• South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities.
• National Tax Service has launched a special tax investigation into Bithumb Korea and Bithumb Holdings, and prosecutors have summoned its suspected largest shareholder for questioning.
• The NTS wants to examine the domestic and international transactions of Bithumb Korea, Bithumb Holdings, and affiliate companies.

The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities. The National Tax Service (NTS) has launched a special tax investigation into Bithumb Korea and Bithumb Holdings, the two companies that operate the Bithumb trading platform. NTS officers were dispatched to the headquarters of both companies, in the Gangnam District of Seoul, on January 10.

The investigation is being conducted by a branch of the Bureau of Investigation of the Seoul Regional Tax Service that deals with “special tax investigations”. NTS will examine cases of possible tax evasion. The NTS is also looking into the domestic and international transactions of Bithumb Korea, Bithumb Holdings, and its affiliate companies.

The move follows a previous NTS investigation in 2018 that saw Bithumb hit with a tax bill worth over $64 million. In addition to this, prosecutors have also summoned the exchange’s suspected largest shareholder for questioning. The ownership of the exchange is thought to be highly “complex”, with many shareholders owning stakes in the company, including a number of publicly listed companies with no other ties to the blockchain or crypto industries.

The Vice President of one of these firms was found dead outside his home at the end of last year. Police called the death a “suspected suicide”, and it was reported that the man had destroyed evidence of his involvement with Bithumb.

The news of the investigation and questioning comes at an already difficult time for the exchange, as its 7-day trading volumes have been dropping. Nonetheless, the exchange still remains South Korea’s largest crypto exchange.

It is unclear how the latest investigation will affect the exchange, as no details of the exact nature of the investigation have been released. However, it is likely that the NTS will look closely at the exchange’s operations, and it may face further fines or other penalties if it is found to have acted illegally.

• Dash 2 Trade is a platform that provides traders with tools to navigate the markets
• Subscriptions are denominated in D2T tokens and have different tiers of access
• Investors can also take part in presales listed on the Dash 2 Trade website which have been heavily vetted by the team

Dash 2 Trade is a revolutionary new platform that provides traders with the necessary tools to navigate the ever-changing crypto markets. The platform gives traders access to a range of features, including the ability to conduct technical analysis, social sentiment gauging, and alerts to notify when new projects are listed on centralized exchanges. To access these features, traders need to pay a subscription denominated in D2T tokens. The subscription is tiered in three levels; the free tier with limited features, a starter tier that requires 400 D2T, and a professional tier with the full range of features that requires 1,000 D2T.

Not only does Dash 2 Trade cater to traders, but it also provides an avenue for investors to get involved in presales. These presales are heavily vetted by the team behind Dash 2 Trade to ensure their quality, and investors have access to detailed information about the projects including tokenomics, information about the team, and the stages of the presale. Investing in these projects at their earliest stages can be hugely rewarding, as low cap projects have the most room to grow.

Dash 2 Trade is the perfect platform for traders and investors alike to gain an edge in the crypto markets. The platform provides the necessary tools to navigate the markets and make informed decisions, and the presales listed on the website offer the chance for investors to get involved in projects at their earliest stages. Don’t miss out on this opportunity to get a head start on the competition.

• Ethereum co-founder Vitalik Buterin recently praised the Solana network for its development progress and thriving ecosystem.
• This has caused SOL’s price to fall below $10 for the first time in over a year and a half.
• SOL must reclaim support above $10 to validate a possible V-Shaped recovery to $14.53.

The Solana blockchain has been making waves in the crypto space over the past few months. From its impressive infrastructure to the addition of various DeFi protocols, the platform has been making a name for itself. However, in the past few days, the price of its native token, SOL, has been slipping due to the fear that Sam Bankman-Fried and venture capital firms may sell their tokens. This has caused SOL to dip below $10, for the first time in over a year and a half.

Fortunately, Ethereum co-founder Vitalik Buterin recently stepped in to lend his support to the Solana ecosystem. In a recent tweet, Buterin expressed his admiration of the smart developer community within the Solana network and his hope that the community will be given a fair chance to thrive. His input has been seen as a positive sign by many in the cryptocurrency community, as it could potentially bring much-needed confidence and support to the Solana blockchain.

In order for SOL to return to its previous price, it must reclaim support above $10. This is because such a move could validate a possible V-Shaped recovery to the $14.53 mark, which would be a much-needed relief for the Solana network. Although the future is uncertain, it is certain that the Solana blockchain has a lot of potential and the community is optimistic that it can reach its full potential.

– Disgraced FTX founder Sam Bankman-Fried met with senior White House officials at least four times prior to the collapse of FTX.
– The last meeting was reportedly held on September 8 between Sam Bankman-Fried and Steve Ricchetti, a senior adviser to President Joe Biden.
– The meetings reportedly focused on the crypto industry, crypto exchanges, as well as global health and pandemic prevention.

Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, met with senior White House officials at least four times prior to the collapse of the company. According to visitor logs, the last of these meetings took place on September 8 between Bankman-Fried and Steve Ricchetti, a senior adviser to President Joe Biden.

The news was first reported by Bloomberg on Thursday, citing sources inside the White House who were familiar with the situation. The source spoke on condition of anonymity and said that politics was not discussed at any of the White House meetings. The source did not comment on whether donations or crypto regulation was discussed at the meetings.

In addition to the meeting with Ricchetti on September 8, Bankman-Fried was at the White House at least three other times in 2022. The first of these meetings took place on April 22, while the next ones happened on May 12 and May 13. The first two were held with Ricchetti, and the last was with Bruce Reed, another senior aide to President Biden.

Others, including SBF’s brother Gabriel Bankman-Fried and other FTX representatives, have also attended meetings at the White House. The meetings reportedly focused on the crypto industry, crypto exchanges, as well as global health and pandemic prevention. Gabriel Bankman-Fried leads Guarding Against Pandemics, an advocacy group dedicated to preventing the next pandemic.

Given the current state of the cryptocurrency market, and the fact that FTX was one of the largest players in the space, it is not surprising that Bankman-Fried would have sought out senior White House officials in order to discuss the industry. However, it remains to be seen what, if any, impact these meetings had on the industry or if they were simply discussions about the industry’s future.

Regardless, the news of Bankman-Fried’s meetings with White House officials is sure to raise some eyebrows in the cryptocurrency community. Many have long suspected that the industry is too heavily influenced by politics, and the fact that Bankman-Fried was able to secure meetings with the White House does not help allay those fears.