The South Korean crypto exchange operator Dunamu is set to accrue a tax bill of a whopping KRW 1trn (USD 843m) following the most successful year yet for its Upbit trading platform. According to Donga, Dunamu posted cumulative operating profits of USD 2.2bn in the first three quarters of the current financial year. … Read…
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US crypto exchange Coinbase is gearing towards a trading fees compression as part of the company’s drive towards diversifying from trading fees and towards increasingly relying on revenue from subscription services. Trading fee compression will come down “at some point,” Emilie Choi, President and Chief Operating Officer at Coinbase said during a Goldman Sachs…
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One of the most underdeveloped use cases of blockchain technology is digital identity and it could also help improve interoperability between different protocols, according to Lars Seier Christensen, Chairman of Concordium, an enterprise blockchain solution for businesses. … Read More: Watch: Concordium’s Chairman on Digital Identity, Growth Plans, Crypto Trends, and More Read more »Pay, Trade,…
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Alex Lightman, Executive Chairman and President of a European crypto exchange CoinField that operates in 193 countries, claims that exchange tokens will outperform other cryptoassets as the company is now preparing to launch its own, somewhat unusual coin. Per Lightman, this utility token aims to help solve the food inflation problem in developing countries….…
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Nym, a developer of a decentralized privacy infrastructure, has raised USD 13m in a Series A funding round, as the startup prepares to launch its mainnet in the coming months…. Read More: Watch: Nym’s CEO on Mainnet Launch, Privacy Trends, and More Read more »Pay, Trade, Buy Bitcoin with Credit Card
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto…
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