Crypto news

South Korea might be changing its stance regarding taxing cryptocurrency trading profits. Just weeks after the government said that they wouldn’t tax any profits made from digital assets, a new report indicates otherwise. The country could purportedly classify crypto gains in the same category as lottery winnings and thus tax them with 20%.South Korea To Tax Crypto Profits?At the start of 2020, the Ministry of Finance and Strategy said that the current tax law does not consider cryptocurrency...

Ripple price started a major downside correction from close to $0.2550 resistance against the US dollar.The price declined below $0.2400, but it is still trading nicely above the $0.2260 support area.There is a key bullish trend line with support near $0.2265 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to bounce back above $0.2400 unless it breaks the $0.2200 support area.Ripple price is correcting gains from the $0.2540 high against the US Dollar....

Researchers claim Tesla car company will be gaining in the market weight as well as in the electric car sphere. The FANG or FAANG list may change the name to FAAMGT because Microsoft and Tesla are the two big corporations in a hurry to achieve perfection. The corporations in that list are considered by many as the saviors of the American economy.Analysts from Ark Investment Say Tesla to Go BullishCatherine Wood is a professional with a vision who claims that Tesla stock can easily reach the...

Less than 4 months ago, the readers of Forbes magazine were able to see Bernard Arnault having 102 billion. Back then, the man told that he’s small compared to Microsoft. However, today Bernard has 7 billion dollars more than Bill Gates himself. Bill is the third biggest money owner on the planet. And the second one is Jeff Bezos. Yes, he has again lost his status of the richest person of the planet, this time not to Gates but to Arnault.And one only can wonder what those rich people do with...

Peter Schiff cannot access his bitcoin wallet and is blaming his “losses” on the blockchain. Schiff is a boomer in every sense of the word, and his lack of blockchain understanding shows. Maybe he has a secret crush on bitcoin. Peter Schiff has “lost” all of his bitcoin. Or at least he thinks he has. A Sunday morning tweet revealed that he could no longer access his crypto wallet due to a decryption error: Human error or something more sinister? | Source:...

Russian Prime Minister Mikhail Mishustin is looking to implement crypto taxes in his native land.Mishustin: Crypto Must Be TaxedIn a recent interview, Mishustin – a former director of tax agencies in Russia – has said that the country is more than likely to adopt a new crypto tax plan this coming spring. He states:I am convinced that it is necessary to tax such operations and to correctly assess any economic consequences of using cryptocurrencies.Many are thrilled about the addition of...

Initial exchange offerings (IEOs) are getting a bad rap from the Securities and Exchange Commission (SEC), which claims that they’re just initial coin offerings (ICOs) under a different brand.IEOs Are Not What They Claim To BeThe SEC is warning investors to steer clear of IEOs in that they could come from unregulated exchanges. If the exchange itself is not in compliance, this could lead to heavy problems for whoever’s willing to put money into it in that they will not receive investor...

The popular economist and well-known nocoiner, Peter Schiff, has said that he’s lost all of his bitcoins because of a forgotten software. He took his rant to Twitter, outlining that the lost bitcoin has no market value, on top of having no intrinsic value as well. Peter Schiff Loses His BitcoinsPeter Schiff is a well-known economist, as well as a frequent guest on national news and an author. However, he has also chosen to take a very definitive stance on Bitcoin. He’s said on multiple...

New details have emerged in the Craig Wright/ Ira Kleiman case. Reportedly, Wright has gotten a hold of the private keys that will potentially give him access to the secret bitcoin stash he’s been insisting exists for so long. He’s now ready to unlock those funds and hand over what he reportedly owes.Will Craig Wright Hand His Money Over?Lawyers for Craig Wright have told the United States District Court of the southern district of Florida that their client has obtained the keys from a...

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