Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country.
The South Korean Finance Minister, Hong Nam-Ki, announced plans to impose a tax on cryptocurrency, while speaking to the parliamentary finance committee on June 17.

According to a report from local news outlet, Korea JoongAng Daily, the ministry will reveal further details of the plan next month. Hong told the committee that the government.

Readmore: https://cointelegraph.com/news/south-koreas-finance-minister-confirms-plan-to-tax-cryptocurrency

Binance will launch a new digital asset trading platform in 2020 in the United Kingdom to serve its increasing institutional clientele.
Leading cryptocurrency exchange Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors.

With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments in this sphere.

Binance is reportedly reviewing 65 digital assets that it plans to list on the exchange at launch. Investors will be able to trade these assets directly against pounds and euros, Reuters reported.

Readmore: https://cointelegraph.com/news/binance-to-launch-uk-trading-platform-for-institutional-and-retail-investors

I think bawal ata dito yung out side referral link. May tamang section po para sa mga referral.

Ikaw po ba ang Filipino representative ng Cartesi dito?mukhang maganda ang project na ito op. Salamat sa mga update mo.

Open interest on Bitcoin options contracts expiring next Friday amounts to $930 million, but what price action should be expected?
Much attention has been paid to the Bitcoin options and futures market and each week crypto media reports on new record open interest figures being achieved. As the date of another futures and options expiry approaches, traders are becoming anxious due to the fact that the Bitcoin (BTC) price has consistently failed to surpass the $10K mark.

To date more than 100,000 Bitcoin options totaling $930 million are set to expire on June 26 totaling and this figure represents nearly 70% of its entire open interest. On June 15 Bitcoin price pulled back to $8,900 and this led investors to question whether professional traders have turned bearish as the June 26 expiry date approaches.

Readmore: https://cointelegraph.com/news/930m-in-bitcoin-options-expire-next-friday-time-to-worry

Crypto has turned from an inevitable future to our happening present, and stablecoins may become the industry’s cornerstone.
Major financial institutions love certainty, and that will help the crypto community immensely. Let’s get down to basics: A stablecoin is a type of digital asset designed to solve the problem of the hypervolatility of cryptocurrencies.

This year is an exciting time for stablecoins as interest among financial institutions picks up speed. For example, Wisdomtree, a regulated money manager, has made plans to launch a stablecoin as an extension of its business in exchange-traded funds. IBM, State Street, JPMorgan Chase and Wells Fargo have all been exploring the opportunities provided by stablecoins. None of these institutions are prone to wild speculation. It’s these institutions that will drive mass adoption.

Readmore: https://cointelegraph.com/news/driven-by-financial-institutions-stablecoin-acceptance-turns-a-corner

Chainlink’s price oracles are quickly emerging as the industry-standard data source for the DeFi sector, with top project Kyber Network integrating the price feeds for its token swaps.
Chainlink’s price oracles are continuing to see widespread adoption among decentralized finance, or DeFI, protocols, with Kyber Network (KNC) integrating the price feeds on its KyberSwap token swap service on June 12.

KyberSwap is at least the third DeFi platform to integrate Chainlink’s price data this month, signposting Chainlink’s increasing dominance over the niche market.

Price references displayed for token swaps on the platform now derive from both Kyber Network’s native feeds and Chainlinks oracles.

Readmore: https://cointelegraph.com/news/chainlink-price-oracles-dominate-defi-data-feeds-amid-kyberswap-integration

A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession.
On June 11, South Korean experts stated through local media that cryptocurrencies are a “poor choice” of safe-haven assets during the COVID-19 pandemic.

According to The Scoop, Professor Hong Ki-hoon of Hongik University stated that crypto-assets like Bitcoin (BTC) should not be considered as “safe-haven assets,” at the level of Gold, dollars, or even the U.S. Treasury bonds. He does not deny, however, that volatility in the financial markets is causing more money to accumulate in the crypto market.

Readmore: https://cointelegraph.com/news/south-korean-experts-say-crypto-is-a-poor-safe-haven-asset