The South Korean government has finally decided to tax cryptocurrency profits starting from 2023. Following a government-issued amendment on Wednesday, the country will proceed to tax profits from cryptocurrency trading. The legislative notice will last until January 21, and there is a possibility that the amendment will be passed next
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DeFi is currently the hottest trend within the cryptocurrency space, and for a reason. The sector aims to decentralize every aspect of the traditional financial industry, making services like credit, insurance, and others available to all. Services that haven't been easily accessible to all society members, especially those
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Promoting a cryptocurrency or blockchain project is possible through multiple tools. one reliable option is Telegram crypto groups. They are widely accessible and easy to get into, assuming one plays their cards right. Don't Underestimate Telegram Crypto Groups A significant portion of all cryptocurrency and blockchain discussions take
The second-largest cryptocurrency, Ethereum, is now sitting on a list of the top-100 assets in the world. Following the asset’s recent price rally, Ethereum now stands ahead of prominent brands such as Citigroup, Wells Fargo, Shopify, SONY, and total. Going by the data on AssetDash, Ethereum currently ranks 71
Two years after famous investor Warren Buffett called Bitcoin “probably rat poison squared,” financial analyst Bill Miller has come out to agree with him but in a different way. In his 2020 fourth-quarter market letter, Miller affirmed that Bitcoin could indeed be a rat poison but if it were, then
Since PayPal rolled out its crypto service to U.S. account holders in November, Bitcoin buying and selling volumes on its platform have surged by more than 500% in the last 2 months. Data reveals that transaction volumes have risen from around $20 million in November to more than $100
It is a gravitational law that whatever goes up must come down. And since we are still on earth, many crypto pundits have called for a Bitcoin correction. Unless the digital asset has finally gone to the “moon,” the warnings of several industry analysts and observers may come to pass
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Following the announcement by the Financial Conduct Authority (FCA) in October 2020 to restrict the sales of crypto derivatives to retail consumers, the ban has gone into effect from today, January 6, 2021. What this means is that CFDs, options, ETNs, and futures that reference cryptocurrencies can no longer be
Following its recent massive Bull Run since November last year, Bitcoin has risen to become the eighth largest asset in the world. With its market cap now above $650 billion, Bitcoin has overtaken Taiwan Semiconductor Company and Alibaba Group Holding to become the eighth-largest asset in the world, according to
The world’s largest crypto hedge fund, Grayscale, has topped up on more Bitcoin. The firm does not appear to be slowing down, an indication that more investors are rushing to put their money in digital currencies. In a tweet on January 5, Barry Silbert’s Grayscale Investments revealed that
Following Ripple’s unfolding case with the U.S. Securities and Exchange Commission (SEC), investors’ uncertainty is on the rise and many have chosen to walk the cautious path. On this note, many investors are abandoning the Ripple ship. Recent data from Coin Metrics, a crypto and blockchain data provider,
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The Freeport Area of Bataan (FAB) is a special economic zone measured at around 42,000 acres just a two and a half hour drive, fifty-five minute boat ride or a twenty-five minute helicopter flight from Manila. At present, at least 80% of all the investments in the ecozone come
In what can be considered a joke, Dallas Mavericks owner and Shark Tank star, Mark Cuban, said that he would run for president if Bitcoin hits $1 million. His statement came in response to a tweet from billionaire Chamath Palihapitiya. There will be a viable third political party in the
According to an announcement from the Office of the Comptroller of the Currency (OCC), US banks can now use public blockchains and stablecoins to execute payments and other bank-permissible functions. The OCC is a part of the country’s Treasury and one of the largest banking regulators. Following the new
A team of market analysts at JPMorgan told investors on Monday that Bitcoin could reach $146,000 or higher in the long run. Led by Nikolaos Panigirtzoglou, the analysts opined that Bitcoin could become a strong competitor to gold. According to an article published by Bloomberg on January 5, Panigirtzoglou
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Ethereum’s founder, Vitalik Buterin, has thrown some jabs at gold in his endnote on 2020. While arguing that cryptocurrencies are grossly underrated, Buterin called gold “lame.” According to Buterin, digital assets will continue to gain popularity and in the long-term, they would eclipse gold. “One of the more underrated