S Korean crypto firm mistakenly pays out $40bn in bitcoin

A group of concerned investors gathers outside the headquarters of a South Korean cryptocurrency firm, discussing the recent accidental payout of  billion in Bitcoin.

The payout mistake happened during a routine transaction process where a software glitch caused the firm to issue an excessive amount of Bitcoin to its customers. Initial reports suggest that the error was linked to a miscalculation in the platform’s transaction algorithms, leading to an avalanche of unintended payouts. This incident has not only affected … Read more

Barcelona distances itself from sponsor cryptocurrency amid backlash

Barcelona distances itself from sponsor cryptocurrency amid backlash

The controversy gained traction following a series of protests organized by fan groups, which highlighted the risks of promoting digital currencies. These protests intensified around late October 2023, coinciding with a broader scrutiny of the cryptocurrency market amid fluctuating prices and regulatory challenges. Barcelona’s management faced increasing pressure to respond to these concerns, similar to … Read more