InCoin Eng (crypto news)

2022-01-03 18:11:00 Samsung announces NFT platform for smart TVs

South Korean technology giant Samsung unveiled a new line of smart TVs with a built-in non-financial token platform (NFT). According to Monday's announcement, Samsung's 2022 smart TVs, such as Micro LED, Neo QLED and The Frame, will have an NFT Platform app that can be used "to discover, buy and sell digital artwork."

"With the growing demand for NFT, the need to address today's fragmented viewing and shopping environment has never been greater," the company said.

In 2022, the company plans to introduce the first NFT reviewer for Smart TV and shopping site aggregator. The upcoming platform will allow viewers to browse and trade NFT from the comfort of their couch. Samsung has promised that its smart TVs will not affect picture quality, retaining the NFT creator's preset values. Open / Comment

2022-01-01 19:25:00 Ripple's CTO admits he optimized the Bitcoin Code in 2011

The CTO of San Francisco tech giant Ripple turned out to be one of the IT engineers who was involved in optimizing the code of the flagship cryptocurrency, bitcoin, years after the mysterious Satoshi Nakamoto launched it.

In 2017, XRP chief proponent Tiffany Hayden discovered on GitHub that David Schwartz was among a large group of developers who modified the BTC code.

When asked directly on Twitter about it now, Ripple's CTO admitted that he had indeed optimized the BTC code for mining applications in 2011. He is on the list along with BTC developers such as Gavin Andresen and Peter Todd.

In 2012, Andresen co-directed the Bitcoin Foundation, a non-profit organization that was created to restore bitcoin's reputation after it was declared a payment instrument for criminals and drug dealers. Open / Comment

2022-01-01 15:02:00 Kazakhstan plans to build a nuclear power plant because of miners

The Kazakh authorities are planning to build a nuclear power plant (NPP), Magzum Mirzagaliyev, Minister of Energy of the republic, told journalists.

According to him, the country needs a nuclear power plant to achieve a balance between electricity generation and consumption by 2035. Construction of the power plant could take about 10 years, he said.

The new source of electricity could appear in the village of Ulken or the city of Kurchatov in the south of the country.

"Ulken looks more interesting from the point of view of infrastructure availability, a priority, because the north-south power line runs there. In addition, the village is closer to our main consumers - it's a southern region." Open / Comment

2021-12-31 18:20:00 South Korea will tax gifted and inherited cryptocurrencies from the beginning of 2022

The South Korean Internal Revenue Service will tax gifted and inherited cryptocurrencies starting January 1, 2022. Taxes will only be paid in fiat currency.

Given that the introduction of a 20 percent income tax for traders whose annual profits from trading crypto-assets exceed 2.5 million won (about $2,300) has been postponed until 2023, traders will be able to trade tax-free until the proposal is implemented. However, for crypto assets that will be gifted or inherited from family members or friends, South Korean citizens will have to fulfill tax obligations from the beginning of next year.

The country's Ministry of Finance said earlier that tax authorities will be able to seize cryptocurrencies from traders and investors who evade taxes. The seized crypto-assets will be spent on social welfare. Open / Comment

2021-12-31 13:13:00 MicroStrategy purchased an additional 1,914 BTC worth more than $94 million

Business analytics software provider MicroStrategy acquired an additional 1,914 BTC worth about $94.2 million, with an average purchase price of ~$49,229, CEO Michael Saylor said.

According to the report, the transactions took place between Dec. 9 and Dec. 29.

As of this writing, MicroStrategy holds 124,391 BTC worth more than $5.9 billion at current exchange rates. The firm has spent a total of ~$3.75 billion (average price of $30,159) to buy them.

MicroStrategy was the first public company to invest some of its own capital in digital gold. In August 2020, the vendor purchased 21,454 BTC (~$250 million at the exchange rate at the time of the transaction).

The firm continued to invest in bitcoin throughout the year. The largest purchases were 13,005 BTC for $489 million in July and 7,002 BTC for $414.4 million in late November. Open / Comment

2021-12-30 21:02:25 A user withdrew 500 BTC from a wallet that had been dormant for 10 years

An unknown holder withdrew 500 BTC from a wallet that had been dormant for more than 10 years. During that time, the cryptocurrency has appreciated more than 3,000 times. In July 2011 the crypto investor bought 500 BTC for $7.8 thousand. On December 29 he took out more than $23.5 million of bitcoins.

On December 21, another cryptoinvestor withdrew 321 BTC, which went up in value more than 2.3 thousand times over nine years. Another cryptocurrency holder withdrew 2,200 bitcoins in November, which went up more than 45,000% in eight years.

On Dec. 30, bitcoin traded at $47,500. The asset gained 1.5% overnight, and its capitalization rose to $899 billion, according to CoinGecko. On November 10, the cryptocurrency renewed its all-time high above $69,000. Since then, its value has fallen 32%. Open / Comment

2021-12-30 19:16:59 "Capybara meme token rose more than 3,000% in 24 hours

The price of the "meme" token Capybara has risen by more than 3000% in the last 24 hours, renewing its historical high above $0.013. As of 5:05 p.m. MSC, the altcoin is trading at $0.0077 and has a capitalization of $7.6 million, according to Coinmarketcap.

Capybara is a "meme" cryptocurrency created on the Solana blockchain as an experiment. The creators of the altcoin say they plan to raise funds to develop a game with the Play-to-Earn concept.

On December 30, it became known that a trader earned almost 8000% by selling 4 hacked PYR tokens at $16 each after listing them on the cryptocurrency exchange Poloniex. The old version of the Vulcan Forged NFT token was traded on the trading platform for more than three hours. After that, the platform suspended trading and withdrawal of the coin, citing technical problems. Open / Comment

2021-12-29 20:05:11 NFT Ripple XRP Ledger developers have announced a partnership to create a metauniverse

The developers of the official NFT Ripple XRP Ledger, XRPL PUNKS, have announced a partnership to create a meta universe on the Web.

Recently, the developers of the official NFT Ripple XRP Ledger, XRPL PUNKS, announced a partnership to create a meta-universe on the Web:

Dear #XRP Community. We want to make a difference and set a new standard for NFT in general. Collaboration is above competition. On this day, we're announcing our partnership to create the largest meta-universe XRPL has ever seen.

The following NFT creation communities have joined the meta-universe: Yonians, TheHappyCats, XRILLAZ, FAKTÜRY, Lame Lions, and Club X. The creators of FAKTÜRY had it signed on their Twitter page that they strongly believe in collaboration, not competition, and therefore were happy to join the partnership.

Earlier, American performers Kenyi, Kamadef, Lo and FomoBaby presented a song about Ripple XRP. Open / Comment

2021-12-29 18:58:02 MetaMask wallet caught up with SushiSwap by the volume of swaps

Cryptocurrency wallet MetaMask approached the market leader - decentralized platform SushiSwap by swaps volume

ConsenSys cryptocurrency wallet, MetaMask, came close to the leader of decentralized swaps - SushiSwap. This was reported by analysts at DappRadar in their blog. According to the published data, only in the last 7 days the swaps volume on MetaMask jumped by 48%.

Over the past week, 64,760 active wallets contacted MetaMask for token swaps. By comparison, SushiSwap had 69,620 active wallets during the same period. DappRadar notes that MetaMask only works with the Ethereum network so far. At the same time, SushiSwap supports both Ethereum and Binance Smart Chain, Polygon and Harmony.

In November, the sum of MetaMask's active users reached 21 million people per month. Compared to the levels of 2020, this figure increased 38 times. Open / Comment

2021-12-28 18:56:02 Japan imposed tax on steaking and cryptolending

Japan's national tax agency has updated the list of frequently asked questions about cryptocurrencies, according to Cryptonews. It introduced the concepts of steaking and cryptolanding.

According to the new rules, steaking and cryptocurrency lending should be taxed similarly to cryptocurrency mining. The tax should be assessed at the time the cryptocurrency appears in the wallet. If miners, stackers or cryptocreditors sell or lend their tokens at a higher market price, their profits should be declared. Cryptoinvestors must fix the price of assets when they acquire them.

The tax rate varies depending on the amount of income. The maximum rate is 55%. By comparison, in the U.S. the tax rate is 10-37% for short-term capital gains and 0-20% for long-term capital gains.

Notably, the taxation of the crypto industry in Japan does not yet affect non-exchangeable tokens (NFTs). Open / Comment