the Seoul Central District Court ruled that Bithumb will have to reimburse about 1.1 billion won—nearly $1 million—to the users damaged by the bug. But, they will not be compensated at bitcoin’s current price, which is more than 10 times what it was when the users’ bitcoins were lost.
Binance Survey: Crypto buyers 4x more likely to regret missed opportunity
The study also revealed that more than half bought crypto as part of a long-term investment strategy, 38% bought in because of their distrust of the current financial system and 27% because of fear of missing out
Furthermore, the study also revealed that more than half—55%—bought crypto as part of a long-term investment strategy, 38% because of their distrust of the current financial system, and 27% because of fear of missing out, or FOMO.
Huobi announces ETH staking support ahead of Ethereum 2.0 launch
The crypto exchange will allow its users to stake Ether by pressing a single button, a necessary step to the shift to a proof-of-stake consensus mechanism
The announcement explains that the users will be able to change their Ether into Beacon Ether (BETH) and receive staking rewards for securing the new blockchain.
Huobi, Protocol Labs jointly launch $10M Web 3.0 incubation center
The two firms will collaborate to incubate, invest in, and develop communities for projects that employ IPFS and Filecoin
Protocol Labs user experience lead Jessica Schilling said interplanetary file system, or IPFS, aims to break the internet free from the monopolistic control of a few mega-corporations like Amazon, Microsoft, Google, and China’s Alibaba and Tencent. She also noted that the system can prevent censorship in places like Turkey, where a local version of Wikipedia is being hosted after the government blocked access to the standard Web 2.0 version of the site.