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Bithumb Crypto Exchange Served With $69 Million Tax Notice

Bithumb, a leading South Korean crypto exchange, has been served with a tax notice of $69.3 million by the National Tax Service (NTS). Vidente Co., a major stakeholder in Bit humb, confirmed the taxation. The NTS alleges that Bit humb failed to withhold taxes of foreign customers and the income generated from these international clients have been

deemed as miscellaneous income.


33 Billion TRX: Tron’s New Year’s Gift to its Crypto Community


TRON News recently tweeted that the TRON Foundation would release 33 billion TRX on January 1, 2020. The tweet, however, didn’t specify how the coins would be handled and instead asked the community on how they felt the funds should be used.


Ethereum Research Scientist Released on $1 million Bond


Virgil Griffith, the Ethereum foundation’s research scientist who had been arrested for helping North Korea evade US sanctions using blockchain and cryptocurrency, has been released just before the new year kicks in. Vitalik Buterin had signed a petition for his release even though Ethereum had announced after his arrest that he was no longer associated with the foundation.


Bitcoin Scammers Using "Love Scam" To Cheat People


Bitcoin scammers in Singapore have found a new way of evading police cases by asking victims to purchase Bitcoin from Bitcoin Machines. The victims, who were led into believing that the scammer is in dire need of money, then sent these Bitcoins to the scammers’ accounts.

Top Crypto Gainers of the day

Versess Coin 546.55%

Tap 71.79%

FortKnoxster 58.98%

Dash Cash 51.69%

Endor Protocol 44.44%

Top Crypto Losers of the Day

DUO Network TokEN  -67.44%

Fortem Capital -52.13%

Global Digital -51.90%

PegNet -31.29%

Egoras -28.64%


That’s it for today. Please don’t forget to like and share our videos. Let us know in comments on how we can add more value to your experience of daily news intake. And before we bid adieu, a very happy new year to each one of you from the entire Cryptoknowmics team. Have a great year ahead. See you on 2nd January with another set of Crypto updates.