headlines
headlines
Sources Informed: South Korean Finance Ministry Considering 20% Tax on Crypto Trading Income
digital currency
South Korea’s finance ministry has been considering a 20 percent tax on cryptocurrency trading revenue, but has not yet finalized it, according to officials. The Treasury Department recently ordered its income tax office to review a tax plan targeting cryptocurrencies, officials said. The tax office has previously reviewed the plan. The move has sparked speculation that the government may classify gains from cryptocurrency trading as other income rather than capital gains. A government official, speaking on condition of anonymity, said the Ministry of Finance has not yet finalized plans to tax cryptocurrencies, though a 20 percent tax on cryptocurrencies is possible. (The Korea Times)
digital currency
17,000 Cryptopia stolen ETH have been laundered and transferred
The Beijing Chainsmap monitoring system found that the 17,000 stolen ETHs from Cryptopia gathered at the address starting with 0x93db had been transferred. On Sunday, Beijing time, this address once transferred 3,400 ETHs to the active money laundering relay address starting with 0x341a at that time. ETH completes money laundering. The rest of the remaining ETH was transferred to addresses starting with 0x3397 in two large transfers, and then more than 400 ETHs were transferred in batches to three addresses. These addresses are the same as those used for money laundering on Sunday, and they all belong to 60cek.org.
According to the XRP data statistics website XRPArcade, 38 of the world's top 100 banks ranked by total assets have tested, integrated or invested in Ripple's remittance technology. Of these 38, 18 are using Ripple technology. (Daily Hodl)
IOHK CEO: Cardano will usher in the OBFT hard fork in mid-February
Charles Hoskinson, CEO of blockchain engineering company IOHK, revealed that the Cardano ecosystem will "welcome" the OBFT hard fork in mid-February. Hoskinson said the firm has been in talks with exchange partners to ensure the “infrastructure is in place” for the hard fork. (AMBCrypto)
ENU Avocado Team's new project YAS mainnet has been officially launched
Blockchain industry
Blockchain industry
Beijing will use blockchain and other new technologies to establish a medical insurance fund supervision and management platform
On January 20, the 2020 Beijing Medical Security Work Conference was held. It is understood that this year, Beijing will optimize the normal warning and cross-flight inspection mechanism for cracking down on fraudulent insurance fraud, and research and issue the "Specifications for the Use of Medical Insurance Funds in Beijing's Designated Medical Institutions" to regulate the use of funds at the source; at the same time, innovative use of blockchain, etc. New technology, the establishment of a medical insurance fund supervision and management platform, three-dimensional prevention and combat fraud fraud insurance. (Beijing News)
Competition for blockchain patent applications is fierce: Tencent takes the lead, followed by Ali
Competition for blockchain patent applications is fierce: Tencent takes the lead, followed by Ali
Investment and Financing
Yuhu completes the A-round financing of tens of millions of RMB, focusing on the digitization of commercial assets
Shanghai Yuhu Information Technology Co., Ltd. (hereinafter referred to as "Yuhu") completed tens of millions of A-round financing. The investor is Nanjing Yangzi Block initiated and established by Jiangsu Jinmao Investment Management Co., Ltd. and Nanjing Yangzi State-owned Assets Investment Group Co., Ltd. Chain Equity Investment Fund, Lianxing Capital and Hanli Capital acted as consultants for this financing. It is reported that Nanjing Yangzi Blockchain Equity Investment Fund is the first domestic equity investment fund focusing on the integration of blockchain technology and the real economy. The investment direction is centered on blockchain technology, digital financial technology is the direction, and artificial intelligence is integrated , cloud computing, semiconductors, big data, Internet of Things and other cutting-edge innovative technologies. The fund is very optimistic about Yuhu's technological innovation in the blockchain field and the application scenarios of digital services for consumer assets. (Entrepreneurship State)
Recently, Chihuo Dalu, a blockchain technology service company focusing on catering brands, completed an angel round of financing of RMB 10 million, with Youbeidi as the investor. Chihuo Dalu is a technologically innovative company that empowers physical catering companies with blockchain technology. It is the first in the world to create a community portrait big data accurate push engine based on blockchain technology to increase the market competitiveness of catering companies. (Entrepreneurship State)
global policy
global policy
HM Revenue & Customs Seeks Technology Investments to Uncover Cryptocurrency Cybercriminals
HM Revenue and Customs (HMRC) is looking to invest in crypto analytics to help it identify and investigate criminals dealing in bitcoin and other virtual currencies. While free online tools and human analysis of raw blockchain data can reveal the transactions, the agency believes investing in commercial products will allow investigators to fill in the "intelligence gaps" of how cryptocurrency transactions currently support criminal activity against HMRC. (PT)
New Russian Prime Minister: Russia Likely to Adopt a New Crypto Tax Plan This Spring
Character·Voice
Character·Voice
Opinion: Bitcoin halving event is a test of core investment theory for the entire asset class
In a recent article, Matt Chwierut, director of research at blockchain research firm Smith+Crown, considers key developments in the blockchain space that could affect the determination of price movements throughout the year, such as the Bitcoin halving event. Whether or not the halving helps bitcoin’s value rise, the event is likely to be a major determinant for the broader crypto market in the coming year, given bitcoin’s outsize influence across the space, he said. (AMBCrypto)
US SEC Commissioner: The purpose of regulation is to prevent cryptocurrency assets from being linked to fraud
The rapid growth of digital assets and computer-driven investment advice has emerged as a key challenge for regulators trying to keep up with technological advances while protecting investors, the U.S. markets watchdog said on Monday. US Securities and Exchange Commission (SEC) Commissioner Robert Jackson said that the agency is seeking to create laws to promote technological change. He went on to say that another difficulty is regulating assets such as cryptocurrencies, which are “exciting but also come with risks.” The aim is to not associate such assets with fraud and to provide investors with proper protection. (Reuters)
Report: Implied volatility is out of sync with the halving event, and Bitcoin may not rise sharply in Q2
