A Xiaomi anunciou uma parceria com a tradicional fabricante de câmeras profissionais Leica. As lentes da marca alemã devem equipar os celulares de ponta da gigante chinesa a partir de agora. O primeiro smartphone com a novidade pode ser o Xiaomi 12 Ultra, que está previsto para chegar ao mercado em julho, de acordo com informações que circulam nos bastidores. Especula-se que o aparelho possa vir com o sensor IMX800 de 50 MP da Sony na câmera principal, num conjunto com as lentes Leica com zoom periscópico.
Esta não será a primeira vez que a Leica produzirá lentes para um smartphone. Antes da parceria com a Xiaomi, a empresa alemã trabalhava em conjunto com outra companhia chinesa, a Huawei.
Acredita-se que os celulares da Xiaomi podem se beneficiar de alguns recursos de fotos encontrados no Huawei P50 e em outros dispositivos que foram fruto da finada parceria com a Leica, como filtros de cores diretamente no app de câmera, por exemplo.
A Huawei tinha a parceria com a empresa alemã desde 2016, mas o vínculo se encerrou em março de 2022, segundo o site Android Authority. No momento, a Huawei estaria procurando um novo parceiro para a produção das lentes de seus celulares.
Huawei P50 Pro foi o último smartphone da parceria da Huawei com a Leica — Foto: Divulgação/Huawei
Apesar de o Xiaomi 12 ter desembarcado oficialmente no Brasil em maio de 2022 pelo valor de R$ 9.499, ainda não há como prever se o Xiaomi 12 Ultra – modelo com ficha técnica de ponta – também será vendido oficialmente no país.
PRESS RELEASE. D’CENT Hardware Wallet recently added a new user-focused feature named ‘Exchange’ under the platform’s ‘Discovery’ tab menu, allowing users to exchange multiple network cryptocurrency assets with only a few clicks. Furthermore, users may acquire cryptocurrencies using their credit cards directly from the ‘Buy Cryptocurrency’ tab, thereby bypassing the need for crypto exchanges.
Details about the wallet
D’CENT provides three types of wallets, namely ‘Biometric’, ‘Card Type’, and ‘App’, all of which are handled through a single D’CENT mobile application that is fully compatible with both iOS and Android smartphones.
D’CENT users may convert their cryptocurrencies into supported coins using the ‘Exchange’ menu and can purchase crypto via the ‘Buy Cryptocurrency’ options without using traditional exchange services as aforementioned. In this way, D’CENT has effectively eliminated the need for users to register their crypto wallet addresses which means that they are given an easy and safe user experience, since these services shall instantly recognize D’CENT wallet addresses which would help make the entire process both quicker and more seamless.
What makes the wallet so special?
Apart from the aforementioned features, D’CENT will also be working alongside the ChangeNOW and Changelly crypto exchanges, as well as Simplex, Wyre and MoonPay for the purposes of buying crypto assets. D’CENT wallets also currently support over 40 main network coins. Additionally, more than 20 main network oriented decentralized application (Dapp) services are also supported via the ‘Discovery’ tab.
NFTs based on Ethereum, Polygon, Klaytn, Luniverse and HECO can also be managed through the wallets. In addition, D’CENT will focus on incorporating different features which will be verified via the wallet in order to provide both enhanced user focus alongside an intuitive user experience based on blockchain services. Lastly, Metamask integration for PC and support for upto 100 main networks will also be prioritized going forward.
About D’CENT
D’CENT Wallet is a safe, easy to use, and reliable hardware wallet that boasts enhanced crypto protection built on the highest security standards. IoTrust developed D’CENT Wallet as a startup built by security professionals with more than 15 years of security and technical expertise in designing deeply embedded security solutions focused around secure-chip technology (SE and TEE). Essentially, D’CENT Wallet combines hardware and software and security methods to safeguard users’ digital assets.
For more information, check out the official website as well as the Twitter, Medium, YouTube and Facebook channels.
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The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. The metaverse is a virtual world that allows millions of players to live beyond their immediate environment. With blockchain technology, users can create, own and utilize digital assets while interacting with other people in the virtual space.
Cornucopias ‘The Island’ is a play-to-earn, build-to-earn, learn-to-earn, host-to-earn MMORPG game powered by the blockchain. In a world of unique domes, players can own land and other NFT-based assets which can be traded with other users on Cornucopias’ marketplace and many secondary market places. Cornucopias is a fun, safe and expanding metaverse with one of the most positive and engaged communities of any blockchain-based project.
With the excitement of metaverse innovation sweeping the globe, there is an extremely high demand for the first Cornucopias land sale, which is expected to sell out in record time. Cornucopias NFT projects have a track record of completing successful sales with the right balance of supply and demand. For example, Cornucopias NFT2tree philanthropic NFTs sold out in under 20 seconds and planted close to 50,000 trees in Senegal, Africa, and that number increases daily in perpetuity. Bubblejett NFTs sold out with Mythic rarity hitting over 100x value on secondary markets. In addition, the GTI Javelin NFT sold out despite experiencing a system pause, and the community benefited when the Cornucopias team decided to gift the GTI Javelin NFTs for free to thank their extremely positive community for their patience.
Dominating the Blockchain Gaming Industry
The main objective of Cornucopias is to lead the metaverse industry through its highly innovative ecosystem. Furthermore, the Cardano blockchain supports the game with a thriving community passionate about physical and digital projects. Therefore, Cornucopias is gaining the attention of metaverse enthusiasts, gamers and the mainstream audience around the world, with new members joining the community at a highly accelerated rate.
Cornucopias ‘The Island’ is more than just a blockchain-based game because participants can do more. In traditional gaming, players repeatedly pay through micro-transactions, subscription fees, DLC packages, and other money-grabbing mechanisms that generate over $300 billion in annual revenue for traditional game developers. As large traditional game developers struggle to crack the code on the blockchain-based games that are the future of the industry, Cornucopias is perfectly positioned to claim a large portion of the gaming industry pie.
The new gaming model is with NFT assets, it provides the exact opposite user experience. Instead of repeatedly making in-game purchases to ‘unlock’ game content, players only need one purchase to own an NFT for life, or sell it on the secondary market. The benefits of this ownership for players include a plethora of perks, rewards, and privileges. As a result, owning a Cornucopias NFT allows players to possess an ‘unprecedented utility’ that unlocks various features and in-game advantages, with the future of using those same owned assets in other games and on other blockchains.
Participants are freed from paying monthly membership fees because the Cornucopias game is free-to-play, which gives everyone on the planet the ability to take advantage of the opportunity to join the metaverse, and play the games it contains and much more. Players can sell their NFTs, trade them with someone else, or stake them for additional rewards.
In addition, ‘The Island’ combines gaming with real-world commerce and gives opportunities for
traditional and e-commerce companies to own land in the metaverse, sell and promote their real-world brands, goods and services to a hard-to-reach global audience that they have potentially never had access to before.
The project is easily accessible worldwide and is built on the latest Unreal Engine 5 games engine. This software makes the game compatible with PCs, mobile phones, game consoles and smart TVs. As a result of Cornucopias’ bold strategy to become the first AAA UE5 blockchain based game, Cornucopias is ahead of the competition and already has the attention of global brands, the growing crypto community, game developers, 3D artists, and the game enthusiasts that will power and run the governance of the self sustaining ecosystem.
More development for the future
The NFT2Tree mints are a test program for Cornucopias internal NFT sale, mint and marketplace system, which will be used in the upcoming land sale, and an opportunity to provide real-world eco and sustainability value, with all monies from the sale going to plant trees in Senegal, Africa. As a project that wants to impact both the digital and physical world, Cornucopias intends to kick off many other philanthropic NFTs.
Furthermore, 100% of the secondary market sales commission will be used to plant real trees into perpetuity, with the hope of automatically sustaining an increasing positive impact.
Cornucopias is also launching the first of many mobile mini-games in Q3 2022, the PC game in Q4 2022 and consoles in 2024 to maintain its highly aggressive road map.
About Cornucopias
Cornucopias ‘The Island’ is a massive play-to-earn, build-to-earn, host-to-earn, and learn-to-earn blockchain-based game where players can be rewarded with and/or own land, properties and other NFT-based assets with real-world value, all by playing games in a fun and safe metaverse.
To learn more about Cornucopias ‘The Island’, click on the links below.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. Singapore, Singapore / May 25 / – Fireblocks, the leading digital asset and crypto infrastructure platform, has added support for TRX and all TRC20-based tokens of the TRON DAO blockchain on its institutionally-focused digital asset platform today.
With one of the largest and most active communities, remarkably low transaction fees, and high scalability, TRON is the Top #3 blockchain and one of the most popular layer 1 DAOs in the industry. Within the first 72 hours of Fireblocks’ Early Access Program enabling clients to receive TRON functionality, Fireblocks saw $35 million of transaction volume.
Fireblocks currently supports more than 1,100 tokens and over 35 protocols. To date, Fireblocks customers have amassed $45 billion assets under custody on the platform, which institutions have used to secure over $2.5 trillion in digital asset transfers. Today’s announcement follows a recent surge of new assets added to the platform as it expands institutional DeFi access.
More than 1,200 liquidity partners, trading venues, and counterparties on the Fireblocks Network can now securely and smoothly send, receive, or custody TRX and other TRC20 tokens using TRON DAO’s platform.
“We have seen a lot of demand from our customers to support TRX and TRC20 tokens. We’re excited to be able to make these tokens available to our enterprise customers and look forward to supporting the ecosystem’s continued growth,” said Michael Shaulov, CEO & Co-founder of Fireblocks.
“TRON was built with the core mission of making blockchain technology accessible, whether it be for users, developers or investors,” said H.E. Justin Sun, Founder of TRON. “It is exciting to see TRON DAO continue to grow and see the institutional community get involved with partnerships with industry leaders like Fireblocks.”
About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2022, it has over 94 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $10 billion in total value locked (TVL) as reported on TronScan. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. Ariva, a next-generation tourism & travel blockchain protocol, celebrated the first anniversary of its launch on May 25, 2022. This development marks an impressive milestone for the blockchain project that has taken the tourism sector by storm in recent months.
Ariva launches reward program to celebrate 1st anniversary
Ariva has announced a giveaway campaign to celebrate the first birthday that will reward users with different prizes. This includes a limited collection of its Arivaman NFT to 6 winners, $30 million ARV tokens to 30 participants and $6k BUSD to six winners.
Ariva has further revealed that participants will have to complete a series of events, including following Ariva on different social networks, voting on Coinmarketcap and filling out a reward form with their BSC address.
Undoubtedly, one of Ariva’s most important birthday week events will be the launch of the alpha test of the Ariva Wonderland Metaverse project. In a surprise, the team announced that the test will be conducted in an open alpha test format and that a limited number of gamers from the committee will be selected for this unique experience.
Major achievements accomplished in 12 months
Ariva has achieved some noteworthy achievements since its launch due to its impressive concept and innovative products. It has an active community of more than 200,000 members on social media and is featured in 100+ tabloids globally.
Ariva has also enjoyed significant adoption of its token ARV with more than 220,000 holders. ARV has also been listed on 32+ exchanges and 10+ wallets showing the rapid growth of the utility token.
Ariva has also hosted several events to foster the development and adoption of blockchain technology in the tourism industry. In recent months, it has also embarked on high profile partnerships with the World Tourism Forum Institute and Global Tourism Forum.
Ariva’s partner, the president of WTFi Bulut Bagci was also a keynote speaker at the FIS Dubai event in May 2022. Furthermore, Ariva has been able to embark on policy building with members of the European Parliament on how it can revolutionize the travel and tourism industry with blockchain technology.
A complete blockchain-based tourism ecosystem
As promised, the team also launched the Ariva.World crypto travel portal and Ariva.Finance payment gateway before his birthday. They also stated that the distribution of Ariva Pos Machines to hotels and travel agencies will begin in a short time.
Merchants can also deploy Ariva.finance APIs on their stores to integrate crypto payment systems. Furthermore Ariva.Finance has been deployed into the first batch of Ariva POS machines that hotels and tourist centres have adopted. Ariva.World is a decentralized hub that enables tourists to connect with local and global tourism service providers.
Ariva recently launched Ariva Wonderland, a metaverse project that aims to introduce tourists to a world with limitless travel experiences.
More developments expected in the future
The Ariva team is not resting on their laurels and has partnered with Global Tourism Forum ahead of its leader’s summit set to take place in Washington DC on 24th June. It has also revealed plans to extend more features for the Ariva Wonderland metaverse and list ARV on more exchanges in the coming months.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account offerings issued by financial giants like Fidelity. In recent times, cryptocurrencies can be further capitalized to put a down payment on a mortgage or get a conventional home loan using bitcoin as collateral.
These days, at least in the United States, banks require at least 20% down if a person or a couple wants to purchase a home by leveraging a conventional loan. Typically, people use cash for collateral or a down payment, but Americans can also utilize things like business equipment, inventory, invoices, blanket liens, and even other forms of real estate to secure a traditional mortgage.
As of April 8, 2022, the median home price in the U.S. was $392,000, which means a buyer needs $78,400 in collateral to secure a conventional bank loan. While crypto assets can be utilized to load debit cards and pay for items via point-of-sale commerce, there’s not many firms that allow people to use digital currencies for a crypto-backed loan.
However, there are a couple of companies right now, either offering loans that utilize crypto assets for collateral or that are planning to do so in the near future. Moreover, some firms that planned to offer crypto-backed loans gave up on the idea shortly after.
For instance, the second-largest mortgage lender in the U.S., United Wholesale Mortgage, announced it would accept bitcoin (BTC) for mortgages at the end of August 2021. However, a few months later, United Wholesale Mortgage revealed the company decided not to offer the crypto services.
The company’s CEO, Mat Ishbia, told CNBC in October 2021 that the lender did not think it was worth it. “Due to the current combination of incremental costs and regulatory uncertainty in the crypto space we’ve concluded we aren’t going to extend beyond a pilot at this time,” Ishbia explained to CNBC’s MacKenzie Sigalos.
Meanwhile, a financial services firm that just recently announced crypto-backed home loans is the cryptocurrency firm Abra. The company, founded in 2014 by former Goldman Sachs fixed income analyst Bill Barhydt, has provided digital asset trading services and a cryptocurrency wallet for over seven years.
On April 28, 2022, Abra announced it has partnered with the company Propy and homebuyers can secure a home loan using crypto as collateral via the Abra Borrow platform. The Abra lending application has various interest rates, depending on how much crypto collateral is added, from 0 to 9.95%.
“While digital asset investment has skyrocketed, most investors are unable to use their cryptocurrency holdings to directly fund the most important purchase in their life, a home,” Abra’s CEO Bill Barhydt explained during the announcement. “Our partnership with Propy solves this and is a major step in bridging the gap between crypto and real estate,” the Abra executive added.
In addition to Abra, a company called Milo is offering crypto-backed mortgages for people interested in purchasing real estate. Milo is a Florida-based startup that raised $17 million on March 9, 2022, in a Series A funding round. The California-based venture capital firm M13 led the funding round and QED Investors and Metaprop participated.
Milo offers 30-year loans for borrowers looking to leverage up to $5 million. Milo accepts stablecoins, bitcoin (BTC), ethereum (ETH), and interest rates are between 5.95% and 6.95%, with loans that have two to three-week closing times. When Milo raised $17 million last March, Milo CEO Josip Rupena said the company’s efforts aim to enable crypto participants.
“This [funding] round of financing is a validation of Milo’s vision to empower global and crypto consumers and the opportunity to bridge the digital world with real-world real estate assets,” Rupena said at the time. “This is a multibillion-dollar opportunity, and we are proud to be pioneering the efforts in the U.S. for consumers that have unconventional wealth.”
Ledn and Figure Technologies Plan to Offer Crypto-Backed Mortgage Products
The crypto lender and savings platform Ledn revealed in December 2021 that it was readying “the impending launch of a bitcoin-backed mortgage product.” At the same time, the firm said that it raised $70 million from a handful of well-known investors.
While Ledn’s crypto-backed mortgages are not yet available, people can sign up to get on the waitlist.
Ledn was founded in 2018 and the company has raised a total of $103.9 million to date. At the time of writing, Ledn’s bitcoin-backed mortgage is not yet available, but people can sign up for Ledn’s mortgage product waitlist.
“By combining the appreciation potential of bitcoin with the price stability of real estate, this first-of-its-kind loan offers a balanced blend of wealth-building collateral,” Ledn’s mortgage web page says. “With the Bitcoin Mortgage, you can use your holdings to buy a new property, or finance the home you already own. Get a loan equal to your bitcoin holdings, without selling a satoshi.”
Figure Technologies also plans to provide a crypto-backed mortgage and people can sign up for a waitlist in order to access Figure’s upcoming product. Figure’s co-founder Mike Cagney explained at the end of March that the company was launching the mortgage program.
Figure aims to offer crypto-backed mortgages up to $20 million with varying interest rates, from 5.99% to 6.018% APR.
“Figure is launching a crypto-backed mortgage in early April,” Cagney said at the time. “100% LTV – you put up $5M in BTC or ETH, we give you a $5M mortgage. No painful process, no cash-out, any amount up to $20M, for a 30-year mortgage. You can make payments with your crypto collateral. And we don’t rehypothecate your crypto.”
While there’s not that many crypto-backed mortgage products today, the trend is starting to become a bit more prominent in 2022. If the trend continues, like crypto’s integration with ATMs, debit cards, and the myriad of traditional financial vehicles, the concept of buying a home with bitcoin will likely become a mainstay in society.
What do you think about the concept of crypto-backed mortgage products? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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The crypto lender and savings platform Ledn revealed in December 2021 that it was readying “the impending launch of a bitcoin-backed mortgage product.” At the same time, the firm said that it raised $70 million from a handful of well-known investors.
Ledn was founded in 2018 and the company has raised a total of $103.9 million to date. At the time of writing, Ledn’s bitcoin-backed mortgage is not yet available, but people can sign up for Ledn’s mortgage product waitlist.
“By combining the appreciation potential of bitcoin with the price stability of real estate, this first-of-its-kind loan offers a balanced blend of wealth-building collateral,” Ledn’s mortgage web page says. “With the Bitcoin Mortgage, you can use your holdings to buy a new property, or finance the home you already own. Get a loan equal to your bitcoin holdings, without selling a satoshi.”
Figure Technologies also plans to provide a crypto-backed mortgage and people can sign up for a waitlist in order to access Figure’s upcoming product. Figure’s co-founder Mike Cagney explained at the end of March that the company was launching the mortgage program.
“Figure is launching a crypto-backed mortgage in early April,” Cagney said at the time. “100% LTV – you put up $5M in BTC or ETH, we give you a $5M mortgage. No painful process, no cash-out, any amount up to $20M, for a 30-year mortgage. You can make payments with your crypto collateral. And we don’t rehypothecate your crypto.”
While there’s not that many crypto-backed mortgage products today, the trend is starting to become a bit more prominent in 2022. If the trend continues, like crypto’s integration with ATMs, debit cards, and the myriad of traditional financial vehicles, the concept of buying a home with bitcoin will likely become a mainstay in society.
What do you think about the concept of crypto-backed mortgage products? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,” he said about losing his investments.
The collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST) has wiped out a large number of investors. One investor in particular sought direct answers from Kwon Do-hyung (aka Do Kwon), CEO of Terraform Labs who is behind the two cryptocurrencies.
The investor, known as “Chancers,” is a Korean social media personality who conducts streams on cryptocurrency-related topics. He lost around 3 billion won ($2.4 million) in the LUNA and UST collapse. He told BBC News:
I felt like I was going to die. I lost a lot of money in a short period of time. Around $2.4m of my cryptocurrency was wiped out.
He explained that he was angry with the lack of communication from Do Kwon after LUNA and UST went into freefall. He then searched online and found Kwon’s home address in Seoul.
“I wanted to ask him about his plans for LUNA,” Chancers said. “I suffered a huge loss and wanted to talk to him directly.”
The frustrated investor traveled across his home city and knocked on Kwon’s door on May 12. He streamed the event on his online channel; about 100 people were watching at the time.
However, after ringing the doorbell of Kwon’s condominium, his wife answered the door and said her husband was not home. She also called the police but Chancers already left the building when they arrived.
The investor found out the next day that the police were looking for him. He then surrendered himself at Seoul’s Seongdong Police Station on the morning of May 13.
“I surrendered myself to the police station twice,” Chancers stressed, insisting: “I didn’t trespass on Do Kwon’s property, but according to Korean law, it’s illegal to just go there and try to talk. I didn’t know.”
Chancers told the news outlet that he expects to face a fine and a criminal record that could make his life difficult. He opined:
It’s so hard. I lost a lot of money and now I’m being investigated by the police. I originally served as a civil servant in Korea. But if I am convicted of this case, I may not be able to return to the civil service again.
“In Korean culture, the problem itself is not important but rather the fact that it caused a scandal,” he explained. “I even had to apologize publicly as a sinner. I had no idea this would be so big. It’s very sad.”
On Wednesday, the Police said they have wrapped up the investigation and sent the case to the prosecution suggesting he be indicted.
Do Kwon claims that he has been in Singapore since December last year. However, he dissolved Terraform Labs Korea and shut down the company’s Korean offices just days before LUNA and UST collapsed.
South Korean authorities have launched an emergency investigation into the implosion of the two coins. This week, the Korean police asked crypto exchanges to freeze the assets of the Luna Foundation Guard.
Do you think it was wrong for the investor to knock on Do Kwon’s door after he lost millions in the LUNA and UST crash? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
