Korean Lawyers Lobby Government to Pass Several Cryptocurrency Laws

The Korean Bar Association, whose membership is mandatory for all lawyers in the country, has campaigned publicly for the government to pass a number of cryptocurrency-related laws. The group specifically proposes regulation for crypto exchanges, initial coin offerings, domestic and foreign crypto transactions, and cryptocurrency funds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Lawyers Press Government for Crypto Laws The Korean Bar Association on Thursday lobbied the government “to quickly establish a legal framework to help develop the blockchain-based virtual currency industry and protect investors,” Reuters reported. “It…

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Stellar (XLM) poised to see massive gains next year, here’re the reasons why

Have you seen Stellar Lumen’s (XLM) logo? It’s a rocket heading for the sky. It just so happens that Stellar Lumens has been gathering a lot of momentum over the last year, so next year we could really see its native token (called XLM) reach for the sky and beyond. In this article, we tell you the reasons why. Interstellar This is the result of a partnership between Stellar Lumens and Chain, which already boasted a lot of important partners such as NASDAQ, Citigroup or Visa. It’s the for-profit arm of…

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Review: Coldcard’s BTC Hardware Wallet Is Air-Gapped for Added Security

There has been an explosion of hardware wallets recently, with new models shipping on a weekly basis. What’s more, many of these units are more than mere Ledger or Trezor clones, offering unique form and features compared to the market leaders. This week news.Bitcoin.com took delivery of Coldcard, a BTC wallet that promises to be “cheap and ultra-secure.” Also read: Marshall Islands President Attacked Over National Cryptocurrency Plan Coldcard or Cheap Calculator? The Coldcard looks like a cheap calculator, and it feels like one too. It’s light and plasticky in the…

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Texas Takes Action Against Crypto Company Promising 200% Profit

The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cryptocurrency mining company and its affiliates. According to the order, the company represents that investments in its mining contracts are “guaranteed to 200% profit.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cease and Desist Order The Texas State Securities Board on Tuesday issued an emergency cease and desist order to Sydney-based Aws Mining Pty. Ltd. and nine other respondents affiliated with the company. The entities named are Automated Web Services Mining (Aws Mining),…

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Bitcoin Cash Community Introduced to New BCH Library Written in Rust

Technology & Security On Nov. 5, the software developer Brenton Gunning announced to the Bitcoin Cash (BCH) community that he’d developed a BCH library written in the programming language Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment. Also read: Discussions Intensify as BCH Fork Approaches Rust-BCH 0.1.0: A Bitcoin Cash Library Written in the Rust Programming Environment Rust is a popular programming language designed in 2006 by Mozilla employee Graydon Hoare. The Bitcoin Cash community has been introduced…

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NET Tokens Set To be Frozen Forever: Time Is Running Out To Activate Your NIM

Summary: Nimiq announces NET token end-of-life: The last and final opportunity ends on Friday, November 30, 2018 (3:00 PM GMT). Surfacing in early 2017, Nimiq is the first browser-based blockchain and aims to be the most accessible, high performance, decentralized payment system. The Nimiq mainnet and its native NIM token have been operational since successful launch on April 14, 2018. Holders of the existing Ethereum-based (ERC20) NET token, used for project fundraising, have long been asked to claim their corresponding NIM tokens through the NIM Activation process. This process is…

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Crypto Rally Hopes Quashed as Markets Dump Again

FOMO Moments The bears are back in play; Dash surviving the dump, Bitcoin Cash, Cardano, VeChain sliding. Rally anticipations have been quashed once again as markets are dumping. Just when a glimmer of hope started to shine in crypto land, the bears come back out and defecate all over it. Total crypto market cap has shed $4 billion in the past four hours, dropping back to around $215 billion. Bitcoin is currently holding its place with only a minor dip back below $6,500. It is currently trading at $6,480 but…

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French Lawmakers to Lower Cryptocurrency Tax by 6 Percent

French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36.2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets, which are taxed at a flat rate of 30 percent. Also Read: Survey: South Africans Turn to Crypto as Hedge Against Volatility of the Rand Amendment Awaits Approval by Parliament The budget amendment was adopted by a finance commission in France’s lower house of parliament, a Reuters report said. But it must first be approved…

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