Bitcoin Price Prediction: BTC Rises by 2.50% Following a String of Fundamental Events Bitcoin (BTC), the world's largest cryptocurrency, experienced some gains but remained below the $27,000 mark on Friday morning. Meanwhile, the total value of all cryptocurrencies stood at $1.07 trillion at the time of this report, showing a 2.50% increase in the last 24 hours.https://cryptonews.com/news/bitcoin-price-prediction-btc-rises-by-250-following-string-of-fundamental-events.htm

There's a Long Way Ahead to Make Crypto Safer: Hexens CEO The cryptocurrency industry continues to evolve at a rapid pace, bringing with it a host of cybersecurity challenges. While almost all cryptocurrencies are secured by cryptography, which makes these digital assets immune to hacks, counterfeit, or double-spend, the industry remains vulnerable to a range of external threats. Phishing attacks, malware, vulnerabilities in crypto wallets or exchanges, or flaws in smart contracts are some more notable pain points that can prove costly for users. "The blockchain industry faces evolving cybersecurity challenges, with the primary concern being susceptibility to hacks and fraud due to the possibility of stealing assets by exploiting a single point of failure," Sipan Vardanyan, CEO and Co-Founder at crypto security firm Hexens, told Cryptonews. Vardanyan noted that decentralized technologies, such as blockchain, play a key role in enhancing cybersecurity within the cryptocurrency ecosystem. He pointed out that while these technologies offer enhanced security by removing intermediaries, they also introduce unique risks, including vulnerabilities in smart contracts and bridges. https://cryptonews.com/exclusives/theres-long-way-ahead-make-crypto-safer-hexens-ceo.htm

The JPEX scandal, regarded as potentially the largest financial fraud in Hong Kong's history, has not only harmed thousands of victims but has dealt a significant blow to retail trust in cryptocurrencies in the jurisdiction.

Analysts Believe JPEX Scandal Will Have Significant Negative Impact on Retail Sentiment The JPEX scandal, regarded as potentially the largest financial fraud in Hong Kong's history, has not only harmed thousands of victims but has dealt a significant blow to retail trust in cryptocurrencies in the jurisdiction. Analysts and industry experts have voiced concern that the fallout from the JPEX debacle will present significant challenges for virtual asset companies and hinder the government's efforts to expand the sector. “At a time when people still don’t completely understand what Web3 is, the JPEX case has created a negative impression for people in Hong Kong on digital assets and the broader Web3 industry,” Cyrus Ip, a crypto venture investor and chief business officer at artificial intelligence start-up DreamWld Technology, told the South China Morning Post. JPEX, established in 2021, targeted retail investors through extensive advertising campaigns in prominent business and transportation hubs. https://cryptonews.com/news/analysts-believe-jpex-scandal-will-significant-negative-impact-retail-sentiment.htm

South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies.

70% of South Korean Reported Foreign Assets Are Crypto- Here’s More South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies. On Sept 20, The country’s National Tax Service (NTS) in an official release stated that 5,419 business and individuals reported their financial accounts with the largest chunk held in digital assets. Per the data, the total reported figure of 186.4 trillion won approximately $140 million. This figure represented assets in local and foreign stocks, crypto assets, and cash savings. From this figure, digital assets marked 70% totaling $130.8 trillion approximately $98 million. It was shown that 1,432 institutions and persons own digital assets out of the total number. The report also shows that savings were a significant 22.3 trillion won, about $17 million from 2,952 individuals and businesses while companies with stocks were 1,590 firms reporting 22.3 trillion won about $17.6 million. The country announced a mandatory reporting requirement for firms with 500 million won in accounts abroad. https://cryptonews.com/news/70-of-south-korean-reported-foreign-assets-are-crypto-heres-more.htm

Cryptocurrency exchange CoinEx, that fell victim to a hack last week, is set to start its deposit and withdrawal services for major in cryptocurrencies including Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC), from September 21.

CoinEx to Resume Withdrawals of Certain Cryptos Following Security Breach Cryptocurrency exchange CoinEx, that fell victim to a hack last week, is set to start its deposit and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC), from September 21. Per an official update on Wednesday, CoinEx said that it is working to complete the reconstruction and deployment of the wallet system, along with resuming withdrawals. Furthermore, the exchange is upgrading the deposit addresses for all users. CoinEX warned users of losing tokens if deposited in the old addresses. https://cryptonews.com/news/coinex-resume-withdrawals-of-certain-cryptos-following-security-breach.htm

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