Seeing the success of Sky Mavis, whose GameFi (Game + Finance) can attract a capital investment of US$3 billion, other Vietnamese game developers have introduced similar game projects lately. However, experts in the field state that many of them are in fact fraudulent ones.
Sky Mavis – a renowned startup project of 30-year-old Vietnamese CEO Nguyen Thanh Trung – is well-known for its Blockchain game named Axie Infinity. The game has been unexpectedly hacked lately, and over US$600 million was stolen, ringing an alarm to other game developers and players.
The Vietnamese cryptocurrency investment community has lately been concerned by the news that CryptoBike – a Non-fungible token (NFT) game or Decentralized Finance (DeFi) game – is showing signs of defrauding investors with the amount reaching up to US$1.4 million.
On December 2, the Cyber Security and High-Tech Crime Prevention and Control Department (PA05) under HCMC Police and local special forces successfully brought down a large-scale online gambling ring.
Cryptocurrency exchanges and trading platforms are on the rise since citizens’ livelihood got affected by Covid-19, creating more opportunities for scammers to target home-bound office workers and gullible housewives.
The global financial markets are seeing a growing trend that is leaning towards cryptocurrency. This will undoubtedly mark an important milestone in the history of international payment methodology, especially when major financial institutions begin to accept this form of currency.
The Covid-19 pandemic remains complicated and significantly affects the economy. In the context that the Government loosens the monetary policy, and the bank interest rates are still on a downward trend, which lucrative investment channel will investors opt for?
BKAV Corporation announced on March 28 that there have been more than 139,000 computers in Vietnam infected with a new coinminer virus called W32.AdCoinMiner. Via the online advertising service Adf.ly and software vulnerability, this virus uses infected computers to generate digital currency without permission.
South Korea began a real-name trading system for cryptocurrencies Tuesday, banning the use of anonymous bank accounts in transactions to prevent virtual coins from being used for money laundering and other illegal activities.
The government said Monday it will collect up to 24.2 percent of corporate and local income taxes from South Korea's cryptocurrency exchanges this year.
