A recent survey conducted by South Korean newspaper Segye Ilbo, in collaboration with research firm Embrain, revealed that a significant majority of citizens in South Korea view cryptocurrency as a form of gambling. The survey, which included 1,000 participants nationwide, took place from August 3 to August 8, 2024. According to the findings, approximately 80%
Blockchain
Last week, crypto-backed investment funds experienced minor outflows amounting to $11.2 million. This marks the third consecutive week of outflows from the sector, indicating a potential lack of confidence in the market. CoinShares, a crypto investment and research firm, provided data highlighting the main contributors to these outflows, including altcoin-backed funds and Ethereum (ETH) funds.
Blockchain security firms Peckshield and Cyvers have recently uncovered suspicious transactions involving wallets connected to the popular crypto casino, Stake. These transactions have raised concerns across the digital asset community as many speculate that this could be the latest case of a rugpull, causing prices to plummet. Etherscan data reveals that wallet 0x3130662aece32F05753D00A7B95C0444150BCd3C received approximately
Australia’s cryptocurrency industry has recently faced challenges and regulatory scrutiny, particularly with regards to digital asset regulations. However, Ben Rose, the General Manager of Binance Australia, expressed confidence in Australian regulators’ ability to make informed decisions in this rapidly evolving field. This article will explore the current state of cryptocurrency regulations in Australia and the
Web 3 platforms are currently facing significant challenges, with billions of dollars being lost to hacks and rug pulls. According to a recent report from Immunefi, a web3 bug bounty platform, these platforms have lost over $1.2 billion in 211 separate incidents this year alone. The month of August saw a surge in losses, particularly
South Korean prosecutors have recently made a significant move by requesting the arrest of Ahn Seong-hyun, a former professional golfer, and Lee Sang-jun, the CEO of Bithumb Holdings. The suspects are alleged to have engaged in listing tokens on the Bithumb exchange in exchange for bribes. This case has the potential to shake the crypto
The social media landscape is constantly evolving, and one platform that has been making waves recently is X. Formerly known as Twitter, X has been grabbing headlines with its innovative approach to digital interactions. In a groundbreaking move, X has obtained a regulatory license that allows it to process cryptocurrency payments in the United States.
On August 29th, Decred (DCR/USD) unveiled the latest version of Bison Relay, v0.1.8, which revolutionizes the decentralized e-commerce landscape. This game-changing support system offers a decentralized alternative to traditional platforms like Shopify, empowering users and reshaping the dynamics of online retail. One of the key features of Bison Relay v0.1.8 is its embrace of decentralization,
One of Brazil’s most famous football icons, Ronaldinho, has found himself at the center of a controversy surrounding his alleged involvement in crypto pyramids. The former Barcelona star and Brazilian national team player failed to appear at a parliamentary hearing on Thursday, August 24, resulting in a summons being issued by the Brazilian Chamber of
In the first debate for the 2024 U.S. Republican presidential nomination, the candidates sought to divert focus from former President Donald Trump. However, one unexpected figure stole much of the spotlight – Vivek Ramaswamy, a newcomer to the political arena. While Trump and Florida Gov. Ron DeSantis have been prominent figures in the race, their