Korea Blockchain Week 2023: Where visionaries and innovators converge

Related articles

• The dangerous consequences of China’s absence at G20

  TL;DR Breakdown China’s President Xi Jinping chooses not to attend the upcoming G20 summit in India. The move can be seen as a strategic sidestep or a snub, causing ripples in global diplomacy. Historically, the country has never missed a G20 summit, making this absence significant. Description China’s unexpected decision to sidestep the upcoming G20 summit in India sets off alarms for geopolitical pundits. Is this merely a snub or a deeper indicator of Beijing’s waning interest in global economic cooperation? Rising Tensions and Uncertainty in the Global Arena When Western officials learned that President Xi Jinping wouldn’t grace the G20 summit … Read more China’s unexpected decision to sidestep the upcoming G20 summit in India sets off alarms for geopolitical pundits. Is this merely a snub or a deeper indicator of Beijing’s waning interest in global economic cooperation? Rising Tensions and Uncertainty in the Global Arena When Western officials learned that President Xi Jinping wouldn’t grace the G20 summit with his presence, it felt like the culmination of a year’s worth of resistance from China. Instead, they’ll be dealing…

  Article 2023年9月2日

• Crypto firm closes doors, blames US regulatory environment

  TL;DR Breakdown Unbanked, a cryptocurrency fintech firm has announced its decision to shut down operations due to the challenging US regulatory environment. According to the co-founders, US regulators are actively impeding companies, including banks and fintech, from supporting crypto assets. The firm had been anticipating a $5 million funding injection that would have allowed it to continue operations and expand. Unbanked, a cryptocurrency fintech firm specializing in crypto custody and payments services, has recently announced its decision to shut down operations due to the challenging regulatory environment for cryptocurrencies in the United States. In a blog post on May 26, Unbanked’s co-founders, Ian Kane, and Daniel Gouldman, expressed their disappointment in the regulatory landscape that hindered their growth and sustainability. When Unbanked initially launched, it believed that establishing its presence in the United States would be advantageous in the long term. They aimed to engage with regulators and comply with the stringent regulatory processes, expecting it would position them favorably in the industry. However, after five years of operation, the company found that this approach led to wasted time and…

  Article 2023年5月28日

• Crypto payment platform Alphapo breached, over $23M in crypto vanishes

  TL;DR Breakdown Alphapo, a crypto payment platform, has been hacked and drained of $23 million in Bitcoin, Ethereum, and Tron Alphapo client HypeDrop disables withdrawals Description Alphapo, a crypto payment platform, has been hacked and drained of $23 million in Bitcoin, Ethereum, and Tron. ZachXBT, a crypto analyst, identified and reported the loss from the platform’s hot wallets today. The attackers executed a complex attack on Alphapo’s hot wallets, giving them control over the user funds on numerous blockchains without authorization. … Read more Alphapo, a crypto payment platform, has been hacked and drained of $23 million in Bitcoin, Ethereum, and Tron. ZachXBT, a crypto analyst, identified and reported the loss from the platform’s hot wallets today. The attackers executed a complex attack on Alphapo’s hot wallets, giving them control over the user funds on numerous blockchains without authorization. ZachXBT explains that it was difficult to track the transactions since the stolen money was transferred to Ethereum and bridged to the Avalanche network and Bitcoin. Alphapo client HypeDrop disables withdrawals Alphapo processes payment for gambling services, such as Bovada, Ignition,…

  Article 2023年7月23日

• U.S. banks are calling social media a nightmare – Why?

  TL;DR Breakdown The collapse of Silicon Valley Bank (SVB) due to social media rumors has prompted U.S. banks to reassess the risks associated with social media. Banks are integrating social media into their risk management plans, focusing on immediate responses to customer complaints and countering online misinformation. In the digital age, American banks are grappling with a fresh menace – social media. A Twitter-fueled bank run that led to the demise of Silicon Valley Bank (SVB) two months ago has sent tremors through the industry, pushing banking executives to devise robust strategies against similar cyber threats. Contents hide 1 Turning point: Silicon Valley Bank 2 Adapting to a new risk environment 3 Community engagement: A buffer against misinformation 4 Regulatory scrutiny and the way forward Turning point: Silicon Valley Bank SVB’s collapse has been a turning point for U.S. financial institutions, showcasing how a ripple of online concern can morph into a tsunami of fear, affecting deposit withdrawals and stock market stability. The unprecedented incident saw depositors yanking out $1 million per second from SVB, leading to its downfall within…

  Article 2023年5月19日

• McCarthy’s next task is to pitch debt deal in Congress

  TL;DR Breakdown Following the tentative agreement with the White House on the U.S. debt ceiling, Kevin McCarthy faces the challenge of securing approval for the deal in the House of Representatives. The political balance is delicate, requiring bipartisan support from moderate representatives and senators. However, any compromises risk alienating the far-left and far-right party factions. The deal includes a suspension of the debt ceiling until January 2025 and caps on spending and cuts to government programs. Following the grueling negotiation process that resulted in a tentative agreement with the White House regarding the U.S. debt ceiling, House Speaker Kevin McCarthy now faces a new test: rallying approval for the deal in the House of Representatives. This is a body known for its fractional divisions, where both staunch Republicans and progressive Democrats could potentially reject the agreement. McCarthy, embroiled in this high-stakes fiscal debate, finds himself walking a tightrope. With the imminent risk of a U.S. default on June 5 that could precipitate a deep recession and financial market turmoil, swift action is crucial. McCarthy’s bipartisan balancing act The political landscape…

  Article 2023年5月31日