South Korea’s ruling party proposes to delay crypto tax to 2028
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.
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Bitcoin whale transactions see ‘noticeable’ drop since March price peak
Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign.
Amazon CEO expresses optimism about the future of cryptocurrencies and NFTs
As told by Andy Jassy, the e-commerce giant may integrate NFTs later down the line. 134 Total views 16 Total shares Speaking during an interview with CNBC after releasing his first shareholder letter as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or nonfungible tokens, or NFTs,…
Square Enix to sell Tomb Raider franchise and invest in new initiatives such as blockchain
The Japanese video game publisher has already made grounds in the adoption of nonfungible tokens and expects metaverse technology to grow significantly. 130 Total views 2 Total shares In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular Tomb Raider franchise for $300 million and…
Cross chains, beware! deBridge flags attempted phishing attack, suspects Lazarus Group
deBridge Finance survives an attempted phishing attack, points a finger at the North Korean Lazarus Group, and warns the wider community to be on guard. 312 Total views 9 Total shares Cross-chain protocols and Web3 firms continue to be targeted by hacking groups as deBridge Finance unpacks a failed attack that bears the hallmarks of…
Iota Foundation to launch staging network and reward token
The staging network, titled Shimmer, will ensure all upcoming Iota upgrades are community-approved before roll-out, one of the critical components of a decentralized governance system. 808 Total views 33 Total shares The Iota Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance the Iota roadmap toward fully functional…
Kraken exec: 5 reasons why Bitcoin is ‘at the beginning of a bull run’
Bitcoin (BTC) is “at the beginning” of an extended bull run and there are increasingly clear reasons to accept it.That was the opinion of Dan Held, head of growth at United States cryptocurrency exchange Kraken, who listed the latest evidence for bullish Bitcoin on Aug. 24.Many commentators have argued that Bitcoin is just getting started…
BlockFi to Offer First Interest-Bearing Crypto Accounts in Washington State
Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States.The firm explained that the license will allow BlockFi to be the first crypto company eligible to offer interest-bearing crypto accounts to Washington state residents. Furthermore, Washington residents will also have…
Matic’s Price Crumbles 20% Amid Mainnet Launch
Despite beginning its mainnet rollout today, the price of Matic has fallen 20% in 48 hours — shedding nearly all gains made during the week leading into the launch. 1255 Total views 39 Total shares Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development.A…