Free transfer of assets is considered a “gift” under the Inheritance and Gift Tax Act. In South Korea, a gift tax must be paid on any asset with a monetary value. A new gift tax on airdrops for crypto assets is reportedly being considered by the Ministry of Strategy and
August 22, 2022 2 mins read
The crypto community on Twitter concluded that CZ was making a jab at FTX. SBF said he would be willing to collaborate with the FDIC in the future. When Binance’s CEO, Changpeng “CZ,” Zhao, heard about the widely publicized problem of trading jitters on other cryptocurrency exchanges, he expressed worry
August 22, 2022 2 mins read
The Video Music Awards included online and virtual performances. This is the first year of the award, and it has nominations for six different acts. A new sub-category of the MTV Video Music Awards (VMAs) was introduced in 2022. “Best Metaverse Performance” is a category open to artists vying for
August 21, 2022 2 mins read
There will be less technological requirements for its staking users. Gemini will pay for improvements to the infrastructure, as well as gas expenses. On August 18, Gemini finally began its staking process. Gemini said in a release that the MATIC token issued by Polygon can be staked and eligible for
August 21, 2022 2 mins read
The report “A Survey of NFT Licenses: Facts & Fictions,” came out on Friday. Other programs that impose commercialization hurdles include Doodles. The opportunity to make money off of one’s avatar by making derivative works of art, merchandising, and more is a major selling factor for certain NFT initiatives. However,
August 20, 2022 2 mins read
Bitcoin is now trading at roughly $21,485, down 8.2% on the day. With $201.3M, Bitcoin is the most liquidated asset, followed by Ethereum with $132.7M. Today, the leading cryptocurrency, Bitcoin (BTC), dropped to a new weekly low of $21,344, according to data from CMC, continuing a three-day trend of unfavorable
August 19, 2022 2 mins read
The organization has identified 16 service providers. Local exchanges’ offices were raided last month as part of an inquiry. More than a dozen cryptocurrency exchanges risk losing clients in South Korea as officials crack down on international companies they allege are operating illegally in the country. According to a news
August 19, 2022 2 mins read
The test is one of the last items on the agenda before the so-called “Merge.” Even if it’s not set in stone just yet, the 19th of September is the target date. Ethereum is on the verge of switching from its current energy-intensive proof-of-work paradigm to the more efficient proof-of-stake
August 16, 2022 3 mins read
A record-breaking 13.2 million ETH have been staked on Ethereum 2.0. The price of Ethereum Classic (ETC) achieved a four-month high of $42.29. The price of Ethereum (ETH) has been on an upward trend since early June, and it crossed the $2,000 threshold on Friday night, according to statistics from
August 15, 2022 1 min read
Korbit made an estimated 27 million won in commissions at the end of the term. As of May 30th, the refund fee amounted to almost $9.5 billion won by Upbit. The whole Terra ecosystem crashed in May, making it a very terrible month. Upbit, the leading virtual asset exchange in
August 11, 2022 2 mins read