DaazPrime

DaazPrime

  • Joined: March 9, 2026
  • Articles: 2577

THORChain Restarts Most Swaps, With 14 Nodes Yet to Upgrade

Decentralized liquidity protocol THORChain has successfully resumed the majority of its cross-chain swap operations following a temporary halt. The network paused activities after developers identified a potential vulnerability, prompting a mandatory security upgrade across its infrastructure. While most node operators have swiftly adopted the critical patch, fourteen nodes are still in the process of upgrading. Despite this minor backlog, the core functionality of the protocol is back online, reassuring users and traders about the platform's overall resilience and rapid incident response capabilities.

South Korea’s Ruling Party Formally Seeks Crypto Tax Delay

South Korea’s ruling People Power Party has officially moved to delay the implementation of a contentious 20% tax on digital asset gains by an additional two years, pushing the planned enforcement date to 2027. Originally slated for 2022, the crypto tax has faced repeated postponements due to fierce pushback from retail investors, industry stakeholders, and lawmakers who argue that the market lacks adequate regulatory frameworks and institutional readiness. The ruling party's latest legislative push aims to prevent capital flight and protect everyday investors while the government works to establish a more comprehensive and mature financial ecosystem for virtual assets. This strategic delay highlights the ongoing political balancing act between protecting a burgeoning technological sector and establishing fair taxation in one of the world's most active cryptocurrency markets.