Julie Williams | AllStocks Network

South Korea Might Impose 20 Percent Tax on Cryptocurrency Profits

Posted on January 22, 2020January 22, 2020 by Julie Williams

New report has it that South Korea’s Ministry of Economy and Finance is set to implement a crypto taxation legislation. According to an anonymous source, the topic of taxing crypto users have been in the pipeline for a while now. It is believed that South Korea’s government via the office of the Ministry of Finance has been flirting with a 20 percent tax rule on crypto profits. Going by the recent update, the Ministry of…

Research Finds Active Bitcoin Address Linked with Terrorist Group Hamas

Posted on January 21, 2020January 21, 2020 by Julie Williams

The Interdisciplinary Center Herzliya’s International Institute for Counter-Terrorism (IDC-ICT) recently released a detailed report, highlighting the role of a Bitcoin address in financing the terrorist group Hamas. The terrorist group has a long-standing financial relationship with Iran. However, it seems the group is low on Iranian funds, and as such it is turning to crypto as its new source of funding. Via the Bitcoin address, the group is able to solicit help from supporters and…

Libra Professes Independence from Facebook with Own 5-Member Committee

Posted on January 20, 2020January 20, 2020 by Julie Williams

With what appears a great sense of fulfillment, Facebook’s Libra team has announced that an independent committee, tagged the Technical Steering Committee (TSC), has been formed within the organization to oversee technical activities in Libra. Speaking for the Libra Association, Micheal Engle, writes that the Libra Association is poised to reassure regulators and the genera public that the Libra cryptocurrency project is, in fact, independent of any organization. As opposed to the general belief that…

Attendees of North Korea’s Crypto Conference Might Violate Sanctions

Posted on January 16, 2020January 16, 2020 by Julie Williams

It is no news that the Democratic People’s Republic of Korea (DPRK), or simply North Korea, has been on the wrong side of the United Nations (UN) and the free world at large. Stemming from that, some sanction experts with the UN have made it clear that attending any conference in North Korea, including the upcoming crypto conference, is considered criminal. Therefore, attendees will be penalized for it. All hell broke loose in August when…

Financial Technology on the Rise: Visa Buys Fintech Firm Plaid for $5.3 Billion

Posted on January 15, 2020January 15, 2020 by Julie Williams

Visa, one of the largest and biggest payment systems in the world, is set to acquire one of the world’s largest financial technology (fintech) firms Plaid in a massive $5.3 billion deal. The payment giant, in a press release published two days ago, touted the fintech firm for the crucial roles it plays in the financial markets. As the major link between the financial world and the tech community, Visa looks to provide better customer…

Block.one Announces EOSIO 2.0: More Security, Speed and Stability

Posted on January 15, 2020January 15, 2020 by Julie Williams

Over six months after the crypto industry leader Block.one, parent of the cryptocurrency EOS, teased us with an improved version of the EOSIO 1.0 protocol, the blockchain firm is back on the scene with a better, faster and more secure version: the EOSIO 2.0. Around mid-2019, Block.one announced a newer version of the EOSIO 1.0 protocol. The newer version, which is obviously an upgrade from the first version, was dubbed EOSIO 2.0, and the crypto-oriented…

Spain’s Telecom Giant Telefonica to Host 8,000 Firms on its Blockchain Network

Posted on January 13, 2020January 13, 2020 by Julie Williams

Telefonica, one of Spain’s biggest and largest telecommunications companies (and the world’s), announced last week that it is throwing an open-house party for as many as eight thousand crypto and blockchain firms in its new blockchain garden. To cater to such a gigantic crowd, the telecom giant joined forces with the local Association of Science and Technology Parks (APTE). Via the partnership, up to 8,000 local blockchain and crypto startups will have uninterrupted access to…

DMG Blockchain Announces New Big Client While Ending Partnership with Bitmain

Posted on January 12, 2020January 12, 2020 by Julie Williams

The Canada-based blockchain and crypto company, DMG Blockchain Solutions Inc. (formerly known as Aim Explorations Ltd.) has announced the addition of another major client, but also the termination of the partnership with the world’s largest crypto mining chip maker, Bitmain. Filled with joy for the new big partnership formed and also sour about the end of the collaboration with Bitmain, DMG released a press release to share the good news with its clients and the…

CFTC Asks Court for More Time Finding CEO of Crypto Ponzi Scam Control Finance

Posted on January 9, 2020January 9, 2020 by Julie Williams

Six months after the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Control Finance, the regulatory agency is yet struggling to capture the mastermind behind the crypto pyramid scheme. Filed mid-2018, the CFTC accused Control Finance and its Director Benjamin Reynolds of defrauding naive investors through a fraudulent crypto scheme. Consequently, the CFTC now wants to impose fines with regard to illicit trading and fraud. Since the inception of the case, the CFTC…

Crypto Exchange Kraken: Law Enforcement Requests Hit a New High in 2019

Posted on January 8, 2020January 8, 2020 by Julie Williams

In its usual manner, the highly popular crypto exchange Kraken just released its latest compliance team’s transparency report for last year. The 2019 transparency report is targeted at the global law enforcement requests for the just-concluded business year. Kraken happily took to its Twitter account to share a general picture of the past year with regard to the exchange’s brushes with law enforcement agencies. A sneak peek at the report shows that law enforcement requests…

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