Crypto literacy at ‘dangerously low’ levels, new report warns
The crypto community’s financial literacy rate is estimated at 25%, lagging the financial literacy average in the United States by half, according to a new report.
Related Posts


Disgraced MP tells Parliament UK can be the ‘home’ of crypto
“These innovations have the potential to disrupt finance, just as social media has disrupted communication, or online shopping has changed retail,” said Matt Hancock. 627 Total views 45 Total shares The former Secretary of State for Health and Social Care and current U.K. Member of Parliament (MP) Matt Hancock urged the House of Commons to…

Cloud mining firm BitFuFu postpones merger with SPAC until May
Bitfufu's plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain. 39 Total views 1 Total shares Own this piece of history Collect this article as an NFTCloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time…

China dev fined 3 yr’s salary for VPN use, 10M e-CNY airdrop: Asia Express
Chinese national fined three year's salary for using VPN for remote work, Hangzhou airdrops 10M e-CNY, JPEX alleged Ponzi nears $200M, and more. by Zhiyuan Sun 4 min September 28, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese worker fined $145K over VPN

Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto
The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets”, upping its budget by $31 million in preparation. 98 Total views 3 Total shares The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have…

Vietnam’s crypto adoption: Factors driving growth in Southeast Asia
The Southeast Asian nation of Vietnam now ranks among the top nations adopting cryptocurrencies. Indeed, the country has ranked first on Chainalysis’ Global Crypto Adoption Index for two years in a row.Chainalysis’ research methodology took into account population-adjusted adoption in crypto platforms ranging from centralized exchanges to peer-to-peer (P2P) payment networks. Web traffic to major…

Pundi X Says Its BOB Smartphone Is the First Powered ‘Entirely by Blockchain’
Decentralized offline cryptocurrency sales network firm Pundi X showcased its Blok on Blok (BOB) blockchain smartphone at the IFA trade show in Berlin, reported IT-focused news portal CIOL on Sept. 10.Pundi X claims that BOB is the first smartphone in which every bit of data will be executed on the Function X blockchain ecosystem –…

Vodafone to Connect ‘Billions’ of Energy Producing Devices Using Blockchain
Vodafone plans to link billions of distributed energy generating assets to grids using the Internet of Things and blockchain technology. 259 Total views 5 Total shares Global telecommunications giant Vodafone has partnered with blockchain startup Energy Web (EWT) to connect “billions'' of distributed energy generating assets via internet-of-things (IoT) and distributed ledger technology (DLT).Energy Web…

HashKey receives Hong Kong approval to offer crypto staking services
The approval means HashKey can provide “ETH staking services for spot ETFs,” said HashKey’s managing director, Terence Pu. Cryptocurrency exchange HashKey has received approval from Hong Kong regulators to offer staking services, potentially broadening the institutional appeal of proof-of-stake investments such as the spot Ether exchange-traded funds (ETFs). HashKey was granted approval on April 10