South Korea’s 20% Tax on Crypto Gains Will Take Effect in 2022: Report

South Korean Finance Minister and Deputy Prime Minister Hong Nam-ki said his country is moving ahead with its plan to tax gains on cryptocurrency trading starting in 2022, according to a report in The Korea Times. The policy, which will levy a 20% tax on crypto gains of over 2.5 million won ($2,125) made in a one-year period, was originally supposed to go into effect on Oct. 1, but was delayed due to a lack of taxation infrastructure. A previous proposal in September by the ruling Democratic Party of South…

Matt Furie Adds to 2016 NFT Card Collection — ‘Rare Pepe Directory Is Complete,’ Says NFT Wallet Creator – Blockchain Bitcoin News

About five years ago, Bitcoin.com News reported on the notorious Pepe the frog getting added to the blockchain collectible world after the non-fungible token (NFT) cards were minted on the Counterparty protocol in 2016. Now the creator of Pepe the frog, Matt Furie, has added his flare to the mix with a special NFT featuring his original green amphibian creation. Crypto Fans Get Their First Introduction to Counterparty Rare Pepe NFTs in 2016 Back in 2005, when Matt Furie introduced Pepe the frog to the world, he did not expect…

SEC approves Volt Equity ETF providing exposure to Bitcoin-centric companies

The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC). The ETF, which was approved on Oct. 5, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that hold a majority of their net assets in BTC or derive a majority of their earnings from Bitcoin mining, lending or transacting, according to an SEC filing. Eighty percent of the fund’s holdings will be…

On-Chain Data Shows Bitcoin Investors Don’t Want To Sell At This Level

According to on-chain data, Bitcoin SOPR is still assuming flat values, indicating that investors are likely to not be willing to sell at this level. Bitcoin SOPR Stagnates, Despite Huge Rise In The Crypto’s Price As per a post from CryptoQuant, while Bitcoin’s price shows a sharp improvement as the coin reaches $55k for the first time since May, the SOPR is still showing a flattened line. The Spent Output Profit Ratio, or SOPR in short, is a BTC indicator that shows the profit ratio of the whole market. It…

Something Big Is Brewing With Bitcoin

This episode is sponsored by NYDIG. Download this episode On today’s episode, NLW looks at the growing excitement around bitcoin, including: Its decoupling from the stock market What it means that U.S. institutional-focused CME futures are outpacing Deribit retail-focused international futures How bitcoin futures exchange-traded fund (ETF) speculation is driving excitement How growing macro insecurity is driving the BTC narrative See also: Revolution, Macro and Micro: Three Ways to Look at a Bitcoin Investment “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional…

THE CAUSE OF THE BITCOIN CRASH

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today I want to talk about today’s Bitcoin [BTC] crash, did the IMF do it? And why would they? Today’s Sponsor: 💰Earn 7.5% APY + $250 Bonus w/Crypto Deposits 💳Blockfi Bitcoin Reward Credit Card: 🔥Buy Bitcoin & Crypto with your IRA/401K 📈Buy Stocks & Crypto with Webull ($2000 Bonus): ☑️Buy Bitcoin & 300+ Crypto on Kucoin: ☑️Buy Bitcoin & 300+ Crypto on Binance (US): ☑️Buy Bitcoin & 300+ Crypto on Binance (Global): ✅Buy Bitcoin & Crypto and Earn on Voyager App (Free…

The US Wants to Regulate Stablecoins First

It’s recently come to light that the U.S. Securities and Exchange Commission is investigating Circle, a principal backer of the popular USDC stablecoin. CoinDesk’s Danny Nelson broke the story by combing through filings Circle made in preparation of possibly going public. The scope of the watchdog’s investigation, which began last summer, is unknown. Ironically, though, news of the “investigative subpoena” comes at a time when USDC has never been less risky. In its latest attestation from accounting firm Grant Thornton, Circle disclosed that it has divested itself of all but…

US Wants to Regulate Stablecoins First

It’s recently come to light that the U.S. Securities and Exchange Commission is investigating Circle, a principal backer of the popular USDC stablecoin. CoinDesk’s Danny Nelson broke the story by combing through filings Circle made in preparation of possibly going public. The scope of the watchdog’s investigation, which began last summer, is unknown. Ironically, though, news of the “investigative subpoena” comes at a time when USDC has never been less risky. In its latest attestation from accounting firm Grant Thornton, Circle disclosed that it has divested itself of all but…