Cross-chain Orbit Bridge Hit by $82M New Year Hack
It appears that a $81.7 million breach of the bridging service of Orbit Chain was the first of the year’s cyberattacks. Reportedly, just three hours before the new year’s festivities, Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, was compromised for $82 million. Pseudonymous Twitter user Kgjr alerted readers to the potential […]
Bloomberg: Crypto-Tech Duo to Dominate Global Markets
Bloomberg’s Jamie Coutts Anticipates Doubling of Tech Sector, Envisioning 20% Crypto Dominance in Global Markets by 2025. Jamie Coutts, an analyst at Bloomberg Intelligence, extols the cryptocurrency and technology sectors in anticipation of a profound transformation in the worldwide equity domain. Coutts, a renowned analyst in his field, emphasizes that by the end of 2025, […]
Changpeng ‘CZ’ Requests Court Order for Travel Permission
In regard to travel authorization, former Binance CEO Changpeng ‘CZ’ Zhao petitions the court for an order on sealing motion. The most recent development in the case between Changpeng ‘CZ’ Zhao and the U.S. Department of Justice (DOJ) involves CZ, the founder of Binance, petitioning a federal court for a travel authorization order. The court […]
Erdogan Appoints Crypto Professor to Turkish Central Bank Board
Fatma Ozkul has been a Lecturer at Marmara University Since 2012 and specializes in Blockchain, Digital Assets, Finance, and Auditing. The presidency of Turkey’s Recep Tayyip Erdogan reportedly appointed blockchain technology and crypto assets expert professor Fatma Ozkul to the monetary authority of the central bank. Bloomberg reports that on December 22, a decree nominating Ozkul […]
Japan to Launch Major Crypto Tax Reforms In 2024
Japan will likely eliminate the crypto tax on unrealized gains from cryptocurrency investments beginning in 2024. At a cabinet meeting on December 22nd, the Japanese government reached a definitive decision regarding the crypto tax reform framework for the fiscal year 2024. A substantial amendment to this reform affects corporations that possess crypto assets. The amendment […]