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South Korea "North Korea Lazarus Hacked Upbit at 2019"
According to an investigation, the main culprit of the takeover of Ethereum(ETH) worth 58 billion won in 2019 at Upbit, a cryptocurrency exchange, is the North Korean hacker group. South Korea Police announced on Nov. 21 that the main culprits behind the hacking were Lazarus and Andariel, a hacker group under the North Korean Reconnaissance General Bureau. South Korea Police investigated the case in which 342,000 Ethereum were stolen from Upbit in November 2019 with the U.S. Federal Bureau of Investigation(FBI) and concluded tha
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Japan is Pushing Cryptocurrency Tax Rate cut..."20% Flat Rate"
It has been revealed that the Japanese government is considering a drastic tax cut on cryptocurrency taxation as part of its economic stimulus package in Japan. According to local media, the Japanese government is pushing for a revision of the country's taxation bill as part of its economic stimulus package on Nov. 20, including cryptocurrency-related taxation. Currently, Japan is applying a maximum tax rate of 55% to cryptocurrencies. Accordingly, the plan is to reduce this to a flat tax rate of 20%. It is also considering increasing the tax-free income of cryptocurrency i
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Major News Headlines for Today
1. Trump Considers Setting up First White House Post for Cryptocurrency It has been revealed that Trump is considering establishing a position dedicated to cryptocurrency policy in the White House. Bloomberg reported Nov. 20 hat based on the testimony of sources, Trump is considering establishing a new position for the purpose of establishing and processing clear cryptocurrency policies in the United States. According to reports, the newly established position would a position that allows face-to-face reporting to Trump, and Trump is currently considerin
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Bitcoin Reaches the Highest Price by Success of Spot ETF Option
Bitcoin(BTC) has again hit a new high thanks to the successful listing of the Bitcoin Spot Exchange Traded Fund(ETF) on the Nasdaq and its box office. Bitcoin hit an all-time high of $93,970 at 4:15 a.m. on Nov. 20. The reason for the breaking of Bitcoin's declaration is the explosive trading volume of the BlackRock Bitcoin spot ETF 'IBIT' at the same time as the Nasdaq listing. The trading volume of IBIT options on the first day of trading on Nasdaq is about $1.9 billion. The IBIT option showed explosive trading vol
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Democratic Party in South Korea Pushes for Cryptocurrency Taxation Without Postponement
Democratic Party in South Korea decided to raise the cryptocurrency tax deduction limit to 50 million won and deduct taxation without a grace period on Nov. 20. The negotiations between governing and opposition parties are drawing attention ahead of a vote by the Tax Subcommittee of the Strategy and Finance Committee on Nov. 20. According to a local media report on Nov. 20, the Democratic Party decided to push for a tax law revision to raise the deduction for cryptocurrency trading profits from 2.5 million won to 50 million won. Tae-ho Chung, a lawmaker of t
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Bitcoin Breaks ATH...Record $93,970
Bitcoin(BTC) hit an all-time high as Bitcoin recorded at $93,970 at 4:15 a.m. on Nov. 20 by successful Nasdaq listing of Bitcoin Spot Exchange Fund(ETF) option. BlackRock Bitcoin spot ETF 'IBIT' recorded around $1.9 billion at the first trading day of Nasdaq. Earlier, BlackRock was approved by the U.S. Securities and Exchange Commission(SEC) to list IBIT option on the Nasdaq, but it was first listed on the Nasdaq on Nov. 19 due to delays in the final approval of the Option Settlement Company(OCC).
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Major News Headlines for Today
1. Bitcoin Breaks ATH Again...Reached $93,970 The price of Bitcoin (BTC) hit an all-time high of $93,970 on Nov. 20, as the successful Nasdaq listing of Bitcoin Spot Exchange Fund(ETF) option. The option product of BlackRock's Bitcoin Spot ETF 'IBIT' was first listed on Nasdaq on Nov. 19 following the final approval of the Options Clearing Corporation(OCC), and recorded a trading volume of about $1.9 billion on the first day of trading. 2. Trump Appoints Commerce Secretary As 'Pro-Bitcoin Personne
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Crypto Market Moves Quiet After Soaring
The cryptocurrency market, which had recently recorded a big rise, entered a quiet side guarantee on Nov. 19. After the recent rise due to good news, no additional good news is disclosed, and the trend continues to be somewhat calm. While Bitcoin(BTC) rose slightly, altcoins continued to remain calm. Amid the calm market, a number of news poured out that could shake the perception of the market. News has been reported that Trump had a private meeting with Coinbase CEO Brian Armstrong. The exact details of the meeting have not been revealed, but rumors have b
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Trump Set to Secret Meeting With Coinbase CEO
Trump will hold a private meeting with Coinbase CEO Brian Armstrong to discuss cooperation. Bloomberg reported on Nov. 18 that Trump announced a closed-door meeting with Armstrong, and that the main theme of the meeting is the possibility of appointing Armstrong's position within the second Trump administration. Earlier, when he was a presidential candidate, Trump announced the launch of an administration that will actively support the cryptocurrency industry. In fact, Trump, who was elected as the 47th U.S. president, is deploying 'pro-crypto figures' thr
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Major News Headlines for Today
1. Trump Set to Secret Meeting With Coinbase CEO Trump will hold a secret meeting with Coinbase CEO Brian Armstrong for the purpose of discussing cooperation. Bloomberg reported on Nov. 18 that Trump announced a secret meeting with Armstrong, and that the meeting is likely to be aimed at Trump appointing Armstrong as a key figure in 'Crypto Presidential Advisory Committee', which has predicted the launch in his new administration. When he was a presidential candidate, Trump announced that he would launch a cryptocurrency presidential advi
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Altcoin Rally On Rumors Of Gensler's Dismissal
Altcoins rallied on Nov. 18 as news broke that Gary Gensler, chairman of the U.S. Securities and Exchange Commission(SEC), may resign. A number of foreign media outlets are reporting Gensler's resignation. This is because former President Trump, who has pledged to dismiss Gensler several times, has confirmed the election of the 47th U.S. president. In an interview with Thinking Crypto, a media outlet specializing in cryptocurrency, Cody Carbone, chairman of the Digital Chamber of Commerce, suggested Gensler's resignation date of Decem
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SBI Chairman Claims Ripple IPO Amid XRP Surge
Amid a recent surge in Ripple(XRP) over rumors stemming from its connection to Trump, SBI Chairman Yoshikata Kitao, known as one of the Ripple's largest shareholder, insisted on Ripple Lab's initial public offering(IPO). Chairman Kitao posted a message on his X account on Nov. 17, saying, "Ripple should start preparing for an initial public offering(IPO) as soon as the US Securities and Exchange Commission(SEC) case is completed." Chairman Kitao's comments are drawing great attention from both inside and outside the market
