BitcoinInsider

As Ark approachs the launch of MarketSquare, we want to give our community an inside look at some of the partnerships we have formed. These strategic partnerships will not only help make MarketSquare the new homepage for the decentralized web but will also create inroads between ARK and other projects looking to build and collaborate together. Today we would like to introduce you to Magic.Link! What is Magic? Magic is a developer SDK that can be integrated into applications to enable passwordless authentication using magic links - similar to systems used by Slack and Medium. Once a developer integrates Magic into their application a user is able to sign up or log in by doing the following: A user requests a magic link be sent to their email address. The user clicks on the magic link The user is securely logged into the application. #Saying Goodbye to Passwords You may have noticed that this process occurs without the need for signing in or registering with a password. The benefits of p...

Digital currency holders in South Korea have been granted an extra three months before a new taxation rule is implemented. The rule was to be implemented in October 2021, but will now be delayed until January 2022. South Korea finalized its digital currency tax proposal in July, with the Deputy Prime Minister Hong Nam-Ki revealing it would take effect in late 2021. The rule requires Koreans to pay a 20% on digital currency profits above KRW2.5 million ($2,259). Soon after the government revealed the rule, several stakeholders in the digital currency industry were up in arms against it. Some felt that the industry was still too young to face such a huge tax cut. Yonsei University economist Sung Tae-yoon stated at the time: "It is premature for the government to impose cryptocurrency taxes at a time when the market has not developed enough in a stable manner. Any rash taxation or introduction of regulations can be a stumbling block for sustainable growth of the industry." The K...