South Korean officials will meet five major crypto exchanges on October 20 to discuss tax readiness. A proposed bill could delay the 22% crypto tax until 2029, pending international data sharing. South Korea’s crypto tax remains scheduled for January 2027 as authorities prepare implementation guidelines. South Korea is reconsidering its...
Cysic Suspends Bridge After 10 Million CYS Tokens Minted
Cysic suspended its cross-chain bridge after an attacker minted 10 million CYS tokens on BNB Smart Chain, prompting urgent security measures. Cysic has suspended its cross-chain bridge after an attacker minted 10 million unauthorized CYS tokens on BNB Smart Chain on October 17, 2026. The attacker is said to have...
Bitcoin Price Prediction: $86K Breakout or Drop to $75.5K?
Bitcoin trades near $81,800 as analysts watch $80.7K support, an $86K breakout level and a possible drop to $75.5K. Key BTC levels explained. Bitcoin (BTC) trades near $81,800, and its next big move hinges on one level. Analysts say a hold above $80,700 keeps the path open to $86,000, while...
Bitcoin Investors Face Hidden Costs as Inflation Keeps Interest Rates Elevated
Rising US inflation is raising concerns about the hidden costs of holding Bitcoin, particularly for investors financing purchases through borrowing. Higher interest rates can reduce investment returns through loan payments, missed interest income, and futures trading costs. Even when Bitcoin maintains its market value, investors may still suffer financial losses...
BIS Study Finds Higher Bank Deposit Rates Slow Stablecoin Growth
Higher US bank deposit rates are linked to slower stablecoin market growth, according to a new research paper. Researchers found that stronger returns on bank deposits may reduce demand for dollar-backed digital tokens. Circle’s USDC showed greater sensitivity to deposit rate changes than Tether’s USDT. However, the findings do not...
Bitcoin Mining vs. AI Inference: Vitalik Explains the Cost Divide
Bitcoin mining spends 45.9% of estimated costs on electricity, including additional power expenses. AI inference allocates 76% of estimated costs to computing infrastructure per GPU-year. Bitcoin miners are exploring AI data centers to diversify revenue using existing power infrastructure. Ethereum co-founder Vitalik Buterin has highlighted a major difference between Bitcoin...
Bitget Begins One-Time Service Cut for Selected Users
Bitget will cut services for selected users in a one-time move, while maintaining platform operations and assuring customers their funds remain safe. Bitget has announced a one-time measure to terminate services for selected users. Those impacted customers would be given instructions on deadlines, account changes and withdrawal arrangements, the cryptocurrency...
XRP Price Faces Major Crash Risk as Double Top Signals Possible Fall to $0.80
XRP drops 2.86% to $1.29 as trading volume falls 24.1%, while a potential double top puts $1.25 support and $0.80 in focus. XRP faces renewed selling pressure as a potential double top formation raises concerns about another price decline. The cryptocurrency trades near $1.29, with analysts watching whether weakening support...
Cobo Announces Wallet App Shutdown, Sets November 30 Withdrawal Deadline
Cobo Wallet users must withdraw assets by November 30 or face a 2% monthly management fee, with a $100 minimum. Digital asset custody provider Cobo has announced plans to discontinue its Cobo Wallet App on December 1, 2026. According to the firm, users must withdraw their remaining cryptocurrency holdings before...
Japan’s 3 Biggest Banks Complete Yen Stablecoin Payment Trial
Japan’s 3 biggest banks complete a yen stablecoin trial, validating cross-border payments and advancing plans for blockchain-based business settlements. Japan’s 3 biggest banking groups have completed a joint yen stablecoin trial, bringing blockchain-based cross-border payments closer to commercial use. On October 16, 2026, the findings showed that several banks can...