Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have been frozen, which includes imported vehicles, bank deposits, and cryptocurrency accounts held at a digital currency...
A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s creator Satoshi Nakamoto has been making rounds. Andresen expressed his concern...
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit
The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noting that a growing number of countries are saying: “Why can’t we trade in our own currencies? Why are we committed to trading through the dollar?” BRICS Currency to Be Discussed at Upcoming Leaders’ Summit The BRICS countries are planning...
Twitch-Streaming Destiny 2 Teen Cheater Fails in Bid to Shake Bungie Lawsuit
After filing a series of lawsuits against cheat developers, cheat sellers, resellers, and even gamers who use cheats, there’s little doubt that Bungie views cheating as a threat to its business. After a Washington court awarded Bungie $6.7 million in damages against LaviCheats on Monday, the company scooped a damages award of $16.2m in the same court (but in a different case) on Tuesday. For the sole defendant in yet another Bungie...
Bungie Wins $16.2m, Destiny 2 Cheat Dev Violated DMCA, RICO, CFAA
Bungie’s relentless pursuit of cheat developers, sellers, and resellers was probably crafted to send a deterrent message. After another judgment and multi-million dollar damages award was handed down this week, any cheat developers still operating may consider other companies’ games less of a risk. For those still unconvinced, a judgment handed down Tuesday may be persuasive. The Domino Effect Bungie filed a copyright infringement...
