Cryptocurrency Analysis and News Portal
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said
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Volvo said that the COVID-19 outbreak has severely disrupted the company’s production output and supply chain. However, the company’s overall business with trucks, buses, engines, and construction equipment remained overall profitable.AB Volvo, the Sweden-based truckmaker and automobile giant released its results for Q2 2020. Surprisingly, the company reported better-than-expected profit
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A dollar invested in KNC crypto token at the beginning of 2020 is now worth $6. The supersonic price rally appeared amid an escalating craze around decentralized finance projects. KNC, a DeFi crypto itself, powers Kyber, one of the most active decentralized exchanges by volume. Meanwhile, the token is also at the
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There are many individuals with old mindsets believing that cryptocurrency trading is not profitable and may just result in loss. They also thought that this kind
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South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports.The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament.South Korea’s Ministry of Economy and Finance proposed the amendments to
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Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports. Earlier this week, a local industry blog revealed that the mining giant has accumulated over $300 million in revenue so far this year and is rewarding employees with massive bonuses on Labor Day.Bitmain has
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Credits Blockchain Platform has announced the launch of additional stimulation for its node holders. The award program involves the monthly distribution of CS coins between all owners of Credits nodes entailing more advantageous conditions for receiving cryptocurrency of this platform.The claimed amount of distribution for the March is 400,000 CS,
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Every time while the Bitcoin market volatiles, many investors get to be liquidated and some others grab huge profits. Eventually, we found out the truth that barely investors can survive after waves came and out. As we all know, compared with investing in Bitcoins on the spot trading market, futures
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Saga Monetary Technologies has partnered with ZenGo, making the former’s SGA token storable within the keyless crypto wallet. The deal arrives at a time when interest in low volatility cryptocurrency SGA has peaked in the wake of high profile stablecoin scares. The meltdown of MakerDAO’s crypto-collateralized stablecoin issuance protocol has
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Cryptocurrency and taxation laws are creating a great deal of confusion in South Korea.On Dec. 30, South Korea’s government stated that under current law, it cannot impose income taxes on individuals’ profits from transactions of cryptocurrency. This, however, contrasts with the National Tax Service’s recent imposition of an 80
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