The Penpie protocol hacker funneled $7 million through Tornado Cash within hours after stealing $27 million, highlighting DeFi security risks. Source: https://cointelegraph.com/news/penpie-protocol-hacker-launders-7m-tornado-cash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Ripple CEO Predicts SEC Chair Gary Gensler’s Exit, Whoever Wins Election
During a press conference at Korea Blockchain Week 2024 in Seoul, fintech firm Ripple Labs’ CEO Brad Garlinghouse predicted the ouster of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, whatever the outcome of the looming presidential election. According to a report in the Korean Herald, Garlinghouse said he would “make a gentleman’s bet” that Gensler’s tenure would not…
Bitcoin price targets include $50K as Nvidia crash shakes Nikkei, gold
Bitcoin investors join risk assets in a “rush to the sidelines” amid BTC price lows of under $56,000. Source: https://cointelegraph.com/news/bitcoin-price-targets-50k-nvidia-crash-shakes-nikkei-gold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility
According to the CEO of Polygon Labs, POL has evolved into a “hyperproductive” token, enabling the community to engage more effectively in the network’s growth. Source: https://cointelegraph.com/news/polygon-upgrades-matic-pol-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Riot Pushes for Overhaul at Bitfarms Ahead of Key Shareholder Meeting
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns […] Source: https://news.bitcoin.com/riot-pushes-for-overhaul-at-bitfarms-ahead-of-key-shareholder-meeting/
Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020: FTC
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures. Source: https://cointelegraph.com/news/bitcoin-atm-scams-rise-10x-ftc-warns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Japan’s Financial Services Agency Includes Crypto in 2025 Tax Proposal
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, […] Source: https://news.bitcoin.com/japans-financial-services-agency-includes-crypto-in-2025-tax-proposal/
South Korea Investigates Telegram Over Deepfake Crime Allegations
South Korean police are investigating Telegram for allegedly facilitating deepfake sex crimes. They plan to work with French investigators following the detention of Telegram founder Pavel Durov in France for similar investigations. “Telegram does not readily provide investigation data, such as account information, to us or other state investigative bodies, including those in the U.S.,” […] Source: https://news.bitcoin.com/south-korea-investigates-telegram-over-deepfake-crime-allegations/
Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen. Source: https://cointelegraph.com/news/makerdao-sky-usds-stablecoin-freeze-decentralized-court?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Japan’s finance regulator calls for lower crypto taxes in 2025
Japan’s Financial Services Agency has released plans to overhaul the nation’s tax code which could see the tax rate for crypto assets lowered in 2025. Source: https://cointelegraph.com/news/japan-lower-crypto-taxes-2025-financial-services-agency-tax-overhaul?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound