πŸš€ Slowly and Steadily, Stablecoin chugs along. USD Tether now a $10 Billion Dollar Beast 🦁

πŸš€ Slowly and Steadily, Stablecoin chugs along. USD Tether now a $10 Billion Dollar Beast 🦁 - Hallo sahabat Berita Terkini, Pada Artikel yang anda baca kali ini dengan judul πŸš€ Slowly and Steadily, Stablecoin chugs along. USD Tether now a $10 Billion Dollar Beast 🦁, kami telah mempersiapkan artikel ini dengan baik untuk anda baca dan ambil informasi didalamnya. mudah-mudahan isi postingan yang kami tulis ini dapat anda pahami. baiklah, selamat membaca.

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πŸš€ Slowly and Steadily, Stablecoin chugs along. USD Tether now a $10 Billion Dollar Beast 🦁

Also, why so many lawsuits flying?

Hello Geckos,

First Ripple (XRP) sued Youtube for allowing scam, Youtube didn't care. Now, Steve Wozniak is suing Youtube the exact same reason. What will Youtube do?

T-Mobile is also sued for making SIM swap attacks possible, resulting in $8.7 Million lost funds by a crypto company's c-suite exec.

In case you think not enough lawsuits are flying around today; John McAfee, the face behind the new GHOST (GHOST) cryptocurrency is being sued by Intel for using the "McAfee" name in his new coin. (Editor: This really is peak USA)


Today we talk about Tether's new market cap, Income Tax in Korea, and Shapeshift.

Hope you find this edition's CoinGecko Newsletter useful!

24h Hot searches worldwide πŸ‘€

Tether USD broke $10 billion in market capitalization


Tether (USDT) has reached a significant milestone, achieving a market cap of over $10 billion.


Tether has seen a 100% increase in its market cap from March 2020, where it was at $5 billion.


Currently, about $6 billion exist on Ethereum as ERC-20 tokens, while $2.8 billion are issued on Tron (TRX). Finally, $1.3 billion are original Bitcoin (BTC)-based on Omni (OMNI).


At the time of writing, the stablecoin has a market cap of $10,053,908,649 on CoinGecko.


(Editor: Wen tether bitcoin flippening sir?)


Decrypt

Cryptotrading in Korea subjected to 20% income tax


The South Korean government has announced a 20% tax rate for any income generated from cryptocurrency trading.


Gains made from virtual currencies will be classified as taxable income, and will be calculated on an annual basis.


However, if you make less than 2.5 million won per year from trading, you will be exempted from the tax.


It's also noted that non-residents and foreign entities that trade on South Korean exchanges will also be taxed. This tax will be deducted by the exchange itself, and paid to the South Korean customs office. 


(Editor: Render unto Caesar that which is Caesar's)

 
CoinDesk

Shapeshift trading app now available on iOS and Android


With ShapeShift's new self-custody trading app, traders can now purchase Bitcoin and Ethereum without trusting their private keys to a third-party app. 


The set-up is fairly simple, requiring only an email address and password.


Users can also store Bitcoin, Ethereum, Litecoin (LTC), DigiByte (DGB), TrueUSD (TUSD), and other ERC-20 tokens on the app.


The ShapeShift mobile app supports over 120 countries, and allows the usage credit or debit cards.


(Editor: Trying out the app? Let us know how it went!)


Decrypt

Initial Public Offering (IPO)


Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.


In the context of the crypto world, IPOs are often done in the form of Initial Coin Offering (ICO), Initial Exchange Offering (IEO) or Security Token Offering (STO).


Learn more terms with the CoinGecko Glossary

Read more on CoinGecko

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