“We could not sleep properly for a few days,” said Jaime Zulueta, as he told Cointelegraph the story of how he and his wife dealt with losing their funds at FTX.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Inside South Korea’s wild plan to dominate the metaverse
“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode
South Korea: The land of the metaverse
If you had to pick the one country that’s most primed to take advantage of the opportunities offered by the metaverse, South Korea would be high on the list.
It’s a technology-obsessed country that eagerly adopts new products, where 98% of people own a smart device and more than 10% of the population own at least some cryptocurrency. Despite being the 13th-largest economy in the world by GDP — and the 27th by population — it’s the fourth-largest gaming market in the world, with its 33 million gamers generating $8.3 billion in revenue for the sector in 2021.
Gaming is already a metaverse-style social activity. The most popular games are either cooperative or competitive, and the country dominates esports, with thousands packing stadiums to watch professional players battle it out.
The Seoul Metaverse. (Source: Seoul Metropolitan Government)“For [Australians], our entertainment on a day-to-day basis would be watching TV or watching a movie or whatever,” says Melbourne-based Zerocap analyst Nathan Lenga, who has researched South Korea’s metaverse plans.
Inside South Korea’s wild plan to dominate the metaverse
“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode
South Korea: The land of the metaverse
If you had to pick the one country that’s most primed to take advantage of the opportunities offered by the metaverse, South Korea would be high on the list.
It’s a technology-obsessed country that eagerly adopts new products, where 98% of people own a smart device and more than 10% of the population own at least some cryptocurrency. Despite being the 13th-largest economy in the world by GDP — and the 27th by population — it’s the fourth-largest gaming market in the world, with its 33 million gamers generating $8.3 billion in revenue for the sector in 2021.
Gaming is already a metaverse-style social activity. The most popular games are either cooperative or competitive, and the country dominates esports, with thousands packing stadiums to watch professional players battle it out.
The Seoul Metaverse. (Source: Seoul Metropolitan Government)“For [Australians], our entertainment on a day-to-day basis would be watching TV or watching a movie or whatever,” says Melbourne-based Zerocap analyst Nathan Lenga, who has researched South Korea’s metaverse plans.
Inside South Korea’s wild plan to dominate the metaverse
“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode
South Korea: The land of the metaverse
If you had to pick the one country that’s most primed to take advantage of the opportunities offered by the metaverse, South Korea would be high on the list.
It’s a technology-obsessed country that eagerly adopts new products, where 98% of people own a smart device and more than 10% of the population own at least some cryptocurrency. Despite being the 13th-largest economy in the world by GDP — and the 27th by population — it’s the fourth-largest gaming market in the world, with its 33 million gamers generating $8.3 billion in revenue for the sector in 2021.
Gaming is already a metaverse-style social activity. The most popular games are either cooperative or competitive, and the country dominates esports, with thousands packing stadiums to watch professional players battle it out.
The Seoul Metaverse. (Source: Seoul Metropolitan Government)“For [Australians], our entertainment on a day-to-day basis would be watching TV or watching a movie or whatever,” says Melbourne-based Zerocap analyst Nathan Lenga, who has researched South Korea’s metaverse plans.
What are crypto payment gateways and how do they work?
Cryptocurrency payment gateways are digital currency payment processors that allow merchants to offer cryptocurrencies as a payment method.
Binance CEO, Coinbase exec feature in Masterclass crypto crash-course
Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.
Binance CEO, Coinbase exec feature in Masterclass crypto crash-course
Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.
Binance CEO, Coinbase exec feature in Masterclass crypto crash-course
Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.
Wemix delisting saga continues at South Korean court
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
Wemix delisting saga continues at South Korean court
A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.
The Seoul Central District Court ruled on Dec. 7 to justify the decision of the Digital Asset eXchange Alliance (DAXA) to delist WEMIX from major South Korean exchanges, The Korea Herald reported on Thursday.
The DAXA, a crypto exchange group representing South Korea’s largest firms like Upbit, Bithumb, Coinone, Korbit and Gopax, said that Wemade has failed to properly disclose the number of tokens outstanding.
The court has reportedly supported the position of the DAXA, emphasizing the importance of transparent reporting of token’s distribution, stating:
“Crypto assets have no regulator or an absolute means of determining their price like the stock market [...] Therefore the distribution number is crucial because the price is decided as a result of the balance between supply and demand."
Crypto is 'most mature' in these 2 countries, new Huobi report reveals
Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else.
The latest data compiled by exchange Huobi confirms that in 2022, the United States is the most “mature” crypto market.
U.S., Vietnam lead the way on crypto
Despite the heavy drawdowns in price for Bitcoin and altcoins this year, interest throughout the world remains “extremely active,” and the leaders may come as a surprise.
In its latest annual report, Huobi Research, an affiliate of Huobi Global, revealed that the U.S. accounts for 9.2% of global centralized exchange (CEX) volume. When it comes to DeFi, the figure is even higher — 31.8% of global volumes.
At the same time, the percentage of the population using crypto is not as high as in some other jurisdictions. 13.7% of Americans use crypto, the report said, compared to 20.3% Vietnam, the leader out of the 15 countries examined.
Crypto is 'most mature' in these 2 countries, new Huobi report reveals
The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.
Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals
The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.
Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals
Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else.
The latest data compiled by exchange Huobi confirms that in 2022, the United States is the most “mature” cryptocurrency market.
U.S., Vietnam lead the way on crypto
Despite the heavy drawdowns in price for Bitcoin and altcoins this year, interest throughout the world remains “extremely active,” and the leaders may come as a surprise.
In its latest annual report, Huobi Research, an affiliate of Huobi Global, revealed that the U.S. accounts for 9.2% of global centralized exchange (CEX) volume. When it comes to DeFi, the figure is even higher — 31.8% of global volumes.
At the same time, the percentage of the population using crypto is not as high as in some other jurisdictions. 13.7% of Americans use crypto, the report said, compared to 20.3% Vietnam, the leader out of the 15 countries examined.
The all-in-one approach at the foundation of next gen crypto investment platforms
ClearCryptos, an all-in-one crypto platform, combines all the best of DeFi and CeFi with the education necessary to use it right.
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.