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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance program. SARS is seeking information on crypto users and stepping up efforts to identify and audit non-compliant taxpayers. The taxman urged taxpayers to participate in the voluntary disclosure program, highlighted the consequences of deliberate tax evasion, and said all non-compliant taxpayers will be held accountable. — link : Wu Blockchain News
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Andre Cronje: L2s as appchains are not logical for builders. Barely any infra when deploying (stable coins, oracles, institutional custody, etc). Appchains also grossly underestimate the cost of infra and compliance (explorers, custody, exchanges, oracles, bridges, toolkits, IDEs, on/off ramps, native issuance&integration, regulatory, compliance). — link : Wu Blockchain News
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Vitalik: We need to maintain an ecosystem where ethereum people feel they are on the same team, and this has a tech interoperability part, a values/culture part, and an economics part too. EIP-7762, based rollups, other forms of fee sharing, are all valuable places to start. — link : Wu Blockchain News
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ICYMI: 🟠 Mt. Gox trustee postpones deadline to repay creditors by one year to October 2025, reducing sell pressure concerns for Bitcoin 👀 : Bitcoin
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JUST IN: Donald Trump to launch crypto token sale on Tuesday. : Watcher Guru
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James Howells, an IT engineer in Newport, UK, is suing the Newport City Council for £495 million (about $647 million) after accidentally discarding a hard drive containing 8,000 bitcoins. Howells has tried to retrieve the hard drive from the local landfill, but has been thwarted by the city council, which has repeatedly rejected his requests to dig up the site. — link : Wu Blockchain News
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Neiro: We have halted our relationship with Gotbit, who were our market maker partners. None of the issues involving Gotbit or its employees involve or are relevant to Neiro in any capacity. We have withdrawn some MM funds back to the community multisig. It was a mistake which I am responsible for. — link : Wu Blockchain News
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WuBlockchain Podcast: Quai Network, Advancing PoW Scalability and Privacy
Quai Network CTO Karl Kreder received his Ph.D. from the University of Texas and later worked at ConsenSys. Quai is essentially a scalable POW system capable of processing more than 50,000 transactions per second while maintaining a decentralized structure similar to Bitcoin, by using a layered merged mining blockchain architecture to ensure high throughput without sacrificing decentralization. Youtube Transcript : Wu Blockchain News
On October 11, the total net inflow of Bitcoin spot ETFs was $254 million. The inflow of Fidelity ETF FBTC was $117 million, and the inflow of ARKB was $97.5837 million. The net outflow of Ethereum spot ETF was $97,100. — link : Wu Blockchain News
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On October 12, the Minister of Finance of China stated that China plans to increase the debt limit on a large scale at one time and increase efforts to support local governments in resolving debt risks. This will be the strongest measure to support debt reduction in recent years. In addition, it will issue special government bonds to support large state-owned commercial banks in replenishing capital. — link : Wu Blockchain News
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To support the development of the USDC ecosystem and meet the diverse trading needs of users, OKX announced the addition of the following USDC trading pairs: AEVO-USDC, ATH-USDC, CATI-USDC, ETHFI-USDC, JUP-USDC, ZETA-USDC. — link : Wu Blockchain News
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According to Protos, Craig Wright has filed a lawsuit against Bitcoin Core and Jack Dorsey's company Square, acting as his own legal representative. Wright filed the lawsuit as a litigator without a barrister on October 10. Wright is also appealing against the Crypto Open Patent Alliance (COPA) and Peter McCormack. — link : Wu Blockchain News
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ARK 21Shares (ARKB) Daily BTC Flows: +97.8m: BBG : Tree News
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JACK MALLERS: 🟠 The middle class and those without assets will be the ones who feel the impact of lost purchasing power from money printing. : Bitcoin
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Trump-supported World Liberty Financial will start public token sale next week — link | tl;dr : unfolded. DeFi
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According to Protos, Bitcoin developers disclosed details of an high-severity software bug. Over 13% of the home and business computers around the world that enforce Bitcoin’s rules are vulnerable to a remote shutdown. The bug, named CVE-2024-35202, affects Bitcoin nodes running Core software prior to version 25.0. Nodes that have not updated to at least 25.0 allow an attacker to remotely exploit an assertion in the software logic that handles block transaction (‘blocktxn’) messages. Credit for discovering and disclosing the vulnerability goes to Niklas Gögge, who also provided the patch implemented in Bitcoin Core v25.0. — link : Wu Blockchain News
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According to Lookonchain, Vitalik's address sold a large amount of memecoins again and received 257.1 ETH ($636K), including: 330,000 MSTR, 14M POPCAT, 14B ITO, 1.05M ETH6900, 50.53B SATO and 10B Milo. According to previous practice, Vitalik will donate the funds later. — link : Wu Blockchain News
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Unlimited fiat, only 21 million Bitcoin. : Bitcoin
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FLASHBACK: 🟠 Michael Saylor said once he understood Bitcoin, he couldn’t sleep because he feared someone else would buy it all before he could! 😅 : Bitcoin
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HISTORY: 🟠 Hal Finney sent this email only days after #Bitcoin was created. Mind you, a coin had no value at the time 🤯
A Bitcoin literally cost $0.00! : Bitcoin
According to coingecko, 9 Memecoins have been included in the top100 cryptocurrencies by market value, including DOGE ranked 9th with a $16.274b; SHIB ranked 14th with $10.546b; PEPE ranked 29th with $4.203b; WIF ranked 39th with $2.726b; BONK ranked 60th with $1.530b; POPCAT ranked 63rd with $1.488b; FLOKI ranked 64th with $1.357b; BRETT ranked 85th with $940m; NEIRO ranked 89th with $869m. — link : Wu Blockchain News
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🇨🇭 Buying McDonald’s in Switzerland with Bitcoin 🍔 : Bitcoin
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In response to questions about the "kneeling to CEX" of offering up to 5.5% of the tokens to Binance, Scroll responded: This is indeed a difficult decision, but Binance's support for the stablecoins is very important. In Africa, Binance has even stronger legitimacy than Ethereum. Binance will provide a lot of other support besides listing. Strong CEX support is absolutely crucial to attracting users to the Ethereum ecosystem. — link : Wu Blockchain News
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Mask Network founder Suji Yan: Crypto fund with super large AUM should do MBO/LBO and consolidations, like SoftBank (b4 Vision fund) and Tencent, not re-inventing wheels like Paradigm today. Problem is - most GPs are not super successful founders themselves. They won’t able to create sth >1B single handed as well. — link : Wu Blockchain News
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The Avalanche Foundation tweeted that it has reached an agreement to repurchase all AVAX tokens sold to Luna Foundation Guard (LFG) before April 2022, and is currently awaiting approval from the bankruptcy court. 1.97 million AVAX will be returned to the foundation for holding. — link : Wu Blockchain News
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Fidelity (FBTC) Daily BTC Flows: +117.1m: BBG : Tree News
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NAYIB BUKELE: 🇸🇻 "The IMF, World Bank, Federal Reserve, and mainstream media hate that we adopted Bitcoin." 💯 : Bitcoin
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Georgios Konstantopolous launches @Ithacaxyz with $20M investment from @paradigm. - 𝕏/@gakonst : Leviathan News
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