Korean regulators look into banks linked to $6.5B Kimchi premium
South Korean financial watchdogs are investigating the enormous quantity of money sent outside from cryptocurrency exchanges. Investigations are being conducted into South Korean banks’ possible complicity in the $6.5 billion in shady international transfers that have been linked to businesses that deal in cryptocurrency arbitrage . The Financial Supervisory Service (FSS) reportedly authorized a probe […]
United Nations agency criticizes the use of cryptocurrencies
According to UNCTAD, stablecoins and cryptocurrencies are unstable financial assets that could worsen the situation for emerging economies. The impact of cryptocurrencies should be kept to a minimum in developing countries, according to the United Nations Conference on Trade and Development (UNCTAD). The organization claims that digital assets are unreliable financial instruments that could further […]
Monero uses hard fork to enhance privacy and security features
Despite government attacks on anonymity tools, Monero undertook a hard fork to become more private and secure. On August 13, Monero, one of the ecosystem’s most significant privacy protocols, carried out a protocol update to enhance a number of the network’s privacy and security features. Almost 4 months after it was announced, the hard fork […]
NFT games have advantage over traditional games: Urvit Goel
As gaming producers start to make more of their products available for play on the blockchain, NFT gaming business models may prove to be an appealing innovation. According to Urvit Goel, vice president of global business development for gaming at Polygon, games that use nonfungible tokens (NFT) have an inherent advantage over conventional games that […]
Scaramucci identifies key reasons why crypto market will rebound
Scaramucci is optimistic about the future of the crypto sector but warns investors against trading emotionally and reacting to unfavorable news. Anthony Scaramucci attributed his future optimism to the Merge, improving macroindicators like declining inflation, significant corporate alliances, and surging crypto prices. Anthony Scaramucci, the founder and managing partner of Skybridge Capital, is upbeat about […]