Blockchain

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South Korean prosecutors are pushing for an eight-year sentence for Lee Jung-hoon, the former chairman of crypto exchange platform Bithumb, for an alleged $70 million fraud. According to a report by the local media outlet Yonhap, prosecutors alleged that Lee had defrauded Kim Byung Gun, the chairman of Singapore-based BK Group, in a failed attempt to acquire Bithumb earlier in 2018. The Genesis As per the report, Lee convinced Kim to issue Bithumb Coin (BXA) via the BK...

[PRESS RELEASE – Please Read Disclaimer] SPACE KILL, the first multiplayer real-time matching party game on the BSC chain, announced the completion of the seed round of financing. More than 10 institutions including UpHonest Capital, Welight Capital, ARPA, TKX Capital, Nihil Ventures, Spike Solution participated in the investment. Additionally, this is the first fund of Uphonest’s fund in web3 gaming investment. The specific investment amount has not yet been revealed. The...

The new NFT custody platform from Seba Bank is designed to let users securely store their NFTs without having to deal with managing their own private keys.Seba Bank has launched its first NFT service, an institutional-grade, certified, and independently audited hot and cold storage custody product for blue-chip NFTs.The new service will now enable the Swiss bank’s retail and institutional clients to store tokens of Ethereum-based NFT collections including Bored Apes and CryptoPunks in the...

The power tussle between the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over regulatory oversight of the crypto market continues to confuse investors about which rules to follow.  In line with the turf war conflict between the two market watchdogs, CFTC chairman Rostin Behnam has reiterated that Bitcoin (BTC) and Ethereum (ETH) are commodities, not securities.  Behnam Says Ether is Commodity Despite PoS...

2022 is a year that saw a lot of chatter on layer-one protocols such as Ethereum, Solana, the BNB Smart Chain, Avalanche, and many others. The astronomic rise of non-fungible tokens (NFTs) revealed that most of the blockchains were unable to handle the load that comes with some form of mainstream adoption. Before Ethereum transitioned to Proof-of-Stake (read: The Merge), the network was oftentimes clogged, and transaction fees were unimaginably high. In fact, this prompted...

Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.According to reports, Lee Jung-hoon, the de facto owner of the South Korean bitcoin exchange Bithumb, is now facing an 8-year jail sentence.The owner who is also a former chairman of Bithumb Holdings is accused of committing a large-scale fraud worth around 100 billion won ($70 million). Lee was indicted by South Korean prosecutors in July 2021...

For the World Cup event that will start on November 20 in Qatar, FIFA has named Crypto.com as its official exchange partner while Algorand, a Proof-of-Stake (PoS) blockchain protocol, has been tapped as a blockchain partner for the event.With the FIFA World Cup less than a month away, the fan tokens of National Football teams have been recording a massive slump, signifying sentiments for the countries who have these tokens and will be participating in the Mundial.According to data from the...

BR Folge 1: Bitcoin · Die große Verheißung (S01/E01) Nach dem ZDF hat nun auch der Bayrische Rundfunk eine Bitcoin-Serie gestartet. Natürlich greift auch der BR tief in die Klischee-Mottenkiste und zeigt dunkle Männer mit Hüten und macht auf Energiefresser. Aber immerhin wird die Blockchain-Technologie erklärt. Das ist doch schon mal was… Unser Geld wird durch Inflation entwertet, unser Vertrauen durch Banken missbraucht, Milliarden Menschen vom...

Wer in Kryptowährungen investiert, kann schnell reich werden, heißt es. Und Kryptowährung soll uns mehr Macht über unser Vermögen geben, ohne den Einfluss von Banken. In einer Zeit, in der die Inflation die Stabilität vieler Währungen in Frage stellt. ZDF hat eine Mini-Doku zum Thema Geld und Bitcoin publiziert. Auch wenn leider alte Hackersymbolik (Hacker mit Hoodie usw.) verwendet wird, ist diese Kurzdoku doch relativ gut geworden. ...