Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud.
Crypto founder Do Kwon sentenced to 15 years in prison over $40 billion collapse
Kwon, who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, pleaded guilty and admitted misleading investors.
Analyst downgrades crypto’s most subscribed IPO as stock sinks
Circle Internet Group (NYSE: CRCL) went public on June 5 on the New York Stock Exchange in what became crypto’s most oversubscribed IPO in decades.
Harnessing AI, Japanese Startups Are Unlocking Enterprise Data
Business conversations and manufacturing data are just two examples of how Japanese startups are using DX and AI for innovative new applications. It’s all part of how Japan is reinventing itself for a ... ( read original story ...)
Crypto Entrepreneur Do Kwon Gets 15-Year Prison Sentence
The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.
Crypto speculation at 2024 lows as TradFi leveraged ETFs hit record $239B
Memecoin dominance is at a 2024 low amid low crypto investor risk appetite, while speculative appetite in traditional finance is bolstering leveraged ETFs to new all-time highs of $239 billion.
Japan, Central Asia to partner on AI mining tech at maiden summit
TOKYO -- Japan will soon establish a framework with Central Asian countries where Japanese artificial intelligence technology will help develop the region's mining sector, Nikkei has learned, as Tokyo ...
Japan central bank may raise key interest rates first time since January to highest level in 30 years. Check factors that are driving Bank of Japan’s likely big bold step
Central banks use the neutral rate as a benchmark in setting policy. But it is not directly observable and hard to estimate as factors affecting it, like productivity, change over time.
Kalshi Challenges Polymarket’s Crypto Connections, Launching Tokenized Event Trading Via Phantom Wallet
As Kalshi’s trading volume surpasses Polymarket’s, it will now offer prediction market access to Phantom’s 15 million users on Solana.
Crypto tax notices: File revised return before assessment, update later
A revised return can be filed before assessment or notice, while an updated return may be filed thereafter. “Once proceedings like search or survey begin, an updated return may not be allowed, and specialised tax or legal advice becomes essential,” says Panjiar.
Yokohama Tire renews partnership with Tread Lightly
For the third straight year, Yokohama Tire has renewed its partnership with Tread Lightly! and will again be an official partner of the renowned U.S-based nonprofit organization that’s dedicated to ... ( read original story ...)
Bank of Japan set for first rate hike in 11 months
TOKYO -- The Bank of Japan is moving to raise its policy rate at the Dec. 18-19 monetary policy meeting with a 25-basis-point increase from 0.5% to 0.75% emerging as the leading option, Nikkei has ...
Japan lifts tsunami advisory after 6.7-magnitude earthquake
The quake struck the country's north just days after a 7.5-magnitude earthquake in the same region injured 50 people. ( read original story ...)
Tsunami advisory lifted after magnitude 6.9 earthquake hits Japan’s northeast region
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday, the Japan Meteorological Agency (JMA) said. The JMA earlier put ... ( read original story ...)
Crypto fraudster sentenced for 15 years prison for $40 billion fraud
A South Korean national and former crypto entrepreneur had been had been sentenced to jail for an ‘epic’ fraud.Do Kwon, was co-founder of Singapore-based Terraform Labs, which
Klarna Partners With Privy to Explore Crypto Wallet Use Within its Ecosystem
The project aims to make crypto more accessible to everyday users, building on Klarna's recent launch of KlarnaUSD, a dollar-backed stablecoin.