? South Korea’s FSS found 70% of local crypto exchanges fail to return user funds upon closure. Stricter regulations are being developed to protect users in the $BTC market. #Crypto #Regulation
Gemholic project in the #zkSync Era accused of a $3.5M rug pull, withdrawing 921 ETH after fixing a smart contract issue. @SolidProof_io faces criticism for failing to address the fraud. #CryptoScam
In 2022, the sports industry generated $403B, projected to hit $680B by 2028. Despite this, 78% of athletes face financial struggles post-retirement. Web3 offers solutions via NFTs and tokenized contracts. #Web3 #SportsEconomy
AI avatars are revolutionizing #web3gaming by enhancing player liquidity and engagement. With only 7.9% of games having 1,000+ users, AI ensures balanced competitions and new monetization for studios. #AI
Ripple CTO David Schwartz defends Craig Wright’s right to claim he’s Satoshi Nakamoto, stressing it’s protected speech but warns financial gain under false claims is fraud. #CryptoLaw #Bitcoin
Hackers are escalating attacks in 2024, with RansomHub breaching Christie’s & Frontier Communications. ShinyHunters exposed data on 560M users from Banco Santander & Ticketmaster. #CyberSecurity #DataBreach
? Major boost for blockchain! 26 crypto projects secure $208M in June. Leading were Avail with $43M & M^ZERO with $35M. GameFi also shines with $20M for @TheSandboxGame. #Crypto #Blockchain
Donald Trump aims to be the “Crypto President,” raising $12M in SF alongside @DavidSacks and @chamath. He pledges to pardon Silk Road’s Ross Ulbricht, boosting crypto reform. #CryptoNews #Bitcoin
Bloomberg ETF analyst James Seyffart calls for FOIA requests into @SECGov’s approval of spot $ETH ETFs, suggesting political motives. He urges transparency from SEC Chair Gary Gensler. #Crypto #Ethereum
dWallet has integrated with @Aptos_Network to enable native $BTC and $ETH transactions, enhancing DeFi and web3 gaming with Zero Trust Protocols. #Blockchain #CryptoNews
In May 2024, cybercriminals stole $575M in cryptocurrency, a 666% increase from April, highlighting a shift to phishing and private key theft. #Crypto #CyberSecurity
Bitfinex analysts predict Bitcoin ($BTC) could peak at $120K in Q4 2024, driven by post-halving trends and a strong MVRV ratio of 2.56. #CryptoUpdates #Bitcoin
? Hong Kong’s HKMA warns against unregulated crypto exchange KuCoin for falsely claiming regulation, demanding payments to recover frozen funds, and issuing fraudulent documents. #Crypto #Regulation
Norway recovers $5.7M of stolen crypto from the Ronin bridge hack on Axie Infinity. 85% will go to the Axie Infinity treasury. Collaboration with @FBI and @chainalysis highlights cybercrime fight. #Cybersecurity #CryptoNews
