South Korean city threatens to sell crypto of tax debtors
Paju city officials in South Korea target citizens with unpaid taxes, threatening to seize and sell their crypto assets if debts are not cleared by the end of November.
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Russian central bank ‘short-sighted’ regarding crypto, lawmaker says
A long-time member of the Russian State Duma has criticized the central bank’s approach to digital assets. 2587 Total views 6 Total shares A Russian State Duma member has blasted the central bank’s tough stance on the cryptocurrency industry for ignoring the growing demand for crypto in the country.Fedot Tumusov, a member of the “A…

Bitcoin profit-taking remains ‘below historical peaks’ amid $90K high
Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode believes “further gains” may be on the horizon.

51% Attack Bleeds More Than $5m From Ethereum Classic
Forensic analysis suggests the recent Ethereum Classic blockchain reorganization was a carefully orchestrated malicious attack. A recent 51% attack that impacted Ethereum Classic (ETC) is believed to have resulted in approximately $5.6 million worth of the cryptocurrency being double-spent.A report published by Aleksey Studnev of blockchain forensics firm Bitquery on August 5 has revealed the…

Report: Half of all DeFi exploits are cross-bridge hacks
Over $2.5 billion have been stolen from cross-chain bridges in the past two years. 265 Total views 34 Total shares According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years' time, more than $2.5 billion have been stolen…

Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank
The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country.On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank is “working” to become the first in Mexico…

US House Committee Hearing With the SEC on Libra, Crypto and Securities
In advance:As Cointelegraph reported on Sept. 20, the United States House of Representatives Financial Services Committee is holding a hearing today, Sept. 24, with the Securities and Exchange Commission (SEC) Chairman Jay Clayton and four other SEC commissioners.At the time of the announcement, the published agenda included such critical topics for Cointelegraph’s readers as the…

Crypto.com slashes staking rewards as user numbers top 5 million
Crypto.com’s five million user milestone has been overshadowed by 70% reduction in staking rewards for its native CRO token. Prominent crypto exchange and debit-card provider, Crypto.com, has surpassed five million users for the first time. The milestone comes only three months after the platform first exceeded three million users. Crypto.com has seen accelerated growth since the…

Regulators have a weak case against FTX on deposit insurance
In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.Harrison’s original tweet said, “Direct deposits from employers to FTX US are stored in individually FDIC-insured bank accounts in the…