News & Reviews:   crypto

After launching the Blockchain Wallet, Samsung could be preparing to introduce a cryptocurrency exchange platform next year. The Korean tech giant has shown great interest in the crypto market, and this is just the second move in building its way up to the top in South Korea.

Global cryptocurrency platform Luno has today revealed that Malaysia is one of its strongest markets. In a statement by Luno Malaysia country manager Aaron Tang, 12 percent of the platform's new customers in the past 6 months are based in our country.

That amounted to approximately 120,000 new customers from Malaysia in just half a year. Globally, Luno now has over 10 million customers across 40 countries, securing one million new customers worldwide in the past six months for a a 35 percent year-on-year growth.

Meta, the parent company of Facebook and Instagram is reportedly planning to introduce in-app tokens as the virtual currency for its Metaverse. In fact, according to a report by Financial Times, employees of the company already have a nickname for the currency: Zuck Bucks.

The in-app tokens would be centrally controlled by Meta and is similar in concept to the popular children’s game Roblox’s Robux currency. Previously, several sources claimed that Meta was planning to use cryptocurrency called Diem as its virtual currency.

It looks like Malaysia won’t be recognising cryptocurrency as legal tender anytime soon as despite the urging to do so by the Ministry of Communications and Multimedia (K-KOMM). Previously, K-KOMM deputy minister called crypto ‘the future of finance’ and urged for the relevant authorities to held discussions in order to legalise it.

However, the proposal was unceremoniously turned down by the Ministry of Finance (MOF) confirmed that the federal government has no intention of recognising crypto as legal tender. This was asserted by the ministry’s first deputy minister, Shahar Abdullah in the Dewan Rakyat yesterday.

The Deputy Minister of Communication and Multimedia (K-KOMM), Datuk Zahidi Zainul Abidin has urged for the Federal Government to adopt cryptocurrency as legal tender in Malaysia. Claiming that crypto is ‘the future of finance’, Zahidi also said that his ministry will be looking into ways to increase youths' involvement in digital currencies.

The K-KOMM Deputy Minister made the statement in the Dewan Rakyat today in reply to a supplementary question from the Member of Parliament (MP) for Ledang, Syed Ibrahim Syed Noh. The latter asked K-Komm on the government’s stance on non-fungible tokens (NFTs) trading which are becoming more popular in our country.

Some people may think that the Apple App Store is a lot more secure than other platforms. Of course, no system is flawless. In fact, someone recently found a scam app on the App Store, one that was disguising itself as a mobile game.

It always pays to be careful on the internet these days, something that a few famous people might want to remember. Earlier today, several high-profile Twitter accounts were hacked and started spreading a cryptocurrency scam. Twitter soon responded by temporarily blocking these verified accounts from sending Tweets.