Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Users Can Now Purchase Crypto Directly From Opera

  • Opera users in the U.K. can now purchase cryptocurrencies directly with their bank accounts, or through banking app Revolut.
  • The Norwegian browser company also revealed its crypto wallet usage numbers, claiming it has over 170,000 monthly active users.

20% Tax On Crypto Proposed In Korea

  • If approved, crypto trading profits above 2.5 million KRW (~$2,000) will be taxed at 20% starting October 2021.
  • Non-residents and foreign corporations that trade on South Korean exchanges will also be taxed.

Elliptic Partners With CoolBitX To Provide Compliance Tools

  • The partnership will see both companies supporting firms wishing to comply with the FATF Travel Rule.
  • Included in the services will be Elliptic's on-chain analytic tools and CoolBitX's Sygna Bridge.

Blocko Becomes Samsung Blockchain Wallet Dapp Sourcing Partner

  • The firm will now provide technical assistance to dapps wishing to integrate with Samsung Blockchain Wallet.
  • Blocko has also signed an agreement with blockchain platform Aergo.

Bank Of Japan Forms New CBDC Research Team

  • The new team will take over from a previous research group, and will likely follow up on the bank's 2019 research into CBDCs.
  • Japan's central bank also stated that, although it has no plans to release a CBDC soon, that could change in the future.

Mastercard Expands Cryptocurrency Program, Wirex Can Now Issue Debit Cards

  • As part of its newly-expanded crypto card program, Mastercard has started encouraging crypto firms to consider partnerships.
  • Wirex is now the first crypto company to become a principal member of Mastercard.

Twitter Claims Hackers Targeted Around 130 Accounts

  • From the 130 accounts the hackers were targeting, only a "small subset" sent tweets asking for Bitcoin.
  • Data from Chainalysis shows that around $126,000 have been transferred to the hacker's addresses so far.

Thailand Testing CBDC With Large Businesses

  • The Bank of Thailand has reportedly already used its CBDC for financial transactions with some businesses.
  • The country's central bank is also planing to roll out the CBDC for transactions with Hong Kong's central bank in September.

Twitter’s Bitcoin Scam Explained

  • Reportedly, the hackers paid a Twitter insider to help them manage the takeover of accounts.
  • The social media platform has since taken "significant" steps in order to limit the access to its internal systems.

China’s Digital Yuan Is Progressing Phenomenally Fast

  • Meituan Dianping's food delivery platform is now the third Tencent-backed company to become an early-stage tester of China's digital yuan.
  • Ride-hailing application DiDi, and video streaming platform Bilibili are also among the firms to test China's CBDC.