Analysis Crypto by Thebittimes.Com

El Salvador recently passed a new law that eliminates income taxes on foreign money coming into the country. This news was announced on X (formerly Twitter) by Nayib Bukele, the self-described ‘coolest dictator,’  who has become a prominent player in the crypto ecosystem thanks to El Salvador declaring bitcoin a compulsory tender and investing public funds into bitcoin and bitcoin mining. This change follows a recent initiative that will allow Bitcoin investors to purchase a visa and eventually become eligible for citizenship in El Salvador .  Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%. La Asamblea ha reformado la ley del impuesto sobre la renta, para inversiones internacionales y transferencias de dinero, bajando la tasa del 30% al 0%. https://t.co/YRDVegSbb5 — Nayib Bukele (@nayibbukele) March 13, 2024 Read more: Did Bukele lie about El Salvador’s bitcoin profits? Bukele is a...

Monero’s community crowdfunding wallet recently fell victim to a security breach, resulting in the loss of its entire balance of 2,675.73 Monero, worth nearly $460,000. The attack on the privacy coin’s wallet occurred on Sept. 1 but was not revealed until Nov. 2 on GitHub. According to the company, the source of the breach remains unidentified and is still under investigation. Monero’s developer, Luigi, disclosed that a total of 2,675.73 XMR, valued at approximately $460,000, was stolen during the breach. He clarified that while the community crowdfunding system (CCS) wallet was emptied, the separate hot wallet for payments to contributors was unaffected, retaining a balance of around 244 XMR. You might also like: How blockchain security experts investigate hacks | Interview The CCS wallet, established in 2020 to fund community-driven development proposals, was operated from a single Ubuntu system running a Monero node on a Windows 10 Pro laptop. Luigi...

Following the recent Curve Finance exploit, the perpetrator has made a surprising move by returning a significant portion of the stolen assets to the protocol. Reports indicate that the exploiter has sent around $12.7 million worth of 4,820 Alchemix Ethereum (alETH) and 2,258 Ethereum (ETH) to the Alchemix Finance platform. Hacker returns $12.7 million worth of alETH The events follow Curve’s request to the hacker on Aug. 3 to return the funds, after which the hacker requested that they confirm the address. The hacker labeled as "Alchemix/CurveFinance Exploiter" returned a total of 4,819.55 alteth to Alchemix Finance: Dev multiple times. The JPEG'd attacker also returned 6106 ETH. Earlier, the attacker released information saying that please confirm the address and he will return… — Wu Blockchain (@WuBlockchain) August 4, 2023 The process of returning the funds occurred in three transactions. The first one involved a test transaction of 1 alETH. Subse...