Vietnam currently has more than 16.6 million cryptocurrency holders, with 31% holding bitcoin, according to a local media outlet report on Thursday that cited the “Vietnam Crypto Market Report 2022.”This makes Vietnam the second Southeast Asian country after Thailand, with the highest number of crypto investors. There are currently over 97 million people living in Vietnam, which means around 17% of the country’s total population holds crypto.Around 200 Blockchain Projects Operate in VietnamAccording to the report, around 200 blockchain projects are currently operating in Vietnam. Active blockc

P2P Crypto Lending Software Development — The Future of Borrowing and LendingPeer-to-peer (P2P) lending has emerged as a popular alternative to traditional lending. With the rise of cryptocurrency, P2P crypto lending platforms have gained traction as a way to offer loans with lower interest rates and faster approval times. In this blog post, we will explore P2P crypto lending platforms, how they work, benefits they offer and an end-to-end guide on developing the platform.What are P2P Crypto Lending Platforms?P2P crypto lending platforms are online marketplaces that connect borrowers with lende

A hacker responsible for a $196 million attack on Euler Finance has moved some of the stolen funds into the crypto mixer Tornado Cash, just hours after a $1 million bounty was launched to identify the perpetrator. The attack, carried out through a flash loan on the Ethereum noncustodial lending protocol, resulted in the theft of a range of cryptocurrencies including Dai, USD Coin, staked ETH and wrapped Bitcoin. Blockchain analytics firm PeckShield reported on Twitter that the hacker had transferred 1,000 ETH, equivalent to around $1.65 million, via the sanctioned mixer. Euler Labs had previou

Denzel Washington. Ben Affleck. Serena Williams. Tina Fey. Rihanna. These are the types of names that are represented by WME (William Morris Endeavor), an elite talent agency that runs a good chunk of Hollywood.Founded in 1898, WME has a roster of talent across nearly every branch of culture – film, music, television, comedy, books, art, theater. And in 2021, the firm expanded its scope to include a new vertical: crypto.The impact of Web3, ultimately, is “going to be very similar to the way that the rise of the internet completely changed humanity,” says Chris Jacquemin, head of digital strate

In a new class action lawsuit, YouTubers who endorsed FTX before its collapse in November of last year are being sued for $1 billion. This latest legal action is part of the larger controversy surrounding the crypto exchange platform, which has led to many lawsuits against those involved. The suit alleges that these YouTubers were responsible for promoting the failed exchange and are liable for damages. However, this follows similar legal action against celebrities who endorsed FTX before its bankruptcy.    🚨BREAKING: Youtubers promoting FTX are being sued in a class action lawsuit. Claiming

In light of the recent upheaval in the financial services industry, the European Central Bank (ECB) decided to increase interest rates by another 50 basis points on Thursday, sending a message that it is prepared to provide additional liquidity to financial institutions if this becomes necessary. ECB Announces 50 BPS Rate Hike As a result of continued inflation that is far higher than the level that is intended, the European Central Bank (ECB) has been sending signals for some weeks that it plans to raise interest rates once more at its meeting in March. The preliminary statistics collected in

Dubai Multi Commodities Centre (DMCC) recently announced partnerships with leading South Korean blockchain and metaverse platforms to strengthen the country’s position as the hub. Established in 2002, DMCC is a government entity with a strong record of investment in the innovative infrastructure, frameworks, and services you need to succeed. It is the UAE’s largest free-trade zone that serves as a commodities exchange that deals in four main sectors: precious commodities; energy; steel and metals and agricultural commodities. In 2021, the government entity also launched DMCC Crypto Centre, a c

The Federal Reserve recently announced that the FedNow Service, its real-time payment system, will begin operating in July. In preparation for launch, the Federal Reserve will begin certifying participants in the first week of April, with early adopters completing a customer testing and certification program.Certification will involve a comprehensive testing curriculum to ensure operational readiness and network experience, with the Federal Reserve and certified participants conducting production validation activities in June. We couldn’t be more excited about the forthcoming FedNow launch, wh

According to the FTX administrators in charge of the firm’s restructuring, former FTX and Alameda Research executives got $3.2 billion in payments and loans from FTX-linked firms.FTX, now led by CEO John Ray III, has been tracking lost monies from the exchange since its demise, estimating a total of $8.9 billion. According to a March 15 statement from FTX Debtors, financial papers submitted in the Delaware Bankruptcy Court show billions of dollars in loans and payments to Sam Bankman-Fried and other high-ranking employees, primarily from trading firm Alameda Research.Bankman-Fried, on the othe

Sam Bankman-Fried would like FTX's new management to make paying his legal bills a priority — and put him on top of the payout list.Specifically, SBF is asking the bankruptcy court to give him access to FTX's $10 million director and officer insurance policies.These cover legal expenses not indemnified by the company for "all loss … which the insured persons become legally obligated to pay on account of any claim first made against them … for a wrongful act," the filing said.Beyond that, the insurance "provides priority of payment to individual insured with unindemnified loss like Mr Bankman-F