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An increasing number of young adults from the UK are undergoing Gambling addiction therapy after becoming hooked on trading crypto , the UK ’s National Health Service (NHS) has warned. Speaking at the NHS ConfedExpo on Wednesday, NHS chief executive Amanda Pritchard stated that opportunities to become addicted to Gambling are rising and that the methods used to keep people hooked are becoming “ever-more sophisticated.”  The National Problem Gambling Clinic told Pritchard that gambling in ‘unregulated cryptocurrency markets’ in the UK is becoming increasingly addictive for young people. Indeed, much of the current memecoin hype in crypto can be compared to gambling, with traders betting that coins will either skyrocket or plummet over the course of a week or in as little as five minutes.  Pritchard said, “As a society, we need to ask: are we OK to just continue picking up the pieces .” She added, “The NHS opened the 15th specialist center for gambling addiction...

The researchers claim the ideas driving the conclusions found in the original paper were based on flawed assumptions about the nature of Bitcoin. A team of researchers from the Bitcoin Policy Institute, a nonprofit think tank, have roundly reject ed the conclusions reached in a 2022 paper claiming that Bitcoin has an intrinsic scaling problem that will lead to limit ed adoption in the future. According to the Bitcoin Policy Institute’s researchers, the original paper, dubbed “Bitcoin’s Limited Adoption Problem,” is predicated on three faulty assumptions. First, the authors of the original paper claim that payments on the Bitcoin (BTC) network require full network consensus for settlement. Second, they assert that the addition of miners to the network prolongs time to settlement by “delaying network consensus.” Third, they claim there’s an upper limit on Bitcoin payments due to the architecture of Bitcoin’s blockchain. The Bitcoin Policy Institute researchers reject each premise in ...

Due diligence has always been an issue in the venture capital space according to a VC executive, but crypto offers a solution: A public and immutable ledger. Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to "trust the chain," a crypto-focused venture fund executive argues.  Speaking to Cointelegraph, John Lo, head of digital assets at Recharge Capital — a $6 billion fund with crypto and decentralized finance (DeFi) projects on its portfolio — said that FTX shook the "confidence in this industry." "There will be a lot of soul-searching," he said. According to Lo, due diligence has always been a problem in the venture space, even outside of crypto. He said the action plan taken by crypto venture capital ists in response to the FTX collapse will be a crucial deciding factor for either an effective recovery or a deepening of the industry crisis. However, Lo argues ...