Category Archives: Cryptocurrency News

Thailand Introduces Capital Gains Tax For Cryptocurrency Traders

The Kingdom of Thailand is tightening regulations for miners and introducing a capital gains tax on cryptoasset transactions. While the Kingdom’s Ministry of Tourism is trying to stimulate the nascent crypto industry, attract crypto asset owners to the country and revive the coronavirus-affected tourism industry, these efforts are being thwarted by the government, which intends to further tighten regulation of cryptoasset transactions. According to a Bangkok Post source in the Thai Ministry of Finance, from…

South Korean presidential candidate will issue an NFT for campaign finance

The Democratic Party of South Korea is the first in the world to use collectible tokens for political purposes. The ruling Democratic Party of Korea (KDP) has announced plans to release an NFT featuring its presidential nominee to fund his campaign campaign. The fundraising plan involves accepting donations in cryptocurrency; in return, donors will be issued receipts in the form of NFTs with photographs of the candidate or his campaign promises. The election is set…

Moneygram acquired a 4% stake in crypto ATM operator Coinme

Payment operator MoneyGram has become a minority shareholder in crypto ATM operator Coinme. According to MoneyGram, the company’s investment policy is a continuation of the strategic partnership with cryptocurrency exchange Coinme, which the parties announced in May 2021. The integration of MoneyGram and Coinme will provide customers with a quick and easy way to conduct foreign exchange transactions, buy BTC for cash and withdraw money back to fiat. The parties do not disclose the actual…

Salvador will issue bonds in bitcoins for $ 1 billion

Bills to create legal support for the issue of Volcano Bonds denominated in bitcoins have been sent to the El Salvadorian Congress. El Salvador’s Finance Minister Alejandro Zelaya said that bills would soon be brought before Congress to ensure the legitimacy of the Volcano Bonds, Reuters reported. The government continues to work to create a legal framework governing the issuance of Bitcoin-denominated securities. The twenty bills to be approved in Congress are aimed at “providing…

Public testing of a mobile digital yuan wallet has begun in China.

The developers of the digital yuan wallet have released a pilot version of a mobile application for working with e-CNY. The app is available for both iOS and Android users. According to a local publication BlockBeats, some Chinese residents may “open and manage” a digital yuan wallet. The mobile wallet also supports e-CNY exchange and forwarding functions. The application was developed by the Digital Currency Research Institute at the People’s Bank of China. However, not…

DeFi Tinyman Project Lost $ 3 Million Crypto Assets As A Result Of Cyberattack

The developers of the DeFi project Tinyman reported that hackers took advantage of a previously unknown vulnerability in a smart contract designed to burn tokens and withdrew $ 3 million worth of crypto assets. According to a blog post on the project, the hackers created and activated wallet addresses, after which they made a test deposit for the subsequent hacking of the protocol. The attackers then conducted transactions with the target pools, exchanged part of…

Israeli authorities will confiscate $ 840,000 worth of cryptocurrency from the wallets of an exchange linked to the Hamas

Israeli Defense Minister Benjamin Gantz signed an order to confiscate about $ 840,000 worth of cryptocurrency from the wallets of the al-Mathaddon exchange linked to the Hamas. In the last week of 2021, Israeli Defense Minister Benjamin Gantz approved an order to confiscate a cryptocurrency worth 2.6 million shekels (about $ 836,467) from the al-Mathaddon exchange, owned by the Malach family and linked to the Hamas terrorist movement. The security service clarified that the company…

Samsung’s new TVs will support NFT

South Korean electronics and home appliance maker Samsung plans to add collectible token purchases to several of its smart TV lines. As noted in the announcement, NFT support will be received by the MICRO LED, Neo QLED and The Frame TV lines. Collectible token support will be added to the Smart Hub system. In addition to NFT, the system will support cloud games and video calls. The statement highlights: “With the growing demand for NFTs,…

Square Enix plans to start developing decentralized games

Leading Japanese PC game publisher Square Enix plans to give “maximum attention” to the development of blockchain-enabled games and collectible tokens in 2022. Square Enix President Yosuke Matsuda has released a letter of New Year’s greetings and plans for the company. Most of the letter was devoted to “decentralized games” – projects with blockchain and NFT support. Matsuda expressed the hope that such games will become a new trend in the development of computer games.…

Floki Inu community tries to list on leading cryptocurrency exchanges

The community of the “meme token” Floki Inu, accidentally advertised by Elon Musk, launched petitions on Change.org for listing on Binance, Coinbase and Kraken. According to the terms of the petition, it will be sent to the Kraken exchange after it has collected 5,000 signatures. At the same time, the authors of the petition emphasize that “the volumes of FLOKI have become very significant even without listing on large cryptocurrency exchanges, and this indicates a…