South Korea’s ruling party proposes to delay crypto tax to 2028
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.
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Checkout.com launches 24/7 stablecoin settlement in partnership with Fireblocks
Merchants can now accept payments made through USDC and convert the funds directly into fiat currency. 187 Total views 2 Total shares Global payment processor Checkout.com has launched a new stablecoin settlement system that will allow merchants to process crypto payments from their customers in real time — potentially widening the use cases of stablecoins…

German Financial Watchdog Warns Public About Unauthorized Crypto Offering
The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities.In the warning, BaFin states that Platin Genesis was advertising a "Platinum Coin Crypto Fund" on social media, which it claimed was “approved and released by BaFin.” The…

US Treasury: Blockchain can improve financial system
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.

What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights
Many stakeholders expressed a desire to see more decentralization on the quintessential social media platform for the blockchain industry. 431 Total views 9 Total shares Nearly seven months after Tesla CEO Elon Musk first made a tender offer to purchase social-media giant Twitter, the $44 billion deal finally came to a close, resembling much of…

Game time? Microsoft adopts Ethereum blockchain for gaming royalties
Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft and Big Four firm Ernst & Young announced the expansion of Microsoft’s blockchain-based solution to extend to gaming rights and royalties management.Paul…

Rob from the poor and give to the rich? Robinhood prompts furious backlash after restricting trades
Mere hours after once-popular trading app Robinhood announced it would be suspending purchases of stocks pushed by retail investors on Reddit, and the community backlash has been swift and harsh.This morning, Robinhood said it had restricted transactions for American Airlines, AMC Entertainment, Blackberry, Best Buy, Castor Maritime, Express, GameStop, Koss Corporation, Naked Brand Group, Nokia,…

Mark Yusko: Bitcoin Is a ‘Chaos Hedge, or Schmuck Insurance‘
Morgan Creek Capital CEO Mark Yusko called Bitcoin (BTC) a “chaos hedge, or schmuck insurance,” in an interview with CNBC Fast Money on Aug. 14. Yusko made the comment while explaining the folly in paying too much heed to the daily price movements of BTC.Should we park the narrative of Bitcoin price’s correlation with global…

BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages
BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court. 324 Total views 8 Total shares Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former's acquisition.BitGo took to Twitter on Tuesday to disclose…