The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual assets with economic value are paid out, media reports said. Gift Tax on Airdrops Recently, the South Korean finance...Read More
BendDAO – a lending protocol for non-fungible tokens (NFTs) – is the latest project to have been hit with an insolvency crisis. The five-month-old platform has reportedly run out of ETH over the weekend. According to the researcher, NFTStatistics.eth, BendDAO is just left with 12.5 WETH in the contract. The lenders of BendDAO have landed...Read More
Crypto security companies are raking in a fortune despite the bear market that has bloodied firms across the rest of the industry. Zeth Couceiro – founder of crypto recruitment company Plexus Resource Solutions – recently told Bloomberg that salaries for experienced blockchain auditors can run as high as $400,000 per year. Overwhelming Demand for Auditors...Read More
A reported 31% of Cardano’s staking pool operator (SPO) nodes are now running the protocol’s latest software. The update fixes a critical bug found in Cardano’s previous implementation, which raised questions about whether the network’s upcoming Vasil hard fork should be postponed. According to data from PoolTool, about 55% of nodes are still operating on...Read More
Coinbase is pleased to share the addition of PayPal to the Travel Rule Universal Solution Technology (TRUST) network. TRUST is a global, industry-driven solution designed to increase compliance with a requirement known as the Travel Rule while prioritizing the security and privacy of customers. PayPal has been a leader in digital payments for more than...Read More
[PRESS RELEASE – Please Read Disclaimer] Organizers of Bitcoin 2022 promise “No region left behind” as it targets Hyperbitcoinization in Europe Bitcoin Magazine, organizers of the world’s largest and longest-running Bitcoin conference, Bitcoin 2022, today announces, in collaboration with Amsterdam Decentralized and Westergas, the launch of its first European-focused event, Bitcoin Amsterdam. The conference runs...Read More
South Korean securities companies have reportedly set their focus on the crypto industry and plan to set up digital asset exchanges in the first half of 2023. Such firms include Mirae Asset Securities and Samsung Securities. The domestic financial regulators have been quite strict with crypto-related entities in the past few years. Last year, prompted...Read More
Ethereum Network is gearing up for the Merger this September in line with the broader Ethereum community. While ETH’s price was well on track to reach the initial target beyond $2000, the past weekend’s plunge squashed the possibilities of achieving these levels. Previously, the asset has displayed a fakeout which appears to repeat with the...Read More
In the last seven days, Bitcoin’s price has experienced the biggest decline in the last two months after the price dropped by 10%. The market speculators have revealed that Bitcoin has overtaken the technical charts heading toward a bearish pullback. According to a financing service platform, Legacy Finance, a bear market is a situation where...Read More
Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge. As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion. All mainnet nodes will...Read More
[PRESS RELEASE – Lake Geneva, Wisconsin, 21st August 2022] Cryft, a BNB Chain project that’s part of the SafeMoon ecosystem, has launched its own gift cards. Cryft Cards enable anyone to give crypto in the form of a virtual card, providing an opportunity to “gift the moon” to friends, family and loved ones. Crfyt’s creation...Read More
The government of Australia reportedly plans to identify which cryptocurrencies are widely used in the country and place them under a regulatory framework by the end of 2022. Numerous Australian politicians have hinted about a possible crypto regulatory plan over the past few years. Earlier in2022, the Labor Party won the elections, while its leader...Read More
The Founder and CEO of the Thai-based crypto platform Zipmex – Marcus Lim – said he will stay in charge of the company unless the new major shareholders force him to resign. The firm halted customer withdrawals last month, but the executive vowed to reimburse all affected users. It is safe to say that Zipmex...Read More
For centuries, borrowing and lending have been a core component of financial transactions. Borrowing and lending have aided parties involved in the transaction to make profits. Aside from borrowing and lending, swapping assets is another integral feature of finance. Even archaic financial models like the trade and barter system involved the swapping of assets. Today,...Read More
