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South Korea Says It Is Considering Taxation of NFTs

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South Korea is exploring ways to tax non-fungible tokens (NFTs) amid controversies surrounding crypto regulations in the country. NFTs are virtual collectibles associated with real life objects like games, artwork, and music among others with ownership locked and transferred on blockchain. The country aims to use one of its existing laws to tax incomes earned from buying or selling these virtual assets. The law that is being considered to tax NFTs in South Korea is the Act on the Specified Financial Transaction Information. It defines cryptocurrency as a “virtual asset” and focuses on a reporting system for cryptocurrency exchanges.

Doh Kyu-sang, the vice chairman of South Korea’s Financial Services Commission (FSC) revealed the information to the media this week, The Korea Herald reported.

It has been a while since regulating the NFT space has remained surrounded by controversies in South Korea.

Last month, finance minister Hong Nam-ki said during a parliamentary audit session that NFTs should not be categorised as virtual assets, which is in contrast with what the FSC is now saying about the NFT space.

In fact, earlier this month the FSC had itself said that NFTs are not virtual assets, and will not be subjected to regulation.

At the time, the decision was based on the review of Financial Action Task Force’s (FATF). The update was made to the 2019 guidance to a risk-based approach for virtual assets as well as virtual asset service providers (VASPs).

“NFT, or crypto-collectibles, depending on their characteristics are generally not considered to be (Virtual Assets),” the report said.

As per the South Korean law, certificate holders of virtual assets need to pay 20 percent tax on the income that exceeds $2,102 (roughly Rs. 1.5 lakh) from selling the assets, such as NFT artworks of a famous artist, the report by The Korea Herald explained.

The crypto space is under high scrutiny in South Korea.

In September this year, a new rule came into existence in the country that mandated crypto exchanges to register with the Financial Intelligence Unit and partner with banks to ensure real-name accounts.

More than 60 cryptocurrency exchanges in South Korea notified customers of a partial or full suspension of trading services.

Meanwhile, regulating the decentralised finance space has been keeping governments around the world on toes.

The crypto market crashed in India after a Parliament agenda listed by the Indian government – seeking to prohibit all private cryptocurrencies from operating in the country.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Apple Plans to Tap TSMC to Produce Its Own iPhone 5G Modems: Report

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Apple is reportedly planning to partner with Taiwan Semiconductor Manufacturing Co. for the production of its own 5G modems for future iPhone devices.

According to Nikkei, Apple is said to be planning to use TSMC’s 4nm process node, which hasn’t yet been deployed for any commercial product; the modem is apparently being designed and tested at 5nm before moving to mass production in 2023 at 4nm.

Apple’s switch to modems of its own design is widely expected to happen in 2023, and TSMC is the natural manufacturing partner.

Qualcomm, which is the dominant player in the industry and produces modem components for the entire iPhone 13 lineup, recently said that it expects to account for just 20 per cent of iPhone modem orders in two years’ time.

Apple bought Intel’s 5G modem division in 2019, foreshadowing the eventual switch. Earlier that year Qualcomm and Apple agreed to end a costly modem technology patent dispute, with Qualcomm receiving more than $4 billion (roughly Rs. 29,750 crore) as part of the settlement.

TSMC is the manufacturer of all iPhone A-series processors and M1 systems-on-chip for Mac computers.

There are hundreds of TSMC engineers based in Cupertino to work with Apple’s chip development team.

2022 iPhone SoCs will reportedly use TSMC’s 4nm process, and some iPad models are said to be adopting 3nm processors in 2023. 


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Epic Games Store Black Friday Sale Brings Price Cuts on Hitman 3, More Games

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Epic Games Store has introduced its Black Friday deals on PC games. While most games are listed with price cuts, even some recently releases that have been unveiled this year, are listed with deals. For instance, Hitman 3 is listed with a major 60 percent discount and Cyberpunk 2077 and Biomutant are listed with 50 percent off. Black Friday 2021 deals are already live on Epic Games Store and will be listed till November 30. The store is offering deals of up to 75 percent off on PC games.

Darkest Dungeon 2 is listed on Epic Games Store with a discount of 10 percent and is priced for Rs. 638.10 for the Indian audience. This game is still in its early access phase since October. The newly released Hitman 3 is priced with a 60 percent discount of Rs 567.60, instead of Rs. 1,419. The Black Friday Deals on Epic Games Store were first spotted by PCGamer.

Popular games like Cyberpunk 2077 and Biomutant are priced at Rs. 1,499 with a 50 percent discount. Among Us is available for just Rs. 89.25 and is listed with a discount of 25 percent. The Witcher 3: Wild Hunt sees a massive discount of 80 percent and is listed for Rs. 282.60 only. Games that are first time on sale include Far Cry 6 Standard Edition, Kena: Bridge of Spirits, Riders Republic, Back 4 Blood: Standard Edition, and Crysis Remastered Trilogy. There is up to 25 percent off on all of these games. Over 1,000 games have been listed as part of Black Friday 2021 deals. This sale will end on November 30.

PlayStation Black Friday sale has also kicked off just in time for the holiday season with discounts on nearly 400 games. Top deals include heavy discounts on FIFA 2022, Ghost of Tsushima: Director’s Cut, Returnal, and Spider-Man: Miles Morales. PS5 and PS4 gamers can also look grab titles like Far Cry 6, Hitman 3, Call of Duty: Black Ops – Cold War, and Back 4 Blood with price cuts. Sony has also slashed the price of its PlayStation Plus subscription down to Rs. 1,999, a discount of 33 percent.

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Xiaomi 12 Camera Specifications Spotted Online: All the Details

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Xiaomi 12 camera specifications have been spotted online, giving enthusiasts an idea of what to expect from the company’s upcoming high-end smartphone. Previous leaks have suggested that Xiaomi could launch the handset with the Qualcomm Snapdragon 8 Gen 1 SoC, and the smartphone is now tipped to sport a 50-megapixel primary sensor. This aligns with previous Xiaomi 12 leaks which pointed towards a 50-megapixel triple rear camera setup and LPDDR5X memory on the upcoming smartphone.

The Chinese smartphone giant could ship the upcoming Xiaomi 12 with a 50-megapixel primary camera, according to two different posts on Weibo by tipster Digital Chat Station, spotted by Sparrows News. Xiaomi 12 could also feature an ultra-wide angle and periscopic and telephoto lens, along with 100W fast charging, as well as an under-screen camera, according to the report. Xiaomi has not yet revealed any details about this smartphone, but previous leaks have suggested that Xiaomi could debut the Xiaomi 12 series in December, making these smartphones one of the first to sport the upcoming Snapdragon chipset.

Xiaomi 12 could feature a full-HD+ screen, which is a step down from the Mi 11 series which came with 1440p resolution last year, according to the tipster. While previous reports have tipped the upcoming Xiaomi 12 to feature the Snapdragon 8 Gen 1 SoC, the chipset itself is yet to be announced. Qualcomm recently announced that it has separated the Qualcomm and Snapdragon brands with the latter as a standalone product brand, and the new SoC is expected to be launched at the Qualcomm Tech Summit between November 30 to December 2.

Meanwhile, a recent report suggests that Xiaomi 12 Ultra, which could be the company’s next high-end smartphone, might feature a quad rear camera setup, headlined by a 50-megapixel GN5 sensor. Xiaomi is yet to reveal Xiaomi 12 and Xiaomi 12 Ultra specifications and features, but the handset is tipped to be a China-exclusive smartphone and could arrive in the second quarter of 2022.


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Beyerdynamic Phonum Wireless Bluetooth Speakerphone Review

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Bluetooth speakers are usually made for listening to music with, but you can also use them as hands-free speakerphones for calls when connected to your smartphone or computer. Interestingly, the wireless speaker I’m reviewing here works quite differently to mainstream options, in that it isn’t focused on the music listening experience at all. The Beyerdynamic Phonum is a wireless speakerphone made specifically for voice communications – whether phone calls or Internet-based audio and video conferencing – and connects to a source device using either Bluetooth or a wired USB connection.

Priced at around Rs. 25,000 in India, the Beyerdynamic Phonum is an expensive but purpose-built speaker designed to let you take calls without taking your hands off your keyboard. It’s meant to be used for work calls, whether you’re at home or at the office, and works equally well with a smartphone or computer. Is this interesting wireless speaker worth the price? Find out in this review.

beyerdynamic phonum review logo 2 Beyerdynamic

The Beyerdynamic Phonum is a wireless speakerphone meant for work-from-home voice communications

 

Beyerdynamic Phonum design and specifications

Most mainstream wireless speakers are designed with portability and weather resistance in mind, so the Beyerdynamic Phonum stands out for its subtle and sophisticated look. The round body has a flat, grippy base, with a narrower section just above that you can use to wrap the cable around. The grille faces upwards, although the speaker fires downwards, and the touch controls are all around it. The physical power switch and USB Type-C port for charging are at the back.

Some of the controls – volume, microphone on/off, Bluetooth, and microphone direction mode – are visible at all times, while the call answer or reject control and microphone direction indicators illuminate only when receiving a call and when on a call. You can leave the Beyerdynamic Phonum on standby and take calls with it as they come, or turn it on when you need it.

Using the Beyerdynamic Phonum is easy enough; it pairs to a source device using Bluetooth, and activates its on-device controls when in use, depending on whether it’s in standby or active. You can also connect it to a computer using the included USB Type-C to Type-A cable, which sets up a wired connection between the two and also charges the battery of the Phonum.

The Beyerdynamic Phonum uses the company’s Gecko microphone technology, which has three modes of voice tracking and can detect voices coming from any direction around the speaker. You can cycle through the modes when in use, and choose the one that suits the purpose best. Fix mode tracks a single speaker in a fixed location; Follow mode directs the tracking at the active speaker in a group; and 360 mode picks up voices from all directions.

The speaker has a 2-inch down-firing driver, a frequency response range of 120-10,000Hz, automatic echo and noise cancellation for the microphone, and Bluetooth 4.2 for connectivity. There is a 2,600mAh battery in the Beyerdynamic Phonum, which ran for around nine hours when playing audio continuously. When used as a speakerphone system, I was able to get around 16-17 hours of battery life in total, switching between standby mode, taking some phone calls, and occasionally playing music.

beyerdynamic phonum review top Beyerdynamic

There are touch controls at the top of the Beyerdynamic Phonum

 

Beyerdynamic Phonum performance

Unlike most of the wireless speakers I’ve reviewed, the Beyerdynamic Phonum is firmly focused on the experience with voice calls. While I did use this speaker for occasional music listening, I largely had it connected to my iPhone and on standby during the work day, placing and receiving phone calls as and when needed. I also used it with my MacBook Air for Zoom conference calls on a few occasions.

The tuning of the Beyerdynamic Phonum is, expectedly, suited for voice. Output was sharp and precise, and the voices were loud and distinct enough to be clearly heard from up to 3m away in a quiet room. Furthermore, connectivity was stable as long as the phone remained within around 3m of the speaker.

I found it particularly easy to use the controls; I could glance at my smartphone to see who was calling, and quickly tap the call answer button on the Beyerdynamic Phonum to pick up without interrupting my workflow at my home office desk. Adjusting the volume was also easy, although I didn’t often need to do this in a quiet room, and only bumped it up if I also wanted someone else in the room to hear what was being said.

beyerdynamic phonum review side Beyerdynamic

The Beyerdynamic Phonum has the company’s Gecko omnidirectional microphone system

 

The Gecko microphone system is every bit as good as it sounds, and was able to pick up my voice precisely from within around 60cm from the speaker. Environmental noise cancellation and echo cancellation also worked well to ensure that my voice was picked up clearly. While callers reported that it did sound as though I was speaking on a hands-free device due to the perception of distance between the person speaking and the microphone, my voice was nonetheless clear. Calls were not affected by the typical clarity issues that people face when using hands-free devices.

Music isn’t the ideal use case for the Beyerdynamic Phonum, and as indicated by its frequency response range and voice-focused tuning, audio tracks sounded a bit awkward on this speaker. The highs were entirely out of place, and the sub-bass couldn’t really be heard. It might work for some vocal-centric tracks, but in general, the Phonum is best avoided for music listening.

Wired connectivity naturally sounded a lot better than Bluetooth on the Beyerdynamic Phonum, offering a more stable and clean sound experience than simply using my laptop’s own speakers. When plugged into my MacBook Air, the Phonum was detected automatically, and MacOS offered two equaliser modes through its sound settings – Voice and Music – which worked as I expected to optimise the equaliser for these purposes. The Voice mode gave the mids a reasonable push.

Verdict

Increased dependence on working from home has made for some interesting innovations in the gadget space, and the Beyerdynamic Phonum is one such device. It’s pitched as a speakerphone for calls, and does that very well whether connected using Bluetooth or a USB cable. It could also come in handy in a conference room, where its excellent Gecko microphone system can optimise voice pickup from any direction.

Although expensive at around Rs. 25,000, this speakerphone puts Beyerdynamic’s expertise to good use. It doesn’t sound too good with music, but that really isn’t what the Phonum is made for; stick to its core functionality and you’ll quickly grow fond of it, as I have.


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Oppo Watch Free, New TWS Earbuds Model May Launch in India in January

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Oppo Reno 7 series is all set to launch in China on November 25. The company has not offered any clarity on an India launch timeline, but leaks suggest that the new series may launch in the Indian market sometime in the month of January. Now, a new report claims that the company may launch the Oppo Watch Free in India around the same time. Alongside the Reno 7 series, a next-gen true wireless earbuds may also launch in the Indian market next year.

91Mobiles, citing tipster Mukul Sharma, reports that the Oppo Watch Free fitness tracker and the next-generation TWS earbuds may launch alongside the Oppo Reno 7 range next year in India. The Oppo Reno 7 series is largely anticipated to launch in India in January, meaning that the Oppo Watch Free and the next-gen earbuds may also be unveiled then.

The Oppo Watch Free has already been unveiled in China last month. While the report does not mention the TWS earbuds expected to be unveiled in India in January, it can be speculated that the Enco Free 2i slated to launch in China tomorrow, may arrive in the Indian market as well. Of course, this is pure speculation and Oppo may unveil some other earbuds in January. The Oppo Watch Free is priced at CNY 549 (roughly Rs. 6,200) and the Indian model may be priced around the same range.

Oppo Watch Free specifications

On the specifications front, the Oppo Watch Free features a 1.64-inch (280×456 pixels) AMOLED touchscreen display. It packs a 230mAh battery that is said to provide up to 14 days of battery life in the light battery life mode. It can be fully charged in 75 minutes. As mentioned, the Oppo Watch Free has more than 100 sports modes including cricket, badminton, skiing, kayaking, volleyball, rowing, swimming, and more.

Oppo Watch Free can automatically track four sports — walking, running, rowing machine, and elliptical machine. Being a fitness band, it can also track users’ heart rate and blood oxygen saturation levels. Other health features on the Oppo Watch Free include sleep monitoring, snoring monitoring, daily activity, and sedentary reminders. Users can choose from more than 100 watch faces.

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El Salvador Warned by IMF Over Use of Bitcoin as Legal Tender

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The International Monetary Fund (IMF) has recommended that El Salvador stop using Bitcoin as legal tender, pointing to financial and consumer risks associated with the cryptocurrency, soon after the country’s President Nayib Bukele announced plans for the world’s first Bitcoin city, powered by a volcano and financed by cryptocurrency bonds. El Salvador, a country that has used the US dollar as its primary fiat for over two decades, legalised Bitcoin as an official tender in September, and has been able to reap profits out of the move too.

In a statement, the IMF acknowledged that Bitcoin, and cryptocurrencies in general, can facilitate efficient payments, but allowing them as legal tender will likely pose problems for financial stability. “Given Bitcoin’s high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities. Because of those risks, bitcoin should not be used as a legal tender. Staff recommends narrowing the scope of the bitcoin law and urges strengthening the regulation and supervision of the new payment ecosystem,” stated the IMF in a statement.

The global agency also called on El Salvador to narrow the scope of its Bitcoin law and strengthen the regulation and supervision of the new payment ecosystem.

El Salvador plans to build the world’s first “Bitcoin City”, funded initially by Bitcoin-backed bonds, President Nayib Bukele said over the weekend, doubling down on his bet to harness the cryptocurrency to fuel investment in the Central American country.

Speaking at an event closing a week-long promotion of Bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value-added tax (VAT).

The IMF regularly undertakes Article IV missions to member countries to consult with government officials before they request to use IMF resources. “The plans to issue sovereign bonds and use the proceeds to buy Bitcoin and fund infrastructure plans announced on November 20, occurred after the technical work of the mission concluded, and were not discussed with the authorities,” the IMF clarified.

This isn’t the first time the IMF has warned the Latin American country for being Bitcoin-forward. Earlier this year, when El Salvador had just passed its historic Bitcoin Law, the IMF had a predictable reaction of opposing its prospects. Yet, despite its multiple warnings against the risks of a Bitcoin-legalised financial system, El Salvador had powered through with its plan. The country has launched its Bitcoin-powered Chivo Wallet app as well as established multiple ATMs to facilitate daily transactions and remittance transfer in Bitcoin.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Island Nation Palau Considers National Digital Coin, Partners With Ripple

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The island country of the Republic of Palau has partnered with San Francisco, US-headquartered crypto solutions provider Ripple to explore the creation of its national digital currency. The partnership will first focus on developing avenues for inter-border payments that could be facilitated by this digital currency that will be backed by the US dollar, if all goes according to the plans. As part of the deal, Ripple will provide tech, business, design, and policy support to Palau. The government of Palau wishes to provide people with an alternate to bank currencies with expanded financial access.

According to the announcement, if Palau gets a national digital currency, the authorities there are open to experimenting with its use cases on decentralised public blockchain called XRP Ledger (XPRL).

Palau is a country with approximately 340 islands, forming the western chain of the Caroline Islands located in the Pacific Ocean. The economy of the country is impacted by remittances — the money sent back home by its diaspora, employed abroad.

Such nations, depending on remittances, get more money from its native people working out if transactions were done using the crypto technology. Since cryptocurrencies are not regulated by any bank, no service fee is charged on cross-border financial transfers.

As a service fee, international money transfer platforms chug down a significant percent of the remittances and transfers a lesser amount than intended.

Earlier in October, a Parliamentarian from Tonga, the last Polynesian kingdom of the South Pacific had also addressed the subject.

The official, at the time had said that Western Union was cutting over 50 percent of their remittance, a hurdle another small nation El Salvador tackled by legalising Bitcoin as a legal tender.

For now, Ripple is looking forward to assisting Palau get its own national digital currency.

“We have a wonderful opportunity to bring together our technology and experience with the unique characteristics of Palau to make a real economic and social impact for the country,” said James Wallis, vice president of Central Bank Engagements at Ripple.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency Prices across Indian exchanges

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.


Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com.
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Twitter Rolls Out Fix for Disappearing Tweets on iOS, Says Tweets Should Now ‘Stay Put’ While Scrolling



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Twitter Rolls Out Fix for Disappearing Tweets Bug on iOS

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Twitter has announced that it has updated its iOS app with a fix for a bothersome bug that would cause users tweets to disappear while trying to read them on the app. The issue, which affected users across the microblogging service, was first resolved on the Twitter Web service on November 15. Now, iPhone and iPad users who update their Twitter app will be able to pause while scrolling to read a tweet, while it stays put on their timeline.

The microblogging service revealed that new replies being added to a conversation on Twitter was the reason tweets would suddenly jump out of view while a user was reading it on the timeline. “Now when you pause your timeline scrolling to look at a Tweet, it should stay put!” the company tweeted. After the company rolled out a fix for the Web version of Twiter on November 15, the issue has now been fixed on the Twitter app for iPhone and iPad.

Twitter is yet to reveal when it would provide a fix for the disappearing tweet issue on Android smartphones and tablets. Earlier this month, Twitter stated that users would be able to choose when to see new tweets on their timeline by tapping the tweet counter bar at the top of the timeline. The fix has arrived two months after the company acknowledged the issue back in September, within the timeline stipulated by Twitter.

The service has made other noteworthy changes to its apps, such as the recent decision to discontinue support for Accelerated Mobile Pages (AMP). The company has begun phasing out support for redirecting users to AMP versions of articles on the web. Last month, Twitter updated its Android app with the ability to change light and dark themes based on the system theme. While the app previously allowed users to change the theme with an “automatic at sunset” option or manually, the “use device settings” feature introduced on Android in October brought the app on par with its iOS counterpart which already included the same functionality.


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.


As a writer on technology with Gadgets 360, David Delima is interested in open-source technology, cybersecurity, consumer privacy, and loves to read and write about how the Internet works. David can be contacted via email at DavidD@ndtv.com, as well as on Twitter at @DxDavey. 
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Xiaomi TWS 3 Pro Earphones Tipped to Launch in India Soon

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Xiaomi TWS 3 Pro earphones will reportedly be making their debut in the Indian market soon. The date is yet to be officially confirmed by the Chinese smartphone maker, but according to a tipster, the true wireless stereo (TWS) earbuds from Xiaomi are all set to launch in the country in December 2021 or January 2022. The earphones, which arrived in China in September this year alongside the Xiaomi Civi smartphone, features adaptive active noise cancellation (ANC) feature as well.

Xiaomi TWS 3 Pro’s India launch details were shared by known tipster Mukul Sharma (@stufflistings) in collaboration with 91Mobiles. As per the report, the Xiaomi earphones could be priced under Rs. 10,000. The brand is expected to announce a new speaker as well.

To recall, Xiaomi TWS 3 Pro earphones were launched in China on September 27 for CNY 699 (roughly Rs. 8,000). The earphones were announced in Black, Green, and White colour options.

As mentioned, the earbuds were unveiled alongside the Xiaomi Civi smartphone and the Xiaomi Watch Color 2 smartwatch. Xiaomi TWS 3 Pro succeed the Xiaomi TWS Earphones 2 which were launched last year.

Xiaomi TWS 3 Pro have an ergonomic design and they support adaptive ANC. This includes a voice-enhancing mode, an ambient mode, and a three-stage noise reduction feature. The maximum noise reduction depth offered by the earbuds are 40dB. The pair of earbuds have spatial audio support and offer USB Type-C charging. Xiaomi TWS 3 Pro come with LHDC 4.0 codec as well.

The earphones are IP55-rated for dust and water resistance. They are claimed by the company to deliver six hours of battery life when ANC is turned off. With the charging case, the battery lasts up to 27 hours.


Can Nothing Ear 1 — the first product from OnePlus co-founder Carl Pei’s new outfit — be an AirPods killer? We discussed this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
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For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.


Nithya P Nair is a journalist with more than five years of experience in digital journalism. She specialises in business and technology beats. A foodie at heart, Nithya loves exploring new places (read cuisines) and sneaking in Malayalam movie dialogues to spice up conversations.
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Oppo Watch Free, Next-Gen TWS Earbuds Tipped to Launch in India in January Alongside Oppo Reno 7 Series

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