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The creators of the UST stablecoin are being prosecuted for The creators of the UST stablecoin are being prosecuted for

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The creators of the UST stablecoin are being prosecuted for organizing a financial pyramid

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The South Korean prosecutor’s office will check the Terra project for signs of a financial pyramid, local Yonhap news agency writes, citing sources. Law enforcement officers are studying whether they can initiate a criminal case against Anchor Protocolwhich offered TerraUSD holders 20% per annum.

The creators of the UST stablecoin are being prosecuted for organizing a financial pyramid

Information about the investigation came a day after lawyers announced plans to sue Terra CEO Do Kwon. South Korean law firm LKB & Partners plans to seize the property of the head of the project.

It turned out that the founders decided to close the company at a meeting of shareholders on April 30th. A few days before the fall of the coin itself.

It also turned out that the Binance exchange lost more than a billion dollars due to the collapse of the Terra ecosystem.

In 2018, the exchange invested $3 million in the project, for which it received 15 million LUNA tokens. When LUNA reached its all-time high value in early April, Binance’s investment was valued at $1.6 billion, according to Fortune’s sources.

At the same time, the founder of the exchange, Changpeng Zhao, is not very enthusiastic about the refund plan – he does not believe that Do Kwon will be able to effectively eliminate the consequences of what happened, because. Luna Foundation Guard’s reserves are nearly depleted in an attempt to maintain UST parity against the dollar. And although the losses of his company exceed the $1.5 billion mark, Zhao noted that traders and investors should receive compensation first of all.

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Electric Cars

Official: Huawei will unveil its second car on July 4th. Hybrid Aito M7 debuts on the same day as nova 10 smartphones

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Official Huawei will unveil its second car on July 4th

Previously, Huawei announced that the official premiere of the nova 10 series smartphones would take place on July 4, and now it has become known that the company will also introduce its second car, the Aito M7, on the same day. With one shot, Huawei will kill two birds with one stone, however, they say that this day there will be much more new products.

Official: Huawei will unveil its second car on July 4th.  Hybrid Aito M7 debuts on the same day as nova 10 smartphones

Aito M7 is a hybrid crossover. In terms of dimensions, it will be noticeably larger than Huawei’s first car, the Aito M5 hybrid crossover. The company has released several new teasers that suggest the Aito M7 will be positioned as a large family travel car.

Official: Huawei will unveil its second car on July 4th.  Hybrid Aito M7 debuts on the same day as nova 10 smartphones

Official details will be revealed on July 4, but it is already known that the car is designed for six, and its dimensions are 5020 x 1945 x 1775 mm with a wheelbase of 2820 mm.

Official: Huawei will unveil its second car on July 4th.  Hybrid Aito M7 debuts on the same day as nova 10 smartphones

The capacity of the traction battery will be approximately 40 kWh – on pure electricity, the crossover will be able to travel about 150 km, and the average fuel consumption will be about 7 liters per 100 km. There will be no lack of power: a 177 hp electric motor mounted on the front axle will be combined with a 272 hp engine. on the rear axle.

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Components

The power consumption of the Radeon RX 7000 series graphics cards will not be as huge as that of the GeForce RTX 40

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The power consumption of the Radeon RX 7000 series graphics

Rumors are actively attributing huge power consumption up to 600 W and even higher to GeForce RTX 40 video cards. Radeon RX 7000 cards will also consume more than the current generation.

The power consumption of the Radeon RX 7000 series graphics cards will not be as huge as that of the GeForce RTX 40

AMD Senior Vice President Sam Naffziger revealed some details about the RDNA 3 architecture and products based on it. He also touched upon the topic of energy consumption.

The demand for gaming and computing performance is increasing, while at the same time the development of technical processes is slowing down quite sharply. Thus, the power level will only increase. We now have a multi-year roadmap with very significant energy efficiency improvements to offset this curve, but the trend is there.

Performance is critical, but even if our designs are more energy efficient, that doesn’t mean we won’t raise power levels if competitors are doing the same. They’ll just have to raise them much higher than us.

Thus, the Radeon RX 7000 line, despite the previously stated 50 percent advantage (over the RX 6000) in power efficiency, will stand out for its high power consumption simply because of the huge performance boost. At the same time, AMD is confident that Nvidia will have to increase power consumption even higher.

For now, the RX 6000 line is more power efficient than the GeForce RTX 30, although the difference isn’t huge. Previously, there were rumors that the top-end RX 7900 XT will consume 450 watts versus 600 watts in the case of the RTX 4090, but so far these are just rumors.

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Airbus to open its own research center in China

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Airbus to open its own research center in China

Airbus will set up its own research center in the Chinese city of Suzhou (eastern Jiangsu province). The corresponding agreement was signed the day before with the Suzhou Industrial Park.

Airbus to open its own research center in China

The opening of the research center is aimed at promoting Airbus’ long-term cooperation with China, as well as strengthening the company’s presence in the local market. Its task will include conducting research in the field of advanced technologies such as hydrogen energy and advanced manufacturing, as well as modernizing the aviation industry through digitalization and artificial intelligence. It is scheduled to start operating in 2023.

Airbus also said the company aims to develop the world’s first zero-emission commercial aircraft by 2035. This project is in line with China’s goal of achieving carbon neutrality by 2060.

As noted, the Airbus production scheme in China covers the entire chain – from the purchase of raw materials to the creation of small components and the assembly of large ones – for many of the company’s aircraft, including the Airbus A220, A320, A330 and A350 models.

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