Four important news in the crypto field

1. Bitcoin software vulnerabilities and updates

Bitcoin developers disclosed that Bitcoin Core versions before v25.0 have a high-risk vulnerability CVE-2024-35202. More than 13% of nodes running related versions worldwide are at risk of remote shutdown. The vulnerability stems from the dense block protocol. Attackers can manipulate transaction identifier conflicts to make nodes request complete blocks, and the old version of the software has flaws in processing subsequent message logic, which can cause nodes to crash. Although there is no economic benefit to ordinary attackers, Niklas Gögge discovered and disclosed this vulnerability, Bitcoin Core 25.0 has been resolved, and node operators are strongly recommended to update the software.

2. JPMorgan Chase CEO talks about economic prospects

JPMorgan Chase CEO Jamie Dimon was cautious about the economic outlook in the earnings call. He is concerned about global geopolitical instability, saying that the situation is dangerous and worsening, which will have a profound impact on the economy and may also cause chaos in global markets. At the same time, he talked about the US economy, which is still strong despite cooling inflation, but there are potential risks such as fiscal deficits and infrastructure needs, and emphasized the need to be prepared for unpredictable economic changes.

3. South African Revenue Service Crypto Asset Initiative

The South African Revenue Service has included cryptocurrencies in its compliance program and sought user information from the FSCA and crypto service providers. It is committed to simplifying compliance work because it has found that taxpayers have not reported crypto assets and transactions in their returns. SARS emphasizes that crypto-related income and assets must be accounted for according to law, has strengthened its audit team and adopted new technologies, and warned that deliberate tax evasion has serious consequences.

4. More robberies of crypto traders

Chain detective ZachXBT has found that robberies targeting crypto traders have increased recently. Such cases have been high in Western Europe in the past few months. He has received many messages from victims and disclosed a $4.3 million robbery. GitHub data shows at least 15 offline crypto robberies in the past year, about 17 in 2023, and 32 in 2021. He reminded people to avoid sharing information about crypto assets and not to show off on social media.