Decentralized Court to Decide Sky’s Stablecoin Freeze Status
According to the co-founder of Maker, now Sky’s new crypto stablecoin, the status of the freeze function may include a decentralized court-like appeals procedure. In an interview with Cointelegraph during Korea Blockchain Week, Rune Christensen, the co-founder of Sky (formerly Maker), stated that developing a suspend function significantly more decentralized than centralized stablecoins is feasible. […]
FTC Reports Bitcoin ATMs Scams Jumps by 1,000% Since 2020
Scammers have exploited the speed of crypto transactions and anonymity to create a 1000% increase in scams involving Bitcoin ATMs since 2020, according to the Federal Trade Commission (FTC). These schemes frequently involve malicious actors deceiving victims into unknowingly transferring their funds through Bitcoin ATMs under pretenses. The Federal Trade Commission (FTC) reported that Bitcoin […]
FSA Japan Calls for Lower Crypto Taxes in 2025
Japan’s Financial Services Agency (FSA) has disclosed plans for a comprehensive reform of the tax code for fiscal year 2025, which could offer reduced tax rates for crypto assets. The Japanese Financial Services Agency (FSA) emphasized the importance of crypto assets in its August 30 request for tax reform, advocating for their treatment as conventional […]
Trump Family Accounts Hack Promotes Fake Token for DeFi Project
Hackers targeted the social media accounts of Trump family members on Sept. 2, using them to promote a fake cryptocurrency linked to their upcoming DeFi project, World Liberty Financial (WLF). The Trump family members are the most recent high-profile victims of the crypto landscape, which is already susceptible to fraudulent schemes. The social media accounts […]
Samsung Backs Sony’s Soneium Blockchain Team
Samsung’s investment highlights Startale Labs’ role in improving industry tools such as Astar Network, Soneium and Startale Cloud Services. Startale Labs is a Web3 firm, and Samsung Next, the investment arm of South Korean behemoth Samsung, has lately announced that it will be investing in the company. This is an unexpected and fascinating turn of […]