Cryptocurrency Analysis and News Portal
South Korea’s Ministry of Economy and Finance has declared that from next year, it will be introducing new measures to impose taxes on cryptocurrency holdings. This move comes after South Korea has already established a legal framework for crypto.According to new regulations by the South Korean government, the country will
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The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the first half of 2020.In parallel, the
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In a letter sent to Multicoin’s investors last month, the firm said, "a significant amount of information travels through word of mouth, WeChat groups, and Mandarin-only social media properties." As such, the letter said, Mable’s job will be to close the information gap. Source
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Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally.On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320 million. The funds will allow the company
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Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company’s compliance strategy.On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, which is an open platform that makes financial tools accessible to anyone with a
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Although the stock market has been hitting new highs, analysts have warned investors to stay cautious during these times. Otavio Costa, an analyst at Crescat Capital said that it is the ideal time for investors to buy and accumulate gold.In an in-depth analysis, Costa explained that the Treasury Yield Curve
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There are more than 60 contributors to the Celo project internationally, including the World Bank Group and the UN; tech firms like Google, Square, Microsoft and Apple; financial companies such as PayPal and Morgan Stanley; and academics from MIT, Stanford, Harvard and Berkeley. Source
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Bison Trails has secured a $25.5 million Series A round led by Blockchain Capital to develop the firm’s infrastructure services. Source
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Blockchain Venture Capital Inc. (BVCI), one of Canada’s biggest blockchain enterprises, expressed profound joy as it announced the addition of a new virtual currency to its increasing list: the stablecoin CUSD.The blockchain-oriented firm is known for driving industry changes in the sector. And barely four months after the launch of
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Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari.Who’s who of new investorsOn Nov. 13, Messari announced that it had closed a $4 million funding round led by Uncork Capital, with participation from other top investors including
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