South Korea’s ruling party proposes delaying crypto tax to 2028
If the new proposal is approved, implementing the country’s crypto gains tax will be delayed by nearly seven years from...
Blockchain News
Degen Chain user loses 90% funds during bridge transfer
A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem.
African blockchain venture funding down 74% in H1 2024 — CV Labs
CV VC noted that Africa’s higher blockchain venture activity suggests a regional focus on blockchain solutions to address unique challenges.
Kraken and Tottenham Hotspur score big in crypto partnership
Kraken is now Tottenham Hotspur’s first official crypto and Web3 partner, with the goal of boosting fan engagement and increasing...
Polygon launches upgraded ZK proving system Plonky3
Polygon Labs unveils Plonky3, enhancing Ethereum scalability with improved zero-knowledge proof configurations and modular flexibility for developers.
Craig Wright admits he’s not Satoshi, issues disclaimer on his website
The Crypto Open Patent Alliance accused Wright of forgery in court and claimed that he “invented an entire biographical history.”
VC Roundup: Venture firms push Web3 forward despite macro headwinds
This edition of Cointelegraph’s VC Roundup features Mira, Astria, Compute Labs, BOB, Dora and BITKRAFT Ventures.
Proof-of-funds technology seeks to replace exchanges’ reserves reports
Data lake provider Tres is introducing a new mechanism to track exchange and custodian reserves, joining Chainlink and other solutions...
Li.Fi protocol attacked, $10M drained
The Li.Fi protocol experienced a security breach when hackers exploited a specific contract address, resulting in the loss of over...
Tools of Humanity delays unlock of 80% of WDL tokens
Originally set to unlock over three years, the tokens will now become accessible for early contributors and investors over five...
Kraken tells users that Mt. Gox reimbursement funds have been received
Mt. Gox collapsed in 2014 and only recently began reimbursing injured parties in Bitcoin and Bitcoin Cash.
Palau partners with Soramitsu on blockchain-based bond platform
The Pacific island nation, with a population of 18,000, is a leader in the implantation of blockchain technology.
Pixelverse to put Pudgy Penguin character on Telegram mini game
A Pudgy Penguins character integrates into Pixelverse, joining characters like Doge from Dogecoin and Mew from the Solana memecoin MEW.
Mt. Gox shifts $9B in BTC, market braces for impact
Mt. Gox’s cold wallet transfers over 140,000 BTC in a significant move after two weeks of inactivity, causing market concerns.
AT&T should’ve stored their data on the blockchain, exec argues
Chirp founder Tim Kravchunovsky argued that with the technology available today, the AT&T breach is "inexcusable."
