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Bitcoin Volatility Is Net Positive for BTC Miners, Claims Study
There’s a prevailing notion that miners aren’t fans of Bitcoin’s volatility because it makes their revenue streams unpredictable. Two researchers from The Hebrew University of Jerusalem, Aviv Yaish and Aviv... The post Bitcoin Volatility Is Net Positive for BTC Miners, Claims Study appeared first on Crypto Briefing. дальше »
2020-6-19 15:39 | |
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IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1. 1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year period. дальше »
2020-6-18 00:05 | |
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Nvidia Faces a Lawsuit Over its Crypto Mining Revenue
When Nvidia decided to put more effort into its cryptocurrency mining-oriented GPU products, there were some concerns by investors. Several months later, the concerns proved justified, and Nvidia is now facing a major lawsuit. дальше »
2020-5-21 00:00 | |
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Is Ethereum Becoming a Fee Market?
The average transaction fee on Ethereum has increased by over 160%. Miners are enjoying higher revenue at the expense of users, but this could change in the near future. Transacting... The post Is Ethereum Becoming a Fee Market? appeared first on Crypto Briefing. дальше »
2020-5-19 12:22 | |
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Bitcoin Miners Revenue Plunge 48% as Halving Impact Kicks In
Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect. According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8. дальше »
2020-5-15 16:08 | |
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IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations
The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions.
дальше »2020-5-13 13:39 | |
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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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Silvergate Crypto Bank Client Base Grew 37% in Last Year; SEN Transfer Volume Is Up 324%
Silvergate is among the few US-based banks that cater to crypto-traders among other crypto-related service providers. This situation provides them with a great source of revenue for the bank amid the growing interest of the public in the crypto space. дальше »
2020-5-1 20:48 | |
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Singapore: No Income Tax on Cryptocurrency Airdrops and Hard Fork Tokens, IRAS Says
The Internal Revenue Authority of Singapore (IRAS) has published new crypto tax guidelines indicating a tax exemption for hard forks and airdrops. Also, the guide outlines Singapore’s tax treatment scheme for digital tokens and securities. дальше »
2020-4-21 23:07 | |
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Chainalysis Report: Crypto Scammers Take It Easy As COVID-19 Pandemic Wreaks Havoc
Blockchain analysis firm, Chainalysis has recently issued a report in which it has been found that since March 2020, COVID-19 managed to slash crypto scammers’ revenue by 33%. That said, the firm believes that this doesn’t reflect the entire story. дальше »
2020-4-11 21:35 | |
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Coronavirus Has Erased 33% of Crypto Scammers’ Revenue: Chainalysis
Research firm Chainalysis found that even though crypto scammers were seeing high numbers of transactions, this year's dramatic market tumble means their actual profit was a fraction of what it used to be. дальше »
2020-4-11 16:00 | |
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CME’s Board Nominee Wants to Earn More Revenue With Crypto; “Bitcoin Mining Is A Win-Win”
CME set to introduce Bitcoin mining? Dante Federighi, one of the nominees in the upcoming CME Group board of directors Class B-2 shareholder election, plans to introduce Bitcoin mining activities in the firm. дальше »
2020-3-27 17:20 | |
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Ukrainian NAPC Now Requires Tax Payers To Report Crypto Holdings As ‘Intangible Assets’
Taxpayers in Ukraine have been presented by the country’s revenue agency a guidance on how to report the cryptocurrency they’re holding. The document was first revealed by the crypto news outlet Forklog. дальше »
2020-3-5 00:40 | |
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Top Exchanges Ask the IRS To Provide Clarity In Tax Regulation For Crypto At Summit
Crypto exchanges led by Kraken and Coinbase have aired their views to the U. S Internal Revenue Service (IRS) in an ongoing tax summit. The representatives called for more clarity within the crypto environment to enable innovations in this industry to thrive. дальше »
2020-3-4 18:26 | |
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IRS Crypto Prosecutions Set to ‘Skyrocket’, Says US Tax Law Firm
The US Internal Revenue Service (IRS) is expected to ramp up its cryptocurrency-related enforcement actions, a tax law office warns. US Revenue Agency Looking to Crack Down on Crypto Tax Evasion The IRS has not been explicit on how would it treat taxes related to cryptocurrency transactions. дальше »
2020-2-22 20:00 | |
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Internal Revenue Service Invites Crypto Firms To A Digital Asset Tax Summit In March
The Internal Revenue Service (IRS) sent out invites to an undisclosed number of cryptocurrency startups and firms in a bid to discuss digital asset tax-related issues in the field on March 3. The reports from Bloomberg Tax and Coindesk state the Washington based conference will have four-90 minute panel sessions to discuss taxes, tech, and […] дальше »
2020-2-19 17:31 | |
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Crypto Tax: IRS Invites Industry Stakeholders to Parley in March
The United States Internal Revenue Service (IRS) is inviting cryptocurrency stakeholders to a crypto tax summit in March. The move comes as the IRS has declared its intention to pursue robust virtual currency tax enforcement in 2020. дальше »
2020-2-19 16:00 | |
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2019 IRS Crypto Tax Guidance is Subject to Change, GAO Warns
The IRS’ guidelines on crypto tax reporting remain unclear, and may not be binding, per the analysis of the Government Accountability Office (GAO). Crypto Tax Reporting Guidelines Change Without Warning Reporting on ownership and gains from crypto assets remains unclear, as the IRS has not codified all of its opinions into Internal Revenue Bulletins. дальше »
2020-2-16 15:30 | |
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IRS Mute on Calls to Clarify Foreign Crypto Tax Reporting Rules
The U. S. Internal Revenue Service (IRS) is yet to clarify which Foreign Account Tax Compliance Act (FATCA) rules apply to crypto tax filings. Meanwhile, a U. S. Congress watchdog is saying aspects of the updated crypto taxation guidelines published by the IRS in 2019 are not enforceable. дальше »
2020-2-13 22:00 | |
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BlockFi Raises $30M Series B Led by Valar Ventures
New Jersey-based crypto-focused financial services company BlockFi announced today that it has raised $30 million in Series B funding led by Valar Ventures. BlockFi Saw 20x Revenue Growth in 2019...The post BlockFi Raises $30M Series B Led by Valar Ventures appeared first on Crypto Briefing. дальше »
2020-2-13 16:58 | |
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IRS Removes Crypto Tax Reporting for Fortnite and Other Game Tokens
The U. S. Internal Revenue Service (IRS) has updated its webpage, removing parts of its crypto tax disclosure guideline which classified game tokens as cryptocurrencies. This includes the online gaming sensation, Fortnite. дальше »
2020-2-13 14:30 | |
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How Crypto Can Solve Payment Woes for Online Content Creators?
Monetizing online content can be a great way to get paid doing what you love. Crypto can help expand the reach of content creators allowing them to get paid directly from people all over the world. Crypto Can Help People Monetize Their Social Media Content One of the major reasons for the success of Youtube is that it enabled content creators to share in the platforms advertising revenue, allowing content creators to monetize the videosRead More The post appeared first on Bitcoinist.com. дальше »
2020-2-6 00:00 | |
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Crypto Group Asks IRS to Make Small Payments Tax-Free
The Wall Street Blockchain Alliance is the latest to ask the U. S. Internal Revenue Service (IRS) to consider a ‘de minimis’ exemption for crypto tax payments below a specific value. IRS Should Reduce Crypto Tax Burden According to Law360, the Wall Street Blockchain Alliance has written a letter to the IRS calling for tax exemptions for crypto transactions below a certain threshold. дальше »
2020-2-6 19:00 | |
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IRS Explains What Crypto Owners Must Know to File Taxes This Year
Kicking off this year’s tax filing season, the U. S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. дальше »
2020-2-2 15:50 | |
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Beware of the IRS, H&S Warns its Crypto Customers
U. S. tax preparation company H&R Block is advising its customers not to consider evading the Inland Revenue Service (IRS) by not reporting their cryptocurrency transactions Don’t Worry About Accuracy, Just Report Crypto Taxes According to Yahoo Finance, H&R Block has told its crypto-owning customers to heed the IRS’ call for crypto tax compliance. дальше »
2020-1-25 02:00 | |
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Binance (BNB) Crypto Exchange Expands P2P Trading Service for more Liquidity
Binance (BNB), the world’s largest Bitcoin (BTC) trading venue has announced the launch of its Peer-to-Peer (P2P) Merchant Program. The P2P program will allow merchants to provide fiat currency payment solutions to people around the world and earn revenue, according to a blog post on January 21, 2020. дальше »
2020-1-22 18:00 | |
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Crypto Exchange Binance Rolls Out Global P2P Merchant Program To Increase Fiat On-Ramps
One of the leading crypto exchanges and blockchain ecosystems, Binance, has today announced the launch of a Peer-to-Peer (P2P) Merchant Program. The merchants who are using this program will be able to earn revenue with zero transaction fees by providing fiat payment solutions. дальше »
2020-1-22 23:41 | |
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UK Tax Agency to Pay $100K for Blockchain Surveillance Software
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions. дальше »
2020-1-22 22:10 | |
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KuCoin’s Futures Platform KuMEX Launches a Lite Version
KuMEX, the Bitcoin futures platform developed by KuCoin, today announced the launch of a Lite version, which not only focuses on core trading experience by simplifying the overall interface but also provides analytic tools such as a long-short ratio and revenue calculator to help newcomers to the crypto futures market better predict market trends and... The post appeared first on NewsBTC. дальше »
2020-1-8 16:00 | |
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Crypto Booking Service Sees 33% Boost After Partnership With Booking.com
Crypto room renting service Travala sees one-third higher revenue after partnering with Booking.com
дальше »2020-1-6 20:05 | |
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Travala Scores 33% Revenue Growth With 60% of Bookings Paid With Crypto
Travala, the online platform that allows crypto users to book hotel rooms in thousands of destinations around the world, has registered remarkable growth in bookings during the Christmas holiday season. дальше »
2020-1-5 16:50 | |
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IRS Says Charity Crypto Donations Must be Declared
Recently, the US government’s revenue service, the IRS made a few changes to its set of FAQs on crypto assets. Charity organizations that are generally exempted from tax collections have to report virtual currency based donations on Form 990, the agency said on December 26. дальше »
2020-1-3 17:00 | |
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Crypto payment app Cryptopay generates revenue of €2.9 million in 2019
Cryptopay, a cryptocurrency payment platform, has announced that the company generated a total of €2,891,945 in revenue for the 2019 year. According to the record, November’s 2019 revenue was the third-highest since Cryptopay’s first report was published. дальше »
2020-1-3 15:19 | |
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Korean Government Brings the Hammer Down on Bithumb, Taxing The Crypto Exchange $68 Million
The Internal Revenue Service has imposed an obligation on cryptocurrency exchange Bithumb to “withhold withholding” on income from cryptocurrency transactions by foreign users, reported local sources. дальше »
2019-12-30 16:15 | |
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IRS Now Requires Tax Filers to Disclose Crypto Activities
The U. S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. дальше »
2019-12-9 19:35 | |
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Brazil Tax Authorities Impose New Regulation to Fine Crypto Traders Who Do Not Report Their Transactions
Back in August this year, the Department of Federal Revenue rolled out various provisions and stipulations that require all Brazilian citizens to report transactions that involve cryptocurrency. A recent report tabled on December 6th from one of Brazil’s most popular news outlets stated that the new codes for reporting cryptocurrency was introduced to back up […] дальше »
2019-12-8 20:30 | |
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New Zealand Tax Authority Gives OK To Salaries Paid In Crypto
New Zealand's Inland Revenue Department has deemed it legal for companies to pay employee salaries in crypto so long as the employee is under an official employment agreement and the chosen crypto can be easily converted to fiat via an exchange. дальше »
2019-8-12 19:35 | |
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Wealth and Tax Advisor Says IRS May Be Targeting Crypto Traders, Not Investors
By now, most crypto investors know that the United States government has begun to crack down on the crypto industry, and has begun targeting those who have used Bitcoin and other crypto-assets for illicit crime. дальше »
2019-8-9 04:00 | |
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British Tax Division Resorts to Gathering Intel From Crypto Exchanges To Find Tax Evaders
The tax authority of the United Kingdom, HM Revenue & Customs, has recently revealed that it is about to take data from exchanges in order to get unpaid taxes. Three major exchanges, CEX.IO, Coinbase, and eToro, received letters last week that demanded them to give information about their customers to the government. According to reports, […] дальше »
2019-8-7 22:49 | |
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Scammers Capitalize On IRS Crypto Tax Letter Campaign
Last week, the US Internal Revenue Service sent letters to crypto holders regarding the proper way to report gains and losses on tax returns. Now, fraudulent letters are being sent to crypto holders claiming they owe unpaid taxes to the “Bureau of Tax Enforcement." дальше »
2019-8-7 19:26 | |
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HM Revenue & Customs Asks For Trader Info From Exchanges Operating In The UK
HM Revenue & Customs, the UK tax authority, has asked for names and transaction histories of users from three crypto exchanges operating in the UK to find users who haven't properly claimed their crypto holdings on tax returns. дальше »
2019-8-7 19:13 | |
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