Cryptoknowmics’ Daily Dose of Crypto Updates | 2 Jan 2020

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DLive: The Latest Addition to Justin Sun’s Portfolio
Tron founder and CEO of BitTorrent, Justin Sun has added blockchain-based live streaming platform DLive to his portfolio of acquisitions. The deal would witness the merger of BitTorrent’s live streaming platform BLive into DLive.

South Korean Government Confirms Crypto Profits Are Not Taxable
The South Korean Ministry of Economy and Finance has confirmed that under current tax laws, profit generated from crypto transactions are not taxable. However, the government also said they are reviewing tax laws around the world to bring cryptocurrencies within the tax ambit.

Wirex Partners With i2c to Initiate Fiat-Crypto Travel Card
Fiat-cum-crypto payments platform Wirex would collaborate with I 2c Company to produce a travel card that would support the use of both fiat and crypto payments in the Asia Pacific region. Some of the targeted mainstream currencies from both sides include Bitcoin, Ethereum, Nano, US Dollar, Singapore Dollar, British Pound, and Japanese yen.

Electrical Shortages Pressure Chinese Miners to Scale down
Chinese authorities are mounting pressure on Bitcoin Mining farms in *Sichuan province to scale down their tools due to electricity shortages. It is because the dry season that begins in October and ends in May drastically impacts the supply of electricity in southwest China.

Electrical Shortages Pressure Chinese Miners to Scale down
Tendayi Kapfidze*, the chief economist at Lending Tree, has said that Bitcoin is a pyramid scheme. He added that Bitcoin has no real utility as people only make money on people who enter after them.

Justin Sun Explains Why he Pledged $1 Million Donation to Thunberg
Explaining the rationale behind his decision to donate $1 million to Swedish activist Greta Thunberg, Tron’s CEO Justin Sun said that decentralized settlements and decentralized finance platforms are run by computers on cloud computing systems. Consequently, it would eliminate the need for paper documentation.

– Rainbow Round 2 where you can earn 15 free XRB tokens
– Diagon Airdrop where you earn 125 free DGN tokens
– Buyanylight where you earn 40 free BAL tokens

Top Crypto Gainers of the day

Agrocoin 303.62%
ALL BEST ICO 131.95%
Fortem Capital 116.46%
NativeCoin 39.63%
Simone 32.61%

Top Crypto Losers of the Day

PlayCoin [QRC20] -50.74%
adToken -49.50%
FOIN -22.55%
Davion -17.64%
Dash Cash-17.17%

1.The Digital Money Forum Las Vegas,USA
Start : 07th Jan 2020 – End : 10th Jan 2020

2.The North American Bitcoin Con Miami, United States
Start : 15th Jan 2020 – End : 17th Jan 2020

3.Crypto Finance Conference 2020 St Moritz, Switzerland
Start : 15th Jan 2020 – End : 17th Jan 2020

4.TNABC Miami 2020 Miami, United States
Start : 15th Jan 2020 – End : 17th Jan 2020

Category: News
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