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Majority of Cash App’s 2020 Revenue Came from Bitcoin
Square, the payments company founded by Twitter’s Jack Dorsey, published its SEC filing and shareholder letter earlier, disclosing its revenue for the first quarter of 2020. 57% of the Cash... The post Majority of Cash App’s 2020 Revenue Came from Bitcoin appeared first on Crypto Briefing. дальше »
2020-5-7 12:09 | |
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Bitcoin Purchases on Dorsey’s Square Cash App, Records Its 7th Straight Quarter of Growth
According to the financial report of the quarter four of Twitter founder and bitcoin proponent Jack Dorsey’s Square, customers bought $178 million of Bitcoin. In total, the peer-to-peer payments and stock trading Cash App generated $361 million in revenue, half of which came from bitcoin trading. дальше »
2020-2-29 22:24 | |
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YouTube is the world’s top-grossing video app with $138M in user spending
Google must be happy. YouTube is the world’s top-grossing app in the photo and video software category for a second quarter in a row. To clinch the top spot, YouTube generated $138 million in user spending, according to data from app market monitor SensorTower. дальше »
2019-8-1 13:51 | |
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IRS devising more sophisticated ways to keep track of people evading tax on cryptocurrency earnings
The United States’ Internal Revenue Service is in the news again after a new method of its to keep a tab on those who evade tax on their cryptocurrency earnings came to the fore. According to a 181 slide presentation, James Daniels, IRS-CI’s cyber-crime program manager, laid out a plan of extracting information from taxpayers, […] The post IRS devising more sophisticated ways to keep track of people evading tax on cryptocurrency earnings appeared first on AMBCrypto. дальше »
2019-7-10 02:30 | |
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Cryptopia: Most revenue for bankrupt exchange came from U.S. account holders
Stephen D Palley, a partner in the Washington DC office of Anderson Kill, shed light on the Cryptopia – US Bankruptcy court filing, on his Twitter handle. Cryptopia, a now-defunct New Zealand cryptocurrency exchange, has constantly been in the limelight of the cryptocurrency space ever since it was hacked in mid-January 2019. дальше »
2019-5-28 22:00 | |
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LocalBitcoins Denies Service to Iranian Users
The popular peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users. LocalBitcoins’ website offers a variety of pages for users of different nations and, as of May 24, 2019, the Iranian page displays a message that “LocalBitcoins is currently not available in your selected region,” in English only. дальше »
2019-5-25 20:14 | |
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Report Claims That “Sextortionists” Absconded With Over $300,000 in Crypto in 2018
Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $300,000 in bitcoin (BTC) tokens in 2018. дальше »
2019-3-1 18:10 | |
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Square’s Surging Bitcoin Business Will Restore Confidence in Crypto
Square, the $31 billion payments giant, processed over $166 million in Bitcoin purchases throughout 2018. Square Bitcoin Revenue Eclipses $50 Million in Q4 According to the firm’s Q4 shareholder letter, Square processed the sale of $52. дальше »
2019-3-1 19:58 | |
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Facebook is so Dominant it Earned $5 Billion in China in 2018 – a Country Where It’s Banned
In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. дальше »
2019-2-10 15:08 | |
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Cryptocurrency Traders Evade Taxes Making Use of Lending Loopholes
According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U. S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence. дальше »
2018-11-13 02:00 | |
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DJ Who “Turned Down Wall St.” Is On a Quest to Decentralize Music Festivals
Independent DJ Justin Blau (known on stage as 3LAU) didn’t exactly stumble into the cryptocurrency industry — to say so would misrepresent how much thought he’s put into his blockchain-based event network, Our Music Festival (OMF). дальше »
2018-8-8 19:23 | |
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International Coalition Set to Tackle Cryptocurrency Tax Crime
In a bid to fight the threat of cryptocurrency tax crime, the United States Internal Revenue Service (IRS) has joined with tax authorities from Australia, Canada, the Netherlands and the United Kingdom to form the Joint Chiefs of Global Tax Enforcement (J5), according to a press release. дальше »
2018-7-4 23:36 | |
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Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO
Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value. дальше »
2018-6-11 01:34 | |
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