NEAR Rainbow Bridge defends weekend attack costing hacker 5 ETH
Over the weekend, an attacker submitted “a fabricated NEAR block” to the Rainbow bridge, requiring a so-called “safe deposit” of 5 ETH.
Aurora Labs CEO Alex Shevchenko claimed that the attack was “mitigated automatically within 31 seconds,” showcasing a highly effective defense mechanism to protect users’ funds within the bridge. The attack was halted, and no property damage occurred.
Samsung submits application to open crypto exchange in Korea
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim.
The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized.
South Korea to impose 10–50% gift tax on crypto airdrops
South Korea’s government has announced that it will begin imposing a git tax on crypto airdrops with the taxation rate being as high as 50% in some cases. The Ministry of Strategy and Finance said on August 22 that the taxation would be considered on a case-by-case basis and that it would range from 10 to 50%.
The government official said that with respect to airdrops, “the gift tax will be levied on the third party to whom the virtual asset is transferred free of charge,” namely the airdrop receiver.
Top 10 Daily Losers
In the last 24h, ZBC witnessed the most significant correction with a drop of 32.15%. ZBC is now trading at 650 VNDC with a trading volume of $1.97 million. However, based on a one-month price movement, ZBC has gained 174.79% of its value.
Other assets that saw a drop in value include CEL (down 18.11%), MU (down 15.69%), FIU (down 13.33%),…
The number of ETH 2.0 deposit contract addresses has reached 13 million
According to OKLink, the number of ETH 2.0 deposit contract addresses has reached 13,343,768, and the stake rate has exceeded 11.17%.
About 36,000 ETHs have been added every week, and 153,000 new ETHs have been staked since August.
Moscow exchange prepares to list digital financial assets by year end
Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has revealed.
Moscow Exchange is now working with one of its partners to realize a project to place digital tokens. The aim of this project is to utilize DFAs in order to offer its customers another investment tool which offers a fundamentally new way to ensure information security.
ENS domains surpass two million in record-breaking quarter
ENS developer Nick Johnson contrasted two milestones in ENS history: it had taken five years to amass one million domain names, while it took only 3.5 months to reach two million.
Probing data on Dune Analytics reveals roughly 379,000 new .eth registrations in July 2022, beating the previous peak of 365,000 in May 2022.
Chiliz (CHZ) prepares to activate Habanero mainnet
According to the Chiliz schedule, the mainnet launch (Phase 7: Habanero) is scheduled to launch in the third or fourth quarter of the year. The Chiliz team is also working on releasing a mobile application in August to improve the activity on the project.
Socios.com also recently announced that it will invest $100 million in the metaverse project of the Spanish football club, team FC Barcelona. The investment will be made in Barca Studios, the football club’s metaverse, NFT, and Web3 division.
Uniswap has blocked 253 crypto addresses related to stolen funds or sanctions
Decentralized exchange Uniswap has blocked 253 crypto addresses in its four months of working with blockchain analytics firm TRM Labs. The addresses were mostly blocked because of connections with stolen funds or transaction mixing services like Tornado Cash, which was recently sanctioned by the US Treasury.
Uniswap initially blocked addresses that were indirectly related to sanctioned addresses, but has since scaled that back. Now it only blocks addresses that were sanctioned or have directly received hacked or stolen funds.
Australia’s new government finally signals its crypto regulation stance
Australian Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and Financial Center.”
Aimed at being conducted before the end of the year, the token mapping exercise is expected to help “identify how crypto assets and related services should be regulated” and inform future regulatory decisions to provide greater protections for consumers.