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South Korean Crypto Circles Criticize Tax Perks Exclusion

South Korean Crypto Circles Criticize Tax Perks Exclusion

The recent decision to exclude South Korean cryptocurrency exchanges from the proposed tax benefits for “New-Growth Technologies” has been met with significant backlash from three leading blockchain associations. Controversial proposal The South Korean Ministry of Small and Medium-sized Enterprises (SMEs) has ruled that cryptocurrency trading platforms are to be treated in the same ilk as entertainment or gambling businesses and …


Crypto Investor Sues AT&T for $224M After Phone Hack Losses

Crypto Investor Sues AT&T for $224M After Phone Hack Losses

A cryptocurrency investor in the US has filed a lawsuit against his cell phone service provider AT&T on the grounds of gross security negligence that lead to his personal loss of USD 24 million in crypto. The plaintiff, California resident Michael Terpin, filed a 69-page complaint with the US District Court in Los Angeles on Wednesday alleging that AT&T not only violated its statutory …


Hungary Working on Crypto Regulatory Framework

Hungary Working on Crypto Regulatory Framework

Hungary is reported to working on a framework to regulate cryptocurrency trading through a joint workgroup set up for this purpose. The county is currently far from being a crypto haven with steep taxation and a lack of recognition by the country’s ministry of finance and banking system. Despite this stance, the country, like a few others, dabbled with a …


China Aerospace Industry Turns to Blockchain for Invoicing Issues

China Aerospace Industry Turns to Blockchain for Invoicing Issues

The Chinese State Aerospace Industry is looking to utilizing blockchain technology to update some of its electronic invoicing. According to a government announcement posted by State Administration of Science, Technology and Industry for National Defence, China Aerospace Science and Industry Corporation Ltd will be fulfilling state plans for using blockchain for invoicing for tax purposes. The government website article reportedly …


South Korea’s $4.4B Innovation Plan Gives Blockchain Fiscal Support

South Korea's $4.4B Innovation Plan Gives Blockchain Fiscal Support

The South Korean Ministry of Economy and Finance has announced that the government will be investing KRW 5 trillion (USD 4.4 billion) into innovative industries in 2019, including blockchain technology. Major increase The press release from 13 August, ‘Growth through Innovation Investment Plan’, reveals the rationale behind a KRW 2 trillion increase in investment from 2018 to 2019. Furthermore, the …


Bitcoin News Radio Show, 15th August 2018

Bitcoin News Radio Show

Listen to the 15 August 2018 Bitcoin News Radio Show below. On this edition of the show, we start with a Bitcoin market update. We then discuss how Venezuela is adopting the Petro as their national cryptocurrency. After that, we discuss how blockchain size is making it hard to download Bitcoin. Hear about the BitMEX CEO calling Ethereum a shitcoin …


Draft Proposal from EU Official Proposes ICO Regulations

Draft Proposal from EU Official Proposes ICO Regulations

Initial coin offerings (ICOs) could be receiving acknowledgment toward a legitimized future, according to a draft report on regulations from the European Parliament. The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published a draft report that offers insights to new regulatory frameworks for crowdfunding; interestingly, ICOs received a notable mention. Bullish backing According to the draft, while …


Ethereum Founder and Coinbase CEO See Positive Growth in Crypto

Ethereum Founder and Coinbase CEO See Positive Growth in Crypto

Joe Lubin, co-founder of Ethereum, has commented that the fall in recent cryptocurrency prices is no constraint to future positive market growth. The comments were made in an interview with Bloomberg yesterday when the ConsenSys CEO indicated that the big picture was the relevant factor for investors, and not to focus on “pimples on a chart” as he put it, …


Will Bitcoin Accelerate the End of Fiat Currency?

Will Bitcoin Accelerate the End of Fiat Currency?

National fiat currencies have dominated the world financial system for centuries. The first fiat currency dates back to 11th century China and was widely used under the Yuan and Ming dynasties. Fiat currency didn’t really take hold until bills of credit became widespread in 18th and 19th century America. Generally, fiat currencies could be redeemed for gold or silver but this …


Jamaica Stock Exchange to Offer Cryptocurrency

Jamaica Stock Exchange to Offer Cryptocurrency

The Jamaica Stock Exchange (JSE) announced on 14 August 2018 that it will begin offering cryptocurrencies for trading by the end of 2018. The JSE has signed a memorandum of understanding (MoU) with blockchain and crypto firm Blockstation, who will be developing a digital assets platform for JSE. It will create the cryptocurrency side of the platform, while the JSE …


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Crypto Currency Price 24H % Change
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18.16%
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XMR
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7.91%
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6.75%
NEO
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7.32%
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