Nft

He was allegedly involved in the Baller Ape Club, a project that purportedly sold NFTs in the form of various cartoon figures, often including the figure of an ape, the Department of Justice said in a recent statement. Shortly after the first day Baller Ape Club NFTs were publicly sold, Tuan and his co-conspirators engaged in what is known as a "rug pull," ending the purported investment project, deleting its website and pocketing the investors’ money. Based on blockchain analytics, shortly afterward they laundered investors’ funds through "chain-hopping," a form of money laundering in which one type of coin is converted into another and funds are moved across multiple cryptocurrency blockchains, and used decentralized cryptocurrency swap services to obscure the trail of Baller Ape investors’ stolen funds. If convicted on all counts, Tuan faces up to 40 years in prison. This and several other similar cases "serve as a crucial reminder that some con artists hide behind trendy … [Read more...] about Vietnamese charged with NFT fraud in US

Utop – an app for online shopping using blockchain technology by FPT Group. (Photo: SGGP) CEO of Vietnam Blockchain JSC. Do Van Long commented that owing to negative incidents of digital currency, many people tend to think that blockchain is merely digital currency, which is extremely mistaken. In fact, this advanced technology can be used to create digital property or to upgrade existing information management systems to gain a higher level of security and transparency. Technology Director of FPT Group Vu Anh Tu also stated that besides the popular use of blockchain in digital currency, it can effectively boost innovative technological startups thanks to its wide applications. Statistics from Vietnam Blockchain Association reveal that among 200-top successful blockchain enterprise in the world, 7 were founded by Vietnamese people. Vietnam is one of five leading countries in this technology. At present, about 10 Vietnamese innovative startups in the blockchain field have the … [Read more...] about Vietnam to actively apply blockchain technology in various fields

Binh Tran and Eddie Thai, co-founders & general partners of Ascend Vietnam Ventures Binh Tran and Eddie Thai, co-founders & general partners of Ascend Vietnam Ventures, have been investing together in Vietnam since 2015 and have backed home-grown international successes such as NFT gaming unicorn Axie Infinity, AI-driven edtech ELSA, and financial inclusion fintech Trusting Social. With AVV Alpha, the team has increased their investments in startups in Vietnam, seeding up to $2 million into 25 startups by next year and following on with checks of up to $5 million. “The likes of Axie Infinity, ELSA, and Trusting Social are by no means isolated successes,” said Binh Tran. “Vietnam’s dynamism, accessibility, low cost of living, as well as abundant quality engineering talent attract many founders. On top of that, many tech solutions built here can address similar challenges and customer behaviours in other emerging markets worldwide. Vietnam will continue to be seen as … [Read more...] about Ascend Vietnam Ventures surpasses $50 million target

Ascend Vietnam Ventures has exceeded its US$50 million target for its flagship early-stage venture capital fund, AVV Alpha. Ascend Vietnam Ventures (AVV), the fund led by Binh Tran and Eddie Thai, is seeking the next wave of globally iconic startups emerging from Vietnam. Eddie Thai is speaking at a growth event for founders. Photos: AVV The team has increased its investments in startups in Vietnam, seeding up to US$2 million into 25 startups next year and following on with checks of up to $5 million. With the new fund, AVV has been exploring a broad range of tech opportunities including those in financial inclusion, education, and future of work. AVV Alpha is backed by a mix of investors from Asia, Europe, and the US, including development finance institutions, funds, corporate VCs, and high-net-worth individuals from leading local and regional companies. It has picked ten startups in the past nine months, including Kilo (SaaS & wholesale … [Read more...] about Ascend Vietnam Ventures seeks building global startups in Vietnam

Vietnam to welcome global blockchain extravaganza, Photo Shutterstock On July 11-12, the 10th Global Blockchain Congress will take place in Hanoi, hosted by Agora Group in collaboration with V2B Labs and D.lion under the auspices of the Vietnam Digital Communications Association (VCDA). The congress aims at connecting businesses and promoting the development of blockchain and technology worldwide. Agora Group, a live events and media firm based in the United Arab Emirates, has successfully hosted the event for nine consecutive years. The conference this year is a bridge to help participating projects successfully raise millions of dollars from investment funds, and this edition is also an opportunity for Vietnam to approach the world’s leading experts in blockchain technology to share the huge resources that countries have worked hard to build. Apart from the co-host and strategic partners, the event will also see the presence of notable sponsors from all around the world … [Read more...] about Vietnam to welcome global blockchain extravaganza