In 2023, South Korea will introduce a 20% tax on profits from crypto trading

After several postponements, the South Korean government is moving forward with a plan to tax cryptocurrency holders

On Wednesday, the South Korean government tabled an amendment to introduce a tax on profits from cryptocurrency trading.

After a legislative notice until January 21, the amendment will likely be implemented in February, Asia Today reported. However, Korea will only start imposing the cryptocurrency tax in 2023.

The proposal will introduce a variety of additional taxes on capital gains, with a progressive tax schedule for profits in equity trading. For cryptocurrency holders, anyone with an annual income above 2.5 million won ($2,300) will be taxed at 20%. The threshold is much lower than that defined for profits from stock trading, which will only be taxed if they exceed 50 million won ($46,000).

For cryptocurrencies owned before the start of the tax program, authorities will consider the highest market price immediately prior to 2021 or the actual acquisition price.

The proposed tax scheme has been postponed several times in 2020. Following pressure from local cryptocurrency advocates, the government initially postponed implementation until 2022. Now, the government appears to have set the final date, adding to the delay.

Although the relative popularity of cryptocurrencies in South Korea declined following the bear market of 2018, as evidenced by the closure of Binance Korea, the country remains an important hub for crypto adoption.

The South Korean government has supported a variety of blockchain-based initiatives in the contexts of digital identity and blockchain voting. In addition, it has designated the large urban center of Busan to become a „blockchain city,“ although some reports suggest that such a classification lacks substance.

At the same time, the government has taken a strict stance on certain classes of crypto assets, requiring many local exchanges to remove privacy coins. It has also placed executives at the prominent local exchange Bitcoin Champion under investigation for alleged fraud.

After several postponements, the South Korean government is moving forward with a plan to tax cryptocurrency holders

On Wednesday, the South Korean government tabled an amendment to introduce a tax on profits from cryptocurrency trading.

After a legislative notice until January 21, the amendment will likely be implemented in February, Asia Today reported. However, Korea will only start imposing the cryptocurrency tax in 2023.

The proposal will introduce a variety of additional taxes on capital gains, with a progressive tax schedule for profits in equity trading. For cryptocurrency holders, anyone with an annual income above 2.5 million won ($2,300) will be taxed at 20%. The threshold is much lower than that defined for profits from stock trading, which will only be taxed if they exceed 50 million won ($46,000).

For cryptocurrencies owned before the start of the tax program, authorities will consider the highest market price immediately prior to 2021 or the actual acquisition price.

The proposed tax scheme has been postponed several times in 2020. Following pressure from local cryptocurrency advocates, the government initially postponed implementation until 2022. Now, the government appears to have set the final date, adding to the delay.

Although the relative popularity of cryptocurrencies in South Korea declined following the bear market of 2018, as evidenced by the closure of Binance Korea, the country remains an important hub for crypto adoption.

The South Korean government has supported a variety of blockchain-based initiatives in the contexts of digital identity and blockchain voting. In addition, it has designated the large urban center of Busan to become a „blockchain city,“ although some reports suggest that such a classification lacks substance.

At the same time, the government has taken a strict stance on certain classes of crypto assets, requiring many local exchanges to remove privacy coins. It has also placed executives at the prominent local exchange Bithumb under investigation for alleged fraud.

Aktive Adressen von Bitcoin, Handelsvolumen jetzt auf Allzeithochs

Das Handelsvolumen und die aktiven Adressen für Bitcoin haben jetzt ihre bisherigen Höchststände während des letzten Crypto Bull-Laufs im Jahr 2017 überschritten, und die Daten haben einigen Analysten das Vertrauen gegeben, dass der Bullenmarkt für Bitcoin noch nicht vorbei ist.

Daten von CryptoCompare zeigen, dass das Bitcoin-Handelsvolumen an den acht großen Börsen des CoinDesk 20 11 Milliarden US-Dollar überschritten hat, ein neues Allzeithoch gegenüber dem vorherigen Rekord während des Crypto-Bull-Marktes 2017.

„Dies ist in erster Linie ein Zeichen dafür, wie viel größer und ausgereifter die Branche ist und viel mehr Geld an diesen Börsen fließt“ , sagte Bendik Norheim Schei, Forschungsleiter bei Arcane Research , gegenüber CoinDesk.

„Es ist großartig, höhere Volumina zu sehen, die den Markt liquider und effizienter machen.“

Das steigende Volumen aufgrund des Ausverkaufs am Montag kam laut Schei zum Teil von Marktneulingen.
„Ein Teil dieses Volumens stammt definitiv von neuen und unerfahrenen Investoren, die zum ersten Mal in den Markt eintreten und in Panik geraten, wenn der Preis zu fallen beginnt“, sagte er. „Diese Korrekturen sind notwendig und gesund, auch in einem Bullenmarkt.“

Gleichzeitig hat die Anzahl der aktiven Bitcoin-Adressen nach Angaben von Glassnode am 8. Januar ihren bisherigen Rekord gebrochen.

Die Anzahl der aktiven Bitcoin-Adressen

„An ihrem höchsten Punkt in der vergangenen Woche waren an einem einzigen Tag über 1,3 Millionen Bitcoin-Adressen aktiv“, schrieb das On-Chain-Datenanalyseunternehmen in seinem wöchentlichen Marktbericht am 11. Januar. „Dieser anhaltende Anstieg weist auf ein beeindruckendes Maß an Neueinführung hin und Aktivität für Bitcoin und legt nahe, dass die Anzahl der Marktteilnehmer im Netzwerk höher sein könnte als jemals zuvor. “

Der Preis von Bitcoin wurde laut CoinDesks BPI bei 34.011,89 USD gehandelt, was einem Rückgang von 11,10% in den letzten 24 Stunden entspricht.

Einige sagten, der jüngste Ausverkauf des Marktes sei auf kurzfristige Gewinnmitnahmen institutioneller Anleger zurückzuführen, nachdem die Preise in der vergangenen Woche zu hoch geworden waren.

Viele haben gesagt, dass der Bullenlauf von Bitcoin seit 2020 weitgehend von traditionellen Institutionen in Nordamerika angeführt wurde, was durch das signifikante Wachstum des Bitcoin-Futures-Marktes an der CME belegt wird, der hauptsächlich institutionellen Anlegern dient.

CEO des Finanzriesen DeVere hat die Hälfte seines Bitcoin-Portfolios verkauft – hier ist der Grund

Kryptowährungsbefürworter und der CEO der in Großbritannien ansässigen unabhängigen Finanzberatungsfirma deVere Group, Nigel Green, legt offen, warum er kürzlich 50% seines Bitcoins liquidiert hat.

In einem Blog-Beitrag sagt Green, dass er die Hälfte seiner BTC Ende letzten Monats verkauft hat, um einige Gewinne mitzunehmen und mit der Erwartung, dass er später während der Einbrüche wieder einkaufen wird.

„Es sollte kein Missverständnis über meine Entscheidung zu verkaufen. Es liegt nicht an einem Mangel an Glauben an Bitcoin oder das Konzept der digitalen Währungen – es ist eine Gewinnmitnahme jetzt, um später mehr zu kaufen.“

Laut dem Post verkaufte der CEO der deVere Group den Bitcoin um die Zeit, als er einen Höchststand von 24.661 $ erreichte. Das Flaggschiff der Kryptowährungen erreichte am ersten Wochenende des Jahres 2021 fast $35.000.

Green behauptet, dass sein Glaube trotz des Verkaufs der Hälfte seiner Bitcoin unerschütterlich ist.

„In der Tat glaube ich mehr denn je, dass die Zukunft des Geldes Kryptowährungen sind.“

Der CEO der deVere Group fügt hinzu, dass angesichts der Tatsache, dass Regierungen weltweit geldpolitische Maßnahmen ergreifen, die zu einer verstärkten Besorgnis über Inflation führen, mehr Investoren zu Bitcoin als Absicherung strömen werden.

Im Oktober 2020, als Bitcoin unter 12.000 US-Dollar gehandelt wurde, sagte Green voraus, dass die Flaggschiff-Kryptowährung eine ähnliche Rallye wie im Jahr 2017 erleben würde.

„Es gibt ein wachsendes Gefühl, dass wir einen Mini-Boom erleben werden, ähnlich wie Ende 2017…

Die Preise müssen noch das Interesse der Investoren einholen – aber das ist nur eine Frage der Zeit, denn die Investoren werden nicht schlafwandeln wollen, um vielleicht Jahreshöchstpreise im Vorfeld von Ende 2020 zu erreichen.“

Zum Zeitpunkt des Schreibens, Bitcoin wird bei fast $32,000 gehandelt, eine Aufwertung von mehr als 150% seit Green seine Vorhersage gemacht hat, laut CoinMarketCap.

Beliebte Trader sagt „Dark Horse“ Crypto Asset gesetzt, um in diesem Jahr ausbrechen

Krypto-Analyst Lark Davis sagt, eine neue Smart-Contract-Plattform könnte der Schläfer Hit des aktuellen Krypto-Bullenzyklus sein.

In einem neuen Video, Davis Spotlights fünf Krypto-Assets, die er glaubt, wird massive Gewinne drucken in 2021. Seine ersten vier Picks landen alle in den Top-Ten-Vermögenswerte nach Marktkapitalisierung, aber die letzte Auswahl des Analysten könnte einige überraschen.

Smart-Contract-Plattform Elrond (EGLD), die an der 49. Stelle in der gesamten Marktkapitalisierung sitzt, ist Davis‘ „dunkles Pferd“ Pick für diese altseason.

Davis hebt Elrond’s starke Tokenomics und zahlreiche Partnerschaften hervor und sagt, dass er glaubt, dass der jüngste Hype um die Plattform wohlverdient ist.

„Elrond ist im Grunde alles, was ETH 2.0 sein will, aber heute. Sie hatten sogar einen massiven Shakeup der Tokenomics mit einem Push für Bitcoin-ähnliche Knappheit und Ethereum-ähnliche Funktionalität… Ich denke, dies wird ein absoluter Star der Hausse sein, also stellen Sie sicher, dass Sie diesen auf Ihrem Radar haben…

Elrond hat mehr Partner als viele dieser Ketten, die es schon seit drei oder vier Jahren gibt. Es ist unglaublich, das Ökosystem, das sie bereits aufgebaut haben… Elrond war in der Lage, dieses unglaubliche Exosystem zu schaffen, wirklich nur hinter Ethereum oder Polkadot.“

Das Team von Elrond hat auch die Krypto-Wallets der Vergangenheit mit dem digitalen Wallet Maiar verbessert.

„Dies ist ein großer Schritt in Bezug auf die Krypto-Wallet-Technologie. Was die Maiar-Wallet macht, ist, dass sie tatsächlich ein einzigartiges und sicheres Konto für Sie erstellt, das auf der Blockchain registriert ist, und sie machen das mit einem kryptografischen Hash der Telefonnummer des Benutzers. Also das ist eine interessante zusätzliche Schicht von Sicherheit und Technologie für Ihre kryptogeldbörse.“

Abgesehen von Elrond, Davis Highlights vier der größten Spieler in den Raum als Projekte, die Mond während dieser bull-Zyklus. Der erste der big cap plays ist Ethereum (ETH), die bekannteste smart contract-Plattform.

„Jetzt, wo wir Ethereum 2.0 Genesis im Dezember gestartet haben, habe ich das Gefühl, dass nichts den Aufstieg von Ethereum aufhalten kann, um weiterhin den Raum der Smart-Contract-Plattformen absolut zu dominieren. Es ist die unbestrittene Heimat der DeFi mit der Mehrheit der wichtigsten Protokolle auf Ethereum gebaut. Es hat auch mehr Wert auf der Kette abgewickelt als Bitcoin im Jahr 2020. Es wird das wahrscheinlich auch im Jahr 2021 wieder tun.“

Seine Bullishness auf Smart-Contract-Plattformen endet hier nicht: Er ist auch optimistisch über Cardano (ADA), vor allem nach der Einführung von Staking-Belohnungen im Jahr 2020, die er sagt, gab Investoren eine Menge Vertrauen in die „slow-burn coin.“

„Wenn Cardano schließlich liefert auf seine große vision, dann wird es eine Kraft, mit der gerechnet werden. Smart-Verträge sind derzeit im Zeitplan, um vollständig auf die Kette in Q1 von 2021 ausgerollt werden. Das wird wirklich groß sein. Es wird Cardano endlich ermöglichen, wirklich nur ein starkes Ökosystem aufzubauen.“

„Jeg kan mangle noe,“ sier milliardær Bitcoin Bear Ray Dalio

Ray Dalio forvalter det største hedgefondet i verden.

Dalio er en langvarig Bitcoin-bjørn, som tidligere beskrev den som dårligere enn gull

Det grunnleggende som ligger til grunn for den siste bull run kan ha fått ham til å ombestemme seg på Bitcoin.

Bridgewater Associates grunnlegger Ray Dalio la ut en serie tweets angående grunnleggende Bitcoin den 17. november etter å ha blitt overrasket over å se BTC krysse $ 17 000.

Dalio erkjente at hans baisse analyser kan ha vært feil, og la til at han ville „bli korrigert.“

Dalio har tidligere uttalt at Bitcoin er dårligere enn gull og ineffektivt som et byttemiddel eller en butikk av verdi.

Tidligere denne måneden hevdet Dalio til og med at Bitcoin sannsynligvis vil bli forbudt hvis det noen gang blir “materielt”, og legger til at krypto ikke vil lykkes slik folk håper.

Har Dalio andre tanker om Bitcoin?

Den frittalende Bitcoin-bjørnen kan nå endre sin stemme og åpne en debatt på Twitter rundt verdens ledende kryptovaluta.

Mens Dalio holder fast ved sin våpen, for nå og hevder at verdensregjeringer er mer sannsynlig å forby Bitcoin enn å adoptere det, er dette første gang han erkjenner at han kanskje ikke har det fulle bildet. Tidligere Bitcoin-bjørner som Jamie Dimon og Michael Saylor har nylig kommet rundt til Bitcoin, noe som kan ha påvirket Dalios analyse. Den nåværende bull run er også ganske forskjellig fra FOMO-vanviddet i 2017, med mye sterkere grunnleggende grunnlag for dagens prisaksjon .

Simon Dixon prevê crescimento do Bitcoin em meio a falha generalizada do sistema bancário

Simon Dixon, CEO e cofundador da plataforma de investimento de criptografia BnkToTheFuture, está detalhando o que ele vê acontecendo com o Bitcoin quando os pacotes de estímulo e ajuda finalmente acabam.

Em entrevista a Daniela Cambone, Dixon afirma que os bancos privados podem quebrar inadvertidamente o mercado imobiliário, criando uma confusão deflacionária que destrói os bancos.

“Eventualmente, acredito que quando os pacotes de estímulo param e o dinheiro do helicóptero para, então a verdadeira natureza dos balanços individuais das pessoas surge e o primeiro lugar que chega são os mercados imobiliários.

O mercado imobiliário é realmente o mecanismo pelo qual os bancos privados criam moedas digitais sempre que emitem um empréstimo. Então, se os bancos não venderam o suficiente desses ativos tóxicos para a sua pensão como fizeram antes da última crise financeira, então isso expõe o balanço dos bancos pelo que eles são e porque os bancos são definitivamente grandes demais para falir o impacto disso a deflação no mundo global seria desastrosa para todos ”.

Ao contrário da crise financeira de 2008, Dixon acredita que os governos não podem intervir para evitar o colapso dos bancos, necessitando de uma nova forma de moeda.

“Eu acredito que desta vez, ao invés de resgates e resgates, por causa de toda a agitação social no momento, [resgate do governo] poderia ser substituído simplesmente deixando o banco quebrar.

E em vez de usar alguns desses esquemas de seguro FDIC (Federal Deposit Insurance Corporation), que têm apenas cerca de 1% de todos os seus depósitos ou menos de 1%, você precisa de uma nova forma de dinheiro que será injetada na economia e uma maneira realmente simples de fazer isso é simplesmente criar um aplicativo no banco central e o banco central dizendo: ‚Todo mundo baixe este aplicativo, você receberá algum dinheiro do helicóptero‘, e se o banco Chase falir, então qualquer depósito que você tenha será substituída por esta nova moeda digital do banco central.

Você está essencialmente substituindo o dinheiro baseado em dívida que foi criado por um banco privado por dinheiro não baseado em dívida criado por um banco central e você tem um mecanismo não inflacionário para desalavancar a economia e então teremos guerras cambiais globalmente e o FMI quer fazer isso em escala global. ”

Dixon acredita que as pessoas não precisarão se preocupar com o congelamento de seus fundos nesses novos aplicativos de banco central, mas devem se preocupar com sua privacidade e liberdades pessoais se essas novas formas de dinheiro se materializarem.

Dixon destaca que, apesar de todo o caos de potenciais colapsos de bancos, ele espera que o BTC passe por extrema volatilidade, mas a tendência permanecerá óbvia.

“Eu vi meu Bitcoin de $ 30 cair para $ 3 em um dia. Eu vi meu Bitcoin de $ 1.250 cair para $ 250. Eu vi meu Bitcoin de $ 20.000 cair para $ 3.000 em um mês. Eu realmente espero que meu Bitcoin de $ 100.000 caia para $ 30.000, mas a tendência é simplesmente clara. O suprimento não pode ser alterado. ”

The Skype co-founder keeps his immense fortune in Bitcoin and cryptocurrency, and he’s living it well!

Rich, but mostly in cryptos – Although less well known than his counterpart, Elon Musk, Jaan Tallinn is nonetheless an engineer turned genius entrepreneur. Astonishing fact: It turns out that Tallinn retains much of the fortune it has built in cryptos .

A generous donor in cryptocurrency

Jaan Tallinn is the co-founder of the social network Bitcoin Era, created in the early 2000s, before being sold to the eBay group in 2005, then acquired by Microsoft in 2011. This engineer of Estonian origin is now at the head with a personal fortune estimated at 900 million dollars .

In a recent interview with the Forbes newspaper, we learn that Jaan Tallinn has been a crypto HODLer for some time, having made very large donations in cryptocurrency over the past 2 years.

He poured these gifts to society Faculty AI , based in London, focusing on machine learning systems (machine learning) serving businesses and governments.

Jaan Tallinn would have thus, initially, given 350 ethers (ETH) to Faculty AI in January 2018. These ETH had a value then of approximately 435 000 dollars . He again made a donation to this company more recently, in March 2020: 50 bitcoins this time, or nearly $ 315,000 at that time.

A crypto-HODLer who cares about the appearance of a Skynet, Terminator style

Even though his donation aims to limit the risks associated with currently existing AI (artificial intelligence) systems, Tallin hopes that this will also limit the possible negative effects of the birth of an AI that exceeds human intelligence:

“(…) It might also make it safer to deploy something smarter than us. “

The almost billionaire also explains that, if he made his donations in ethers and bitcoins , it is because he keeps the majority of his heritage in this form. In addition, converting these cryptos into fiat currencies would have resulted in unnecessary taxation (which would have reduced the amount of his donations).

Even if this type of donation has been an “accounting puzzle” according to Marc Warner , founder and director of Faculty AI, the company is happy to have kept a good part of it in its books of account. She would have sold only $ 144,000 in ethers between March 2019 and March 2020.

Holding cryptocurrencies over the long term seems to have benefited both Jaan Tallinn and the society that benefited from his generosity. The latter thus has good reserves to finance its future research on AI and machine learning .

UN BITCOIN STABLE/BULLISH METTE IL COLLEGAMENTO A CATENA (LINK) SULLA STRADA A $20: ANALISTA

Se Bitcoin raggiungerà la stabilità o un ulteriore bullismo nelle sessioni a venire, potrebbe aiutare il suo concorrente Chainlink (LINK) ad aggiungere più valore alla sua capitalizzazione di mercato.

Così dice Kevin Svenson, un analista di mercato indipendente. Il chartist ha notato in un tweet del primo giovedì che LINK potrebbe raggiungere una valutazione di 20 dollari, quasi il 66% in più rispetto a dove sta negoziando al momento di questa scrittura. Ha fatto la previsione rialzista dopo aver notato la performance di ottobre dell’altcoin, dove è salito di quasi il 18 per cento fino ad oggi.

„Chainlink“ è aumentato di prezzo nell’ultimo mese. Sembra piuttosto buono“, ha scritto Mr. Svenson. „Se Bitcoin può rimanere stabile e/o rialzista, potremmo sviluppare un altro trend parabolico nel 2021. Chi è pronto per un LINK di +20 dollari?“

CORRELAZIONE

L’affermazione ha in qualche modo preso spunto dalla dipendenza di LINK dal trend Bitcoin per determinare il suo pregiudizio. Il gettone Chainlink si è mosso quasi in sincronia con il suo rivale principale, soprattutto dopo che questi ha formato un top annuale intorno al 16 agosto e successivamente ha iniziato a correggere la parte inferiore mano nella mano.

Tra allora e il 23 settembre il tasso di cambio LINK/USD era sceso di oltre il 60%. Nello stesso periodo, il BTC/USD era sceso del 21 per cento.

E poi, il recupero è iniziato per entrambi i beni. Il LINK ha toccato il fondo a 7,31 dollari e il 24 ottobre è rimbalzato fino a 12,97 dollari, con un recupero del 77,38 per cento. Nel frattempo, Bitcoin ha toccato un doppio fondo a 9.819 dollari il 5 e l’8 settembre. Ma, è saltato indietro fino a 13.863 dollari il 29 ottobre – un recupero complessivo del 40 per cento.

Questo spiega in qualche modo perché Mr. Svenson ha bloccato le aspettative rialziste di LINK con quelle di Bitcoin. C’è una correlazione tra le due cose. CryptoWatch lo conferma anche leggendo il coefficiente tra Bitcoin e Chainling allo 0,61% sopra lo zero.

BITCOIN IN RIALZO PER RIPRENDERE

Kevinson, nel frattempo, vede la Bitcoin a livelli di prezzo più alti almeno dopo le elezioni presidenziali del 3 novembre.

L’analista ha evidenziato il recente disaccoppiamento della crittovaluta dall’indice S&P 500, affermando che lo stesso è avvenuto prima delle elezioni del novembre 2016. Ma dopo la corsa presidenziale, sia la Bitcoin che l’S&P 500 sono entrati in un mercato toro, un frattale che si ripete.

Anche i tori BTC/USD stanno osservando un’estesa mossa al rialzo in attesa che il governo statunitense finalizzi il secondo pacchetto di aiuti per il coronavirus. Gli strateghi globali ritengono che il prossimo stimolo arriverà solo dopo le elezioni.

Data la dimensione minima di 2.000 miliardi di dollari, l’aiuto potrebbe ridurre la dipendenza degli investitori dal dollaro USA e riportare i loro investimenti in attività più rischiose come Bitcoin in un contesto di tassi di interesse quasi nulli.

Nel complesso, questo lascia Chainlink rialzista.

User paid more than 23 ETH for a USD 120 transaction

One user paid more than 23 ETH per „accident“ in a transaction made at Uniswap for USD 120.

A user paid more than 23 ETH by mistake, for a USD 120 transaction on the Exchange Uniswap. The trader claims to have „destroyed“ his life after accidentally paying USD 9,500 in fees.

On 5 November, Reddit user ‚ProudBitcoiner‘ published that he had accidentally paid 23,5172 Ether (ETH). For a single transaction after confusing the „Gas Limit“ and „Gas Price“ entry boxes in the MetaMask wallet.

„Metamask did not fill in the ‚Gas Limit‘ field with the correct amount in my previous transaction and Bitcoin Profit app that transaction failed, so I decided to change it manually in the next transaction but instead of writing 200,000 in the ‚Gas Limit‘ entry field, I wrote it in the ‚Gas Price‘ entry field, so I paid 200,000 GWEI for this transaction and destroyed my life“.

Uniswap is a non-custodial exchange of ERC-20 tokens, which means that transactions are executed directly from the user’s wallet. This allows them to manually set the gas prices they are willing to pay for a transaction.

The user pointed out that he had recently downloaded MetaMask version 8.1.2 and that he had no problems with the Gas Limit field.

The redditor ‚Mcgillby‘ suggested that MetaMask introduce safeguards that require users to confirm a transaction when the price of gas entered significantly exceeds the price.

„I think they could issue a warning like: ‚You are exceeding the amount needed to be included in the next block by a significant amount‘ and make you confirm. Metamask already automatically calculates the recommended gas price, so I don’t see any reason. Why they can’t have an additional confirmation if someone exceeds the recommended gas price by a large margin.

Error in the percentage of compound financing bifurcation leads to $ 1 million blocked
Approximately USD 1 million in Ethereum tokens are blocked in a new DeFi application. After its developers made changes to the protocol’s smart interest rate contracts.

The PercentFinance project announced in a published blog post that just under USD 1 million in ERC-20 tokens had been blocked due to a mistake.

The team announced that an error in an interest rate model update resulted in a freeze on the USDC, WBTC and ETH markets.

Net funds (the difference between available supply and borrowed funds) in these markets have been frozen and users will not be able to supply, borrow, repay or withdraw in these markets until further notice.

Launched in October 2020, PercentFinance is a bifurcation of Compound Finance which differs from the latter by using Chainlink oracles.

Bitcoin beats DeFi
Binance’s DeFi index falls by 60%
The DeFi index, initially launched by Binance Futures in late August, is experiencing its second month of stress. Trading downwards from its historical peaks of around USD 1200 to less than USD 400, a decline of approximately 60%.

In fact, most DeFi tokens have erased 70% to 90% of their earnings since the beginning of September. As the Binance report of November 5th points out

As described in the report, only eight DeFi tokens, AAVE and UNI, showed a neutral correlation with Bitcoin during the 45 days leading up to November 1. Eight other DeFi tokens had a completely negative relationship. Additionally:

„7 out of 13 DeFi tokens had negative correlations with Ethereum (ETH), even though Ethereum drives much of the DeFi ecosystem. The negative correlation of DeFi with BTC and ETH is not a surprise, as the DeFi bubble came to a crashing end in September,“ they say.

US elections: crypto community supports blockchain vote

Faced with US presidential elections that drag on and crystallize all tensions, the crypto community is calling for the development of a blockchain-based voting system.

Blockchain voting to clean up the next American elections?

The United States is in the midst of a political crisis, as the results of the presidential elections are slow to be known. Donald Trump has embarked on a legal battle to try to suspend the counting of votes. He also asks that they be counted again.

Several figures in the blockchain community have therefore raised the idea of an extended blockchain vote for the next large-scale elections in the United States. In particular, they would make it possible to count the votes automatically, and to avoid suspicion of fraud. Binance CEO Changpeng Zhao thus urged the community to build a reliable blockchain-based voting system, in order to propose it for the following US elections:

“If there is a blockchain voting mobile app (with efficient KYC of course), we won’t have to wait for results , or question their validity. The privacy [of voters] can be protected using several encryption mechanisms. „

Equal to himself, CZ doesn’t bother with caution. He estimates that if a company chooses to develop something now and get government approval, it will have “ Over 300 million users in 4 years . “ And to add that any competent developer should be happy to develop this app for free …

A particularly complex task in reality

A vision shared by Vitalik Buterin , who however explained that developing an app of this type would represent a particularly hard challenge :

“The technical difficulties associated with the development of an encrypted and secure voting system are significant (and often underestimated). But in my opinion, this is 100% the direction to take . “

The creator of Ethereum also recalls the limitations of postal voting, citing a statistic: the US postal services have failed to deliver 27% of votes remotely . It would appear, however, that this figure is misleading .

Still, the US presidential elections turned into an imbroglio that could undoubtedly have been simplified by using other forms of voting. However, we must be careful . In Russia, blockchain voting has already been tested in Moscow, and it will be extended for the next legislative elections . But already, it has shown its limits: the site used had been attacked and sensitive voter data ended up for sale on the Darknet .

If there is a blockchain solution, it will therefore require a considerable phase of testing to ensure that it is suitable for a large-scale vote such as the American elections. Gradually, however, the idea gained ground. This summer, we learned that India was also considering blockchain voting .

Un membre britannique présumé de l’Etat islamique a utilisé Bitcoin pour financer l’évasion de militants des camps de prisonniers syriens

Un citoyen britannique qui aurait été membre de l’EI depuis plus de quatre ans a comparu devant un tribunal local pour avoir prétendument envoyé de l’argent à l’étranger (via BTC) pour aider des militants capturés de l’Etat islamique à s’échapper des camps de prisonniers syriens.

Selon un rapport , le citoyen de 27 ans nommé Hisham Chaudhary fait face à sept chefs d’accusation de terrorisme, dont l’appartenance à une organisation interdite et la conclusion d’un accord de financement

En plus de cela, les charges retenues contre Chaudhary comprennent également la compilation et la diffusion d’une publication terroriste intitulée The Wholesome Fruit In The Vertues And Etiquettes Of Jihad en octobre et novembre de l’année dernière.

Cependant, l’accusé n’a indiqué aucun plaidoyer pour les sept chefs d’accusation lors de sa comparution vidéo au Westminster Magistrates ‚Court.

Selon le rapport, Chaudhary est accusé d’avoir assumé certaines responsabilités au nom du groupe, telles que la collecte de fonds et le transfert d’argent à l’étranger en utilisant Bitcoin, ce qui permettrait aux militants de l’Etat islamique de s’échapper des camps de prisonniers contrôlés par les Kurdes dans le nord de la Syrie.

Le montant de BTC que Chaudhary a acquis et aurait envoyé aux militants reste caché aux autorités. Les procureurs ont affirmé que Chaudhary, qui est originaire d’Oadby, dans le Leicestershire, est un membre accepté de la tristement célèbre organisation terroriste État islamique depuis début 2016.

L’État islamique est interdit en vertu de la loi britannique depuis 2014

Les organisations terroristes utilisent Bitcoin pour financer leurs opérations à un rythme croissant. En fait, en août de cette année, le département américain de la Justice (DOJ) avait saisi plus de 300 comptes de crypto-monnaie liés ou gérés par trois groupes terroristes notoires.

Les forces de l’ordre américaines ont suivi les fonds vers les comptes sur la blockchain Bitcoin et ont vu des millions de dollars de transferts de «campagnes de financement» et de dons anonymes se terminant dans les portefeuilles. Finalement, les autorités américaines ont pu saisir plus de 300 comptes de crypto-monnaie, quatre sites Web et quatre pages Facebook, tous liés à l’entreprise criminelle.