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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170
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Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil Market To Use Petro

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This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7 According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. Another exit scam has hit the crypto world.

Marketing 179
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Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

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The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. Changes to the insurance code via the Pact Act now allow for life insurance contracts investing in specialized professional funds (SPFs) to include blockchain-backed assets.

Bitcoin 187
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Using The Blockchain To Bring Banking To Everyone

PYMNTS

Némethi is not a professional humanitarian or someone who thought much about the refugee crisis until he found himself — a Hungarian national living abroad in Norway — disturbed by his country’s reaction to the flood of refugees fleeing Syria’s civil war. “I The Power of the Blockchain.

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Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Blockchain-Based Security Methods. Estonia’s government is also exploring blockchain options. More than 4.5 The Drawbacks of Complex Security.

Security 129
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A Brief History Of Libra

PYMNTS

It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 The concept behind the project is to draw a hard and fast line between the Libra rails and the currency they support – and the social media network that is Facebook.

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The 2018 GonzoBanker Awards

Gonzobanker

We’ve simultaneously disdained and feared the fintechs, artificial intelligence and blockchain consortia. PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. GonzoBankers, 2018 has been a troublesome year.

Fintech 105