when TerraUSD lost its peg to the dollar. The SEC's lawsuit further alleges that Kwon and Terraform Labs manipulated TerraUSD's price through third-party purchases to falsely showcase the algorithm's effectiveness. Despite these serious allegations, Kwon and his company refute any misconduct, claiming their statements have been misinterpreted by the SEC. A partial victory for the SEC came in December when Judge Jed Rakoff ruled in its favor, albeit dismissing some charges related to security-based swaps. The determination of damages against Terraform, which declared bankruptcy in January, remains pending, with the potential to exceed the company's current assets.Terraform Labs' civil fraud trial set to begin in New York | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe
The entrepreneur behind the $40bn collapse of crypto token TerraUSD, Do Kwon could be extradited to the US or South Korea to answer fraud charges following a court ruling in Montenegro. He sparked an international manhunt after fleeing an investigation in his native country of South Korea, following the sudden collapse of the TerraUSD and its sister token, luna. He was caught as he tried to leave Podgorica airport on a Costa Rican passport and sentenced to four months in prison in Montenegro. Kwon is sought by both the US and South Korea on fraud charges. So with the fall of another Crypto heavyweight, what does this do to the industry and should customers be concerned?
When cryptocurrencies TerraUSD and Luna collapsed, it wiped out $40 billion from the crypto market and set off investigations into the tokens' founder that sparked an international manhunt. WSJ reporter Alexander Osipovich joins host Zoe Thomas to explain how he was eventually found. Plus, another former crypto boss Sam Bankman-Fried has been convicted of fraud, but that's not the end of the saga. WSJ reporter Caitlin Ostroff explains and you can hear more on the trial on The Journal podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices
After his TerraUSD cryptocurrency imploded, Do Kwon became one of the most wanted men in crypto. Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ's Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries. Further Reading: - Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud - Cutting-Edge Crypto Coins Tout Stability. Critics Call Them Dangerous. - Do Kwon's Crypto Empire Fell in a $40 Billion Crash. He's Got a New Coin For You. Further Listening: - The ‘Death Spiral' of a Stablecoin Learn more about your ad choices. Visit megaphone.fm/adchoices
This week we delve into the underlying mechanisms of terraUSD and how they incentivized experienced investors to drive the stablecoin into a death spiral."Crypto Crooks" is sponsored by Chainalysis.Do Kwon wasn't creating a new grift. His coin was history, repeated. Financial experts foretold the failure of Do Kwon's empire from the beginning – because they'd seen it all happen before, at the Bank of England no less. In our deep dive into terraUSD, we examine how the death spiral that ate the stablecoin alive was knit into the very fabric of the project. It was no accident, fluke or unexpected occurrence: It was inevitable. Next up, our season finale – and then, a bonus episode on the bombshell revelations of an SEC investment suit against Do Kwon, filed this February.Clip:Terraform Labs CEO on US Crypto Regulation: 'It's Not That Interesting' | Video | CoinDeskEpisode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week we delve into the underlying mechanisms of terraUSD and how they incentivized experienced investors to drive the stablecoin into a death spiral."Crypto Crooks" is sponsored by Chainalysis.Do Kwon wasn't creating a new grift. His coin was history, repeated. Financial experts foretold the failure of Do Kwon's empire from the beginning – because they'd seen it all happen before, at the Bank of England no less. In our deep dive into terraUSD, we examine how the death spiral that ate the stablecoin alive was knit into the very fabric of the project. It was no accident, fluke or unexpected occurrence: It was inevitable. Next up, our season finale – and then, a bonus episode on the bombshell revelations of an SEC investment suit against Do Kwon, filed this February.Clip:Terraform Labs CEO on US Crypto Regulation: 'It's Not That Interesting' | Video | CoinDeskEpisode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week we delve into terraUSD's winners, its losers and the rules of the whole twisted game."Crypto Crooks" is sponsored by Chainalysis.TerraUSD and its so-called “ecosystem” were always a game – one only some investors realized they were playing. As we fall deeper into the death spiral, we look at the retail investors who were indisputable victims of Do Kwon's scheme. Many of them lost life savings and even, ultimately, their lives, in the wave of suicides which followed the depeg. We also look at the more complicated role of financial professionals in propping up Do Kwon's empire, many of whom got out of the racket millions of dollars richer than when they'd gone in. After this, two more episodes to come – plus a bonus fifth on the bombshell revelations of a new SEC investment suit against Do Kwon and Terraform labs.Clips:Pomp & Mike Novogratz Bitcoin Fireside | Bitcoin 2022 ConferenceKyle Davies clip, found by Cas PianceyEpisode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week we delve into terraUSD's winners, its losers and the rules of the whole twisted game."Crypto Crooks" is sponsored by Chainalysis.TerraUSD and its so-called “ecosystem” were always a game – one only some investors realized they were playing. As we fall deeper into the death spiral, we look at the retail investors who were indisputable victims of Do Kwon's scheme. Many of them lost life savings and even, ultimately, their lives, in the wave of suicides which followed the depeg. We also look at the more complicated role of financial professionals in propping up Do Kwon's empire, many of whom got out of the racket millions of dollars richer than when they'd gone in. After this, two more episodes to come – plus a bonus fifth on the bombshell revelations of a new SEC investment suit against Do Kwon and Terraform labs.Clips:Pomp & Mike Novogratz Bitcoin Fireside | Bitcoin 2022 ConferenceKyle Davies clip, found by Cas PianceyEpisode transcripts are available at coindesk.com/podcasts/crypto-crooks. -Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, web3 companies, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and business intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Ponzi scheme is a classic high-stakes con game that can net a scammer a lot of money, but at considerable risk. We take a look at the Terraform Labs collapse of 2022 and learn what factors led to its downfall and why its co-founder is on the run.See omnystudio.com/listener for privacy information.
Why is the US government attacking stablecoins? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. New York officials just told a crypto company to stop listing one of the largest stablecoins, Binance's BUSD. And to make things even more interesting, the Securities and Exchange Commission is planning to sue the same company for violating securities laws. That's a lot to unpack, so let's start from the beginning. This crypto company, called Paxos, is letting its users buy BUSD on their platform. BUSD is a stablecoin, which means that 1 BUSD tries to be almost exactly 1 US Dollar at any given time. So far, this seems like a really solid idea – so why would governments object to this? It helps to understand that their actions are well-intended: They are trying to protect average consumers from falling into investment traps or taking risks they don't fully understand. The fact that they are starting with stablecoins is no coincidence: Those are not as stable as the name may suggest. We've covered all the problems in past episodes, but in summary, there are two main concerns: Either the issuer of the stablecoin does not have the money to back it all up – as may be the case with Tether, and even BUSD – or the technology may not be able to handle a run on the bank, which brought down TerraUSD for example. And now the government is starting to wake up, and its attacking the weakest link in the chain: The companies that let people buy and sell those stablecoins. Because the stablecoins themselves live on blockchains, which are by their very nature basically impossible to shut down. And if you've always wondered: If a stablecoin is following a currency like the US Dollar closely, could the entire world move to the US Dollar thanks to them? Stay tuned for tomorrow, where we'll talk about that. This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3. And if you do not want to miss tomorrow's episode - subscribe now - wherever you listen to your podcast. I hear you back here at 11am CET or 2am PST. --- Send in a voice message: https://podcasters.spotify.com/pod/show/cryptohunt/message
Welcome to “Crypto Crooks” Season 2: ”Lunacy: The Rise and Fall of Do Kwon.""Crypto Crooks" is sponsored by Chainalysis.Crypto's biggest names thought Do Kwon and his algorithmic stablecoin would take them to the promised land. But then terraUSD slipped from its dollar peg by just one cent. Everything unraveled. $60 billion, vaporized. Life savings, obliterated. A wave of suicides across the globe. And that was just the beginning.You know the name. You know the memes. But do you know the real story? Welcome to “Crypto Crooks” Season 2: ”Lunacy: The Rise and Fall of Do Kwon”, launching Tuesday, Feb. 28 at 5 a.m. ET. Follow and subscribe to “Crypto Crooks” wherever you listen to podcasts.-Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to “Crypto Crooks” Season 2: ”Lunacy: The Rise and Fall of Do Kwon.""Crypto Crooks" is sponsored by Chainalysis.Crypto's biggest names thought Do Kwon and his algorithmic stablecoin would take them to the promised land. But then terraUSD slipped from its dollar peg by just one cent. Everything unraveled. $60 billion, vaporized. Life savings, obliterated. A wave of suicides across the globe. And that was just the beginning.You know the name. You know the memes. But do you know the real story? Welcome to “Crypto Crooks” Season 2: ”Lunacy: The Rise and Fall of Do Kwon”, launching Tuesday, Feb. 28 at 5 a.m. ET. Follow and subscribe to “Crypto Crooks” wherever you listen to podcasts.-Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
While the crypto market may seem chaotic to the outside observer, game theory can be used to analyze the underlying dynamics that lead to volatile price action. Jordi Alexander, Founder & CIO of Selini Capital, has a track record for utilizing game theory to predict crypto market events — including the collapse of the TerraUSD 'stablecoin' last year. In this episode of The Scoop, Alexander unpacks how individual cryptocurrencies derive their value, and explains how game theory can be used to demystify crypto market behavior. According to Alexander, the value of cryptocurrencies comes largely from their potential for some future utility: “A lot of these tokens, including the big ones, including Bitcoin and Ethereum, they're options, and you have to understand what gives an option value . . . Ethereum is an option on all the future apps that can be built and use that platform . . . Bitcoin is a call option on it being an alternative to the fiat financial system.” In addition to economic predictions, game theory can also be applied to crypto in a geopolitical context when it comes to regulation. As Alexander explains, the United States unilaterally banning crypto would do little to stop the growth of the industry: "If they ban [crypto] over here, game theory stipulates that there's going to be so much demand that will get satisfied by another country providing it that maybe it's actually not good for the United States to ban and assume that this is going to go away because it's not going to stop crypto from developing — it'll just drive it to somewhere else." This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPN About Circle Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more. About Railgun RAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN's Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more. About Flare Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high integrity data from other blockchains and the internet, Flare enables new use cases and monetisation models. Build better and connect everything at Flare.Network About NordVPN NordVPN is essential for keeping crypto transactions secure, hiding your IP address and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop
A U.S. bankruptcy judge has authorized the return of funds to some users of bankrupt crypto lender Celsius Network - but there are big caveats. At the top of this Real Vision Crypto Daily Briefing, Jeremy Varlow and Ash Bennington analyze who would be getting their money back and how much. They also discuss a couple of stories around the chairman of the U.S. Securities and Exchange Commission Gary Gensler, and a New York Times report about an investigation probing allegations of a potential market manipulation of TerraUSD and Luna by former FTX CEO Sam Bankman-Fried. Plus, Jeremy and Ash are joined by Sergey Nazarov, co-founder of Chainlink, to discuss one of the most pressing issues in crypto right now: proof of reserves and how to do them right. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The crypto industry is in trouble — just look at the drama surrounding the collapse of the FTX crypto exchange, which is looking worse every day. Add to that the huge drop in value of cryptocurrencies like bitcoin and the crash of stablecoin TerraUSD earlier this year. And now regulators and investors are wondering about the next shoe to drop. Marketplace’s Kimberly Adams spoke with Hilary Allen, a law professor at American University's Washington College of Law, about what’s next for the crypto sector. And Allen is not exactly optimistic about crypto’s future.
The crypto industry is in trouble — just look at the drama surrounding the collapse of the FTX crypto exchange, which is looking worse every day. Add to that the huge drop in value of cryptocurrencies like bitcoin and the crash of stablecoin TerraUSD earlier this year. And now regulators and investors are wondering about the next shoe to drop. Marketplace’s Kimberly Adams spoke with Hilary Allen, a law professor at American University's Washington College of Law, about what’s next for the crypto sector. And Allen is not exactly optimistic about crypto’s future.
Leaders converging at the U.N. urged for more financing for pandemic recovery and climate change response; 90% of Puerto Rico remains without power; cryptocurrency executive, investigated for collapse of Luna, TerraUSD, is an international fugitive To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
WE ARE BACK! Were you wondering about everything that happened in the collapse of TerraUSD, the algorithmic stablecoin that got algonniahilated? And how exactly did one project's failure create such a cascading shitstorm of Defi defaulting? Cory Klippsten, CEO of SwanBitcoin, and outspoken critic who warned everyone of these projects long before they collapsed, breaks down what he saw in these [rojects and companies that brought them to their inevitable conclusion. Dont miss the return, of Shitcoin Insider! Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices
We're doing a special episode on cryptocurrency this week and covering what occurred in May of 2022 when the world watched as one of the biggest projects imploded. Once valued at $400 billion, the project was known as TerraUST, a stablecoin that was going to transform the crypto market and the way that traditional payments would be made in the future. Instead, investors watched as its market value dropped by almost 99% within 24 hours. What led to this death spiral and more importantly, what does the future hold for crypto investors? Our special guest Omid Malekan, Adjunct Professor at Columbia Business School, will break down the story in Episode 50 of The Great Fail. Terra Sources How a Trash-Talking Crypto Founder Caused a $40 Billion Crash Terra Was Too Big to Fail, and It Failed: Bloomberg Crypto TerraUSD's collapse will take down every other algorithmic stablecoin, crypto analysts say TerraUSD ‘stablecoin' delisted from crypto exchanges How $60 Billion in Terra Coins Went Up in Algorithmic Smoke The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion) The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra's Fall Luna Crypto Crash: What Happened To Terra Luna? Who is Do Kwon, the ‘lunatic' who created a $60 billion cryptocurrency that collapsed in days? Crypto investors contemplate SUICIDE and hide from friends seeking revenge for losing their life savings as currency crashes to zero Terra LUNA Investors Lose Everything In 98 Percent Plunge, Suicide Hotline Posted At Top Of Forum All Those Celebrities Pushing Crypto Are Not So Vocal Now See acast.com/privacy for privacy and opt-out information.
Algorithmic stablecoin TerraUSD was supposed to maintain its value at $1 with the help of its sister-crypto, Luna. But TerraUSD's price collapsed to pennies in May, while Luna plunged by more than 99%, wiping out around $40 billion in value. Their creator Do Kwon has been attempting a comeback by relaunching Luna. WSJ markets reporter Alexander Osipovich joins host Julie Chang to explain the collapse of Do Kwon's crypto empire and what his second try looks like. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. Stablecoins are supposed to have stable value tied to the U.S. dollar, which is why crypto traders use them to move money around this volatile market. But when terraUSD crashed, it wasn’t just traders who were hurt. Thousands of small investors were caught up in the meltdown, including people who put their money in Stablegains — a now-defunct crypto savings account company that promised returns of up to 15%. Marketplace’s Matt Levin recently spoke to some of those people. He told Meghan McCarty Carino they’re not the typical crypto investors you might think of and explained why they put their money into crypto in the first place. Your donation powers the journalism you rely on. Give today to support “Marketplace Tech.”
Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. Stablecoins are supposed to have stable value tied to the U.S. dollar, which is why crypto traders use them to move money around this volatile market. But when terraUSD crashed, it wasn’t just traders who were hurt. Thousands of small investors were caught up in the meltdown, including people who put their money in Stablegains — a now-defunct crypto savings account company that promised returns of up to 15%. Marketplace’s Matt Levin recently spoke to some of those people. He told Meghan McCarty Carino they’re not the typical crypto investors you might think of and explained why they put their money into crypto in the first place. Your donation powers the journalism you rely on. Give today to support “Marketplace Tech.”
At least that's the lesson that Paul Rosenzweig and I distill from the recent 11th Circuit decision mostly striking down Florida's law regulating social media platforms' content “moderation” rules. We disagree flamboyantly on pretty much everything else—including whether the court will intervene before judgment in a pending 5th Circuit case where the appeals court stayed a district court's injunction and allowed Texas's similar law to remain in effect. When it comes to content moderation, Silicon Valley is a lot tougher on the Libs of TikTok than the Chinese Communist Party (CCP). Instagram just suspended the Libs of Tiktok account, I report, while a recent Brookings study shows that the Chinese government's narratives are polluting Google and Bing search results on a regular basis. Google News and YouTube do the worst job of keeping the party line out of searches. Both Google News and YouTube return CCP-influenced links on the first page about a quarter of the time. I ask Sultan Meghji to shed some light on the remarkable TerraUSD cryptocurrency crash. Which leads us, not surprisingly, from massive investor losses to whether financial regulators have jurisdiction over cryptocurrency. The short answer: Whether they have jurisdiction or not, all the incentives favor an assertion of jurisdiction. Nick Weaver is with us in spirit as we flag his rip-roaring attack on the whole fiel—a don't-miss interview for readers who can't get enough of Nick. It's a big episode for artificial intelligence (AI) news too. Matthew Heiman contrasts the different approaches to AI regulation in three big jurisdictions. China's is pretty focused, Europe's is ambitious and all-pervading, and the United States isn't ready to do anything. Paul thinks DuckDuckGo should be DuckDuckGone after the search engine allowed Microsoft trackers to follow users of its browser. Sultan and I explore ways of biasing AI algorithms. It turns out that saving money on datasets makes the algorithm especially sensitive to the order in which the data is presented. Debiasing with synthetic data has its own risks, Sultan avers. But if you're looking for good news, here's some: Self-driving car companies who are late to the party are likely to catch up fast, because they can build on a lot of data that's already been collected as well as new training techniques. Matthew breaks down the $150 million fine paid by Twitter for allowing ad targeting of the phone numbers its users supplied for two-factor authentication (2FA) security purposes. Finally, in quick hits: Matthew recommends that we all get popcorn for: Spain's planned investigation of its intelligence services following a phone hacking scandal. Sultan and I call time of death for the Klobuchar bill regulating Silicon Valley self-preferencing. It was the most likely of all the Silicon Valley competition bills to pass, but election year tensions and massive lobbying campaigns by industry have made its path to enactment too steep. And Sultan notes that the Commerce Department has published with relatively little change its rule restricting exports of hacking tools. Download the 409th Episode (mp3) You can subscribe to The Cyberlaw Podcast using iTunes, Google Play, Spotify, Pocket Casts, or our RSS feed. As always, The Cyberlaw Podcast is open to feedback. Be sure to engage with @stewartbaker on Twitter. Send your questions, comments, and suggestions for topics or interviewees to CyberlawPodcast@steptoe.com. Remember: If your suggested guest appears on the show, we will send you a highly coveted Cyberlaw Podcast mug! The views expressed in this podcast are those of the speakers and do not reflect the opinions of their institutions, clients, friends, families or pets.
Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is up slightly at $31,736 Ethereum is up slightly at $1976 and Binance Coin is up slightly at $320 Cardano up 25% Axie infinity up 25% Aave up 17% Singapore's MAS announces plans to research use cases for DeFi on public blockchains. Terra's Mirror Protocol suffered a 90M exploit Korean prosecutors launch official investigation of TerraUSD. B2B buy now pay later solution Mondu has raised 43M
Doogles is excited about the optimism that Jason Zweig brings in a recent Wall Street Journal article, and then Skippy rains on his parade. Skippy recaps some analysis on a YOLO portfolio that bought money losers at the end of 1999. Doogles is upset about people calling TerraUSD a blue chip investment. Skippy is angry about the mismanagement of Peloton. The episode wraps discussing how SPACs are completely falling apart, and Michael Moritz's take on the tech rout. Join the https://skippydoogles.supercast.com/ (Skippy and Doogles fan club). You can also get more details about the show at http://skippydoogles.com/ (skippydoogles.com), show notes on https://skippydoogles.substack.com/ (our Substack), and send comments or questions to skippydoogles@gmail.com.
In this episode Nicole will be covering: The TerraUSD Stablecoin collapse, a new fintech company fractionalizing investing in rare diamonds, Meta's second attempt to launch a digital currency
Billions of dollars of value has been wiped off the cryptocurrency market in the last few weeks driven by a sell-off in stocks and the collapse of algorithmic stablecoin terraUSD and its related token luna. CNBC's Frank Holland covers every angle of crypto; from companies holding billions on their balance sheets to individuals investing in their retirement account.
On the final episode of our Web3 season, we take a look at TerraUSD, its counterpart Luna, and its found Do Kwan. Plus, we discuss the risks associated with ventures in the Web3 space. *** This episode is brought to you by: AMS: Visit ams-insights.com/rocketshipfm to start accelerating innovation in your business. Carnegie Mellon MIIPS Program: Learn more about how your ideas could change the world at https://www.cmu.edu/iii/degrees/miips Produx Labs: New students can use the code ROCKET at checkout to enroll in Product Institute Foundations for just $999. That's a $200 savings! Magic Mind: Go to MagicMind.co/ROCKETSHIP and use code ROCKET for 20% off your first order Compiler: Listen to Compiler in your favorite podcast player. Justworks: Find out how Justworks can help your business by going to justworks.com *** This show is a part of the Podglomerate network, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter for more information about our shows, launches, and events. For more information on how The Podglomerate treats data, please see our Privacy Policy. Since you're listening to Rocketship, we'd like to suggest you also try other Podglomerate shows surrounding entrepreneurship, business, and careers like Creative Elements and Freelance to Founder. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week we talk about TerraUSD, Luna, and stablecoins.We also discuss tech stocks, Basis, and uncertainty.Show notes / transcript: https://letsknowthings.com/episode313 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe
This week we talk about TerraUSD, Luna, and stablecoins. We also discuss tech stocks, Basis, and uncertainty. Support the show: patreon.com/letsknowthings & letsknowthings.com/support Show notes/transcript: letsknowthings.com Check out my other shows & publications: understandary.com
We've never seen a fall from grace quite like LUNA, whose price now sits below a fraction of a penny. In this video, I take a look at the Terra LUNA crash and TerraUSD's downfall. I'll break down what led to the Terra crash and who could be behind it. I'll explain the rise of Terra founder Do Kwon and how Terra and its UST stablecoin were built. Then I'll get into the gritty details of the collapse of everything in Terra's ecosystem. Stay tuned for the latest Terra LUNA theories and the hard evidence.
"Several exchanges in the industry fuel bubbles for a quick buck as well. If something starts to get momentum, including meme coins like DOGE or SHIB that don't realistically have a substantial future, they promote those coins to their users, which can suck retail investors into buying the bubble top. Plus, a lot of Youtube and TikTok influencers pump small coins, and use their audience as exit liquidity." - Lyn Alden For those of you who may be unaware, there was a recent blow up of a deca-billion dollar LUNA and TerraUSD algorithmic stablecoin. Essentially the entire market capitalization of UST and LUNA vanished in a matter of hours in a spectacular economic death spiral. How did this happen and what was the source of such an incredible risk of what had recently become one of the most promising "crypto" projects in recent months? Find out in Lyn Alden's Post-Mortem of the Crypto Crash. Check out the original plus Lyn's other amazing work on her blog: https://www.lynalden.com/digital-alchemy/ Another great piece from Lyn if you want to get ahead of the show: https://www.lynalden.com/what-is-money/ For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space: • Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE. • Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy) • Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off. Learn more about your ad choices. Visit megaphone.fm/adchoices
Cryptocurrencies are volatile, but so-called stablecoins were meant to be the exception. But after one major stablecoin, TerraUSD, crashed spectacularly, it caused ripple effects in cryptoland. WSJ's Caitlin Ostroff explains why regulators are spooked, and what this could mean for the broader economy. Further Reading: Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank. Cryptocurrency TerraUSD Falls to 11 Cents, Creator Announces Rescue Plan Further Listening: Bitcoin Comes Untethered Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is down .5% at $30,290 Ethereum is down slightly at $2079 and Binance Coin is down slightly at $305 Revolut's Nik Stronsky launches QuantumLight — an AI led VC fund. Politicians in south Korea call for Do Kwon to attend a hearing related to TerraUSD's collapse. The Cambridge Centre for Alternative Finance says China still #2 in mining power. Spotify trials NFTs on platform
Every Monday Kevin Matthews II from Building Bread and I talk about what is happening on Wall Street! Carvana, blaming a "recession" in auto sales, said it is cutting 2,500 jobs and informed some workers of the layoffs via Zoom Upstart stock dropped after management cut full-year guidance and spoke cautiously about the macroeconomic environment. Luna the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0.
0:00 SHORTCIRCUIT INVASION 0:13 Nvidia's "Open Source" Linux drivers 1:29 Texas HB 20 social media law 2:34 TerraUSD crypto crash continues 3:38 Xplit 4:18 SHORT CIRCUITS 4:28 FSR 2.0 launches in Deathloop 5:07 USB-C iPhone in 2023 5:43 GPU game bundles 6:23 Starfield, Redfall delayed 6:45 Project Cambria demo News Sources: https://lmg.gg/G1X7Z
TerraUSD, a stablecoin that is supposed to be pegged to the US dollar, crashed this week. CNBC explains what that shows about the vulnerabilities of cryptocurrencies. And CNN says the panic over digital assets has gotten Washington’s attention. We spoke to Tina Brown about her new book’s inside look at the British royal family. Read the Vanity Fair excerpt. True-crime stories are everywhere these days. How does it feel for people to see their tragic family histories turned into entertainment? BuzzFeed News looked into this. Wired reports on how researchers have grown plants in dirt from the moon for the first time.
The collapsing values in cryptocurrencies and their exchanges are reminiscent of when the dot.com bubble burst more than 20 years ago. Back then, most of those speculative stocks were listed on the Nasdaq. When the bubble burst, the Nasdaq index plummeted almost 80%. Steve Forbes examines whether the crypto world is in for a similar shellacking.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.
รับชมทาง YouTube รู้หรือไม่? Stablecoin ที่ถูกตรึงมูลค่าไว้ที่ 1 ดอลลาร์ ก็มีปรากฏการณ์ ‘รถไฟเหาะ' ได้เหมือนกันนะ! กลายเป็นเรื่องปวดใจซ้ำซ้อนของชาวคริปโตเคอร์เรนซี หลังจากที่ต้องเผชิญภาวะแดงเถือกทั้งกระดาน ซ้ำร้ายด้วยข่าว TerraUSD หรือที่เรียกว่า UST เหรียญ Stablecoin ประจำ Terra Chain ที่ควรจะมีมูลค่าเท่ากับ 1 ดอลลาร์ กลับดิ่งลึกสุดใจไปหยุดที่ 0.3 ดอลลาร์ในวันที่ 11 พฤษภาคม และยังไม่รู้ว่าในอนาคตจะเป็นอย่างไรต่อไป บ้างบอกว่านี่คือแผนโจมตีของวาฬยักษ์ใหญ่ บ้างบอกว่านี่เป็นแผน Short เพื่อทำกำไรขาลง คำถามก็คือหลังจากนี้สถานการณ์จะเปลี่ยนไปเป็นแบบไหน เหตุการณ์ทั้งหมดมีที่มาที่ไปอย่างไร เริ่มทำความเข้าใจตั้งแต่เรื่องพื้นฐาน ตลอดจนแนวโน้มที่จะเกิดขึ้นในอนาคตได้ใน Cracking Crypto เอพิโสดนี้
The consumer price index for April came in at 0.3% on a month-over-month basis and 8.3% year over year, exceeding estimates on both measures and establishing once again that inflation is going to stick around at elevated levels for the foreseeable future. After opening to the upside, the major U.S. equity indexes surrendered gains and slid into the close. The yield on the 10-year U.S. Treasury note crossed above 3% early in the day before settling at 2.91%. Investors continue to grapple with the prospect of the Federal Reserve aggressively hiking borrowing costs into what looks more and more like a slowing global economy. Existing supply-chain constraints will only be exacerbated by lockdowns in China, and the U.S. consumer can only carry things so far. Darius Dale, founder and CEO of 42 Macro, joins Real Vision's Maggie Lake for today's Daily Briefing to discuss how markets are digesting changes in central bank policy and where this re-pricing may take us. Real Vision Crypto Editor Ash Bennington drops in to shed some light on TerraUSD losing its peg to the U.S. dollar, and we hear from Gene Munster about tech bright prospects in 2023. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3L3sSC8 Watch the full interview with Gene Munster and Raoul Pal here: https://rvtv.io/3l2GgeZ Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin fell to its lowest in 16 months today, leading a rush out of risk assets, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets. Bitcoin, the world's largest cryptocurrency, has lost a third of its value in the last eight sessions. Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but the stock fell today after the company warned it's still seeing the impact of Covid on its theme parks in Asia. Puck's Matthew Belloni and Tom Rogers, Engine Media executive chairman and founder of CNBC, react to Disney's latest quarterly earnings report and the streaming wars. CNBC's Robert Frank reports how several corporate insiders and executives managed to avoid the tech wreck with big payouts. WeWork's first-quarter loss narrowed sharply as gross desk sales reached pre pandemic levels with the gradual return of employees in the U.S. to in-person work. Plus, Beyond Meat shares tumbled after it's jerky launch leads to wider-than-expected losses.In this episode:Matthew Belloni, @MattBelloniRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickZach Vallese, @zachvallese