Majority of Korean crypto exchanges to cease operations this month
Failure to comply with South Korean regulators’ new requirements will likely result in the extinction of tens of cryptocurrency exchange operators. South Korean cryptocurrency exchanges face an impending deadline to comply with new compliance requirements, with all operators expected to submit applications for official licences to the Financial Services Commission (FSC) no later than Sept. […]
Avalanche reportedly exploited for crypto tokens worth $3.2 million
Zabu, a DeFi app under Avalanche confirmed that the attacker was successful in withdrawing 4.5 billion tokens from the Zabu Farm Contract and stealing around $600,000 in total. It has been revealed that Zabu Finance, a DeFi application running on the Avalanche blockchain, has been attacked in order to obtain crypto tokens worth $3.2 million. […]
El Salvador to exempt Bitcoin investors from paying tax
El Salvador is attempting to attract foreign investment by significantly reducing the tax on Bitcoin trading. According to a presidential legal counsel, El Salvador’s government will exempt investors from capital gains and income taxes on Bitcoin (BTC). As stated by Agence France-Presse, Javier Argueta, a legal adviser to President Nayib Bukele, is seeking to encourage […]
Arbitrum’s TVL increases to $1.5 billion as DeFi morphs into ArbiNYAN
Over $1 billion worth of Ether remains locked in the ArbiNYAN yield farm, despite the native token’s price collapsing by more than 90% in less than 24 hours. Rollup network at layer two of Ethereum Arbitrum One is experiencing significant growth, with its total value locked (TVL) increasing by nearly 2,300 percent in the last […]
Indian crypto exchanges are gearing up for the festive season with an ad blitz
Local exchanges in India are encouraging residents to purchase and give Bitcoin during the upcoming holiday season. To mark the festive season in India, cryptocurrency exchanges are courting retail traders with aggressive marketing campaigns and free crypto giveaways. For this year’s Hindu holiday season, which began on Sept. 10, cryptocurrency exchanges are encouraging citizens to […]