Daily Crypto Digest - V1. Korea Taxing BTC, Electrum Wallet Fatal exploit, India High court litigation VS BTC
First up! Korea
Ah, nothin like some theft in the morning. While this capital gains tax seems like a step back.. It could be a step forwards for the legitamacy of crypto!
This is a slippery slope folks..
But, it's going to get interesting next few months!
https://news.bitcoin.com/electrum-moves-to-patch-bug-that-left-thousands-of-bitcoin-wallets-exposed/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
Electrum left a fatal flaw in their system for ... Over two years? WTF!
If we can't be secure in paper wallets, and can't be secure in exchanges, where are we safe?
Cold storage. In a safe, safe place. Can't get hacked if it's not connected in ANY way to the internet. May this be a wake up call to look into who you're using for your wallets! The team that builds your wallet is the team that builds your security.
https://news.bitcoin.com/litigation-filed-india-immediate-intervention-flow-of-bitcoins/
Saw this one coming, India has been frantic about the crypto madness for months. Now it's being brought to high court to either implement strict flow regulations or mandatory bans. What this could mean for crypto is huge.. India is home to 1/7 of the population and is a very quickly growing country. With one of the highest GDP growths of 2017 at 7.5-8% last 4 years. USA grew a measly 1.6% in 2016.. I see India coming up in the next 10-20 years be on the lookout for when tech starts coming from them!
Stay Tuned Tomorrow For more!
I'm Jeff, and I'm @followbtcnews.
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Woff, woff!
Hello @followbtcnews, Nice to meet you!
I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.
KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!
Tips:
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!
Woff, woff! 🐶
I used KR tag for this one post because some of the news in post was abut Korea
The poor people who were using the electrum wallet, damn.. Anyways, very informative posts!! Thankyou bro
Having a good, trustworthy crypto wallet is a must for all bitcoin and alt-coin holders!
https://steemit.com/cryptocurrency/@nzfxtrader/top-5-best-cryptocurrency-wallets
Can Steemians reading this give me a good recommendation as to which crypto-wallet to use (not to pricey, but good) ...thanks!
Sneaky Ninja Attack! You have been defended with a 4.15% vote... I was summoned by @followbtcnews! I have done their bidding and now I will vanish...Whoosh
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kr-guide!
I used KR tag for this one post because some of the news in post was abut Korea