South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust. The broadcaster KBS reported that the arrests were carried out by the Seoul Metropolitan Police Agency’s Drug Crime Investigation. The suspects were charged with violating the Narcotics Control Act. Police said the suspects were thought to have bought […]
Researchers at San Diego State University have developed an artificial intelligence (AI) system to detect and expose cryptocurrency giveaway scams on Twitter. Dubbed GiveawayScamHunter, the automated system has identified a staggering 95,111 scam lists created by 87,617 accounts on the social media platform between June 2022 and June 2023. By using GiveawayScamHunter, the researchers were able to extract website and […]
In a recent statement, Ethereum founder Vitalik Buterin expressed his concerns and sympathy for how Solana, a popular blockchain platform, is being treated by U.S. regulators. Buterin acknowledged feeling “bad” about the situation, highlighting the challenges faced by innovative projects in navigating regulatory frameworks. Buterin’s empathy stems from his own experiences in building Ethereum, which […]
The market share of digital currency or cryptocurrency in Indonesia is increasingly attractive. At the end of June 2023, the Futures and Commodity Trading Supervisory Agency (Bappebti) issued the latest regulations regarding crypto asset trading in Indonesia. In this regulation there is a new list of crypto assets that are legal and may be legally […]
Tesla founder and CEO, Elon Musk is facing a lawsuit of USD 258 billion or the equivalent of IDR 3,853 trillion (assuming exchange rate of IDR 14,935 per US dollar) over the alleged Dogecoin pyramid scheme. The court case claims Musk was part of a blackmail scheme to back cryptocurrencies. According to court filings filed […]
Do Kwon, the Terraform Labs founder and CEO, has told a Montenegro court that he did not know the “fake” travel documents he was allegedly trying to leave the country with were forged – and blamed a “Chinese-named agency.” Per the South Korean media outlets Segye Ilbo and MBN, Kwon told a District Court in Podgorica, Montenegro, that he had received all […]
Ukrainian regulators are prepared to start taxing crypto gains at 18% from 2024, with lawmakers set to vote on proposals this fall. Per Forbes Ukraine, the National Commission for Securities and the Stock Market is set to unveil a draft law, which will be set before lawmakers at the next parliamentary session. The market regulator’s proposals include creating a […]
The Belgian arm of the French fast food chain Black & White Burger has announced that all its stores in the nation will accept crypto payments. Per the media outlets L’Echo and L’Avenir, the chain also says it has created a “mystery burger,” which will only be made available to customers paying in crypto. The chain has partnered with a French […]
Aave’s Lens Protocol, a social layer for web3, has raised $15 million in funding to develop decentralized blockchain-backed social media. According to a June 8 blog post, IDEO CoLab Ventures led the funding round alongside other VCs, such as General Catalyst, Variant, Blockchain Capital, and Palm Tree. Other prominent venture capitals, including A. Capital, Seed Club Ventures, Robot Ventures, […]
Crypto is the Most Common Investment for Generation Z Even though it’s Risky, here’s the explanation
Generation Z, comprising individuals born between the mid-1990s and early 2010s, has shown a significant interest in cryptocurrencies as an investment option. Despite the risks associated with cryptocurrencies, this generation has embraced the digital asset class in large numbers. In the following ten paragraphs, I will explain why cryptocurrencies have become a common investment choice […]