1/26 Afternoon Briefing: Flybit, Rothschild, Bitcoin

Reporter Park Geun-mo

[단독] National Tax Service, cryptocurrency exchange’Flybit’ tax investigation

On the 26th, the National Tax Service conducted a tax audit on the Korea Digital Exchange, which operates the domestic cryptocurrency exchange Flybit. An official from the Korea Digital Exchange said, “The employees of the National Tax Service requested data from 2017 to 2019.”

Bitcoin is not the result of the 2008 financial crisis

Many people think that Satoshi made Bitcoin in response to the financial crisis. However, this only shows the lack of understanding of the effort put into designing bitcoin or the philosophy that has been built for a very long time in relation to P2P finance. Bitcoin was created not because of the financial crisis. The financial crisis is just one symptom of the bigger problem that underlies Bitcoin’s birth.

Rothschild Expands Grayscale Bitcoin Trust to 3,454 Shares

Rothschild Investment announced on the 25th (local time) that the Bitcoin trust held at the end of last year was $975,000. Rothschild’s bitcoin trust holdings increased by 24% from October last year.

Marathon Patent Group Buys $150 Million Bitcoin

Nasdaq-listed cryptocurrency mining company Marathon Patent Group recently announced that it has recently purchased $150 million worth of Bitcoin. The unit price of the bitcoins purchased by the marathon that day is estimated to be about $31,100.

“Harvard, Yale and Brown University, invest directly in cryptocurrency”

Several universities, including Harvard and Yale, Brown University and Michigan State University, have bought cryptocurrencies directly from the exchange. It is not known how much each university has invested in cryptocurrency, but it is highly likely that only a small fraction of the total asset size was allocated to cryptocurrency.

Chinese game company The9 buys 26,000 bitcoin miners

The9, an online game developer in China, listed on NASDAQ in the US, announced that it plans to purchase 26,072 bitcoin miners through a press release on the 25th (local time). The mining performance of the bitcoin miner to be secured this time is 549 peta hashes per second (PH/s), which is about 0.36% of the world’s bitcoin mining.

Short news today

Unlisted on Seoul Exchange, attracted 1 billion won investment from SoftBank Ventures

PSX, an unlisted stock trading platform on the Seoul Exchange, announced on the 26th that it has attracted an investment of 1 billion won from SoftBank Ventures. Through this, PSX has completed a seed round investment of 3.5 billion won. PSX plans to use the investment funds to secure manpower in each specialized field, advance service and technology, and expand domestic business. Meanwhile, PSX received an initial investment of 2.5 billion won from Hashed, a blockchain expert investor last year.

Uppsala Security Provides Virtual Asset Damage Tracking Service to Trust Bus

Uppsala Security, a blockchain security company, announced on the 26th that it plans to sign an MOU with TrustBus and provide its own virtual asset damage report tracking service and anti-money laundering solution. Through this business agreement, Trustbus will receive customer support services from Uppsala Security’s CIRC-Crypto Incident Response Center.

For reports and press releases, [email protected]

.Source