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Web3 Firm Thirdweb Finds Major Vulnerability In Smart Contracts

Web3 developer Thirdweb has disclosed a security vulnerability that has the potential to affect a range of smart contracts within the Web3 ecosystem. In an X post on Monday, the firm notified its followers that it had found a vulnerability in a commonly used open-source library that could impact...

, by Brian Yue

The City of Lugano Drives Crypto Adoption, Accepts Bitcoin and Tether for Tax Payments

The city of Lugano, Switzerland made a bold move to drive cryptocurrency adoption by announcing today that it will now accept tax payments in Bitcoin (BTC) and Tether (USDT). As of today, Lugano's citizens and companies can use the two digital currencies to pay any municipal invoice, including...

, by Trent Alan

SEC Pushes for Judge to Classify Crypto as Securities in Terraform Labs Case, Bypassing Jury

The Securities and Exchange Commission (SEC) urged a judge on Monday to decide whether certain cryptocurrencies qualify as securities in its ongoing lawsuit against blockchain company Terraform Labs. In the court filing, the SEC argued there is no dispute that the crypto tokens offered by...

, by Trent Alan

Ripple CTO David Schwartz Accuses SEC of Mishandling Debt Box Case

Ripple's Chief Technology Officer (CTO), David Schwartz, recently criticized the US Securities and Exchange Commission (SEC) via his official X (formerly Twitter) handle, alleging questionable illegal activities in the Debt Box case. Schwartz expressed his shock at the revelations he...

, by Jimmy Aki

Institutional Funds to Ethereum Products Flip Green as ETH Trades Above $2,200

The bullish drive of institutional investors in recent weeks can be seen across several market metrics as digital assets soar to levels not recorded in months. Ethereum (ETH) traded sideways for most of the year before soaring above $2,000 following the recent market uptick which has sent...

, by David Pokima

Solana’s BONK Token Hits Record High Amid Crypto Surge

The Solana-based meme coin BONK is continuing to surge in the market, hitting an all-time high with a market capitalization close to $420 million on Tuesday. According to data from CoinGecko, the token had risen more than 21% just in the last 24 hours at the time of writing, trading at a price...

, by Fredrik Vold

Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems

The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both...

, by David Pokima

NYDFS Not Afraid to Take Legal Actions Against Defaulting Crypto Companies: Superintendent Harris

The momentum of cryptocurrency regulation in the United States continues to intensify, with the New York Department of Financial Services (NYDFS) asserting its readiness to call out defaulting businesses. Speaking at a Financial Times (FT) event, NYDFS Chief Adrienne Harris emphasized the...

, by Jimmy Aki

Richard Teng Says Binance Has Changed Following Record-Breaking Compliance Settlement

On Tuesday, new Binance CEO Richard Teng stated in an interview with Cointelegraph that Binance is now "totally different" from its early days. Binance has undergone major changes in recent weeks following the record-breaking $4.3 billion settlement with U.S. authorities for compliance...

, by Trent Alan

IRS Reports Increase in Digital Asset Tax Investigations

The Criminal Investigation Unit of the Internal Revenue Service (IRS:CI) noted an increase in digital asset tax investigations due to cryptocurrencies becoming more mainstream, according to the IRS:CI’s annual report released Monday. What the findings showThe report states these digital...

, by Julia Smith

Binance Backed Crypto Wallet Firm Web3Auth, and Safe Launch SafeAuth

Web3Auth, a wallet-as-a-service infrastructure provider has teamed up with the smart contract-based multi-signature crypto wallet provider Safe (formerly known as Gnosis Safe) to launch “SafeAuth” a service which allows users to create wallets quickly without the need for seed...

, by Tanzeel Akhtar

Societe Generale Issues First Digital Green Bond as Security Token on Ethereum Blockchain

Societe Generale, the third-largest bank in France, has marked a significant milestone by issuing its inaugural digital green bond on the Ethereum public blockchain. Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain. The bond, valued at 10 million...

, by Hassan Shittu

Cryptocurrency Industry Spends Record $18.96 Million in Federal Lobbying So Far in 2023

The cryptocurrency industry has spent a staggering $18.96 million in federal lobbying in the first three quarters of 2023. The figure surpasses the $16.1 million spent during the same period in 2022, Reuters reported, citing data from nonprofit research group OpenSecrets. The...

, by Ruholamin Haqshanas

Investors Believe the US Fed Will Pause Rate Hikes + More News

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Investors Believe the US Fed Will Pause Rate Hikes - Bitfinex Analysts Bear Market Applies 'Fruit-Fly...

, by Sead Fadilpašić

South Korean Customs Service Swoops on Int’l ‘USDT-Gambling Ring’

South Korean law enforcers are continuing to crack down on crypto-powered crime, with customs officials shutting down a suspected international gambling ring that used USDT. According to the broadcaster KBS, officers arrested seven people in raids, with one remanded in custody. The Seoul...

, by Tim Alper

SEC’s Absence at Binance Settlement Announcement Raises Questions

The recent $4.3 billion settlement between Binance and various US government agencies, announced by top Biden administration officials, has stirred controversy due to the absence of Securities and Exchange Commission (SEC) Chair Gary Gensler at the announcement. While Attorney General...

, by Fredrik Vold

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