Harbor Protocol Vaults Are Attacked by a Hacker
Harbor Protocol was the victim of an attack on August 19, resulting in the storages of stOSMO, LUNA, and WMATIC being damaged.
FDIC: Cryptocurrencies Pose Risks to Banking System
The FDIC has noted in its annual review the potential for new and complex risks to the US banking system from crypto-related activities, citing fraud, legal ambiguities, misleading statements, and vulnerabilities in risk management.
Brazil Wants to Introduce Higher Taxes on Crypto
Legislators in Brazil are progressing with a legislative initiative aimed at heightening taxes on cryptocurrencies held abroad. Reports from the region indicate that a congressional committee has given the green light to amendments within a bill that designates cryptocurrencies as “financial assets” for tax purposes concerning foreign investments. Furthermore, the proposed bill places taxation on gains linked to fluctuations in […]
Argentina is Reportedly Investigating Crypto Project Worldcoin
Argentina has announced the initiation of an investigation by a government information agency into the Worldcoin Foundation.
Hang Seng Bank Limits Crypto Companies to Simple Accounts
Despite the Hong Kong government making efforts to establish the territory as a crypto hub, local crypto companies are having difficulty in securing corporate bank accounts.
US IRS Plans to Tax Staking Income
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
Nasdaq Stops Crypto Custody Initiative
Nasdaq CEO Adena Friedman announced on Wednesday in an earnings call that Nasdaq has decided to halt their launch of a US digital assets custodian business.
