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Tag Archives: South Korea

South Korean Government Confirms That Crypto Profits Are Not Taxable

As the new year 2020 starts, South Korea has good news for its crypto users. It has stated that income tax can’t be levied on the individual investor’s profit from cryptocurrency operations. This is under the new tax law. However, the government is still reviewing trends from other countries. It is also checking approaches of […]

End Of A Busy Week In The Crypto Space

It is the end of another busy week in both the forex and crypto exchange markets. As expected, the past seven days have been loaded up with activities. Some of the trending headlines included the hacking of UpBit, and the acquisition of the TD Ameritrade by Charles Schwab. These and more have made up the […]

Roundup – 02/05/2019 – ISIS Used Bitcoin to Fund Attack on Christian Church in Sri Lanka & more

ISIS Used Bitcoin to Fund Attack on Christian Church in Sri Lanka The Israeli blockchain analysis company Whitestream has found suspicious transactions on CoinPayments. CoinPayments converts cryptocurrencies into Dollar. The service’s volume went up significantly prior to the Easter bombings. Cited from Globes, Whitestream found out that “[o]n April 20, the day before the Easter […]

Roundup – 02/05/2019 – ISIS Used Bitcoin to Fund Attack on Christian Church in Sri Lanka & more

ISIS Used Bitcoin to Fund Attack on Christian Church in Sri Lanka The Israeli blockchain analysis company Whitestream has found suspicious transactions on CoinPayments. CoinPayments converts cryptocurrencies into Dollar. The service’s volume went up significantly prior to the Easter bombings. Cited from Globes, Whitestream found out that “[o]n April 20, the day before the Easter […]

Roundup – 18/04/2019 – Association of German Banks Joins ITSA to Create Token Standardization & more

Association of German Banks Joins ITSA to Create Token Standardization The Association of German Banks (Bundesverband deutscher Banken (BdB) has become an associated member of the International Token Standardization Association (ITSA). ITSA announced this on the 15th of April on its website. The association aims to create an International Token Identification Number (ITIN). It would […]

South Korea’s KT Corporation Launches Blockchain-Powered 5G Network

South Korea’s largest telecom company KT Corporation, has launched its 5G (fifth generation) network brand that is powered by Blockchain technology. This is according to a Korea Times report on April 16th. Codenamed as GiGa Chain, the integration of the Distributed Ledger Technology on the 5G network aims to provide fool-proof security for Internet-of-Things (IoT) […]

Roundup – 12/03/2019 – Ledger Discloses Trezor Vulnerabilites, Canaan Raised Several Hundred Millions? & more

Ledger Discloses 5 Vulnerabilities of Competitor Trezor In their blog post, has disclosed five vulnerabilities of their competitors’ devices Trezor One and Trezor T. Ledger discloses that they contacted Trezor “about four months ago […] to share five vulnerabilities our Attack Lab uncovered.” They further note that “[a]s always, we gave Trezor a responsible disclosure […]

Roundup – 05/02/19 – Coinsquare Hit by Crypto Winter – Next Exchange to Lay Off Its Staff & more

Coinsquare Hit by Crypto Winter – Next Exchange to Lay Off Its Staff Coinsquare is the most recent exchange that was hit by the crypto winter. The exchange had to layoff 40 of its employees in total which represents a third of Coinsquare’s total staff. Among the laid off employees are also two executives, CFO, […]

How Other Crypto Markets May Benefit From A Ban On ICOs In South Korea

South Korea has maintained its ban on local Crypto initial coin offerings (ICOs). The move by the government last week could end up helping the other major Crypto markets in the region such as Japan and Thailand among others. The report on the official stand of the government was released on Friday by a task […]

Roundup – 29/01/2019 – Tether Moves to Rank 4 On Coinmarketcap.com & more

Tether Moves to Rank 4 On Coinmarketcap.com Tether Has Become the fourth largest cryptocurrency by market capitalization. The stablecoin has overtook EOS’s rank. The current situation is a consequence of the Bitcoin Cash fork in November which seemed to have catalyzed the selloff below the $6000 support on the Bitcoin chart. Bitcoin Cash which ranked […]
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