TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. DLive to migrate to TRON’s BitTorrent. Metamask returns to the Google Play Store. Some Monero transactions are untraceable, according to Europol. Burger King takes cryptocurrencies in Venezuela. XRP executive launches distribution platform xSongs, and South Korea doesn’t tax crypto gains.
DLive Moves to TRON’s BitTorrent
DLive, the popular streaming platform, will be joining the BitTorrent ecosystem and migrating their services to the TRON blockchain. The platform will be migrating from the Lino blockchain and will now be using the BitTorrent protocol to distribute the content created by their users. DLive will also absorb the BLive team, previously in charge of the live platform BitTorrent launched last year. Justin Sun, CEO of TRON, stated he and his team “look forward to DLive bringing value to the entire world with the addition of TRON.”
Metamask Returns to Google Play Store
Happy New Year! Upon careful consideration, Google has permitted The MetaMask mobile app back on the Google Play (Android) store! Thanks to all the believers in an open web for speaking out in our support! https://t.co/Z8KOCtvHq0
— MetaMask (@metamask_io) January 1, 2020
Metamask, the most popular browser for dApps, is now available again on the mobile Android market, Play Store. The popular Ethereum browser was retired from the store last month by Google, stating it was a mobile mining app forbidden by the terms of service. The platform was already seeking new distribution options, but the Play Store re-authorized the app “upon careful consideration.”
Monero Transactions Untraceable According to Europol
Europol, the joint European Union law enforcement agency, found there are certain kinds of Monero transactions that cannot be tracked. Jerek Jakubcek, an analyst at the European Cyber Crime Centre, explained the case of a suspect who used Monero in conjunction with IP obfuscating network Tor. Jakubcek explained during a security webinar, “Since the suspect used a combination of Tor and [Monero], we could not trace the funds. We could not trace the IP-addresses. Which means, we hit the end of the road.”
Burger King Venezuela Now Takes Crypto
— Cryptobuyer (@cryptobuyer) December 30, 2019
The famous hamburger franchise, Burger King, started accepting cryptocurrency payments in Venezuela. It established a partnership at the end of last year with third party cryptocurrency gateway Cryptobuyer to provide services for running a test pilot at a store located in Caracas, the capital of the country. People will be able to pay using BTC, litecoin, ethereum, binance coin, dash and tether. Recently Burger King also started accepting cryptocurrencies in Slovenia.
XRP Exec Launches Song Distribution Platform xSongs
Craig DeWitt, director of product at Ripple, launched the beta version of a platform that allows musicians to sell their songs, keeping all the revenue for themselves. xSongs, as he called it, seeks to bring together content creators and customers to keep distribution costs low. “When you cut out the middlemen you get lower prices, more revenue to the artists, and more art,” he stated. He has no intention of profiting from the platform anytime soon, saying that “monetization stuff will take care of itself.”
South Korea Does Not Tax Crypto Profits, Clarifies Government
— Bitcoin News (@BTCTN) January 2, 2020
The South Korean Ministry of Economy and Finance clarified cryptocurrency profits coming from trading cannot be taxed under the current law. The ministry stated that “profits from individual virtual asset transactions are not listed income and are not taxable.” However, the Ministry is working on making amendments to the law to include this kind of activity to be taxed in the near future. Despite this, the NTS (National Tax Service) is withholding $69.5 million in taxes from foreign customers using Bithumb.
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