South Korea Proposes to Defer Planned Crypto Tax Until 2025
In a tax reform introduced on Thursday, the South Korean government proposed to postpone the planned 20% tax on crypto earnings for two years. If accepted, crypto earnings in South…
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CryptoCom App Launches Google Pay Purchase Feature
CryptoCom – a leading North American cryptocurrency exchange – has launched its new in-app Google Pay purchase feature. This will allow users to purchase cryptocurrency more quickly through their Android…
BlockchainCom Announces 25% Staff Layoff Following 3AC Fallout
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss…
Zipmex Resumes Withdrawals, Discloses $53M Exposure to Babel and Celsius
Less than 24 hours after the Southeast Asia-based cryptocurrency exchange Zipmex paused customer withdrawals citing volatile market conditions, the company announced plans to resume full operations. Zipmex Resumes Withdrawals In…
Elon Musk Reveals the Reason Why Tesla Sold 75% of Its Bitcoin
The electric vehicle giant Tesla sold $936 million of its bitcoin holdings in Q2 this year. However, the move was prompted not because the company does not believe in the…
Third-Largest Bitcoin Whale Transfers All BTC Holdings to Coinbase
Third-largest Bitcoin whale has finally emptied its BTC holdings after demonstrating a long-term accumulation trend. As per BitInfoCharts, the whale bought a total of more than 207k BTC since 2019…
Troubled Crypto Firm Vauld Filed for Protection Against Creditors (Report)
One of the worst affected crypto companies by the unpleasant macroeconomic conditions – Vauld – reportedly filed for protection against creditors in Singapore. The process should grant the entity the…
Korean Prosecutors Raided 7 Crypto Exchanges With Connections to Terraform Labs (Report)
South Korean prosecutors raided seven local crypto exchanges to investigate a fraud case linked to Terra’s implosion. The operation is to determine if the collapse of the Terra ecosystem was…
Minecraft Creators Will Stop Supporting In-Game NFTs
It doesn’t matter that the world’s largest video game companies like Activision or Tencent are making inroads into the world of NFTs; the developers of Minecraft want those tokens as…
Lummis-Gillibrand Crypto Bill Likely to Remain on Backburner This Year
The pro-crypto regulatory framework proposed by U.S. Senators Cynthia Lummis and Kirsten Gillibrand is unlikely to see the light of day this year. Wyoming Senator Cynthia Lummis said on July…
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