Blockchain News 09.06.2018

Korean authorities find no illegal activity in Bithumb investigation

The investigation into the largest exchange in South Korea, Bithumb by multiple South Korean authorities reveals that there was no wrongdoing on the company’s behalf, despite a large tax bill.

Bithumb now has a tax bill of 30 billion won to pay, which amounts to roughly $28 million.

A tax bill that big isn’t very surprising, as the platform charges average fees of 0.3% on roughly $250 million in transactions per day.

If Bithumb charges this much for trades, that would mean that the company makes a staggering figure of roughly $750,000 per day, which amounts to almost $274 million per year.

Tags: bitcoin, news

Ontology Launches Ecosystem Accelerator – Ontology Olympus Accelerator OOA

Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, announced the Ontology Olympus Accelerator (OOA).

The program invites technology and product experts across fields to collaborate in entrepreneurship and build new distributed business applications based on Ontology’s next-generation public chain infrastructure to build an open-source, open-minded, and collaborative distributed trust ecosystem.

The Ontology Olympus Accelerator program will provide complete technical, marketing, funding, talent, and legal compliance support. The Ontology Foundation will invest approximately 1.5 billion USD worth of tokens, all of which will be used to support the future development of existing startups and teams chosen.

Norwegian Air CEO to launch crypto exchange

Billionaire Norwegian Air CEO Bjørn Kjos is launching a cryptocurrency exchange named Norwegian Block Exchange, and on a related note Norwegian Air now accepts cryptocurrency as payment.

Earlier, the company NBX Exchange, had raised $250,000 in a fundraising round.

The CEO went on to say “We’re looking at things that are easy to scale… having a cryptocurrency as payment option in the airline, We see that there is a need for a serious marketplace where you can buy and sell cryptocurrencies.”

NBX has ambitious plans with a goal of rivaling exchanges like GDAX and Kraken

Kraken Daily Market Report for 08.06.2018


$88.8M traded across all markets today

Blockchain News 09.06.2018

One comment

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