The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more
2024-10-17

Happy Wednesday! In today's Daily, Cosmos co-founder Jae Kwon blames Iqlusion over North Korea-linked security risks, Italy plans to raise bitcoin capital gains tax to 42%, the U.S. calls for a reduced prison sentence for the 2016 Bitfinex hacker and more.
Meanwhile, a new a16z crypto report finds cryptocurrency activity and usage at an all-time high.
Let's get started.
Cosmos co-founder blames Iqlusion over North Korea-linked security risks
Cosmos co-founder Jae Kwon raised concerns on Tuesday about the development and security of Cosmos Hub's liquid staking module amid links to North Korean agents.
Italy plans to raise capital gains tax on bitcoin from 26% to 42%
Italy plans to raise capital gains tax on bitcoin to 42% as part of the country's budget for 2025, according to local newspaper Il Sole 24 Ore.
US calls for reduced prison sentence for 2016 Bitfinex hacker
U.S. prosecutors have called for a reduced five-year prison sentence for Ilya Lichtenstein over money laundering charges related to the 2016 Bitfinex hack, citing his cooperation in the case and assistance in other crypto-related criminal investigations.
TON blockchain taps Axelar for interoperability push
The TON Foundation has selected Axelar's Mobius Development Stack as its preferred interoperability solution, aiming to boost The Open Network's connectivity with other blockchains.
'Crypto is the future' Trump proclaims despite World Liberty Financial raising less than $10 million in first-day WLFI token sales
World Liberty Financial, the much-hyped DeFi project backed by Donald Trump and his sons, sold more than 600 million WLFI on Tuesday as its token sale went live.
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