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An govt of the biggest shareholder of cryptocurrency alternate Bithumb was discovered lifeless outdoors his residence. He allegedly dedicated suicide by leaping off a constructing whereas underneath investigation by Korean prosecutors for embezzlement and inventory market manipulation.
An govt linked to South Korea’s largest cryptocurrency alternate, Bithumb, was discovered lifeless in entrance of his residence in southern Seoul Friday, Yonhap Information reported.
The manager, surnamed Park, is the vp of KOSDAQ-listed broadcast tools provider Vidente Co., the biggest shareholder of Bithumb Holdings Co. that controls South Korea’s largest cryptocurrency alternate. Vidente additionally holds a stake in Bithumb Korea.
In response to native media, the manager dedicated suicide by leaping off a constructing whereas being investigated by South Korean prosecutors for embezzlement and inventory value manipulation.
Park’s investigations concerned allegations in opposition to Kang Ji-yeon, head of the kiosk provider Inbiogen, and her brother Kang Jong-hyun. Inbiogen is the biggest shareholder of Vidente. The siblings allegedly colluded to embezzle company funds and manipulate inventory costs. They reportedly put Park accountable for accounting.
The Seoul Southern District Prosecutor’s Workplace launched a full-fledged investigation into the case in October final yr and raided three corporations allegedly linked to Bithumb: Vidente, Inbiogen, and Bucket Studio. Prosecutors are anticipated to terminate their case in opposition to Park upon his loss of life.
In July final yr, Vidente mentioned it held discussions about promoting its stake in Bithumb to FTX however no deal had been reached. The collapsed crypto alternate filed for chapter in November. FTX and former CEO Sam Bankman-Fried (SBF) have been charged by the U.S. authorities and regulators with a number of counts of fraud.
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Cryptocurrencies have transformed the
financial landscape, captivating tech enthusiasts, investors, and regulators
worldwide. However, as digital assets gain prominence, critical questions arise
about the role of financial literacy and cognitive biases in shaping investment
behaviours.
Empirical evidence underscores that
financial literacy significantly influences financial stability by enhancing
individual decision-making. People with higher financial literacy make prudent
choices, such as budgeting effectively, saving for emergencies, and
understanding borrowing costs.
Conversely, low financial literacy often leads
to poor decisions, over-indebtedness, and susceptibility to distorted
expectations, amplifying systemic risks.
Why does financial literacy play a
pivotal role in the cryptocurrency ecosystem? The inherent complexity of
digital assets like cryptocurrencies necessitates accurate financial knowledge
to navigate their risks. Understanding blockchain technology, digital wallets,
and trading platforms—all critical components of cryptocurrency
investment—requires a level of digital and financial literacy that many
investors lack.
Cryptocurrencies have transformed the
financial landscape, captivating tech enthusiasts, investors, and regulators
worldwide. However, as digital assets gain prominence, critical questions arise
about the role of financial literacy and cognitive biases in shaping investment
behaviours.
Empirical evidence underscores that
financial literacy significantly influences financial stability by enhancing
individual decision-making. People with higher financial literacy make prudent
choices, such as budgeting effectively, saving for emergencies, and
understanding borrowing costs.
Conversely, low financial literacy often leads
to poor decisions, over-indebtedness, and susceptibility to distorted
expectations, amplifying systemic risks.
Why does financial literacy play a
pivotal role in the cryptocurrency ecosystem? The inherent complexity of
digital assets like cryptocurrencies necessitates accurate financial knowledge
to navigate their risks. Understanding blockchain technology, digital wallets,
and trading platforms—all critical components of cryptocurrency
investment—requires a level of digital and financial literacy that many
investors lack.
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NVIDIA’s recent unveiling of the GeForce RTX 50 Series, powered by the new Blackwell architecture, has set the tech world abuzz.
These GPUs promise significant advancements in performance, efficiency, and AI integration, all of which could have profound implications for the cryptocurrency landscape.
The RTX 50 Series lineup includes the RTX 5090, RTX 5080, RTX 5070 Ti, and RTX 5070, with the RTX 5090 leading the pack. Key features include:
The release of NVIDIA’s 50 Series GPUs is a major leap forward not only for graphics processing and crypto but also for artificial intelligence. With their cutting-edge Blackwell architecture, these GPUs offer unprecedented capabilities for AI training and deployment, making them indispensable tools for researchers, developers, and innovators.
AI models, especially large language models (LLMs) and deep neural networks, require immense computational resources. The RTX 50 Series, led by the RTX 5090, is tailored to meet these demands with:
These features make the 50 Series a game-changer for AI development, potentially cutting down training times for models like GPT or image-based systems such as DALL-E.
As AI continues to permeate industries, AI-driven agents are becoming critical tools. NVIDIA’s 50 Series GPUs could enable more robust and intelligent agents by providing the processing power needed for real-time decision-making and data analysis.
Take Agent TINFOIL by Egregore Labs, for example. This AI agent is designed to delve into conspiracy theories and provide thought-provoking insights. The enhanced AI capabilities of the RTX 50 Series can help such agents analyze vast datasets more effectively, creating more nuanced and accurate outputs. The GPUs’ power could also support TINFOIL’s predictive features, such as generating forecasts based on global trends—a perfect fit for NVIDIA’s vision of AI-powered future tech.
Don’t miss the TINFOIL presale happening on Pinksale!
The enhanced capabilities of the 50 Series GPUs could lead to several developments in the crypto mining sector:
The 50 Series GPUs are not limited to mining; their advanced features could benefit various blockchain-related applications:
As of January 10, 2025, NVIDIA’s stock (NVDA) is trading at $140.11, reflecting a slight decrease of 0.057% from the previous close. The company’s market performance has been influenced by various factors, including product launches and regulatory developments.
Recent news indicates that NVIDIA’s stock experienced a 5.2% drop to $141.69 following announcements of new products and limited updates on AI chip production.
NVIDIA’s RTX 50 Series GPUs represent a significant advancement in graphics processing technology, with potential ripple effects across the cryptocurrency and blockchain sectors. By offering enhanced performance, energy efficiency, and AI integration, these GPUs could redefine mining operations and support the development of advanced blockchain applications. As the crypto landscape continues to evolve, the impact of NVIDIA’s latest offerings will be closely watched by industry stakeholders and enthusiasts alike.
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