Month: August 2022

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies – Taxes Bitcoin News

boss

South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets to Dodge Taxes The National Tax Service (NTS) of South Korea intends to take severe actions against tax evasion practices relying on virtual assets, such as cryptocurrencies, and platforms operating with them, the Korea Herald…

Ethereum’s Last Rehearsal Before the Merge

Just last week, Ethereum developers announced the parameters for which the Goerli merge will occur. The test is a two-step process, with the first step happening most likely today or tomorrow (August 3-4). This first step is known as Bellatrix, which is when Goerli’s Beacon Chain, Prater, upgrades in preparation for the testnet merge. Bellatrix will be completed at epoch 112,260. Once Bellatrix is activated, it will next merge with Goerli when it hits a Terminal Total Difficulty (TTD) of 10,790,000. After the two merge, Goerli will continue to run…

Rune Could Be Set For A Rally As Buyers Step In

Rune could be set for a relief bounce despite having difficulty breaking the daily resistance. The crypto market saw a setback in price after Bitcoin (BTC) saw a retracement back to a key support area leading to a drawback to the likes of Rune, but the market state indicates Rune could be set for a rally. Rune Weekly Chart Analysis The price of Rune has seen a continuous downtrend from a high of $12 to a low of $1.6 in weeks for what seems to be more than an 80%…

Solana wallets ‘compromised and abandoned’ as users warned of scam solutions

boss

The cryptocurrency ecosystem has been rocked by a widespread exploit targeting Solana wallets that have been ongoing since Aug. 3. Phantom and Slope, two Solana-based wallet services, initially flagged the attack on their social media platforms, alongside a host of cryptocurrency influencers, blockchain analytic and security firms and victims of the hack as it continued to unfold. A handful of commentators noted that attackers had gained access to user private keys, as transactions were signed on the chain legitimately. Ava Labs CEO and founder Emin Gun Sirer estimated that more…

What are crypto pump and dump groups? Are they legal?

Pump-and-dump operations, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. For instance, con artists with shares in the South Sea Company started making false statements about the business and its revenues in the beginning of the eighteenth century.  The plan was to inflate the stock price artificially before selling it to uninformed consumers misled into thinking they were investing in a promising good. Contemporary con artists are following their example with a pump-and-dump strategy known as the South Sea Bubble.…

Bank of America Dismisses Assertion That Blockchains Have no Intrinsic Value, Citing Transaction Fees

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Latest Cloud Mining Website for Crypto Coins | New Cloud Mining Bitcoin Site 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I’m not a financial adviser and these videos are just for entertainment & educational purposes only and should not be taken as professional investment advice. Knightron Crypto and its video creators shall not be held liable for any loss, so before you invest do your research and your responsible for your own financial loss To Know More Watch The video Completely👍😍 Watch Carefully🤑🤑 Website link – Telegram Channel: Register on CoinBase: Previous Giveaway Winner Announcement Video (200$ For Everyone) Download Binance And…

Inflation punishes the prudent while Bitcoin gives future hope — Jordan Peterson

boss

The ability to save up is an essential tool for self-regulation and planning for the future, but when inflation becomes uncontrollable, those who put in their efforts to delay gratification get punished for their choice. On the other hand, Bitcoin (BTC) does the opposite, according to clinical psychologist Jordan Peterson.  In the show called What is Money?, Peterson joined the Bitcoin entrepreneur Robert Breedlove to talk about money and discuss the effects of fiat inflation on people who forego instant gratification and how Bitcoin gives hope for the future. According…

Brazil Might Approve Its Cryptocurrency Law This Week – Regulation Bitcoin News

boss

This week, the Chamber of Deputies in Brazil might approve a cryptocurrency bill introduced earlier this year. According to the leader of the Federal Government in the Chamber, Ricardo Barros, the bill is set to be discussed, but there are still no reports on a possible vote as the Chamber is set to also discuss other time-sensitive bills. Cryptocurrency Bill on Agenda to Be Discussed This Week Brazil is getting closer to regulating cryptocurrency assets and virtual asset service providers (VASPs). The cryptocurrency bill, identified with the number 4.401/2021, is…