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Last week, Ethereum spot ETFs got the green light from the SEC, marking a significant milestone in the crypto world. Popular crypto journalist Laura Shin shed light on this development, noting that while the approval of Ethereum spot ETFs by the SEC is exciting, theres a catch: these ETFs will likely remove staking. Staking is […]
Martin Shkreli outlined that “Sam isn’t exactly gonna be somebody that fits into prison” and that he needs to rebrand himself to fit in and make friends.
This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin’s Unchained Podcast, titled ‘It Was Never Really About Money or Fame or Success’, the Terra creator faces serious scrutiny. Do Kwon denounces media misinformation, denies several serious charges and gives a play-by-play explanation of the organization’s movements during the crash. And he sweats bullets. Related Reading: Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized Laura Shin did her homework, and relentlessly puts forward the questions most Terra investors have. She does this in a non-threatening, extremely professional way. Do Kwon answers all of her questions. Some better than others, but the man does show his face and answers, which is a lot. Compassionately, Laura Shin also gives Do Kwon a second opportunity to say sorry to Terra’s affected investors and their families. He would’ve come across much worse if she hadn’t offered that second chance. The episode’s intro says: “Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices.” This is the video: This Do Kwon interview is one for the books, everybody interested in the subject should watch it. Let’s bring out the bullet points and analyze this phenomenal piece of media. Do Kwon On His Location And “On The Run” Status He claims he doesn’t live in South Korea anymore and he’s not planning to return to face the alleged charges. He plans to appeal, though. Do Kwon hasn’t seen a copy of the arrest warrant. Apparently, cryptocurrencies are securities in South Korea. His team has been cooperating with South Korean authorities, fulfilling the court requests for different documents. Do Kwon refuses to reveal his current location because of the difficulties it brings to his living situation. He denies he’s on the run. He denied frozen funds at the KuCoin and OKX exchanges belong to him, Terraform Labs, or the LFG foundation. The most important news Do Kwon reveals, though, is that the organization is working with a chain analysis firm to produce a paper on their trading activities. “They should be publishing a report shortly, which I think is going to provide a lot more clarity,” he said. Do Kwon promised the report in “the next couple of weeks.” LUNA price chart on Kraken | Source: LUNA/USD on TradingView.com Terra Was a Failure But It Was Not A Scam Do Kwon claims that his online persona was an alter ego and confesses that he got carried away with the “sh*tposting.” Terra’s failure was caused by the protocol’s “weakness to respond to the cruelty of the markets.” He admits to a lot of technical and theoretical mistakes but denies Terra was a scam. Do Kwon claims that the Anchor developers/ whistleblowers that came forward denouncing the protocol were only interns. Not a line of their code appears in the final product, and this is apparent in GitHub. Admits to the SDT premine of $1.4B. This was a second stablecoin that the Terra organization used to maintain the UST peg to the dollar. This stablecoin wasn’t even mentioned in the Terra whitepaper. According to Do Kwon, this was because they hadn’t conceived SDT when they wrote it. He claims Terra’s is an “academic whitepaper” and wasn’t supposed to cover all of the technologies’ use cases. Do Kwon admits they were using market operations to maintain the UST peg to the dollar. In fact, he says this was always the idea. The burning and minting of LUNA was not the only procedure that was supposed to maintain the peg. Do Kwon And The Other Admissions Apparently, Terra and Chai haven’t been working together for a long time. When asked about faking Chai’s numbers and interactions registered in the Terra blockchain, Do Kwon said that the numbers came from Chai. According to him, they were probably “distancing themselves” from the Terra situation but still using the blockchain. Related Reading: Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge When asked about his participation in Basis Cash, a failed algorithmic stablecoin, Do Kwon distanced himself from the situation. He was just founding the team, but had nothing to do with the actual project. “Basis Cash is not something that I designed or operated. It’s something that I encouraged,” Do Kwon said. When asked about if he was planning to compensate Terra investors from his own pocket, Do Kwon said, “my personal funds are not significant enough to make a difference.” He still believes the world needs to work towards a decentralized future and that we need censorship-resistant money. As for his future plans, Do Kwon says he plans to continue building “highly experimental” projects in the crypto space. Featured Image: Do Kwon and Laura Shin, screenshot from the video interview | Charts by TradingView
Do Kwon, the founder of Terra, made a long-awaited appearance in an exclusive interview on October 18 with renowned author and crypto journalist Laura Shin. Since the Terra Blowout in May this year, Shin, host of the Unchained podcasts, has posed some challenging questions to the evasive founder. The stablecoin UST and crypto asset LUNA […]
“The schools say he didn’t graduate from undergrad. Also, he has said multiple times, including in our interview, that he dropped out from a PhD program,” claimed crypto-journalist Laura Shin.
Cardano (ADA) is one of the most popular digital assets in the crypto market. The network which has been the subject of never-ending upgrades has made its mark as a force to be reckoned with, both development-wise and price-wise. However, it has been on a downtrend since it hit its all-time high of $3 last year and has not made any meaningful recovery since then. This has recently been further made worse by accusations about the network’s founder, Charles Hoskinson. Hoskinson who founded Cardano in 2017 has come under fire for some information that was published in journalist Laura Shin’s new book. Hoskinson Falsifying Information? In her new book The Cryptopians, Laura Shin opens a window into the world of key players in the space. One of those who made the lineup was Cardano founder Charles Hoskinson. According to Shin, Hoskinson had made some untrue claims with regards to his schooling and education. Shin said that the founder had previously told her that he had dropped out of a Ph.D. program which she had confirmed to be false. Related Reading | Risk Aversion Pulls Crypto Market Down, Bitcoin Still Below $40K Shin made the accusations in response to a comment Hoskinson had made on Twitter calling her book a “great work of fiction.” The crypto journalist had subsequently fired back at Hoskinson asking him to address the discrepancies between his claims about his schooling and the statements from the schools stating that Hoskinson was never enrolled in their Ph.D. program and one of the schools didn’t even offer a math Ph.D. program. Hi Charles, speaking of fiction, do you want to address the discrepancies between your claims of dropping out of a PhD program and the schools' assertions that you were enrolled as an undergrad? pic.twitter.com/gBULGEa6KK — Laura Shin (@laurashin) March 6, 2022 Other Twitter users had replied to Shin saying that Hoskinson never said he had been in a Ph.D. program. To which the crypto journalist had countered with an audio recording of Hoskinson saying that he was a grad student. “I was trying to get a Ph.D., and I ended up dropping out and never finished,” Hoskinson is heard saying on the recording. Cardano (ADA) Takes A Hit Hoskinson is yet to respond to the accusations levied by Shin regarding his claims that he had dropped out of a Ph.D. program. Nonetheless, the digital asset has reacted to this controversy. On March 6, when Shin had posted the accusations, there had not been much movement in the price of the digital asset, although it had continued its downward plunge. However, once the exchange began to gain more attention, the effects were being felt on the charts. ADA falls to $0.8 | Source: ADAUSD on TradingView.com On Monday, March 7th, ADA had taken a pretty significant nosedive that put it below $0..8 for the first time in over a year. A small recovery had since it break back above $0.8 but the cryptocurrency has not had much luck continuing on that recovery as it is now back down to the low $0.8. Related Reading | TA: Bitcoin Faces Uphill Task, Why BTC Bears Are Still In Control Laura Shin’s book opened a conversation about a lot of leaders in the crypto space and their conduct over the years. But besides calling the book a work of fiction, Charles Hoskinson has not said much about the book or the parts that involve him. Featured image from Cointribune, chart from TradingView.com
The founder of Cardano (ADA), Charles Hoskinson, is getting in a heated discussion on Twitter after Laura Shin, who is a crypto-journalist that published a book called “Cryptopians,"
A crypto-journalist claims to have solved one of cryptocurrency’s biggest mysteries. She is said to have evidence about who hacked The DAO in June 2016, taking 3.6 million ether from its treasury and causing a controversial Ethereum network hard split. Laura Shin, presenter of the Unchained podcast and author of “The Cryptopians,” is identifying TenX […]
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