The South Korean political landscape has been rocked by the legal troubles of Kim Nam-guk, a former lawmaker of the Democratic Party. Emerging allegations suggest that Kim failed to disclose significant cryptocurrency assets in his financial declarations for the years 2021 and 2022. Reports indicate that he concealed an estimated 9.9 billion won—approximately $6.8 million—in
Crypto
As 2024 comes to a close, the implications of cyber threats on the cryptocurrency sector have never been more glaring. Cyvers, a notable player in web3 security, has unveiled a detailed report outlining the extensive financial ramifications of cybercrime over the year. Shocking statistics reveal that the industry sustained losses exceeding $2.36 billion in connection
As the cryptocurrency landscape continues to evolve, so too do the strategies employed by institutions looking to embrace this innovative technology. A recent survey conducted by P2P.org—a prominent blockchain infrastructure provider—illuminates the complexities and hurdles that organizations are encountering on their journey to adopt cryptocurrency. With insights gathered from over 15 institutional players, including intermediaries,
Ripple’s XRP has found itself at the mercy of a turbulent cryptocurrency market, experiencing a substantial downturn recently. The token initially surged impressively, climbing from below $2.4 to over $2.7 thanks to the positive news surrounding the launch of its long-awaited stablecoin. This initial enthusiasm was swiftly undermined by a broader market collapse, leading to
Cango Inc., a car dealership based in Shanghai, has made headlines with its surprising pivot into Bitcoin (BTC) mining. With a hefty investment of $256 million, the company acquired an impressive hashrate of 32 exahashes per second (EH/s) from Bitmain Technologies. This transition not only underscores the dynamic nature of the cryptocurrency market but also
CyberKongz is a prominent player within the realm of gaming-based non-fungible tokens (NFTs), and its recent encounter with the U.S. Securities and Exchange Commission (SEC) raises significant questions about the regulatory landscape for digital assets. Originally launched with the intent to revolutionize how players engage with gaming and NFTs together, CyberKongz’s innovative approach has captured
The year 2024 marked a significant evolution in the crypto industry, as rising prices painted a picture of flourishing markets. However, an in-depth analysis of user activities, particularly in Flipside’s annual report, tells a contrasting story. While the bullish trends might suggest a thriving ecosystem, the on-chain user metrics reveal that growth was not uniform
In the realm of cryptocurrency, volatility is as certain as the sunrise. Recently, the market experienced a dramatic week that underscores the mercurial nature of these digital assets, particularly Bitcoin. Just days ago, Bitcoin soared to nearly $108,000, only to experience a sudden drop of $16,000, bringing its value down to around $92,000. Following a
In a striking incident that sheds light on the vulnerabilities within social media and the cryptocurrency world, hackers successfully compromised the X account of Vivek Ramaswamy, co-lead of the newly formed Department of Government Efficiency (D.O.G.E.). The ramifications of this cyber breach triggered not only a wave of misinformation but also significant market turmoil centered
The cryptocurrency market, akin to a tempestuous ocean, is characterized by its volatility and unpredictability. Despite recent optimism that may have encompassed the digital asset space, the past week served as a stark reminder of the market’s inherent fluctuations. At one point, the total market capitalization plummeted by over $300 billion, a figure that encapsulates