The recent legal troubles of Kim Nam-guk, a former member of the South Korean National Assembly and a representative of the Democratic Party, have sparked significant discussion around the ethical implications of cryptocurrency in politics and the challenges of effective regulation. Kim stands accused of not only failing to properly disclose his substantial cryptocurrency holdings
Crypto
As we approach the conclusion of 2024, the crypto industry finds itself grappling with an alarming surge in cybercrime. A recently published report by Cyvers, a cybersecurity firm specializing in web3 solutions, sheds light on the significant financial impact of these malicious activities. This comprehensive Security, Fraud, and Compliance Report reveals that the crypto ecosystem
The growing interest in cryptocurrency has not seamlessly translated into adoption among institutions. A recent survey conducted by P2P.org sheds light on the compelling challenges institutions face as they attempt to navigate the complex terrain of crypto adoption. These challenges range from aligning new crypto yield products with existing risk management frameworks to compliance intricacies
Ripple’s native cryptocurrency, XRP, has found itself in a precarious position following a turbulent market-wide downturn. Just a few days ago, XRP’s price soared to a high of over $2.7 as excitement built around the anticipated launch of Ripple’s stablecoin. This surge marked a hopeful beginning for investors, as it appeared that XRP was poised
The automotive sector has witnessed rapid transformations over recent years, and companies are constantly seeking innovative avenues to bolster their revenue streams. Cango Inc., a Shanghai-based car dealership, has adopted a bold strategy by transitioning into the arena of Bitcoin (BTC) mining. Their recent acquisition, valued at a staggering $256 million, amounts to 32 exahashes
CyberKongz, an innovative player in the NFT gaming space, is facing potential regulatory hurdles that could impact its operations and the broader landscape of blockchain gaming. The issuance of a Wells Notice from the U.S. Securities and Exchange Commission (SEC) has raised significant questions about the project’s future and the regulatory status of its ERC-20
The cryptocurrency market is a paradigm of volatility, often reflecting the whims of investors in tandem with technological advancements. Notably, the year 2024 experienced a remarkable uptick in coin prices, indicative of renewed investor interest. However, a deeper dig into user metrics reveals a disconcerting trend—while market values soared, on-chain user engagement did not follow
The world of cryptocurrency recently experienced a tumultuous week marked by extreme fluctuations in Bitcoin’s price. Starting at an astonishing $100,000 on a Saturday, it soared to a staggering $108,000 by Tuesday, only to crash down by $16,000 to a worrying low of $92,000 due to the Federal Reserve’s unexpectedly hawkish projections for 2025. As
In an age where information drives market fluctuations and public opinion, the hacking incident involving Vivek Ramaswamy’s X account has drawn significant attention to the vulnerabilities faced by both individuals and institutions in the digital landscape. Leadership in the newly established Department of Government Efficiency (D.O.G.E.) was thrust into the spotlight not just by its
The cryptocurrency market, often perceived as a land of endless opportunities, has recently experienced a sharp reminder of its inherent volatility. This past week, the capital valuation of this market dropped by an astounding $300 billion, demonstrating how quickly fortunes can shift in this unpredictable sphere. While there were moments of optimism, illustrated by Bitcoin