Hong Kong has seen a sharp rise in investment scams, with 1,174 cases reported in the first four months of this year, involving a total of HKD 786 million. Fraudsters are targeting popular investment tools such as cryptocurrency, stocks, and forex, often using online platforms to establish relationships with victims before luring them into downloading fake investment apps and investing money.

North Korea has allegedly used cybercriminals to accumulate more than $3 billion in cryptocurrency over the past five years, with the stolen funds believed to finance around half of the country's nuclear program. The hackers impersonate tech workers or job recruiters and target blockchain gaming firms, with one heist reportedly netting over $600 million.

Bitcoin whales have continued to accumulate more BTC even as the cryptocurrency's price has fallen by 10% since April 9, according to analysis by Santiment. This trend runs counter to previously observed patterns, where heightened whale accumulation has coincided with bull runs or following a market low. Market analysts closely watch the behavior of Bitcoin whales, and their patterns are often incorporated into price predictions. The rate of whale accumulation could impact demand for BTC, potentially pushing the price up.

Cardano founder Charles Hoskinson and the XRP community are reportedly making peace after a period of trolling and criticism.

Bitcoin's price has seen a significant increase in 2023, with a year-to-date high of 31,064.18, which is just above 100% gain from its low. However, it is still below its annual pivot at 29,700.00 and above its 200-day simple moving average at 23,479.31. The weekly chart for Bitcoin is negative, with the cryptocurrency trading below its five-week modified moving average and its 200-week simple moving average or 'reversion to the mean.' The trading strategy recommended is to buy Bitcoin on weakness to its 200-day simple moving average and reduce holdings on strength to the annual pivot.

Kevin O'Leary, also known as "Mr. Wonderful," suffered a $15 million loss as a paid spokesperson for FTX, a crypto exchange that collapsed. Some attribute FTX's downfall to an exchange on Twitter between its founder and Binance CEO Changpeng Zhao.

Blockchain Wave 2023, the largest annual blockchain summit on the Mediterranean coast, will be held at SU Hotel in Antalya, Turkey on June 20, 2023.

While the editor remains optimistic about the future of cryptocurrency, they believe that crypto-based metaverse projects such as Decentraland and the Sandbox are doomed to fail. Decentraland currently has fewer than 500 users, and even Facebook's Meta project has not been successful in attracting users.

eToro, a financial trading platform, has stated its commitment to cryptocurrency and working with regulators following the recent lawsuits against Binance and Coinbase by the SEC. The platform currently offers 80 cryptocurrencies, including some that have been deemed unregistered securities by the SEC.

Cryptocurrency has been transforming the online gaming industry by providing a secure and anonymous payment method, faster transactions, and eliminating the need for third-party payment processors. It is also popular among game developers as it allows them to monetize their games and receive payments from players worldwide.