Or at least in the same orders of magnitude. “ This year all these updates are coming that are massively improving the scalability and expressiveness of the system so that you’ll get the same type of performance you’re seeing from systems like Solana and so forth. “ In terms of commercial comparability, we focused an enormous amount of effort in the beginning of the project on correctness and scientific excellence… so we developed all of these phenomenal protocols… “ Right now, I would say commercial comparability, sustainability, and self-determination are the three big things that we are really working on. When Hoskinson was asked about his three top priorities, he replied: Hoskinson’s comments were made during an interview with Marco Monty Montemagno, the host of “InsideW3B”. To avoid FOMO and access member-only features, click here to subscribe.In a recent interview, Charles Hoskinson, Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, explained why “June and October are going to be great months” for Cardano ($ADA). Whether it’s crypto news in Singapore, Southeast Asia or even across the globe, we understand how busy the industry is keeping you, so we kindly send out three newsletters each week: BlockBeat for a wrap-up of the week’s digital assets news Blockhead Brief for weekend happenings as well as what to look forward to in the week ahead and Business Bulletin for macroeconomic updates and industry developments.
The world of Web3 can be quite a whirlwind. Korea Criminal Justice Policy Institute researcher Seung Jae-Hyeon explained that Serbia and South Korea have never signed an extradition treaty, making for the perfect hiding place for the Korean fugitive.ĭo Kwon has remained silent on social media, with his last tweet dated 1 February 2023. Read more: Do Kwon Hunted By South Korea Officials in Serbia Last month, a South Korean delegation went to Serbia to search for Do Kwon. He had previously been operating from the city-state.ĭo Kwon's location has been unclear since September last year after South Korea issued an arrest warrant for him following the crash of LUNA, the native token of the Terra ecosystem.Įven Interpol Issued a Red Notice calling for law enforcement around the world to locate and arrest the crypto outlaw. In a statement, the SPF said, “Investigations have commenced in relation to Terraform Labs” with "ongoing" inquiries, adding that Do Kwon is not currently in Singapore. Read more: Singapore Police Finally Probe Terra Luna Founder Do Kwon Just last week, the Singapore Police Force (SPF) began an investigation into Terraform Labs and Do Kwon, who is no longer in the country. Specifics of the Justice Department's investigation is unclear but prosecutors could drop the case without filing charges. It is alleged that Do Kwon misled investors into believing Chai transactions were processed on Terra's blockchain, instead of the traditional technology it was actually using.Ī lawyer for Do Kwon and Terraform said in court that they are seeking to dismiss the lawsuit from the SEC. SEC investigators are looking into the relationship between the Terra blockchain and South Korean based payment platform Chai.
Read more: SEC Finally Charges Do Kwon, Terraform Labs With Fraud The probe follows echoes the SEC's charge against Terraform Labs and Do Kwon in February.
The US Department of Justice is looking into the collapse of Do Kwon's TerraUSD stablecoin.īoth the FBI and the Southern District of New York – part of the Justice Department – have questioned former Terraform Labs staff too.
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