Former South Korean lawmaker Kim Nam-guk currently finds himself embroiled in serious legal accusations that could have far-reaching implications for the country’s approach to cryptocurrency. Allegations have surfaced claiming that Kim, a member of the Democratic Party, concealed significant assets from his financial disclosures in 2021 and 2022. Reports indicate that he omitted to declare
Crypto
On December 13, 2024, the United States Bureau of Justice culminated a significant chapter in its ongoing fight against terrorism with the conviction of Mohammed Azharuddin Chhipa, 35, a resident of Springfield, Virginia. Chhipa’s conviction is emblematic of the complex and evolving strategies that individuals and groups employ to fund terrorist organizations like the Islamic
As we approach the close of 2024, a troubling trend has emerged in the cryptocurrency industry that warrants critical examination. Cyvers, a prominent web3 security firm, has unveiled its annual Security, Fraud, and Compliance Report, shedding light on the staggering financial toll exacted by cyber threats. The total losses for the year have surpassed a
In recent weeks, the cryptocurrency landscape has been nothing short of tumultuous, and XRP, a platform designed for cross-border transactions, has borne the brunt of these fluctuations. Following a promising beginning of the week, where optimism surged due to the anticipation surrounding Ripple’s new stablecoin launch, XRP’s journey took a sharp downturn. This scenario drew
Recent insights from a comprehensive survey carried out by P2P.org shed light on pivotal challenges and emerging trends shaping the landscape of cryptocurrency adoption among institutions. The participation of over 15 significant institutional entities—including intermediaries, investment funds, and venture capital firms—provides a solid foundation for understanding their positions and strategies in the rapidly evolving crypto
Shanghai-based automotive firm Cango Inc. has made headlines with its surprising entrance into the cryptocurrency realm, specifically Bitcoin mining. This unexpected pivot highlights a growing trend among traditional businesses seeking new revenue streams in the ever-evolving digital economy. By acquiring a staggering $256 million in Bitcoin mining capacity from Bitmain Technologies, Cango has positioned itself
The digital landscape is continuously evolving as blockchain technology and non-fungible tokens (NFTs) expand across various sectors, particularly gaming. However, with innovation comes scrutiny, exemplified by the recent Wells Notice received by CyberKongz, a prominent gaming-based NFT project. Announced on December 16, this notice from the U.S. Securities and Exchange Commission (SEC) raises vital questions
The crypto industry witnessed impressive price surges in 2024, rejuvenating interest from investors and market participants alike. Yet, the significant rise in coin prices didn’t uniformly translate into increased active user participation across all blockchain networks. A recent report by Flipside highlights that despite soaring prices, many prominent chains struggled to attract new users or
Recently, the cryptocurrency landscape weathered a particularly tumultuous week, characterized by drastic fluctuations that rattled even the most seasoned investors. Bitcoin’s price showcased the market’s volatility, soaring from an impressive $100,000 on Saturday to an astonishing $108,000 by Tuesday, marking a new peak. However, this exuberance was short-lived, as the price quickly plummeted by $16,000,
Cryptocurrency markets, once regarded as bastions of unbounded potential and prosperity, have recently faced a harsh awakening. After weeks of seemingly unbroken ascension, the past seven days served as a potent reminder of the industry’s inherent volatility. The total market capitalization experienced a jarring decline of over $300 billion, primarily driven by Bitcoin’s erratic price