2022-2-25 16:15 |
Tax revenue inflows from bitcoin mining companies could represent a meaningful windfall for the United States government.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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The level of miners' revenue per transaction could offer insights into the rise and fall of bitcoin prices.
2022-2-16 10:00 | |
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As the NFT market boomed in 2021, so do the questions around taxation come the next tax season. Sponsored Sponsored The Internal Revenue Service wants its share of the NFT booty. There is a lack of clarity on how NFT holders should be taxed, but tax experts say taxes could be up to 37%.
2022-1-16 12:05 | |
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Shares of Robinhood (HOOD) have dropped by 70% over the past four months. The company has suffered both reputation hits and revenue drops in Q3, which could be behind the drop in valuation. The post Robinhood Stock Down by 70% Since August, Crypto Revenue Tanks appeared first on BeInCrypto.
2021-12-1 12:49 | |
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Despite the fact that a large percentage of all funds seized by the Internal Revenue Service (IRS) in this fiscal year came from cryptocurrency, the agency has projected that it could be able to confiscate more billions from the same source by the next fiscal year.
2021-11-22 13:00 | |
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Bitcoin mining could account for a significant percent of the country's total revenue
2021-11-2 19:03 | |
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Money services providers could lose $400 million a year in commissions for remittances thanks to bitcoin, increasing Salvadorans’ money.
2021-9-9 18:51 | |
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Further requirements on crypto firms could be on the way as the administration is looking for new revenue streams.
2021-9-1 19:20 | |
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A fresh rally for Bitcoin's price could see miner income recover further The price… The post Bitcoin miner revenue climbs 57% to return to 2020 levels appeared first on Coin Journal.
2021-8-17 14:50 | |
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The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face.
2021-8-5 20:00 | |
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Robinhood’s main revenue source for the first quarter of 2021 could come under SEC review.
2021-7-7 15:39 | |
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34% of free-trading app’s revenue came just from DOGE, revealed Robinhood, whose crypto under custody soared by 23x in Q1 as 9.5 million customers traded $88 billion worth cryptocurrencies. The post Robinhood: Business & Financial Condition ‘Could Be Adversely Affected’ if Demand for DOGE Declines first appeared on BitcoinExchangeGuide.
2021-7-2 17:35 | |
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Jamie Dimon and JPMorgan analysts have predicted that a successful launch of Ethereum 2.0 will significantly boost the staking economy. The financial experts have argued that Eth2.0 could balloon the crypto industry’s annual revenue to over $40 billion by 2025, as staking offers both retail and institutional investors a juicy money-making opportunity, reports Forbes onRead More
2021-7-2 12:30 | |
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The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month.
2021-5-14 08:30 | |
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The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra.
2021-3-24 00:35 | |
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With NFT sales on the rise, news agency CNBC revealed that buyers and sellers could face taxes on such transactions. According to the company's wealth reporter, Robert Frank, the US Internal Revenue The post Those buying NFTs with Bitcoin or Ether may face tax surprise appeared first on AMBCrypto.
2021-3-18 01:30 | |
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With the advancement of digital currencies comes a sizeable number of opportunities. When leveraged, businesses and different organizations could create alternative and sustainable revenue sources.
2021-3-14 18:03 | |
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A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies.
2021-3-4 06:00 | |
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Coinbase, the biggest US-based cryptocurrency exchange has disclosed its detailed plan for the upcoming direct listing on the stock market by Nasqad. Coinbase submitted an S-1 report to the US SEC outlining key information such as revenue and ownership structure for investors to carry out due diligence on the company.
2021-2-26 00:44 | |
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Vitalik Buterin has been exercising some of his Chinese language skills on local social media platforms. It seems that miners are growing anxious over the approaching Ethereum EIP-1559 upgrade that could threaten their burgeoning revenue streams.
2021-2-24 12:03 | |
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Apple Inc. is well positioned to offer cryptocurrency trading, according to an analyst with global investment bank RBC Capital Markets. Not only will Apple gain instant market share in the crypto space, but the move could also generate the Iphone maker well over $40 billion in annual revenue.
2021-2-12 22:30 | |
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Mizuho sees bitcoin not as a source of revenue itself, "but as a vehicle to boost engagement on the app," and that could drive revenue growth.
2020-12-19 17:23 | |
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A rise in coronavirus cases, hospitalizations and deaths could dent consumer confidence and retailer revenue during the crucial holiday shopping season.
2020-11-16 18:00 | |
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The U.S. Internal Revenue Service (IRS) is once again sending out letters to cryptocurrency investors notifying them to pay their taxes and those that haven’t filed their taxes correctly. The taxman is increasing its efforts in collecting crypto transaction taxes, and those yet to file could be subject to “future civil and criminal enforcement activity. […]
2020-8-26 16:21 | |
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Today, big banks across the globe begin revealing quarterly revenue results that could send the stock market tumbling. And given Bitcoin’s continued correlation with the stock market, a devastating blow to the asset’s worst enemy may also drag crypto down with it.
2020-7-15 18:00 | |
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The severe drop in mining revenue might mark the start of a Bitcoin bull run that could be reminiscent of its previous cycles
2020-5-19 09:10 | |
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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.
2020-5-19 12:22 | |
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Pokemon Go has just seen a massive spike in revenue despite the coronavirus, all without having to put their players or staff in danger. Companies like GameStop could learn a thing or two here. The post Pokemon Go Is Making Money the Right Way During this Pandemic appeared first on CCN.com
2020-3-31 02:26 | |
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If "Fortnite fatigue" is really fake and the game isn't bleeding revenue, Epic Games could prove it ridiculously easily. So why won't they? The post If ‘Fortnite Fatigue’ Is Fake, Epic Games Picked a Dumb Way to Prove It appeared first on CCN.com
2020-2-29 20:44 | |
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Sundar Pichai, CEO of Alphabet and Google, finally revealed YouTube's revenue number in the fourth quarter results: $15 billion. This disappointment, more than anything, could be what sent the stock into a tailspin in aftermarket trading.
2020-2-4 05:00 | |
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The UK's tax, payments, and customs authority, HM Revenue and Customs [HMRC] is reportedly looking to invest in a "crypto-asset blockchain analysis tool" that could identify criminals indulging in theThe post UK's HMRC seeks to identify cybercriminals using 'blockchain-analysis tool' appeared first on AMBCrypto.
2020-1-21 20:20 | |
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With the U. S. Internal Revenue Service looking to enforce more stringent Bitcoin tax compliance, several stakeholders say Congress should step in to clarify the way virtual currencies should be treated for tax purposes.
2019-11-26 13:30 | |
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China started the decline in BTC price and miners releasing additional supply into the market further put pressure S9-Antminer rigs no longer profitable, so the old machines need to get a shakeout. Miners are easy to regulate and provides tax revenue benefit unlike crypto exchanges that helped fuel speculation and capital flight in China What is […]
2019-11-26 02:04 | |
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A provision for de minimis exception in crypto taxes could lead coin holders to manipulate the system while burdening IRS further. The US Internal Revenue Service recently published guidance regarding the tax treatment of digital currencies.
2019-11-20 12:00 | |
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Crypto revenue models are becoming more elaborate – and as the aftermath of a prolonged bear market takes its toll, creative solutions to attract and retain customers are becoming de rigeur.
2019-10-15 20:58 | |
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Wikipedia, the 7th most visited website in the world, is the latest website to join Brave Browser as a verified publisher. Wikipedia will now be able to accept tips and donations in Basic Attention Tokens, which could meaningfully increase the non-profit’s revenue.
2019-8-28 03:10 | |
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The U. S. Internal Revenue System (IRS) has recently posted a new video on social media talking about the CP2000 notices it sent to people who did not pay their taxes as they should. This has troubled crypto investors, as most of them did not know how to pay their taxes due to lack of […]
2019-8-27 00:41 | |
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By CCN Markets: A new report by technology analyst firm Rethink Technology Research suggests that esports will be bringing in revenues of more than $5 billion a year by 2024. Esports revenue brought in an estimated $800 million in 2018, but this could grow to $5.
2019-8-16 01:00 | |
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The U. S. Internal Revenue Service (IRS) could take further actions in order to tackle unreported crypto holdings individuals have. This is according to a slide deck presentation that was unveiled at an IRS cyber training session and revealed by CoinDesk.
2019-7-13 00:06 | |
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Leo adds 8. 2 percent The public open to tracking iFinex repurchase of Leo coins Behind a surging coin, iFinex plans to open up to the public its buyback program. In an initiative called the UNUS SED LEO Transparency Initiative, the public will track how the parent company would purchase Leo from their gross revenue.
2019-6-17 10:00 | |
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By CCN Markets: Analysts at Royal Bank of Canada (RBC) Capital Markets predict that Facebook’s upcoming cryptocurrency, GlobalCoin, could be the company’s most significant achievement yet.
2019-6-15 18:09 | |
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Coinspeaker Harmony Partnership Series: Harmony X ContentosGamers using Harmony based dApp game could have an option to develop alternate sources of income by streaming their gameplay in Contentos and start earning revenue from Ads, paid subscriptions or tips (donations) from viewers.Harmony Partnership Series: Harmony X Contentos
2019-6-12 16:00 | |
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By CCN: Morgan Stanley analyst Katy Huberty delivered mixed messages regarding Apple’s stock this week. With Apple’s stock closing at $178 on Thursday, she downgraded the price target from $240 to $231.
2019-5-31 01:18 | |
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A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank.
2019-5-22 12:25 | |
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The United States Supreme Court ruled this week that users could sue Apple for allegedly monopolizing the App Store and driving up the price of apps. This means that, if you’re so inclined, you could bring suit against Apple for overcharging you.
2019-5-14 23:12 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
2019-5-8 20:07 | |
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While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.
2019-5-4 22:14 | |
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Square’s Cash app reported record Bitcoin revenue once again, in its Q1 2019 earnings report. If growth continues at this rate, there could soon be 2 BTC bought on Square Cash for each one mined.
2019-5-3 01:00 | |
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Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.
2019-4-27 22:07 | |
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| Analogue Notcoin - TapSwap |
Most bitcoiner owners aren't cypherpunks and don't require an energy-intensive consensus mechanism. A tax would shift them on to sensible alternatives.
Investors receiving airdrops should be aware of the tax implications of their newly-earned tokens to avoid unwelcome surprises from the IRS.
The two agencies' differing opinions are impeding the development of comprehensive guidelines that would protect investors and ensure crypto's development.
Uncle Sam may collect tax on every loan and repayment of cryptocurrency which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry.
Casual collectors may be in for a rude awakening this year.
A sizable proportion of “advisor alpha” can be generated from effective investment-related tax planning strategies alone.
With the U.S. tax deadline (April 18) around the corner, confusion about cryptocurrency taxes abounds. Here are some ways you might have your facts wrong, according to ZenLedger COO, Dan Hunnum. This piece is part of CoinDesk's Tax Week.