Day: 24 October 2024

In 2024 so far, over a dozen cryptocurrency exchanges in South Korea either shut down or paused their operations, leaving nearly 34,000 users with unclaimed assets totalling 17.8 billion won (approximately $13 million), according to a new report from The Korean Times. These unclaimed assets allegedly amount to over 1.41 ...

Binance has announced its support for Aragon’s (ANT) latest initiative, offering ANT token holders the opportunity to exchange their tokens for Ethereum (ETH).  In an official statement released on October 24, 2024, the crypto exchange confirmed that the Aragon Foundation would use a portion of its treasury to allow ANT ...

Ethereum Layer 2 network Base is set to implement Optimism's fault-proof system, also known as fraud proofs, on October 30. According to the project's team in a recent post on X, the upgrade will allow users to independently verify withdrawals without the need for third-party involvement, enhancing transparency and trust ...

Denmark's Tax Law Council has proposed a bill that could impose taxes on unrealized gains and losses for cryptocurrency assets held by Danish investors, potentially starting in 2026.  In its comprehensive 93-page report on crypto asset taxation, the council suggested that all crypto assets should be governed by the same ...

Ethereum-focused blockchain developer Consensys has called on the next U.S. administration to prioritize clear regulations and support for innovation in the crypto industry as the 2024 presidential election draws near.  In an open letter addressed to the "next U.S. president," Consensys expressed concerns about the fragmented regulatory landscape in the ...

The United States and Nigeria have established a Bilateral Liaison Group aimed at tackling illicit finance and cryptocurrency-related crimes. The U.S. Department of State announced this partnership on Wednesday, October 23, highlighting the importance of collaboration in addressing financial crime and cyber threats, particularly concerning the misuse of digital assets. ...

Austria has concluded its largest-ever fraud trial, which centred around a sophisticated €20 million crypto Ponzi scheme. The trial, held at the Klagenfurt Regional Court, lasted 60 days and led to five convictions involving eleven suspects from Austria, Croatia, and Italy. According to a report from a local news outlet, ...

Brad Garlinghouse, CEO of Ripple Labs, recently expressed regret for not engaging with U.S. regulators earlier in the development of cryptocurrency trading. In a conversation with CNBC at DC Fintech Week on October 24, Garlinghouse noted that he has "made far more trips to DC in the past few years" ...

Bitget has teamed up with Solayer, a Solana staking platform, to launch a liquid staking offering for Solana (SOL). According to a press release shared with DeFi Planet, this new service enables users to stake their SOL tokens using BGSOL, a liquid staking token. BGSOL enables SOL holders to earn ...

PropiChain (PCHAIN), a tokenized real estate platform, is outpacing blue-chip assets like Tron (TRX) and Litecoin (LTC). Experts predict PCHAIN, the native token of PropiChain's ecosystem, could hit the $1 mark first. PropiChain's ongoing presale breaks records as investors pile into the PCHAIN token. Tron has transformed into a deflationary ...