2023-03-31

🛫😱 NFTs Take Flight & Do Kwon in Chains

March 31, 2023

GM DailyCoiners!

We are back this morning with the lowdown on what is happening in the world of crypto.

Like the power boost in Sonic Frontiers, blasting you through crypto cyberspace!

So hold on tight, and let's get into:

NFTs Take Flight ✈️
Justin Sun's Tumble 🍌
Do Kwon's "1st Class" Accommodations ☠️

NFTs Take Off with Argentinian Airlines

Flybondi is really going places with this new NFT initiative. (Excuse me; I can't resist a good pun!)A partnership between TravelX and Flybondi in Argentina will allow tickets to be sold as NFTs on the Algorand blockchain.The introduction of NFTicket technology marks a key turning point for the airline industry. TravelX is in discussions with more than 60 airlines worldwide about using the tech.The days of collecting stamps on your passport may soon be over! NFTs, here we come! 🧳

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The Sun Sets on Justin's Diplomatic Immunity

According to reports, Tron founder Justin Sun was stripped of his diplomatic status last year. 😱In 2021, Grenada appointed Sun as the nation's ambassador to the World Trade Organization to help promote trade, investment, and development prospects for the country.Since then, Sun has referred to himself in public, including on Twitter, as His Excellency (H.E.).

Sun still hasn't made any changes to his social media.But the tea continues…🍵Last week, the SEC sued him for fraud and securities violations.Accusations include market manipulation and extensive wash trading of Tron's TRX token.From Grenadian Ambassador to Wolf of Wall Street in less than a year...

Do Kwon in for a Long Year at Montenegro's Notorious Jail

Do Kwon, the Terra Luna founder, is currently being held in a jail in Montenegro while he awaits possible forgery charges.But the conditions are far from "ideal."🐀Reports from 2020 describe deplorable overcrowding and harsh abuse by staff in Montenegrin prisons. With 10 to 11 people in an 85 square foot room, and usually, no bed.🏰Not much has changed since then...His criminal defense lawyer has stated it'll be "at least a year" before extradition agreements can be made.Kwon will first be tried in Montenegrin court for his criminal charges there, and this could take around four to five months. The prosecutor handling Kwon's case told reporters that Montenegro intends to indict him within a month.Our thoughts? Send him on a prison tour world tour for the next 100 years!