Cryptocurrency scams are on the rise, especially in South Korea, where scammers are targeting unsuspecting users on chat apps. The police have issued a warning about these scams, urging the public to be cautious when engaging in trading- and investment-themed channels. In recent months, the Sejong South Police Station has received numerous reports from citizens
Blockchain
Recent survey results from Australian-based crypto exchange, Independent Reserve, indicate a significant increase in Bitcoin sentiment in Australia following the approval of spot Bitcoin exchange-traded funds in the United States. The survey, conducted among 2,100 adult Australians, showed a 25% boost in Bitcoin sentiment post-ETF approval, with overall crypto ownership increasing to 27.5%. However, despite
In a recent development in Incheon, South Korea, police have confirmed the arrest of six suspected over-the-counter (OTC) crypto scammers on February 20. The suspects, all aged between 20 and 39, are accused of stealing approximately $747,000 in cash through a fake OTC trade. The incident took place in the Songnim District of Eastern Incheon
AltLayer, a blockchain scalability rollups platform, recently announced a successful fundraising round where they secured $14.4 million. The round was co-led by Polychain Capital and Hack VC, with the goal of expanding the team and advancing the rollup infrastructure. Other participants included OKX Ventures, HashKey Capital, Bankless Ventures, and Breyer Capital, all contributing to AltLayer’s
A Virginia Senate Committee recently put forward a recommendation for an annual combined fund allocation of $39,240 to support two newly established commissions focused on artificial intelligence (AI) and cryptocurrency. This funding proposal, presented by a Subcommittee of Virginia’s Senate Finance and Appropriations Committee, allocated over $23.6 million to various legislative departments. Among these allocations,
Lava Network, a prominent player in the blockchain industry, has recently secured an impressive $15 million in a seed funding round. The funding, co-led by Tribe Capital, Jump Capital, and Hashkey Capital, aims to propel the development of a crucial modular data access layer for web3. This article will delve into the details of Lava
Recently, an alleged vulnerability affecting the iOS version of Binance Trust Wallet made headlines when it was listed on the National Institute of Standards and Technology’s (NIST) vulnerability database. However, the CEO of Trust Wallet vehemently denied these allegations, assuring the security of Binance Trust Wallet users. In this article, we will delve deeper into
Self-proclaimed Bitcoin creator Craig Wright made a shocking admission on February 15th – he had destroyed the hard drives containing his private keys. This revelation has raised questions about the credibility of his claim, and the impact it may have on the ongoing legal battle surrounding the true founder of Bitcoin. A Misstep Under the
In a surprising revelation, Dogecoin co-founder Billy Markus recently announced that he owns a small amount of Bitcoin. On February 14, Markus, also known as Shibetoshi Nakamoto, stated on the platform X that he possesses just under 0.006 Bitcoin. As of the time of writing, his Bitcoin holdings are valued at $311.21. This disclosure came
In the recently released 2024 Crypto Crime Report by Chainalysis, a significant decrease in crypto money laundering is revealed. The report shows that there has been a drop of nearly 30% in such activities in 2023. Along with this decline, the total funds sent between illicit addresses also decreased by 14.9%. However, it is important
