If there is no Korean currency market, it is possible to operate an exchange without a’real name account’
If there is no Korean Won market that trades legal currency and virtual assets (cryptocurrency), it is possible to operate a cryptocurrency exchange without issuing a’real name confirmation deposit/withdrawal account’ (real name account). Also, sharing of’order books’ is limited.
Government releases manual for reporting virtual asset business operators
The Financial Services Commission and the Financial Supervisory Service released a manual for reporting additional asset business operators on the 17th ahead of the enforcement of the amendment to the Act on the Use and Reporting of Specific Financial Transaction Information (Special Law) on the 25th of next month.
Paycoin, Bitcoin payment service launched
According to Danal Fintech, customers with Bitcoin can use the merchant payment service within the Paycoin app. Even if you are not a merchant that accepts bitcoin as a payment option, you can directly convert your own bitcoins into Paycoin (PCI) within the Paycoin app and use them for payment. It means that all over 60,000 domestic Paycoin affiliated merchants can pay with bitcoin.
Bitcoin mining revenue, highest since 2017
Bitcoin (BTC) miners broke weekly earnings highs last week, generating around $354.4 million in revenue.
Bitcoin prices continued to rise throughout the past week, and from the 13th on the weekend, they have risen to nearly 50,000 dollars each. At one time in the morning of today (16th), it recorded 50,000 dollars. This price strength seems to have been reflected in bitcoin miners with high returns.
US SEC-Ripple, unlikely to agree…
The possibility of an agreement between the US Securities and Exchange Commission (SEC) and Ripple appeared to be slim.
The SEC and Ripple said in a letter filed on the 16th (local time) to a federal judge of the Southern District Court of New York, Analisa Torres, that “there is currently no (pre-trial) resolution.”
Coinbase, Ethereum 2.0 staking agency service started
Coinbase, a cryptocurrency exchange, has begun accepting Ethereum 2.0 staking waitlists.
According to Coinbase’s official blog on the 16th, users who want to stake Ethereum holding Coinbase in a beaconchain smart contract can register on the waiting list from this day. The beacon chain acts as a link in the process of converting the existing Ethereum to the proof-of-stake (PoS) method of Ethereum 2.0.
Ground X issues stock non-issuance confirmation to NFT from’Clip’
Ground X (CEO Jae-sun Han) announced on the 17th that it will issue a confirmation of non-issuance of stocks in the form of non-replaceable tokens (NFT) in the cryptocurrency wallet’Klip’.
Why security is more difficult in DeFi
Currently, various methods to effectively solve the synthetic security problem are being studied, but a general and efficient method has not yet been found. Of course, it is possible to repeatedly verify the security of the entire program code every time a code is added, but in this case, the time and cost of developing the program increase exponentially.
Russian House of Representatives to Handle Cryptocurrency Tax Bill
The Russian House of Representatives Duma is set to process a cryptocurrency taxation bill on the 17th.
The content of the bill, initiated by the Russian Federation government last month, is to amend the tax law to incorporate cryptocurrency into the tax system. If passed, the digital asset is classified as property.
“NFT market quadruple growth in 2020 alone”
Nonfungible.com, a non-replaceable token (NFT) market analysis platform, published a report on the 17th that states that in 2020 alone, the size of the NFT market has grown more than four times from the previous year.
Dogecoin phenomenon and the future of cryptocurrency regulation
Dogecoin (DOGE) is a difficult asset to view as an’investment grade’, with a market capitalization of only $6.73 billion (less than a hundredth of bitcoin) (at the time the article was sent). There are no real use cases, and there is no active derivatives market. For this reason, dealing with Dogecoin in this column may seem a bit puzzled.
Acquisition of Chinese online lottery company, BTC.com
Obaek.com announced in a press release on the 16th that it will purchase all shares of the Blockchain Alliance Technologies Holding Company (Blockchain Alliance Technologies Holding Company), which is located in the Cayman Islands, with 10% of its shares. .
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