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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EU enacts crypto regulations to combat money laundering
The new legislation would impact crypto-asset service providers, like centralized crypto exchanges under MiCA.
This unknown cryptocurrency soared by 164,842% in hours, only to crash 99%
About $7.65 billion entered the cryptocurrency market in just three hours via a widely unknown altcoin on June 14.Dubbed as WebDollar (WEBD), the token's per-unit price surged from $0.0003711 to $0.6121 between 0900 GMT and 1200 GMT. That marked a little over 164,842% gains in its market valuation. Nevertheless, the price spike accompanied declines in volumes;…
BitMEX on User Info Leak: No Data Was Disclosed Beyond Emails
BitMEX, the biggest crypto exchange by trade volume to date, says that no other data except email addresses has been disclosed in a recent email leak.“At no point were any of our core systems at risk”After the first reports on the accident on Nov. 1, BitMEX released an official statement on the issue Nov. 4,…
Square Lowers Its Q1 Estimates by $800M Despite Bitcoin Success
Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis.According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago:“While the beginning of March was relatively in line…
Price analysis 8/9: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT
Bitcoin’s rebound off $28,701 on Aug. 7 shows that lower levels continue to attract buyers. The recovery has kept the price stuck inside the range as traders await the start of a new trending move. A recent report by ARK Invest says that “Bitcoin’s volatility dropped to a 6-year low during July.” Traders who expected a strong…
Roaring Kitty fraud suit dropped, Ethereum Foundation hacked, and more: Hodler’s Digest, June 30 – July 6
Roaring Kitty fraud lawsuit voluntarily dropped, Ethereum Foundation email server hacked, and Circle becomes first MiCA-compliant stablecoin issuer.
Bitcoin price risks $25K dip despite ‘macro pivot point’ — New analysis
Bitcoin (BTC) faces a “breakdown” and distribution despite a new macroeconomic paradigm being around the corner.That was one of the conclusions of quantitative Bitcoin and digital asset fund Capriole Investments, which, in its latest update, warned that Bitcoin was “not yet” ready to flip bullish.Capriole: Bitcoin fundamentals say “not yet”United States equities are booming, and…
Unibright to Pilot Blockchain-Based Renewable Energy Trading in Germany
On March 9, blockchain technology provider Unibright (UBT) announced a partnership with German startup Wasserkraft Mittelrhein to use the Unibright Framework to facilitate decentralized renewable energy trading.The partnership will see the firm join Wasserkraft Mittelrhein to facilitate trading, monitoring and data analysis of renewable energy produced by decentralized power plants using the Unibright Framework.Unibright proposes…