The hackers that hit Twitter last week and hijacked dozens of high-profile accounts to promote a fake bitcoin giveaway have moved some of the BTC they received from the scam to peer-to-peer (P2P) trading platforms and cryptocurrency gambling websites.
Russia has dropped plans to criminalize bitcoin transactions, setting aside plans to issue fines of up to $7,000 or seven years in jail for buying cryptocurrencies with cash.
The South Korean government has finalized its plans to charge a 20% tax on cryptocurrency-related gains. The country’s Ministry of Economy and Finance amended its tax code this week to reveal an annual income of more than 2.5 million won, worth about $2,000, from crypto trading is subject to a 20% tax.
Top stories in the Crypto Roundup today:
- Twitter's Hackers Tried to Launder Collected BTC Via Gambling and P2P Platforms
- Russia Drops Plans to Criminalize Bitcoin Transactions
- South Korea Finalizes Plans to Charge 20% Tax on Income From Crypto Transactions
At the time of writing, bitcoin (BTC) is trading at $9,314.84 (0.01%) with a daily Top Tier volume of $2.21 bn. As for ether (ETH), it is trading at $242.70 (0.45%) with a daily Top Tier volume of $727.77 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,203.20 (-0.84%).