Remove cryptocurrency Remove Security Remove social media Remove Taxes
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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. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. Celebrities including Floyd Mayweather and DJ Khaled backed the project on social media. And, the U.S.

Taxes 170
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US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
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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

PYMNTS

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. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

Marketing 179
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Five At Five: Amazon Opens Alexa Voice To iOS

PYMNTS

Coverage includes Amazon opening up voice applications for iOS users, Overstock’s blockchain unit nabbing a huge investment, Intuit securing a bitcoin processing patent, Facebook and L’Oréal using augmented reality for makeup tests and Dish accepting Bitcoin Cash as payment. Intuit Secures Patent for Bitcoin Payment Processing.

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Regulatory Tracker: Sandboxes Gain, While Cryptos Wane

PYMNTS

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. Although the firms had advertised across social media, none of them had registered to offer or sell securities.

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Don’t let love blind you from Romance Scams

Qudos Bank

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. You are asked to pay a deposit or overseas taxes or duty prior to being able to make a withdrawal. Million in overall losses.

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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

PYMNTS

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. The slide deck was reportedly leaked through social media by an accountant. at the World Bank.