Crypto News
JP Morgan Charged with Manufacturing Oct. 10 Crash with 42-Day-Old Document
Bitcoin For Corporations analysts blamed JP Morgan Chase for the October 10 crypto market crisis, citing a 42-day-old document before the $19 billion liquidation cascade.
Adrian, $BTC For Corporations expert, said Oct. 10 crash feels staged.
According to a JPMorgan investor note, MicroStrategy (now Strategy) could be withdrawn from the MSCI USA and Nasdaq 100 indices, resulting in $2.8 billion in outflows for the largest Bitcoin corporate holder.
Mario Nawfal, a crypto analyst, called JPMorgan's negative letter as BTC and MSTR fell “classic Wall Street timing.”
The Oct. 10 crash wasn't a fundamental collapse, he decided. Unexpected index risk in a strained market caused a technical panic.
Simon Dixon, an investment banker, accused JPMorgan of “vassalization tactics” to dominate Saylor's Strategy.
source: cryptonews.com
Hoskinson Calls FBI After Dev “Breaks” Blockchain; Could ADA Crash Again?
Just when things seemed hopeless, they got worse. Two Cardano blockchain versions ran simultaneously for a few hours. A strange, flawed transaction caused a software issue.
Within three hours, emergency patches were deployed, and the network recovered by the next day.
Later, a developer admitted to causing X. They apologized to Cardano users and said
source: cryptonews.com
After Shock Naver Merger, Upbit Eyes Nasdaq IPO: Report
Upbit, South Korea's largest cryptocurrency exchange, may list on Nasdaq after news surfaced that Naver is preparing to acquire Dunamu, its parent business, in a multibillion-dollar stock-swap transaction.
One of Asia's largest corporate consolidations in digital finance is scheduled to be authorized at board meetings on November 26.
source: cryptonews.com
South Korea May Delay Crypto Tax
South Korea fears a fourth deferral of its virtual asset taxation, scheduled for January 2027, due to infrastructural deficiencies and confusing regulations.
Five years after the tax law's 2020 approval and three delays, authorities have failed to establish critical systems for transaction monitoring, income classification, and cross-border enforcement, casting doubt on the government's latest implementation promise.
A local media quoted Capital Market Research Institute senior researcher Kim Kab-lae as saying that taxation system flaws remain.
“If the government does nothing during the grace period and faces a fourth delay, trust in the tax system itself will collapse,” he said, adding that current conditions could lead to another postponement.
source: cryptonews.com
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