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April 21, 2021
Comments Off on South Korean Regulators to Imply new Crypto Laws
In March 2021, the financial watchdog in South Korea brought forth a draft. This draft will see enforce proposed measures in April. These new rules have the Korean Financial Service Commission (FSC) approval. The primary purpose of these is to deal with illegal cryptocurrency transactions. This proposal led to numerous bans of individual accounts. Particularly for those who came from countries “blacklisted” by FSC. Among the countries affected by the move include Iran, Iceland, and N. Korea.
The New Law Comes to Effect
Early in April, the senior government officers and other economists initiated a meeting. It was for discussing more regulations and procedures to track illegal crypto business. Later on, 
the implementation came to effect on 10th April 2021. This will ensure money laundering and fraudulent financial activities comes to a stop.
the implementation came to effect on 10th April 2021. This will ensure money laundering and fraudulent financial activities comes to a stop. Furthermore, the crypto laws have come with rigid guidelines. These rules will ensure investors have remitted their returns after accumulating turnovers. Including their investments in Bitcoin business ventures. The FSC requested all crypto-oriented businesses and corporations to exercise a quality exercise. The reason behind this proposal was to monitor illegal money laundering. Now, the new guidelines are much stricter. Firms will have to disclose illegal crypto ventures and other crimes. These reports will assist the Korean intelligence unit in further investigations. This will help decrease the number of fraudulent acts happening in this sector.
Make Careful and Sound Decisions
Gu Yoon-Cheol is the head of the Office for Government Policy Coordination. He also urged all individuals to avoid carelessness. Especially when making decisions related to all digital currencies. He went further to show the public how crypto assets lack intrinsic value.
As the South Korean government continues to face more rigid financial guidelines. The Financial Supervisory Service went ahead to focus on the cryptocurrency – Bitcoin. The meeting discovered that Bitcoin had a pricing gap. Particularly when comparing the crypto exchange globally and the businesses in South Korea. The exchange in Korea is maintaining a gap of 10 % while selling Bitcoins.
Violations, Fines, and Imprisonment
The new 
law also comes with a brand new “punishment procedure.” This will apply to service providers to comply with KYC and AML guidelines. It will also help regulate violations & negligence of responsibilities by the stakeholders.
law also comes with a brand new “punishment procedure.” This will apply to service providers to comply with KYC and AML guidelines. It will also help regulate violations & negligence of responsibilities by the stakeholders. Also, the client’s reports should reveal all crypto transactions that occurred. This report will minimize the acts of financial crimes. The failure to comply with the newly established guidelines may attract huge fines.
Tax Resolution for 2022
We can witness a 20 % of taxation the next year. This will also apply to digital currency turnovers. The implementation will be to a given threshold on gains.
April 20, 2021
Comments Off on April 20 Might Become the Essential Day for Dogecoin
April has been good so far for most of the crypto assets. Bitcoin and Ethereum were the go-getters with the most surge in the top 10 segments. However, the last few days didn’t turn out to be profitable for these two cryptos. Where we witnessed correction in the prices of both these big-shots. Assets like BND, LINK, BAT were also some of the crypto coins corrected in the market. Surprisingly where all the assets are in the red zone. There is one coin that is passing expectations, Dogecoin.
It is one of the most loved coins by the community, with fans across the globe. We saw an 
unexpected surge in the Doge market where the coin made one of the wildest runs. But the community has other plans for this coin. They are promoting 20th April as a holiday and naming it the “Doge Day.” A coin that was never taken seriously is now targeted to reach $1 on its day.
unexpected surge in the Doge market where the coin made one of the wildest runs. But the community has other plans for this coin. They are promoting 20th April as a holiday and naming it the “Doge Day.” A coin that was never taken seriously is now targeted to reach $1 on its day. What is Doge Day?
20th April is presumably given as the date for doge day by its ever-growing community. People are already hyped about this. They are posting on various social media platforms about buying dogecoin on the 20th.
Dogecoin has already riled up to unexpected territories. Therefore, we can safely say that it achieved significant financial landmarks. No one expected this at the start of 2021 that dogecoin will hit 50 billion in valuation. This valuation has made it even more prominent. More so than massive companies like ford and Marriott. But, if it by any chance achieves the given target on 20th April. It will become even more extensive than some of the blue-chip companies in the market.
What are the chances of this?
It surprised most of us to see when the entire market corrected itself; Doge was not ready to budge. Eventually, we saw a drop from $0.45 to $0.24, but it was not as big as we expected. After hiking by almost 3
times, its slow-paced drop is a clear sign of resistance. Research also says that around 64K address bought doge between $0.25-0.31. It also reveals the buying of about 16 billion Doge.
times, its slow-paced drop is a clear sign of resistance. Research also says that around 64K address bought doge between $0.25-0.31. It also reveals the buying of about 16 billion Doge.It also says that they were willing to buy more but couldn’t due to less money. Therefore, this resulted in its resistance. We can witness a doge rally on the sentiments of its supporters. As there are thousands of people on Twitter claiming to be Dogecoiners. All of these supporters are coming together to push this token on 4/20 above $1.
What does the Market study say?
Before one week, if someone were to say DOGE will hit $1 on 4/20, people will take it as a joke. Today, if we look at the current price trend and the grip of dogecoin exceeds fundamentals. However, nobody is recommending investing in this. People are assuming to invest by witnessing crazy social support for the coin. It will be exciting to see how Dogecoin performs on 4/20.
April 17, 2021
Comments Off on List of 5 Best Hardware Wallets for 2021
When it comes to digital coins mainly crypto, safety is the biggest concern. The main reason for this is hackers and fishing websites everywhere. Due to which people are now inclined to use hardware wallets and store their holdings. Hardware wallets are devices embedded with private keys. You can use this to keep their crypto assets.
These devices are safer than phone wallets as they are not directly synced with the internet. So, in this article, we make a list of hardware wallets. Below are the 5 best hardware wallets which you can use to store your holdings.
1. LEDGER NANO X
Developed by a Paris-based company called Ledger. Its production houses are present France. 
Whereas, the company operates through its offices in San Francisco. Ledger Nano X is probably the best hardware wallet available in the market as of now.
Whereas, the company operates through its offices in San Francisco. Ledger Nano X is probably the best hardware wallet available in the market as of now.Price- Currently, you will have to pay $119 for owning this wallet.
Features-
- The weight of this product is 34g, and the size is 72mm × 18.6mm × 11.75mm.
- The body of this device is stainless steel and plastic.
- It contains a 100 mAh battery.
- It supports Bluetooth connectivity. Therefore, this device is easily connected to your smartphone and pc without any wire.
- It supports multiple cryptocurrency storage.
- The package of this product comes with few accessories. It has 1 USB C cable, 3 recovery sheets, a keychain for this device, and Ledger stickers along with the device.
Coins Supported- Bitcoin, Bitcoin Cash, Binance Coin, Litecoin, Ethereum, Ripple, Monero, Neo.
2. TREZOR T
This is another high-end model from Trezor and is which offers much more features.
Price- $159, which is a bit high.
Features-
- All features are the same as Trezor’s one. Along with that, it also comes with a touchscreen instead of buttons. The device also supports more coins than the cheaper model.
- It package comes with a seal over the connector. The box also comes with one Type C USB cable. You also get a recovery seed card and stickers along with the device. It also comes with a magnetic dock.
Supported coins- It supports Cardano, Monero, Tezos, Ripple. Also, coins supported by Trezor One.
3. LEDGER NANO S
This
device is also from Ledger company and very popular in the hardware wallet industry.
device is also from Ledger company and very popular in the hardware wallet industry. Price- The price of this product is $59, which is pretty affordable.
Features-
- The size of this product is 39 × 13 × 4 mm, and the weight is only 5.9g.
- You get support for multiple software wallets.
- It supports 18 installable apps.
- The package comes with similar accessories. It comes with 1 micro-USB cable, one keychain along with keyring. You also get one lanyard. The box also comes with a recovery sheet.
Supported coins- This device supports 1184 coins in total. This includes Bitcoin, Litecoin, Monero, Ripple, Stellar, Dogecoin, Eos, Ethereum, etc.
4. KEEPKEY
Keepkey might be the last hardware wallet on our list, but it is nothing less than the others.
Price- The product costs around $99.
Features-
- This device comes with an OLED display and is aluminum-made.
- There’s a KeepKeey hardware wallet in the package. You also get a USB cable, and, Warranty card. It also has a recovery card which you can use to write down hints.
Supported coins- The wallet supports most of the ERC20 tokens. It supports major coins like Bitcoin, DASH, Litecoin, Ethereum, Dogecoin, etc.
5. TREZOR ONE
Another best pick for hardware wallets is the Trezor One. It offers many amazing features and benefits to users.
Price- It costs around $99.
Features-
The device is very sleek in design and looks great.
You can use this device with Mac OS x, Windows, and Linux.
Supported coins- The wallet supports 1064 coins in total. This list includes Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Stellar, etc.
April 16, 2021
Comments Off on Bitcoin Scammer from Manchester who Scammed Billions of Bitcoins hunted by US Police
Crypto scams were always popular, even in the last bull cycle, which happened in 2017. But have you ever heard of a crypto scam that of billions in value? It’s impossible to hear because there are none. Recently the government of Manchester claims to spot a fraudster named Benjamin Reynolds.
He is currently residing in the UK, accused of a billion-dollar scam. Where he allegedly lured customers and collected around 20,000 bitcoins in total. And this total to approximately $1.2 Billion as per current rates. The government is publishing a notice where the criminal will have to pay a penalty of $571 Million.
When was this order released?
The said order from 2nd March, had the accused deposit a fine of $429 Million. Along with that, 
he is also charged $143 Million as restitution cost. All this money needs depositing in the court of Manhattan. Reynolds, who is residing in Manchester, England, is yet to be behind bars.
he is also charged $143 Million as restitution cost. All this money needs depositing in the court of Manhattan. Reynolds, who is residing in Manchester, England, is yet to be behind bars.When was this crime done?
This scam of fooling people and stealing 20,000 bitcoins started in May 2017. He kept doing this till Oct 2017 where he promised customers a return of 1% each passing day. Investors thought their money is in virtual tokens as they earned substantial profits.
But the truth was that no such trades happened on a virtual network. The bitcoin which he stole was around $143 Million in value at that time. In total, this conman conned around 170 US citizens. All these details were in a statement by CFTC. A company called the “Control-Finance did all these activities.
The company ran an advert campaign on Facebook where he targeted interested investors. The promised return was around 1.4% daily which made people more lucrative. He paid the investors for 6 months, but he shut the company in September and ran away. The payments halted, and all the posts were also removed from social media.
CFTC commented on that, saying he was not willing to continue and always planned to run away. The exact number of bitcoins he received was around 22,190 in total. Reynolds defrauded about 1000 people around the world in total. The officials also said that he laundered around $150 Million. He pulled this by 
using multiple blockchain accounts.
using multiple blockchain accounts.Was the criminal caught?
The official came to know about this fraudster through his YouTube videos. Where he was promoting his activities. They noticed that he was also responding to inquiries through emails and comments.
The whereabouts of Benjamin Reynolds are still unknown to the government. He was almost in the grasp of officials, but suddenly the guy vanished in thin air. He is not yet caught by any of the officials.