CryptoCompare and Fintech Worldwide have announced a partnership convening the sixth annual London Blockchain Week, where over 4,000 participants are expected to attend conferences and other events covering digital assets and decentralized finance.

Last year, bitcoin miners made an estimated $5 billion by securing the flagship cryptocurrency’s network. Most of the revenue came from block rewards, with less than $150 million of it coming from transaction fees.

Block.one’s Facebook-challenging social media platform Voice won’t be using EOS’ public blockchain, at least initially. In its FAQ page, Voice details that it will be launched using “a private deployment of the EOSIO software.”

South Korea is looking to charge a 20% tax on gains made from cryptocurrency transactions, in a move that’s coming shortly after it hit a cryptocurrency exchange with a near $70 million tax bill.

Top stories in the Crypto Roundup today:

• CryptoCompare, Fintech Worldwide Announce London Blockchain Week Partnership
• Bitcoin Miners Made $5 Billion Securing the Network Last Year, 5% Less Than in 2018
• One Won’t Launch Its Voice Social Network on EOS’ Public Blockchain
• South Korea Is Looking to Charge a 20% Tax on Gains from Crypto Transactions

At the time of writing, bitcoin (BTC) is trading at $8,630.04 (-4.97%) with a daily Top Tier volume of $2.45 billion. As for ether (ETH), it is trading at $165.56 (-6.10%) with a daily Top Tier volume of $601.50 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,017.23 (0.23 %).

CryptoCompare and Fintech Worldwide Announce London Blockchain Week Partnership

CryptoCompare and Fintech Worldwide (FWW), the world’s leading network for fintech, blockchain and digital impact, have announced an event partnership convening the 6^th annual London Blockchain Week.

During the event, between March 4 and 11, over 4,000 participants are expected to participate in major conferences and other community events regarding cryptoassets and decentralized finance. These include the flagship CryptoCompare Digital Asset Summit.

Dr. Jane Thomason, CEO of Fintech Worldwide, said:

“This is our first London Blockchain Week since taking over Fintech Worldwide and we are intent on making this a memorable week for the London Blockchain ecosystem. We are very excited to be partnering with CryptoCompare, a market leader in the digital asset space.”

Dr. Thomason added that CryptoCompare’s annual Digital Asset Summit is one of the most “hotly anticipated conferences during London Blockchain Week,” and the firm looks forward to working together on delivering great events.

Charles Hayter, CryptoCompare’s CEO, added both firms “look forward to bringing together institutions, individuals, regulators and innovators to discuss the burning issues and latest technologies in our industry.”

Bitcoin Miners Made $5 Billion Securing the Network Last Year, 5% Less Than in 2018

Last year, bitcoin miners throughout the world made an estimated $5 billion, most of which came from block rewards as every 10 minutes 12.5 BTC are generated and attributed to miners for securing the network with their computing power.

Only about $146 million were earned thanks to transaction fees included in the transactions the miners processed. In 2018, bitcoin miners made an estimated $5.26 billion, meaning last year saw a drop of about 5.19% in revenue. In 2019, the estimated miner revenue was of $3.19 billion.

Later this year, in an estimated 112 days, block rewards on the Bitcoin network are set to drop from 12.5 BTC per block to 6.25 BTC in what’s known as the halving. The event is significant as it’ll ensure BTC is issued at a steady pace and follow a predictable inflation rate. Some believe the price of bitcoin will rise after it as it did in the two previous halving the cryptocurrency has been through, while other analysts argue the event is already priced in.

Block.One Won’t Launch Its Voice Social Network on EOS’ Public Blockchain

Block.one, the company behind the $4 billion initial coin offering that led to EOS, isn’t planning to launch its Facebook-challenging social media network Voice on EOS’ public mainnet. On its frequently asked questions page, Block.one details Voice will be running on a private deployment of the EOSIO software.

The FAQ notes, however, the firm would like to, in time, start using the EOS public blockchain. It reads:

“While Voice is in beta and a highly iterative state, it will be run on a purpose-made EOSIO blockchain. In time, we would like Voice to leverage the EOS Public Blockchain, and potentially others that can meet the performance and governance demands of Voice.”

As CoinDesk notes, the FAQ counters a statement in Voice’s press announcement in June, that said “Block.one will launch the Voice platform on the EOS Public Blockchain.” The firm even reserved 3.3 million EOS of RAM in late May, which most users interpreted as the computing power being set up to run Voice.

A number of factors are believed to be behind Block.one choosing to go with a private deployment of the EOSIO software, including several problems the cryptocurrency’s mainnet recently faced.

South Korea Is Looking to Charge a 20% Tax on Gains from Crypto Transactions

The South Korean government is reportedly planning to charge a 20% tax on income from cryptocurrency transactions, as the country’s Ministry of Economy and Finance recently ordered the review of a crypto taxation plan.

Citing “multiple” government sources, local news outlet Pulse reports Korean experts believe the government will treat cryptocurrency trading as “other income” and not as “capital gains.” The report cites a government official saying:

“The finance ministry is yet to finalize its direction but it surely has become more likely for the income from virtual asset trading to be labeled as other income, not as gains from transfer of capitals like real estate properties.”

Pulse details that in South Korea, other income is subject to a 20% tax on 40% of the total income, with 60% being tax-deductible.

QANplatform IEO on BitBay IEO Launchpad

The token sale of QANplatform, the quantum-resistant, enterprise-ready, green blockchain starts on the 20th of January, 2020. The early bird price of 0.27 USD/QARK is only available for a limited time and the number of tokens available for this price is also limited. 

BitBay.net - exchange No.1 in Europe - will become the first exchange offering investors the possibility to buy IEO tokens directly for EUR, USD, GBP, and PLN beside crypto. 

"QANplatform was designed from the ground up to battle all barriers currently holding back mass adoption of blockchain. Top-notch security, high TPS, low energy consumption and ability to code in language programmers already know. Enterprises will be finally able to integrate this technology without financial or HR overhead, and this is how blockchain will reach the general public." explains Johann Polecsak, CTO and Co-Founder of QANplatform. 

Quantum computing and blockchain has been a hot topic since the Google quantum supremacy announcement. “Quantum computing will force all cryptocurrencies to adopt to new signing algorithms, as current ones (the ones used by Bitcoin and Ethereum as well) are proven to be vulnerable to signature forgery” - Johann Polecsak CTO of QANplatform to Coindesk.com 

QAN blockchain platform (QARK token) on BitBay IEO Launchpad. Start: 20th of January, 2020 

P.S. Save 30.8% by investing while the first pool lasts. 

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