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Reportedly, the company has laundered $4.8 million through a South Korean shell company in an elaborate scheme involving a “blockchain consulting firm K” based in Seoul, according to a report by South Korean publication KBS News on May 30. A former developer at Terraform Labs told the magazine that their past employer had ties with the “Company K”, which was run “under a borrowed name by Terra”. As per the office staff, the workspace was also titled “Terra” in the building’s floor plan but has been removed in the meantime....

In a series of tweets, stated that he has no intentions of returning into the crypto space while maintaining that the sector is controlled by “a powerful cartel of wealthy figures.” According to palmer, billionaires are lauded when they manipulate the market. On the other hand, he singled out the treatment of average investors who are blamed for instances such as lost passwords or when they fall victims to scams....

Twitter is on pace to negotiate an agreement with Elon Musk as soon as today, according to Bloomberg sources familiar with the matter on April 25. A direct consequence of this, the price of the dog meme cryptocurrency has skyrocketed, rising from $0.1248 to a high of $0.1374 in less than an hour, and from $16.56 billion to $18.64 billion in an hour, according to CoinMarketCap data. Currently, Dogecoin is trading at $0....

As it happens, Billy Markus, known on Twitter as Shibetoshi Nakamoto, admitted to selling “a bunch” of his Ethereum holdings at a low price of $1,190 so that he could try and gather enough money to pay his taxes for 2022, according to the tweet he posted on January 12. Tax tribulations over selling NFTs Further explaining his situation, Markus said that it was the result of selling non-fungible tokens (NFTs) and that “you always owe taxes if you do commerce in crypto....

Musk sent an exclusive email to CNBC after being approached about recent rumors that President Biden and other officials inside the White House had no immediate plans to invite Musk to prospective forthcoming meetings with business executives. The Tesla CEO, who also runs space exploration company SpaceX, said there is no “feud” between him and the President but that “Biden has pointedly ignored Tesla at every turn.” He added:...

Julian Knight, the chair of the DCMS cross-party parliamentary committee, disclosed an invitation letter made to Elon Musk, the CEO of Tesla (NASDAQ: TSLA) and SpaceX, on May 3. The chair continued: On Friday, April 29, the letter was sent to Musk’s Tesla headquarters in Palo Alto. After attending the Met Gala in New York on May 2, the CEO has not yet indicated if he would attend a DCMS committee meeting, either online or in person....

Moreover, ETH’s market share of trade volume achieved 50% parity with Bitcoin’s for the first time in 2022, as published by Kaiko on August 1. While its market value of around $210 billion is still half the size of the world’s biggest cryptocurrency. As Kaiko reported, ETH outperformed Bitcoin in July due to strong inflows in spot and derivative markets. This spike has been noted across most exchanges possibly indicating a return of investors....

As things stand, Ethereum continues to hold its own among the DeFi sector in terms of total value locked (TVL), with 57% of the total sector worth $31.14 billion. Tron (TRX) follows in second place at 10.39% and $5.59 billion meanwhile, BNB Smart Chain (BSC) ranks third at $5.38 billion with 10.01% of the total worth, according to data retrieved by Finbold from Defi Llama on October 12. It’s also worth mentioning that Ethereum leads the number of protocols with 576 followed by BSC with 482, while third is Polygon (MATIC) with 319, interestingly, TRON ranks tenth out of the top 10 with ten protocols....

In particular, as of August 1, the open interest of Deribit Ethereum options valued at $5.6 billion exceeded the open interest of Bitcoin options valued at $4.3 billion on all exchanges, data by crypto analysis platform Glassnode indicates. By press time, Ethereum options are dominated by call options, with a Put and Call ratio at 0.26. Data indicates that the call options period is concentrated on September 30 and December 30, at 1....

Interestingly, Nio (NYSE: NIO), a Chinese electric vehicle manufacturer, has followed competitor Tesla (NASDAQ: TSLA) into the realm of cryptocurrencies by giving NFTs to its workers. The company has been experimenting with new approaches to maintaining ties with its car owners, and it seems to be doing the same with its internal workforce management, according to a report by cnEVPost, citing information shared by Ma Lin, Nio’s senior director of corporate communications....

To understand what ‘The Merge’ really means, it is first important to know that Ethereum, like some other blockchains, including Bitcoin (BTC), currently runs on a Proof-of-Work (PoW) consensus. PoW is the older of the two major consensus mechanisms powering today’s cryptocurrencies, while PoS is the newer one. Many argue that it is also the better of the two. Namely, the PoW has come under heavy criticism in recent years, primarily due to environmental, scalability, and security concerns....

The plant operated by Lumos Digital Mining provides about five megawatts of electricity for the activity in a bid to curb Bitcoin’s carbon footprint, ABC News Australia reported on September 16. Angelo Kondylas, an official from Lumos Digital Mining, stated that the center has the potential to mine at least 100 Bitcoins in a year, but the amount depends on power availability. He noted that the company might, at some point, draw power from the main grid if there is a need for ramping up production....

Speaking to Kitco News, Ron said people should have the freedom to choose their preferred form of money, but he acknowledged that the idea is unlikely to be realized. The former congressman notes that one of the government’s fears is witnessing bitcoin replace the dollar. However, he believes the Dollar will stay but will potentially drop in value. He added that the government would likely introduce more laws to retain the Dollar’s status while limiting the use of cryptocurrencies in regular transactions....

As it happens, Coffeezilla, a YouTuber who investigates online scams, published a video on April 27, 2022, in which he drew attention to Sam Bankman-Fried’s (SBF) controversial remarks during his interview with Bloomberg financial columnist Matt Levine and the Odd Lots podcast. ‘A box’ that does nothing During the interview, SBF tried to describe what yield farming is but ended up accidentally describing a Ponzi scheme that starts “with a company that builds a box....

Speaking to CNBC, Harrison noted that the crypto market is recording a significant interest from investors. At the same, he said that investors are focusing more on other assets like altcoins and Ethereum, in return lowering the Bitcoin dominance. According to the president, despite the volatility experienced in recent weeks, the future of cryptocurrencies remains bullish. However, he acknowledged that the market also faces some anxiety mainly due to geopolitical factors....

Ukrainian stockpiles of grain are now difficult to get to buyers providing a sneak peek into the turmoil wrought on the $120 billion grain trade caused by the war. Supply-chain bottlenecks, rising freight rates, and also weather are increasing complications with global food deliveries. Countries fearing potential food shortages are scrambling to find alternative suppliers and trade routes. Shipping stocks are the ones that could seemingly benefit from the newfound confusion....

Germany performing below expectation Germany is one of the countries worst hit by the COVID-19 outbreak. Although it has started to recover after months of lockdown, the performance is less than analysts expected, Bloomberg reports. Output has only risen 7.8% in the automotive industry, less than +11.1% expected. Industrial production also probably fell by more than 16% in Q2 of 2020 which may have directly impacted the GDP negatively. The production is still insufficient to meet the demands and there is a gap and room for growth....

The amount given to shareholders per share of the company stock will be $0.09, compared to the last one paid out in 2020 of $0.38, a reduction of 76% the firm announced on August 19. Furthermore, the company confirmed that it would resume opportunistic share repurchases, or share buybacks, increasing the repurchase program to $5 billion, from the previously announced $3.3 billion. GM Chair and CEO, Mary Barra, said: At the time of writing, the stock is up 1....

The Hague, Netherlands-based NN Investment Partners dates back almost 175 years and employs more than 900 individuals in 15 countries. It has about $355 billion in assets under the supervision and approximately $70 billion in assets under advice. In a press release published on August 19, Goldman Sachs said that employees of NN Investment Partners will join its own once the transaction is completed. Netherlands becoming a significant location for Goldman Sachs’ European business Goldman Sachs’ acquisition of the Dutch firm comes as The Netherlands becomes a significant location for the New York-based investment bank’s European business....

The surprise Just after the initial meeting Chairman Jerome Powel indicated that The Federal Reserve is planning to cut economic support faster by tapering bond purchases and possibly raising interest rates in 2022, more than what was expected before the meeting. The Fed minutes (Minutes of the Federal Open Market Committee or FOMC) released on January 5 revealed not only the details made public in the initial Fed statement on December 15, but also significant discussions regarding reduction in Fed bond holdings in the coming months that were not disclosed previously....