South Korea will introduce taxation of cryptocurrencies excluding NFT from January 1, 2022

Cryptocurrency NewsBy 08/10/2021

South Korean Finance Minister Hong Nam-ki announced that the cryptocurrency tax law will take effect in 2022. At the same time, NFTs are excluded from the legislation. The finance minister said that petitions to postpone the entry into force of taxation of income from cryptocurrencies have been rejected, and the law will enter into force on January 1, 2022. He stated that the South Korean cryptocurrency sector has grown to the size of the stock…

Robinhood launches 24/7 support service

Cryptocurrency NewsBy 07/10/2021

An update to the user support service was presented on the Robinhood website today. Now you can ask the desired question by phone 24 hours a day. Robinhood was the first platform to offer 24/7 support. The Robinhood trading platform has introduced a round-the-clock support service to help clients find out up-to-date information on investments, including in cryptocurrency. “We strive to be close to our customers and believe that 24/7 phone support is an important…

The creator of the NFT Evolved Apes project disappears with the amount of ETH worth $ 2.7 million

Cryptocurrency NewsBy 07/10/2021

The industry has been hit again by fraud. The developer of the NFT Evolved Apes project deleted the Twitter account, the project website and disappeared from ETH for $ 2.7 million. According to the Vice Motherboard, anxiety began to grow among investors in the NFT Evolved Apes project late last week. A few days after the launch of the project, an anonymous developer under the nickname Evil Ape disappeared, having previously deleted the official Twitter…

Upbit exchange will stop serving users without KYC from October 13

Cryptocurrency NewsBy 06/10/2021

From October 6, the Korean exchange Upbit will limit the withdrawal of users’ assets without identification to 1 million won, and from the 13th, it will stop serving such customers. This is due to new restrictions in South Korea. South Korea’s largest cryptocurrency exchange announced changes to its customer verification system. They are linked to mandatory anti-money laundering (AML) requirements. The changes will take effect on October 6, limiting transactions to more than KRW 1…

Kristalina Georgieva: “110 countries are studying state cryptocurrencies”

Cryptocurrency NewsBy 06/10/2021

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said that, according to the organization, the study and development of state cryptocurrencies is being carried out in 110 countries. During a virtual conference organized by Milan’s Bocconi University, Georgieva noted that central banks in more than half of the world’s countries are studying government cryptocurrencies. Of course, the IMF itself did not stand aside – the Fund’s analysts are investigating the possible impact of…

Hong Kong Monetary Authority published the e-HKD White Paper

Cryptocurrency NewsBy 05/10/2021

The Hong Kong Monetary Authority (HKMA) today published a 50-page White Paper describing the potential of the digital Hong Kong dollar – e-HKD. According to the document, the main goal of the project is to create a two-tier system. At the first level, the central bank, it will issue and repurchase the digital currency of the Central Bank. The second is aimed at retail. Commercial banks will be able to use e-money backed by rCBDC…

Marathon Digital received a $ 100 million loan from Silvergate Bank

Cryptocurrency NewsBy 05/10/2021

The revolving line of credit from Silvergate Bank will be available to the mining company Marathon Digital for a year, and then will be renewed by agreement of the parties. Marathon Digital announced that it is using the loan to buy equipment to mine Bitcoin and finance mining operations. The company also expressed hope that Silvergate Bank will renew the loan annually. Marathon Digital CEO Fred Thiele said the company will be able to increase…

Grayscale Investments included SOL and UNI in the GDLC fund

Cryptocurrency NewsBy 04/10/2021

Grayscale Investments added SOL and UNI to the $ 495 million GDLC fund as part of the latest rebalancing. To do this, the company sold part of the fund’s other assets, including BTC. According to Grayscale, as part of the latest quarterly rebalancing of the Digital Large Cap Fund (GDLC), the company added crypto assets SOL and UNI to the investment instrument, which now account for 3.24% and 1.06% of all fund assets. BTC maintains…

Ethermine pool launched the function of “private” transactions without output to a public mempool

Cryptocurrency NewsBy 04/10/2021

The Ethermine pool team has added a “private” transaction feature to improve trading efficiency on DEX. Its support is already present in the Metamask wallet. According to the announcement from the Ethermine team, the Private Remote Procedure Call Endpoint for Ethereum (ETH) feature has been added to the pool toolbox. Thus, traders of DeFi platforms can configure token transactions to be carried out exclusively through Ethermine servers and blocks mined by the pool itself, without…

Evolve Funds Group launched Canada’s first combined Bitcoin and Ethereum ETF

Cryptocurrency NewsBy 01/10/2021

Evolve Funds Group has launched Canada’s first Bitcoin / Ether-linked ETF, the Evolve Cryptocurrencies ETF. It is listed on the Toronto Stock Exchange. Evolve President and CEO Raj Lala said the “multicryptocurrency” ETF will be the first of its kind in Canada and North America in general. Despite the fact that Bitcoin and Ether correlate to some extent with each other, they have different profitability profiles. Therefore, an exchange-traded fund, pegged to two cryptocurrencies at…

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