Tag: Token

Yield Protocol declares full recovery from Euler hack, awaits user token exchange

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Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.” Yield Protocol was one of the 11 decentralized finance protocols that suffered losses after the attack on the noncustodial lending protocol Euler Finance. It paused mainnet borrowing after the hack on March 13 and claimed losses from its liquidity pools were under $1.5 million. Euler lost over $195…

Breaking down the ongoing token impersonation scams with DeFi execs

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Decentralized Finance (DeFi) protocol Tres Finance warned the community about a scam that involves fake tokens designed to mimic legitimate transactions. In an interview, Tres Finance co-founder Tal Zackon and the company’s technical lead Idan David shared the details of a scam using fraudulent transactions that imitate legitimate ones. According to the duo, the scammers attempt to lure unsuspecting users to copy the wrong wallet address and send their transactions there. David further explained that scammers often identify and target wallets with large amounts of stablecoins like Tether (USDT) or…

Australia’s token mapping to be ‘tech agnostic,’ says Treasury official

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The Australian Treasury’s token mapping of digital assets will adopt a “tech agnostic” and “principles-based” approach in order to define crypto assets, according to a Treasury official. Speaking to Cointelegraph on June 26 at the Australian Blockchain Week, Trevor Power, an Australian Treasury Assistant Secretary said the framework will be structured to easily classify tokens based on their “function” and “purpose.” “The token mapping paper spends a lot of time talking about the token, the system, the value delivered for the very purpose of trying to structure whatever regulation such…

Token issuers in Japan exempt from 30% crypto tax on paper gains

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Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20.  The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to pay taxes on paper gains on tokens they issued and held. Legislators in Japan have been discussing new crypto tax rules since last August as part of a broader tax reform for 2023, but the tax authority has only…

Trust Wallet Token and Tradecurve coins surge over 20% in 7 days, SHIB is green

There have been positive price movements for Trust Wallet Token, Tradecurve, and SHIB, which is noteworthy considering the current bear market.  Further details on these updates can be found below. >>Buy TCRV tokens now<< Trust Wallet is rallying In recent developments, the Trust Wallet Token has garnered attention within investor circles as it has been in green in the past 24 hours. Rising 4.4%, the Trust Wallet Token is currently trading at $0.961466 as of June 21, 2023. It is also up 21.6% in the past trading week. During this…

More than just a ‘token’ bridge – Cointelegraph Magazine

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This “Crypto City” guide looks at Sydney’s crypto culture, the city’s most notable projects and people, its financial infrastructure, what retailers accept crypto and where you can find blockchain education courses — along with a history of its crypto controversies. Jump to: Crypto culture, Projects and companies, Financial infrastructure, Where can I spend crypto? Controversies and collapses, Education, Notable figures. Fast facts City: SydneyCountry: AustraliaPopulation: 5.2 millionEstablished: 1788 Sydney is Australia’s first, oldest and second-most populous city (just), world-famous for its harbor views and iconic landmarks, such as the Opera…

Crypto scammers and the need for tools to prevent theft: World Token Summit

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Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get fans and other unsuspecting victims to send them money. To solve the problem, some turned to the blockchain to try to create and implement a decentralized social identity verification system.  At the recent World Token Summit 2023, Cointelegraph spoke to Matthias Mende, the co-founder of the Dubai Blockchain Center and a speaker at the event. During his speech, Mende talked about one of the center’s projects implementing…

Forensic analysis can benefit from tokenization: World Token Summit panel

At the recent World Token Summit 2023 event held in Dubai, a panel discussed how the adoption of tokenization can be scaled further through various tools like address tracking and forensics analysis. At the event, Cryptox spoke with Jeremy Firster, the global head of partnerships at Cardano Foundation, Meng Chan Shu, the head of business development at the Ras Al Khaimah Digital Assets Oasis (RAK DAO); and Ellis Wang, who works with the executive and advisory team at The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. The group…