Ambcrypto News
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Home South Korea considering the imposition of 20% tax on crypto-profits
South Korea's finance ministry might be planning to impose a 20 percent tax on income gained from cryptocurrency transactions, according to a recent Korea Herald report. The report quoted a government official as saying that while the finance ministry has not finalized its plan to tax cryptocurrencies yet, there is a possibility that the government might impose a 20...
- 9 min ago
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Home Bitcoin's price after halving crucial to economical mining: Hut8Mining's Kiguel
"Bitcoin is here to stay. There's no question in my mind," said Andrew Kiguel, CEO of Hut8Mining, on the latest edition of the 'Untold Stories' podcast. During the same, host Charlie Shrem asked Kiguel about the nuances behind the business of crypto-mining, as well as his predictions for the upcoming Bitcoin halving event. While addressing...
- an hour ago
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Home Bitcoin Options swing away from Bakkt towards CME
Bitcoin Options are all the rage in the crypto-derivatives market and just like their predecessor, they are moving the way of the CME. Taking a cue from the $300 million+ Futures volume seen on the regulated Chicago exchange, options pegged to the premier cryptocurrency are outperforming the Intercontinental Exchange's digital assets platform, Bakkt. According to the latest report by Arcane...
- an hour ago
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Home Bitcoin is the most popular cryptocurrency for payments: 2gether report
Collaborative financial platform, 2gether, recently published its report on users' crypto-spending behavior, including an analysis of how they spend assets such as the world's largest cryptocurrency, Bitcoin. The report analyzed 2gether users' data from April to December 2019, with a sample set of over 10,000 users from 19 countries. According to the...
- an hour ago
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Home Bitcoin outperformed by altcoins with midcap, smallcap indexes in 2020
It is a common narrative in the digital asset industry that most of the time, Bitcoin is responsible for driving the market on a bullish surge. This is largely due to the fact that presently, Bitcoin dominates the crypto-market cap, with a dominance index of 66.3%, at press time. However, over the past week, the tables may have turned a little in favor of the altcoins, with...
- an hour ago
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Home Bitcoin halving's 'non-event' to flatten implied volatility
The Bitcoin halving will not be as big as it's being made out to be. Ever since the bear market of 2018, the Bitcoin halving has been hyped up more than ever. Based on the last two halvings [2012 and 2016], the spot price of Bitcoin is slated to rise until the block rewards drop by 50 percent in May 2020. However, that might not be the case. According to a report by Arcane...
- an hour ago
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Home Tezos Foundation announces mainnet faucet for developers
The Tezos Foundation is in the news after it announced the release of a faucet for the Tezos mainnet, one that allows developers and users to request XTZ tokens for development and testing purposes. According to the aforementioned announcement, the faucet will release 0.01 XTZ every 10 seconds, with the addresses registered added to a queue with a maximum length of 10. It also explained...
- an hour ago
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Home Poloniex endangers users' privacy after partial revelation of email IDs
Poloniex, a noted crypto-exchange, has been at the receiving end of a lot of flak ever since it split from Circle, its parent company, in an attempt to rebrand itself as Polo Digital Assets. Additionally, Justin Sun - Founder and CEO of the Tron Foundation - admitted that Tron had invested in the exchange, along with other parties, after initially denying any involvement....
- an hour ago
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Home Bitcoin's blockchain activity spikes; value transfers, miner fee note growth
Bitcoin's value plunged by nearly 5% over an hour on 19 January and at press time, was valued at $8,650. While this is the second time the king coin's price plummeted after crossing the $9,000-mark this year, it is still going strong in terms of on-chain network activity and usage. Reportedly, Bitcoin's blockchain activity continued its uptrend this week...
- an hour ago
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Home Cardano ecosystem 'anticipates' Ouroborus-BFT hard fork in February
Cardano is claimed by many to be one of the most innovative blockchains in the crypto-industry today. As it enters the Shelley phase, there will be a cryptocurrency consensus algorithm shift towards proof-of-stake [PoS] with the implementation of the Ouroborus BFT consensus. OBFT is touted as the first PoS protocol that matches the security provided by proof-of-work [PoW]...
- an hour ago
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