Policy • July 15, 2024 1:01 AM EDT Posted 1 minute earlier In ~ South Korea’s right-wing political party has proposed a three-year delay in taxing cryptocurrency profits. If passed, the tax on cryptocurrency profits in South Korea would be delayed from early 2025 to 2028.“Investor sentiment towards cryptocurrencies is currently negative, and most investors are expected to leave the market if the country imposes income taxes on assets that are riskier than stocks,” reads the bill’s description on the National Assembly website. saidThe bill was proposed last Friday.The 20% tax on cryptocurrency profits was originally set to take effect…
Author: Crypto Flexs
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Following the assassination attempt involving former President Donald Trump at a campaign rally in Pennsylvania, the prices of Geo Borden (BODEN) and Kamala Horris (KAMA) meme coins have dropped significantly. Tokens parodying the names of President Joe Biden and Vice President Kamala Harris have moved in the opposite direction in price compared to the Trump meme coin. BODEN has fallen more than 18% from its all-time high following news that Trump had been shot. The token’s price fell from around $0.12 to $0.03 as investors pulled out of the Biden-themed asset, according to CoinGecko data. The PoliFi (political finance) sector…
Felix Pinkston July 15, 2024 05:36 Binance has announced that to ensure optimal user experience, we will suspend SEI deposits and withdrawals on July 15, 2024 to support the SEI network upgrade. Binance, a major cryptocurrency exchange, has announced support for the Sei (SEI) network upgrade scheduled for July 15, 2024. Due to this upgrade, deposits and withdrawals of SEI tokens will be temporarily suspended. Upgrade Details According to Binance, the outage will begin at approximately 15:30 (UTC) on the day of the upgrade. The network upgrade itself Block Height 89,475,838, which is expected…
This article is featured in Bitcoin Magazine’s “The Halving Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Halvings are always looked at as seminal events, a demarking of the end of one era and the beginning of a new one. In the same way that Americans come out of the woodwork to clamor over the new set of presidential candidates in the election cycle, Bitcoiners come flooding out to celebrate the successes of the past block reward epoch and look forward to the possible successes of the next. I would argue that this halving, it is imperative to do…
Sergey Nazarov, co-founder of blockchain oracle service Chainlink (LINK), says one rapidly growing area in the digital asset space is poised to become a leading trend. Nazarov told his 150,000 followers on social media platform X that real-world assets (RWAs) appear to be the next big trend in blockchain. In the cryptocurrency space, the RWA trend aims to tokenize assets from traditional markets such as real estate, loans, and bonds on-chain. Nazarov says: “Tokenization of real-world assets (RWAs) is the next big trend in the blockchain industry, and we believe they will hold more on-chain value than cryptocurrencies… The amount…
Tony Kim 12 Jul 2024 08:12 Discover how generative AI and diffusion models are revolutionizing the architecture, engineering, and construction (AEC) industry through improved design, visualization, and project management. Generative AI—the ability of algorithms to process diverse inputs like text, images, audio, video, and code to generate new content—is advancing at an unprecedented rate. technology According to the NVIDIA Technology Blog, significant progress is being made across multiple industries, with the architecture, engineering, and construction (AEC) sector expected to see tremendous benefits. Diffusion Models: A Core Component of Generative AI in AEC Since the…
AVAX’s daily chart turned green after a month of price declines. Several indicators suggested that a successful breakout above the falling wedge pattern was imminent. After a month of double-digit price declines, Avalanche (AVAX) Finally managed to paint the daily chart green. The good news is that the token price is actually consolidating within the pattern, which has led to a price drop. But this was just before a breakthrough that could spark a massive rally appeared. Avalanche Bull Pattern According to data from CoinMarketCap, AVAX’s price has fallen by more than 18% in the past month. However, the last…
Felix Pinkston 13 July 2024 15:30 GitHub’s June 2024 report details two incidents that impacted the issue and migration service, causing performance degradation. According to the GitHub Blog, GitHub released its June 2024 Availability Report detailing two major incidents that resulted in performance degradations across the service. These incidents affected the GitHub Issues and GitHub Migration services, resulting in outages and delays for users. Incident of June 5, 2024 The first incident started on June 5, 2024 at 17:05 UTC and lasted for 142 minutes. During this period, the GitHub Issues service was degraded.…
Following lawsuits and counterclaims over KeyFi and its founder Jason Stone’s relationship with bankrupt crypto lender Celsius, the two parties have agreed to settle according to a settlement filed in court last week. Jason Stone is also known as the leader of the pseudonymous 0xb1 X account. As part of the agreement, KeyFi will transfer various assets to Celsius, including a wallet containing hundreds of different tokens and valuable NFTs, as well as the $1.1 million proceeds from the sale of Mutant Ape Yacht Club to billionaire Adam Weitsman, which are currently held in escrow. KeyFi will also transfer assets…
Bitcoin (BTC) has been in a sideways price action for several months. The bears have been pushing the price down the range, but the failure to sustain the breakdown on July 8 shows that selling is drying up at lower levels. This has attracted aggressive bulls who are trying to keep the price within the range for a longer period. According to data from Farside Investors, US-based spot Bitcoin exchange-traded funds saw $310 million in inflows on July 12, the highest since June 5. The inflows suggest that market participants are building positions as they believe a short-term bottom has…