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South Korea
Crypto Profits Not Taxable in South Korea-Government Confirms

The government of South Korea has made it official that crypto profits are not taxable according to the country's current tax law. The decision comes only less than a month after the country announced that it would levy taxes on profits derived from crypto assets. Crypto Profits Not Taxable in South Korea Through its Ministry [...]

Tony P.Jan 2, 20202 min read
Ethereum mining pool
Which Is the Best Ethereum Mining Pool?

Currently, Ethereum mining is still a lucrative business, as you can mine ETH using a GPU rig. To make even more profit, you can join an Ethereum mining pool to divide the workload. Criteria for Selecting a Mining Pool There are certain factors you should look into first before you choose any mining pool: Fees: [...]

Anca FlorentisDec 7, 20196 min read
FATF
US to Implement Crypto Rules Similar to FATF Procedure

The Federal Government has put in motion plans to make sure that cryptocurrency rules are strictly enforced and followed, in a move similar to the standards recommended by the FATF (Financial Action Task Force). According to reliable sources, the Financial Crimes Enforcement Network (FinCEN) also reaffirmed that all its travel-related rules applied to the use [...]

Tony P.Nov 19, 20192 min read
FinTech Express
MasterCard Launches "FinTech Express" in Asia-Pacific Region

MasterCard has announced its new "FinTech Express," which targets the Asia-Pacific region. During the Singapore FinTech Festival, MasterCard Asia Pacific Co-President, Ari Sarker, had an interview with Bloomberg in which he discussed the new platform. The official also touched on MasterCard's withdrawal from the Libra Association. According to Sarker, the FinTech Express initiative is meant [...]

Tony P.Nov 11, 20192 min read
The IRS
IRS Identifies "Dozens" of New Crypto and Cybercriminals

The criminal wing of the Internal Revenue Service (IRS) announced that it identified "dozens" of potential crypto criminals after its meeting with tax officials from other countries. The meeting involved tax authorities from various countries, including the U.S., the U.K., Canada, Australia, and the Netherlands under the umbrella of the Joint Chiefs of Global Tax [...]

Tony P.Nov 9, 20192 min read
Synthetix
DeFi Project Synthetix Raises $3.8 Million in New Funding

Synthetix-the Ethereum-powered decentralized finance (DeFi) project has raised USD$3.8 million in new funding. According to the announcement made on Monday, October 28, 2019, Synthetix revealed that Framework Ventures has backed its operations by purchasing 5 million Synth (SNX) tokens. Framework Ventures, which comprises a team of technologists, researchers, and investors dealing in open crypto networks, [...]

Tony P.Oct 29, 20192 min read
InstaDApp
InstaDApp Generates $2.4 million in Seed Round

The Decentralized Finance (DeFi) portal, InstaDApp, has generated $2.4 million in a seed round that attracted a batch of high-profile strategic investors. Notable investors that participated in the round included IDEO CoLab, Pantera Capital, and Robot Ventures. Compound Finance's Robert Leshner led the investors. In addition, the seed round also attracted some thought leaders in [...]

Tony P.Oct 2, 20192 min read