The South Korean government could introduce capital gains tax on crypto earnings – and may unveil its proposals as early as next month. Per a report from Digital Today, the South Korean Ministry of Economy and Finance is seriously considering imposing the same sort of tax rules on crypto earnings as those it currently uses…
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South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.” Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing profitable cryptocurrency sales, as well as the…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Security news Crypto wallet providers Trezor and Ledger have denied claims that their databases have been compromised via a Shopify exploit that a Twitter user claims was carried out by the…
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A crisis will inevitably happen for any company – but how it reacts to it and communicates it to the public can make or break it. Let’s take a look at how two different teams in the Cryptoverse communicated their recent incidents and what advice communication professionals offered. BlockFi: head-in-the-sand (almost) On May 19 it…
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There is new hope for the Brazilian crypto exchanges whose banking activities were halted abruptly some two years ago by a collective comprising some of the nation’s top commercial banks. Per news agency FolhaPress, the Brazilian finance watchdog, the Administrative Council for Economic Defense (known locally as the CADE) has voted in favor of a…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. M&A news New York-based institutional trading firm Genesis has announced its acquisition of Vo1t, an insured digital custody service. Per the press release, the addition will supplement Genesis’s Read more »Pay,…
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The State Duma, the Russian parliament, is reportedly set to vote on new legislation that would propose to make illegal crypto trading a criminal offense that would be punishable with jail time. Per RBC, Telegram users in Russia say that they have seen draft amendments to two Russian laws that pertain to the nation’s criminal…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Security news South Korea’s market-leading security software provider AhnLabs has warned of a new malware threat that alters crypto wallet addresses, per Money Today. AhnLabs states that the malware, Read more…
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Major crypto companies are still experiencing serious problems in May as BlockFi revealed that it suffered a data breach on May 14, while BitMEX Trading Engine went down today. Crypto lender BlockFi said that the perpetrator attempted to make unauthorized withdrawals of client funds using the platform, but only managed to access clients’ personal information…
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Crypto exchanges Gemini and Coinbase become the first crypto clients of the major investment bank JPMorgan Chase, the Wall Street Journal reported today, citing undisclosed people familiar with the matter. (Updated at 13:20 UTC: updates throughout the entire text). Coinbase and Gemini’s account were approved in April, while transactions are starting to be processed, the…
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