Scammer returns $9.3M DAI to victim 10 months after phishing them
    16 Jul 2024

    A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September. First noticed by Scam Sniffer on July 13, the scammer used Dai stablecoin to return the funds across two transactions last week. The first transfer saw $5.23 million returned on July 8,…

    South Korea’s ruling party proposes delaying crypto tax to 2028
    16 Jul 2024

    South Korea’s ruling party, the People’s Power Party, officially proposed delaying the implementation of the country’s tax on crypto trading profits. On July 12, the party submitted the proposal and noted that current sentiment toward crypto assets was deteriorating. The description stated that rapidly imposing taxes on virtual assets is “not advisable at this time.” Furthermore, the…

    BlackRock’s Larry Fink says he was wrong, calls Bitcoin digital gold
    16 Jul 2024

    During a recent CNBC interview, the CEO of BlackRock, Larry Fink, said he was “wrong” about Bitcoin before calling the decentralized asset “digital gold” and a “legitimate” financial instrument. The head of the $10.6-trillion asset management firm told CNBC’s Jim Cramer, “I was a skeptic, a proud skeptic,” before studying the nascent asset and changing…

    Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’
    15 Jul 2024

    The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in. Bitcoin has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is currently…

    Donald Trump memecoin spikes 52% following assassination attempt
    15 Jul 2024

    The price of the largest Donald Trump memecoin, MAGA (TRUMP), surged more than 30% following an assassination attempt on the former United States president while he was speaking on stage at a rally in Butler, Pennsylvania. The Ethereum-based MAGA memecoin spiked rapidly from a price of $6.31 to $10.36 immediately after the assassination attempt, seeing…

    Crypto hacks top $1.4B, MetaMask streamlines Web3 onboarding: Finance Redefined
    13 Jul 2024

    Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This past week, significant new developments were announced by industry-leading Web3 firms, including MetaMask, Polygon and StarkNet. Each revealed promising new infrastructure developments that could bolster mainstream…