“South Korea is considering re-classifying returns made on cryptocurrencies as a type of “other income,” placing it in the same category as money earned from lotteries, rather than as a form of capital gains, as it is currently treated.
The official added that no plans had yet been finalized, suggesting the tax plan could be amended or even thrown out by the ministry.”
“Blockchain is more prominent on the WEF agenda than in years past but that’s not to say the technology will have a starring role in the Congress Centre itself. Central bank digital currencies (CBDCs) will [likely] dominate the conversation this year.
Crypto-related events on Monday:
- The Blockchain Economic Forum kicks off with a keynote from Chris Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission.
- ConsenSys chief Joe Lubin is headlining CryptoMountain Rocks, promising ample discussion of decentralized finance (DeFi), stablecoins and what to expect in 2020.
“Project Ragnarok, a measure to return ether to ICO investors from the Digix project’s treasury – which was held independently of the company in a decentralized autonomous organization (DAO), DigixDAO – has passed with over 95 percent support. Digix itself does not plan on closing up shop given the results of the vote, however.
With the passage, a contract will be executed, unstaking and giving back 0.19 ETH per DGD – near par with the current value of DGD.”
“The Tezos Foundation earlier this week released the “Tezos Foundation’s Faucet,” available to everyone with a Tezos wallet. Enter your Tezos wallet address and complete the ReCaptcha puzzle to join a queue, whereupon you’ll receive up to 0.01 XTZ every 12 hours.
Development faucets are nothing new, but it’s rare that they’re used to disburse real funds; usually, they’re reserved for dishing out testnet tokens.”
See Also: Maker COO Interview (video)
“Hoskinson noted that he expects Cardano’s consensus algorithm to be upgraded with a hard fork next month. He said that he has “pretty high certainty” that the Ouroboros Bizantine Fault-Tolerant Consensus Protocol (OBFT) will be implemented in mid-February.”
“Chinese blockchain spending in areas of investment and financing deals has dropped over 40% in 2019.
As part of the study, Xinhua found that early-stage investments like Series A funding rounds accounted for 43.3% in 2019, while the proportion of strategic investment and mergers and acquisitions in the second half of 2019 increased significantly. Additionally, 292 institutions have totally participated in those investments.”
😂😂 I hesitate to continue to cover this blatant con artist.
“When asked why he himself is not one of the trustees, he said:
Because I’m smart enough not to be. Because then people could force me to actually move coins. You can take things from trustees. If it was mine, people could have seized assets from me.”