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Search resuls for: "Terraform"


6 mentions found


☆ Wall Street's shift to the public cloud hasn't come cheap. From dashboards to automation, here's how firms like Morgan Stanley and Vanguard are keeping costs down while using the tech.
  + stars: | 2022-12-16 | by ( Carter Johnson | Bianca Chan | ) www.businessinsider.com   time to read: +8 min
But the pay-as-you-go subscription model associated with the cloud can also lead to higher expenses when usage goes unchecked. Collaboration is keyAs with most technology applications, there's a human behavior element to cloud cost savings. At Capital One, it took years to build a culture of collaboration between technology and finance teams within the bank's centralized cloud expense management division, Johnston said. Before, the finance team would send the tech team an aggregate bill at the end of each month and "that was kind of the end of the story," Johnston said. Speaking the same language has instilled a greater sense of empathy across different teams, like finance, technology, business, and others.
☆ Asia's year in review: Who had it good — and who had it bad — in 2022
  + stars: | 2022-12-15 | by ( Curtis Chin | Jose Collazo | ) www.cnbc.com   time to read: +7 min
As the new year approaches, we turn again to our annual look at Asia's winners and losers. Government and business leaders in every major economy — China now included — may well hope 2023 is the year when draconian pandemic-related lockdowns become a matter of history. Underscoring the Taiwanese tech industry's critical role, a Semiconductor Industry Association (SIA)/Boston Consulting Group 2021 study found that 92% of the world's most advanced semiconductor manufacturing capacity is located in Taiwan. With numbers like those, Taiwan's semiconductor industry ends the year on the move, still building ties and winning growing support from business and government in the United States and elsewhere. Mixed Year: Asia's 'love' for cryptoAs in much of the world, investors in Asia — once bedazzled if not bewitched by the crypto industry — end the year in a mixed mood.
☆ Crypto giant Coinbase gets Singapore licence
  + stars: | 2022-10-11 | by ( Xinghui Kok | ) www.reuters.com   time to read: +2 min
SINGAPORE, Oct 11 (Reuters) - Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore's central bank to offer payment services in the city-state. About 180 crypto companies applied for a crypto payments licence to the Monetary Authority of Singapore in 2020 under a new regime. Besides Coinbase, Crypto.com and DBS Vickers - the brokerage run by Singapore's largest bank DBS (DBSM.SI) - are among those that have received licences. Both coins were developed by Terraform Labs, which was incorporated in Singapore. Terraform Lab's founder Do Kwon is currently wanted by the South Korean police.
☆ Crypto Fugitive Do Kwon’s Firm Accuses Korean Prosecutors of Overreach
  + stars: | 2022-09-29 | by ( Alexander Osipovich | ) www.wsj.com   time to read: 1 min
Terraform Labs CEO Do Kwon worked on his laptop in Seoul earlier this year before two cryptocurrencies associated with the firm collapsed. The firm behind failed cryptocurrencies TerraUSD and Luna accused South Korean prosecutors of overreaching their authority, two weeks after they issued a warrant for the arrest of its chief executive, Do Kwon. Terraform Labs Pte. Ltd. laid out Mr. Kwon’s defense in a statement sent to The Wall Street Journal on Wednesday. A spokesman for the Singapore-based firm said in the statement that Luna wasn’t legally a security, which would mean that it isn’t covered by South Korea’s capital-markets law.
☆ Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice
  + stars: | 2022-09-27 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Do Kwon, co-founder and chief executive officer of Terraform Labs, insists that he is not on the run from South Korean authorities. Meanwhile, South Korean prosecutors claim that Interpol has issued a "Red Notice" for the arrest of Kwon. On Tuesday, a spokesperson for the Seoul Southern District Prosecutors' Office in South Korea's capital city told CNBC that global law enforcement agency Interpol has issued a "Red Notice" for Kwon. Kwon also said he does not see his name on Interpol's "Red Notice" list. Seoul Southern District Prosecutors' Office sees Kwon as still being on the run, the spokesperson told CNBC.
☆ Wanted crypto developer Do Kwon is not in Singapore, police say
  + stars: | 2022-09-17 | by ( ) www.reuters.com   time to read: +1 min
SINGAPORE, Sept 17 (Reuters) - Singapore Police Force said on Saturday the wanted crypto developer Do Kwon, who is accused of fraud by investors following the collapse of his cryptocurrencies Luna and TerraUSD, is currently not in the city-state. Last week, a spokesperson for South Korean prosecutors said arrest warrants had been issued for six people, including Do Kwon, and that they were residing in Singapore. read moreThe arrest order came after months of investigation and amid public outrage in South Korea over the collapse. A statement from the Singapore police late on Saturday also said they would assist the South Korean police within the ambit of its domestic legislation and international obligations. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chen Lin in Singapore; Editing by Alex Richardson and Clelia OzielOur Standards: The Thomson Reuters Trust Principles.
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