A recent survey conducted by the newspaper Segye Ilbo, in collaboration with the research firm Embrain, has shed light on the South Korean population’s perception of cryptocurrencies. The survey found that a staggering 80% of citizens consider crypto investments to be a form of “gambling.” This perception is primarily driven by the lack of real-world
Blockchain
Crypto-backed investment funds experienced minor outflows amounting to $11.2 million last week, marking the third consecutive week of outflows from the sector. This trend is concerning for investors and further highlights the volatility and uncertainty surrounding cryptocurrency investments. The overall outflows were primarily driven by significant outflows from altcoin-backed funds, particularly those backed by Polygon’s
Blockchain security firms Peckshield and Cyvers have recently uncovered a series of suspicious transactions involving wallets connected to the popular crypto casino, Stake. The discovery has sent shockwaves through the digital asset community, raising concerns of a potential rugpull in the market. Upon careful analysis of the Etherscan data, it was revealed that wallet 0x3130662aece32F05753D00A7B95C0444150BCd3C
During the Intersekt Fintech conference in Melbourne, Ben Rose, General Manager of Binance Australia, expressed confidence in the ability of Australian regulators to make informed decisions on digital asset regulations. This optimism stands in contrast to the recent challenges and regulatory scrutiny faced by Binance Australia. In May, Binance Australia was abruptly disconnected from its
The recent surge in Web 3 platforms has been accompanied by a worrying trend of security breaches and financial losses. According to a report by Immunefi, these platforms have already lost over $1.2 billion in hacks and rug pulls since the beginning of this year. In this article, we will analyze the data provided by
South Korean prosecutors are seeking to arrest Ahn Seong-hyun, a former professional golfer, and Lee Sang-jun, the CEO of Bithumb Holdings, one of the leading crypto exchanges in the country. The Financial Investigation Department of the Seoul Southern District Prosecutors’ Office has requested the arrest of the two individuals on suspicion of listing tokens on
In a surprising move, the social media giant X, formerly known as Twitter, has made a groundbreaking announcement. X has obtained a regulatory license that allows it to process cryptocurrency payments in the United States. This new development marks a significant shift in the platform’s focus and opens up a world of possibilities for its
Decred’s latest release of Bison Relay, version 0.1.8, marks a significant milestone in reshaping the landscape of decentralized e-commerce. This groundbreaking platform, often compared to a decentralized version of “Shopify,” empowers users and revolutionizes online retail dynamics. The update introduces innovative features like client-side filtering, enhanced client backups, and the introduction of pages. By embracing
The Brazilian football legend Ronaldinho has found himself in hot water after failing to appear at a parliamentary hearing regarding his alleged involvement in crypto pyramids. The Brazilian Chamber of Deputies’ Financial Pyramids Committee had summoned Ronaldinho on Thursday, August 24, but he failed to show up. This has raised concerns among lawmakers, who have
In the first debate for the 2024 U.S. Republican presidential nomination, the focus was meant to be on shifting attention away from former President Donald Trump. However, a newcomer to politics, Vivek Ramaswamy, managed to steal the spotlight. This article analyzes the changing dynamics of the Republican race and explores how Ramaswamy has emerged as
