US Federal Reserve Launching Payment System, North Korea Stole $2 Billion in Crypto From Exchanges, & Other News

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Daily digest by Cointelegraph US Federal Reserve Launching Payment System, Crypto Bulls Nonplussed The Board of Governors of the Federal Reserve System has requested that Federal Reserve Banks develop a new interbank real-time settlement service to support faster payments in the U.S. The payment system is called FedNow and will purportedly launch in 2023 or 2024. Israeli BTC Investors Can't Pay Taxes as Banks Refuse Deposit Israeli crypto investors are unable to deposit the returns of their Bitcoin investments into bank accounts due to money laundering and financing terrorism concerns. Bitcoin is not recognized as a currency in Israel, and earnings made by trading them are subject to a 25% capital gains tax for individuals and a 47% corporate tax rate for corporations. North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN The U.N. Security Council Sanctions Committee on North Korea said that hackers form an essential part of government funding, saying "Democratic People's Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars." These 3 Macroeconomic Factors Are Driving Bitcoin's Price Above $12,000 Bitcoin's price has staged a remarkable rally in recent days, but the reasons behind it could mean higher prices stick around much longer. One of the main reasons is the U.S.-China trade war. Read the article to find out more. US Freezes Maduro Gov't Assets as P2P Bitcoin Volume Soars in Venezuela ⁠In a major escalation against socialist president Nicolás Maduro, Donald Trump's administration has frozen all Venezuelan government assets, with President Trump citing Maduro's ongoing "usurpation" of power — as well as human rights abuses by his supporters — as the grounds for the decision.      SPONSORED: An upcoming crypto derivatives exchange is placing usability at the heart of its offering for traders of all levels. Quote of the day "That's crazy. I forbid that, that's insane, that breaches everything about diversification in investing. [...] 50 percent? shame on you! That's nuts!" Antony Pompliano Founder of Morgan Creek Tweet it 1.5 mln people follow us on social media Download our official free app →

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