πŸš€ Bitcoin Miners may have earned $5 Billion USD in 2019 πŸ€‘

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    πŸš€ Bitcoin Miners may have earned $5 Billion USD in 2019 πŸ€‘



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    πŸ“ South Korea plans 20% tax on crypto gains

    The government of South Korea is planning to charge a 20% tax on income from cryptocurrency transactions.

    This raised speculation that the government will treat crypto trading gains as "other income" and not as "capital gains."

    "Other income" in Korea is subject to a 20% tax on 40% of total other income, and the remaining 60% is tax-deductible.

    ⛏️ Bitcoin miners made an estimated $5 billion in revenue during 2019

    Of the $5 billion, $4.89 billion was in the form of block rewards, while the remaining $146 million was made via transaction fees.

    Block rewards are set to change this year after the block reward halving, when the per-block subsidy will drop from 12.5 BTC to 6.25 BTC.

    Many analyst speculate high volatility during this period, you can track the countdown timer using the CoinGecko Countdown Timer.

    🌴 KyberSwap to move out of EU in response to 5AMLD

    KyberSwap, the exchange that uses the Kyber Network protocol, is moving out of Malta to the British Virgin Islands

    The exchange said 5AMLD regulations "would put too high a barrier for the majority of traders, both – regulatory and cost-wise".

    KyberSwap said its team and leadership will remain the same.

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