Cryptoknowmics' Daily Dose of Crypto Updates | 2 Jan 2020

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DLive: The Latest Addition to Justin Sun's Portfolio

https://www.cryptoknowmics.com/news/dlive-the-latest-addition-to-justin-suns-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

https://www.cryptoknowmics.com/news/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

https://www.cryptoknowmics.com/news/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

https://www.cryptoknowmics.com/news/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

https://www.cryptoknowmics.com/news/lending-trees-chief-economist-says-bitcoin-is-a-pyramid-scheme

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

https://www.cryptoknowmics.com/news/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.