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
Opeyemi’s foray into the cryptocurrency world may not have been his initial goal, but it has blossomed into a fervent passion that has consumed his life for over two years. Originally drawn into this dynamic field, he has cultivated a remarkable understanding of the digital asset landscape, which has now become the focal point of
Semilore Faleti stands out in the expansive landscape of cryptocurrency journalism, distinguished not just by his literary prowess but also by his dedication to elucidating complex digital topics. Initially a versatile writer dabbling in various subjects, Semilore’s journey took a decisive turn when he discovered his affinity for the captivating world of cryptocurrencies and blockchains.
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,
Ethereum has been navigating through tumultuous waters recently, characterized by significant price fluctuations and heavy selling pressure. This situation arose primarily because the cryptocurrency struggled to surpass the yearly highs established in early December. Traders and investors alike are left grappling with uncertainty as Ethereum continues its consolidation below crucial resistance levels. While the market
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
As of December 21, 2024, Bitcoin’s value stands at approximately $98,600, reflecting a noticeable 3.4% recovery from prior day’s closing price. This increase, however, is juxtaposed with a turbulent week where Bitcoin dipped beneath crucial support thresholds. The dynamic price movements have not only impacted Bitcoin itself but triggered an atmosphere of anxiety throughout the
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