2022, a year full of strength and gratitude, is coming to an end.
We wish you a joyous rest of the year and hope all your wishes come true in 2023, the year of the Rabbit.
This newsletter brings you exclusive insights on the December digital assets outlook.
Table of contents: ✅ Earn up to 16% APY
✅ Korea postpones crypto tax
✅ Crypto adds $1.4T to Asia GDP
✅ Ethereum as a security?
✅ 01etc ends DDP-NFT contest
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The South Korean ruling and opposition parties have agreed to delay the implementation of digital asset taxation until 2025. The coin exchange industry and investors, who were worried about the performance of taxes next year, can breathe a sigh of relief.
Korea, one of the leading enthusiastic and prominent blockchain players across the globe, investing a total of KRW 52.8 trillion ($43.6 billion). The global financial services company noted that the metaverse market may be $13 trillion by 2030. The last week, Busan, Korea's second-largest city, announced plans to integrate blockchain technology into the faces of countries' services and create the first city-run crypto exchange.
The FTX fiasco was one of the latest blow events to an industry that has seen several high-profile bankruptcies in the past few months amid a depressed market. However, Goldman Sachs, the world’s largest investment bank, stays positive and plans to invest tens of millions of dollars in cryptocurrency companies supporting the industry’s development.
Explore the latest updates on the digital assets market, including recent debates considering ETH as security.
The first-ever DDP-NFT Designer Contests, which was held in collaboration with the 01etc NFT marketplace and Seoul Design Foundation aiming to discover talents across South Korea, has ended. Out of 356 artworks, ten artists were announced as winners who shared a prize pool of KRW 35 million.