Deepshova, Author at BitMala

Kaspa Shines at SHAKA 2024 with Key Presentation on Web3 and AI

Kaspa shined at the 2024 SHAKA event, one of the most energizing meetings in France related to Web3 and Artificial Intelligence. Organized in Biarritz, SHAKA gathered more than 2,000 participants including businesspeople, investors, and fans of cryptocurrencies, blockchain, and decentralized finance, NFTs, and other technologies.

The event lasted for several days and included workshops, conferences as well as casual and creative networking in the warm sunshine. Many participants engaged together by creating a digital wallet and learning Steps of NFT development. The fun was maintained through the night by fun activities on the roof top and entertaining ‘battle royale’ activities.

Kaspa, represented by its French Ambassador Julien, took center stage on the second day with a twenty-minute presentation titled “Kaspa: Why is Everyone Talking About It?”. Julien highlighted the specifics that distinguish Kaspa, specifically to address mining and the function of POW and five-year development plan. He charmed the audience by addressing its technical side and prospect of Kaspa which helped to increase awareness of the project in Web3 space.

In SHAKA 2024, Kaspa started to blow the horn as the new entrant and signal a new dawn within the crypto world, this created more impact on an audience who were eager to embrace new technologies.

Japan’s First Kaspa Payment and KJEA Launch at WebX Event

On the 30th of August 2024, during the WebX Tokyo Conference, the Kaspa Japanese Ecosystem Association, KJEA organized a vibrant side event with congratulation of KEF support. About 20 participants were gathered, including the developers of AAVE, miners of Kaspa, holders, as well as those who just came to the event, which made the event rather active.

Thus, the event included the presentation of the BlockDAG technology of Kaspa and the benefits of using it instead of blockchain. In the event a formal introduction of the KJEA was made, which’s main goal is the promotion of Kaspa in Japan and the world.

Kaspa-based payment was one of the most exciting moments. It was the realization of the first Kaspa-based payment in Japan especially when the company managed to record impressive growth rates and shares increased significantly. With assistance from the venue, the implementation of the special menu was organized in such a way that the participants could pay for the meals with Kaspa, which was also a major step in further development and integration of Kaspa in the Japanese territory.

At the end of the event, representatives of the Kaspa Ecosystem Foundation went on the stage to express their gratitude to everybody and to share their enthusiasm of Kaspa development. They played a significant role of supporting through providing merchandise and enhancing the success of the event.

The event helped not only to strengthen the community but also brought the prospect of the Kaspa development in the Japanese market.

Japan Considers Lowering Crypto Tax Rates in 2025

6th September,2024, Wyoming

Japan’s Financial Services Agency (FSA) is interested in the VAT or value-added tax that was proposed in a flat 20% taxation on any gains made from cryptocurrencies like Bitcoin similar to the application of the taxes on share profits. At the moment, crypto profits and gains are subjected to tax rates ranging from 15% to 55% with the additional 35% for every ¥200,000 ($1,377) of profits made. Some of the criticism has already prompted debate over reforms as many blames the present system for reducing the motivation to invest.

The proposal presented by the FSA intends to regulate cryptocurrency in the same way as an ordinary financial instrument which will be beneficial for the holders of cryptocurrencies. This is backed by the Japan Blockchain Association, who stressed that reductions in taxes would further the growth of investment in the sector.

If adopted by the Japanese parliament then new taxation structure might come into force from the year 2025 and would come as a great tax exemptions for both the personal users and companies with bitcoin exposure.

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FBI Warns Crypto Sector of North Korean Threats

The FBI has issued a warning about North Korea’s growing cyber threats targeting the crypto industry. North Korean hackers are using advanced social engineering tactics to deceive employees of crypto businesses, including DeFi applications, and deploy malware to steal funds.

The agency highlighted a focus on crypto ETFs, signaling potential future attacks. Even companies with strong cybersecurity measures are at risk due to the sophistication of these schemes.

The FBI recommends businesses use multi-factor authentication, avoid storing wallet info online, and report suspicious activity immediately.

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Lara and Tiffany Trump’s X Accounts Hacked to Promote Crypto Scam

On Tuesday Lara and Tiffany Trump’s accounts in X were compromised to pump a pump-and-dump token associated with an anticipated World Liberty Financial cryptocurrency venture. It mentioned random links as the ‘official’ blockchain addresses of the project which were fake ones that where hacked.

But the illegitimate accounts were soon revealed to be fake, and Eric Trump said as much to his many followers, urging them not to respond to the fraud. The hack happened only a few hours after information on what is known as World Liberty Financial – DeFi lending platform involving the Trump family – was released by CoinDesk, stating that the platform was to launch soon.

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Former Mt. Gox CEO to Launch EllipX Crypto Exchange in Europe

Mark Karpeles, the former CEO of the now-defunct Mt. Gox exchange, is launching a new crypto exchange called EllipX in September, based in Poland. Initially focused on European users, EllipX will comply with the EU’s MiCA regulations and plans to eventually add fiat currency services.

The platform will promote transparency with regular third-party audits and aims to improve security in the crypto space. Karpeles is also offering 50% off trading fees to former Mt. Gox users as part of a reparations gesture, with the discount tied to non-fungible tokens he released for affected users.

Karpeles hopes this new venture will help rebuild trust with the community after the collapse of Mt. Gox in 2014, which resulted in significant losses. He believes the industry has evolved, and EllipX can be a positive example of transparency and security.

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ZKB Partners with Crypto Finance for Crypto Trading

The Swiss based Zürcher Kantonalbank (ZKB) has now partnered with Crypto Finance to provide the brokerage of crypto assets. With the help of this, the clients of ZKB will be able to buy and sell Bitcoins and Ethereum using the bank’s mobile applications and electronic banking services.

Switzerland-based Zürcher Kantonalbank (ZKB) will deploy crypto asset brokerage services through cooperation with Crypto Finance. Through this partnership, ZKB is now is enacting a cryptocurrency trading service to enable its clients to buy and sell Bitcoin or Ether using the bank’s mobile application and eBanking.

In goal, it seeks to enhance Switzerland’s status as a global hub for financial technology and bring digital assets into the conventional finance. Peter Hubil, who is the head of digital asset solutions in Zurich Cantonal Bank – ZKB, lauded Crypto Finance’s experience in the area, and in a similar sentiment, Crypto Finance’s CEO, Stijn Vander Straeten, said that the development was to mark a crucial step in the country’s acceptance of digital assets.

South Korea Investigates Telegram Over Deepfake Crimes

4th September, 2024 , Wyoming

South Korean officials are to open a criminal investigation against the messaging app, Telegram over accusations of inciting deepfake sexual assaults. The Seoul Metropolitan Police is now investigating whether the app has contributed to the spread of prohibited content, after complaints about a computer-simulated sexual abuse Telegram channel.

This will be the first investigation of South Korea’s prosecution to concern Telegram’s corporate entity. The country wants to involve French authorities and other detectives as the messenger has not been helpful in the process of exchanging with the users information before it.

Some deepfake content has been deleted on Telegram’s requests, moreover, the South Korean authorities are looking forward to establishing a partnership with the platform and create a hotline for such cases. This action is similar to similar actions taken across the world such as in France and India where governments are stepping up and dealing with all sorts of unlawful operations associated with Telegram.

Shiba Inu Investors Flee to Bitnance After DAO Scandal

Following the theft of $100k at the Shiba Inu DAO, new token, BTN on the Binance Smart Chain is where investors are heading. A notable concern worth mentioning is that the recent troubles associated with the token such as its large supply and security concerns have harmed the confidence.

On the other hand, there are scarce and limited means available and recognized such as Bitnance with only 10.5 million tokens, is attracting SHIB holders. As SHIB struggles with internal and market problems, the preference for stability and value makes it a much more appealing option. The presale is picking up pace pretty quickly for Bitnance, which can be considered a rather sound means of value.

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Trump Family’s New Crypto Project Sparks Concern After Past Failure

4th September, 2024, Wyoming

The Trump family after the failure of their previous attempts are starting a new crypto project called World Liberty Financial, which is a lending and borrowing DeFi platform based on Aave and Ethereum. This can be seen as this project is quite similar to what they have done in Dough Finance that was vulnerable to a hack in July that saw the team lose $2 million.

When officially launched by Donald Trump and his sons, Eric, Don Jr. and Barron, the platform will include a governance token dubbed WLFI. However, the project has creates some controversy due to its resemblance to the previous project known as Dough Finance and the community is curious as to whether this project will go the same way.

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