In South Korea, recipients of crypto airdrops could be taxed with an up to 50% fee. A government official said that crypto airdrops count as gifts under tax legislation. Airdrops, or blockchain-based token giveaways, are one of the ways crypto companies market their initiatives. South Korea said in 2021 it will start taxing inherited or…
Bitcoin transaction fees dropped below $1 for the first time since 2020. In addition to the `latest Bitcoin upgrades, the drop in transaction fees can be attributed to multiple factors, including falling market prices and lower mining difficulty. Average transaction fees on the Bitcoin blockchain network dropped below $1 for the first time in two…
Crypto exchange FTX made up a billion dollars in revenue last year. FTX’s revenue saw an increase of over 1,000%, going from $89 million to $1.02 billion as of 2021. The company also completed numerous acquisitions and was able to add to its global reach, CNBC said, citing internal audited financials. As CNBC reported on…
Breaking crypto news from the last week (Aug. 13 – 19, 2022): Aug. 13: Play-to-earn game Axie Infinity has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The team also described the move as part of its efforts to balance…
Spanish football club “Atlético de Madrid” has partnered with crypto exchange platform WhaleFin to launch its first NFT collection of football boots on the STEPN mobile application. These NFTs will allow users to enter the draw for an exclusive experience that will include a trip and hotel nights, as well as tickets to see a…
FTX asks its users to refrain from using the Aztec mixing service in the future since doing so may jeopardize the FTX account. However, Aztec stated that it does not intend to sacrifice user privacy to prevent the illicit use of its service. According to reports by numerous FTX users, the cryptocurrency exchange advised users…
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