South Korea’s Democratic Party pushes to implement 20% crypto tax in 2025

Crypto investment bank Galaxy Digital had a net loss of $272.7 million in 2018, the company announced in a news release on April 29.According to The Block, CEO Michael Novogratz said the final quarter of the year for the crypto industry “felt a little bit like watching Game of Thrones last night” — alluding to…

Senators putting forth differing amendments for provisions in the infrastructure deal which apply to crypto have reached a compromise after a legislative setback. In a press conference today, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684 backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema,…

Telegram Open Network is off to a very uncertain future. Earlier this week, Telegram CEO Pavel Durov announced his company’s “active involvement with TON” was over, following a drawn-out legal battle with the United States Securities and Exchange Commission.The project remains decentralized, however. Although TON lost its main ideologist, an independent community of validators has…

Ransomware hackers initially demanded $10 million to restore access to travel firm CWT’s computers and delete any stolen data. 504 Total views 15 Total shares U.S.-based corporate travel firm CWT paid $4.5 million in a Bitcoin ransom to hackers who stole sensitive files from the company.According to a July 31 report from Reuters, representatives from…

Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader teases BTC long as $16,500 reappearsData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels untouched overnight.The pair had seen a flash downturn after the Nov. 27 weekly close…

Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch. The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new research report from…

Twitter user Gofortim2 called out to lending platforms to become more transparent and honest on where assets are deployed. 450 Total views 6 Total shares Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some…

Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes. 372 Total views 22 Total shares Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.The pair reportedly persuaded their thousands of…

China’s Ping An Insurance, one of the world's largest insurance company groups, has released a "White Paper on Smart Cities," advocating for blockchain tech, AI, big data, and cloud computing, People’s Daily reports August 22. Ping An Insurance, a Chinese conglomerate with operations in insurance, banking, and financial services, was ranked the third most valuable…