KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024. One of the largest South Korean banks, Korea Exchange Bank (KEB Hana Bank), is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company. KEB Hana Bank...Continue Reading
The Japanese Financial Services Agency has proposed changing the tax code around digital assets to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to change the tax code regarding...Continue Reading
The BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system. Bitcoin (BTC) has been on a bull run for the past six months or so, and the market has yet to respond — but it will in around six to...Continue Reading
Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites. Crypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings. Ethereum-based crypto wallet MetaMask has been a long-standing target for scammers — which involves redirecting...Continue Reading
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch. Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams. The new...Continue Reading
Ethereum co-founder Vitalik Buterin says node centralization is one of Ethereum’s main challenges but the perfect solution may not come for another 20 years. The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder...Continue Reading
Quantstamp’s Richard Ma explained that the coming surge in “sophisticated” AI phishing scams could pose an existential threat to crypto organizations. With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm...Continue Reading
Pocket-sized Bitcoin miners are a stand against the “secrecy and exclusivity” of the Bitcoin mining industry, according to their inventors. While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue. Micro Bitcoin mining devices — often open-source and pocket-sized — have...Continue Reading
Solana has seen steady inflows over the last nine weeks, even as other crypto investment products have faced outflows over a similar period. Solana (SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins including Ether (ETH), suggesting it’s the “most loved altcoin amongst investors” according to...Continue Reading
The online crypto casino reported unauthorized transactions from its hot wallets on Sept. 4 with blockchain security firms estimating at least $41 million pilfered from hackers. Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain...Continue Reading
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