Day: April 24, 2023

LUNA token is not a security, rules S.Korean court in Terra co-founder case

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act. The southern district court in Seoul dismissed the prosecution’s appeal for confiscating Shin’s properties and his arrest based on securities law violations. The prosecution argued that Luna’s fraudulent transactions breached Capital Market Act in addition to crimes involving property (fraud), making property confiscation a possibility, reported a local daily. A google…

LUNA is not a security, South Korean court rules in Terra co-founder’s case

boss

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as  non-security under Korea’s Capital Markets Act. The southern district court in Seoul dismissed the prosecution’s appeal for confiscating Shin’s properties and his arrest based on securities law violations. The prosecution argued that Luna’s fraudulent transactions breached Capital Market Act in addition to crimes involving property (fraud), making property confiscation a possibility, a local daily reported. A Google translated…

Romania plugs into Web3 with national NFT marketplace

boss

Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) aims to drive Web3 adoption in the country with the launch of an in-house nonfungible token trading platform. The institutional NFT platform, dubbed ICI D|Services, will go live on April 26 and aims to create a link between private and public sector institutions and users. The platform is primarily an NFT marketplace, allowing public and institutional users to mint, manage and trade NFTs. Cointelegraph spoke to ICI Bucharest blockchain laboratory coordinator Paul Niculescu-Mizil Gheorghe to unpack the impetus behind the…

How to become a game developer using ChatGPT

boss

As an artificial language (AI) language model, ChatGPT can provide some guidance on how to become a game developer, but it cannot offer a comprehensive or personalized learning path. Here are some ways you can utilize ChatGPT to become a game developer: Develop your programming skills Game development requires strong programming skills, so start by learning programming languages such as C++, Java or Python. One can take online courses or tutorials to learn the basics of programming and practice writing code. Here is an example of a Python code to create…

MyEListing, With Help from Coinbase Commerce, Creates the World’s First Place to Buy and Sell US Real Estate With Crypto – Press release Bitcoin News

boss

press release PRESS RELEASE. Austin, TX – MyEListing.com, a free commercial real estate listings and data platform, has partnered with Millennial Title, and Championship Title to create a marketplace where anyone in the world can buy and sell US residential & commercial real estate with crypto via an integration with Coinbase Commerce, and close within one business day. The initiative is called the ASAP (Accelerated Sale And Purchase) program. MyEListing.com hosts the marketplace, Coinbase Commerce converts the buyers’ crypto into cash for the seller, and Millennial Title as well as…

Terra Founder Do Kwon Wants U.S. SEC Charges Dismissed for Lack of Jurisdiction, Filings Show

In the civil action brought against Kwon, the regulator failed to prove “personal jurisdiction” as products referenced by the SEC were “available to the world and not directed at U.S. persons,” a 47-page supporting document for a motion to dismiss the charges said. It also says that a digital asset involved in the case, the stablecoin UST, does not fall under the purview of the SEC as it is a currency and not a security. Source

Litecoin Halving: Will LTC Price Pump?

If history repeats itself, LTC price could begin to gain with Litecoin halving which is only about 100 days away. As Litecoin approaches its next halving event, there are indications that the coin’s price may surge again. Chinese blockchain explorer OKlink predicts that the next Litecoin halving will happen by August 3, 2023. A halving event is a programmed change in the supply rate of new coins in a cryptocurrency’s blockchain. For Bitcoin and Litecoin, their halving cycles happen every four years. The implication is that the block reward for…

MyEListing Real Estate Platform Integrates with Coinbase to Accept Bitcoin Payments

The use of cryptocurrency in real estate purchases has become increasingly popular. United States commercial real estate marketplace MyEListing has integrated with Coinbase to accept Bitcoin payments. The platform will allow users to purchase US real estate properties with both Bitcoin and fiat. It launched on April 20 with Texas properties listed and is set to expand to select US states in June. MyEListing will enable real estate agents to list US commercial and residential properties and accept crypto and cash payments from anywhere in the world. The platform supports…

Bed Bath & Beyond Files for Chapter 11 Bankruptcy after Failing to Raise Funds

Bed Bath & Beyond has been struggling to maintain its operations since the beginning of 2023 with BBBY stock correcting over 88% year-to-date. One of America’s top home goods retailers Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday, April 23. The development comes as the company failed to raise funds in several last-ditch efforts to raise fresh capital. Bed Bath & Beyond’s business came under stress in January this year flashing early signs of potential bankruptcy. The company had already issued a “going concern notice” stating…

Celsius Auction Begins on Tuesday as Coinbase, Gemini, and NovaWulf Bid to Manage Restructured Assets

More than 600,000 Celsius creditors would be closely monitoring the auction as it likely determines subsequent payment schemes. According to a Saturday filing by Kirkland & Ellis, the auction proceedings for bankrupt crypto lending firm Celsius Network LLC will begin on Tuesday. The document further states that the public sale of the New Jersey-based crypto lender has attracted several reputable crypto-focused companies, all interested in taking over. These include digital currency exchange Coinbase Global (NASDAQ: COIN) and privately run crypto custodian Gemini Trust. In the filing, Kirkland & Ellis, which oversees the bankruptcy, also said…