South Korea’s National Tax Service (NTS) has opened a tender for software licenses to track virtual asset transactions as part of tax evasion enforcement, according to a government procurement notice. The notice said the contract is for “virtual asset tax evasion response transaction-tracking software licenses,” with a budget of 146.5 million won (around $99,500), including…
Private key compromises are emerging as one of crypto’s costliest attack vectors, with hackers stealing more than $17 billion across 518 recorded incidents over the past decade, according to data platform DefiLlama. In data shared Tuesday, DefiLlama’s dashboard shows a large share of those incidents stemmed from compromised private keys, alongside phishing and other credential-based…
The CBOE Volatility Index (VIX), a preferred Wall Street metric to measure investor sentiment and market risk, dropped by over 45% in under a month. For Bitcoin (BTC), this could be a significant bullish signal. VIX daily performance chart. Source: TradingView Key takeaways: Bitcoin may rise toward $82,700 if VIX keeps underperforming. BTC’s upside outlook…
Most XRP investors are back in profit, increasing the chance for a rally to $2.24, but bulls must first hold the price above $1.40. XRP’s (XRP) 28% rebound from its macro low at $1.12 pushed it above its realized price. In other words, the average XRP holder is no longer in the red. Is this…
In brief New Bank of Korea Governor Shin Hyun-song emphasized central bank digital currencies and bank-issued deposit tokens in his first policy address. The governor highlighted payment system stability through Project Hangang while notably omitting any mention of stablecoins. The address comes amid ongoing legislative debates over stablecoin regulation in South Korea. Bank of Korea…
In brief Scammers impersonating Iran are demanding payment in BTC or USDT from vessels stranded at Hormuz. MARISKS believes at least one vessel fired at on Saturday had paid the fraudulent fee. Experts warn any crypto transit payment carries sanctions liability, regardless of recipient. Scammers impersonating Iranian authorities are reportedly targeting shipping companies with fraudulent…
The attacker behind the roughly $290 million Kelp DAO exploit began moving tens of thousands of Ether to newly created blockchain addresses on Tuesday, in an apparent effort to start laundering the stolen funds. The wallet tagged by Arkham as linked to the Kelp DAO exploit moved about 75,700 Ether (ETH) worth roughly $175 million…
BitMEX, a derivatives-focused cryptocurrency exchange, said it has secured a custody partner to enable asset segregation and trading with off-exchange assets. The company announced Tuesday a partnership with Zodia Custody to allow traders to access derivatives while keeping collateral in segregated custody. The integration is immediately accessible via Interchange, Zodia Custody’s off-venue settlement solution. BitMEX…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors continue…
In brief Carmine G. Agnello has been sentenced to 15 months in federal prison and ordered to repay $1.27M after defrauding the SBA’s COVID-19 EIDL program. Agnello, the grandson of Gambino boss John Gotti, submitted false loan applications for Crown Auto Parts & Recycling, overstating employee numbers and misrepresenting the use of funds. He diverted…