Robinhood Misses Earnings and Revenue Expectations in Q4 Report

Robinhood published its financial results for Q4 and the full year of 2022, revealing it had missed its earnings and revenue expectations. The post Robinhood Misses Earnings and Revenue Expectations in Q4 Report appeared first on BeInCrypto.

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Robinhood saw crypto transaction revenue fall by 24% in Q4 2022

Trading app company Robinhood reported various cryptocurrency-related trends in its quarterly and full-year report published on February 8. The post Robinhood saw crypto transaction revenue fall by 24% in Q4 2022 appeared first on CryptoSlate.

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IRS broadens tax requirements for crypto to encompass everyone

The International Revenue Service (IRS) has updated its taxation and reporting requirements and broadened its scope to everyone who “has dealt” with digital assets, according to a Forbes report.

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31% of investors do not file crypto taxes to IRS, report says

CoinLedger has revealed that 31% of crypto investors still need to report their cryptocurrency taxes to the Internal Revenue Service (IRS). 1 in 3 crypto investors shy away from taxes  According to an online survey of 305 US adults conducted…

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Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan

Per a report from the Financial Times (FT), Twitter has been trying to find new sources of revenue, and crypto and Dogecoin (DOGE) could be part of a new strategy to achieve this objective. The company has submitted petitions for regulatory licenses in the United States to “turnaround the business.

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ASML Posts Q4 2022 Earnings Forecast, Beats Estimates on Revenue & Net Profit

Coinspeaker ASML Posts Q4 2022 Earnings Forecast, Beats Estimates on Revenue & Net Profit Leading European tech company ASML has given higher guidance for its 2023 outing following a sound Q4 2022 earnings report.

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Ericsson Q4 2022 Earnings Report Sees Income Slide on Waning 5G Equipment Sales in Key Markets

Coinspeaker Ericsson Q4 2022 Earnings Report Sees Income Slide on Waning 5G Equipment Sales in Key Markets Swedish telecoms giant Ericsson says despite its poor Q4 2022 earnings, it sees significant patent revenue growth in the next 24 months.

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Ransomware revenues reduce by 40% as victims refuse to pay in 2022

On Jan. 19, Chainalysis released a report showing that 2022 was an impactful year for fighting cybercrime. Revenue from ransom attacks reduced to $456.8 million from 765.6 million in 2021.  Experts from Chainalysis attribute this considerable drop of 40% to…

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Ethereum unveils Q4 2022 report

The Q4 2022 report for Ethereum describes its 94%network revenue drop relating to the falling crypto prices still yet to recover from last year's bear market.

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Morgan Stanley Posts Q4 2022 Report, Receives Huge Boost from Wealth Management Revenue

Coinspeaker Morgan Stanley Posts Q4 2022 Report, Receives Huge Boost from Wealth Management Revenue New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results.

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Binance’s revenue grew 10x over two years: report

Binance is a global crypto giant, with this outlook reflected in the cryptocurrency exchange’s annual revenue. OKX also saw a 4x organic growth in its revenue over the same period, while Huobi recorded a 98% drop in revenue in 2022 as the bear market decimated multiple crypto-focused businesses.

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Crypto Tax Pushes Indian Users to Switch to Foreign Exchanges; Government Revenue Hurt

India's heavy-handed crypto tax regulations have driven users to international exchanges, according to a non-profit policy think tank report. The post Crypto Tax Pushes Indian Users to Switch to Foreign Exchanges; Government Revenue Hurt appeared first on BeInCrypto.

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Will Uniswap continue to dominate DEX space in 2023? This report suggests...

A new report confirms Uniswap's dominance over other order books and AMMs. Despite the dominance, activity on Uniswap, and the revenue collected on the network have taken a hit. In a recent The post Will Uniswap continue to dominate DEX space in 2023? This report suggests... appeared first on AMBCrypto.

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Countries and institutions move into crypto despite market drop: Report

November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.

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Palantir’s US commercial customers increased 124% year-over-year in Q3

Data analytics software company Palantir’s third-quarter earnings report showed that the company’s revenue increased by 22% year-over-year, mostly thanks to the United States Military, while its United States-based commercial customers increased by 124%.

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Coinbase Reports Higher-Than-Anticipated User Counts Despite Declining Third-Quarter Revenue

The release of the company’s shareholder letter for the third quarter of 2022 was announced today by Coinbase Global, Inc. (the “Company” or “Coinbase”). According to the report, $COIN filed a net loss of $545 Million.  The shareholder’s letter claims…

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AAVE: Q3 performance, 24-hour assessment, and everything in between

Dubbed the “Ghost Protocol,” the downturn in the general cryptocurrency market led to a fall in Aave’s [AAVE] revenue in Q3, Messari found in a new report. In its Q3 assessment of the cryptocThe post AAVE: Q3 performance, 24-hour assessment, and everything in between appeared first on AMBCrypto.

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MicroStrategy Q3 loss narrows, but revenue drops year-over-year; 301 BTC added to portfolio

MicroStrategy released its earnings report for the third quarter of 2022 on November 1, saying it achieved “strong” year-over-year growth in subscription services and “record” growth in subscription billings, but still recorded a YOY drop in revenue with a net loss of $10.

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Why Telegram Will Launch Usernames Auction On TON Network

According to a report from TechCrunch, the social media platform Telegram will auction handles for individual accounts and channels. The company has been taking steps to boost its revenue. Earlier this year, it announced a subscription plan to keep its finance afloat.

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WISeKey Report: Demand for Cybersecurity and IoT Solutions Skyrocketing

WISeKey, a Switzerland-based blockchain, artificial intelligence (AI) and internet of things (IoT) company, has released the Fiscal Year (FY) 2022 Revenue Guidance.

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1INCH: A-Z of how the DeFi protocol fared in Q3; stats might be shocking

Impacted by the general decline in the cryptocurrency ecosystem, 1inch suffered a considerable blow to its trading volume and revenue in Q3, Messari found in a new report.  Launched in May 2019, tThe post 1INCH: A-Z of how the DeFi protocol fared in Q3; stats might be shocking appeared first on AMBCrypto.

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Report: Avalanche's Total Revenue Declined by 94%

A recent report by Messari shows Avalanche’s harsh Q3 2022 stats

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Assessing how Ethereum [ETH] fared in all of Q3

Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Reportedly, Ethereum reThe post Assessing how Ethereum [ETH] fared in all of Q3 appeared first on AMBCrypto.

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3 Ways to Burn SHIB Named by This Prominent Burner: Report

Shibburn has announced three methods it uses for burning Shiba Inu, saying how much of its revenue is spent on burns

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IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes

On September 22, a United States judge granted the Internal Revenue Service’s (IRS) petition that requires M.Y. The post IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes appeared first on CryptoSlate.

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FTX Posted $1 Billion in Revenue Last Year Amid Crypto Rally: Report

Revenues soared 1,000% from just $89 million in 2020, according to internal documents seen by CNBC.

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FTX revenue soared 1,000% amid last year’s crypto craze: report

FTX saw its 2021 revenue grow from $89 million to hit over $1 billion…

The post FTX revenue soared 1,000% amid last year’s crypto craze: report appeared first on CoinJournal.

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Statistics in this crypto crime report might give you goosebumps

The total crypto scam revenue year-to-date currently stands at $1.6 billion as recorded by a recent Chainalysis report. This purports a near 65% decline from the previous year's period which appearThe post Statistics in this crypto crime report might give you goosebumps appeared first on AMBCrypto.

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Hardware wallet industry to outstrip crypto exchanges: Report

Global crypto exchange revenue is estimated to grow at a 13% CAGR by 2028, while the hardware wallet market is expected to exhibit a CAGR of 27% by 2027.

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Bitcoin Energy Consumption Declines as Miners Grapple With Falling Revenue

Bitcoin mining is no longer consuming as much energy as before, according to a Cambridge Bitcoin Electricity Consumption Index report, which shows a 25% decline in energy use since the start of the month.

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Report: Crypto traders potentially owe IRS around $50B in unpaid taxes

A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported.

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Proof-Of-Profit: Ethereum Mining Brings Better ROI Than Bitcoin

Data suggests Ethereum mining has consistently been providing a better ROI than Bitcoin since the beginning of 2021. Mining Ethereum Has Been More Profitable Than Mining Bitcoin According to the latest weekly report from Arcane Research, ETH miners’ revenue has been higher than BTC in the past year.

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Meta’s Revenue Might Have Surged In Recent Q1 Report But Things Are Thick For Its Metaverse

For the second time since its rebrand, Meta posted its Q1 earnings Wednesday, eliciting mixed reactions from investors. But first, the company recorded an increase in Daily Active Users (DAUs) at 1.

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North Korea using hackers to raise revenue via crypto heists

North Korea has been employing hackers to finance some state operations via “crypto heists”, according to a report by cybersecurity firm Mandiant. The post North Korea using hackers to raise revenue via crypto heists appeared first on CryptoSlate.

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Crypto Exchange Revenue Sees 600% Growth, Outshining Traditional Exchanges

A recent report by financial-services consultancy Opimas has shown that the total revenue generated by cryptocurrency exchanges in 2021 outpaced traditional stock exchanges like the New York Stock Exchange and the Nasdaq after recording a 600% growth.

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Coinbase teams up with Turbo Tax to offer tax refunds in BTC

Leading American crypto exchange Coinbase has inked a deal with Turbo Tax to enable crypto adopters to get tax refunds in Bitcoin (BTC/USD) and over 100 other cryptocurrencies. A report unveiled this news on February 3, noting that this initiative seeks to lighten the load for crypto holders as the Internal Revenue Service (IRS) becomes […] The post Coinbase teams up with Turbo Tax to offer tax refunds in BTC appeared first on Invezz.

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Brushing Off Shiba Inu May Have Just Cost Robinhood Millions In Crypto Revenue

Robinhood posted a loss on its crypto revenue in Q4 of 2021, further exacerbating losses occasioned in the third quarter. According to a Thursday earnings report, the trading firm posted $48 million crypto income in Q4 of 2021, which is a 6% decline from the previous quarter, and a step further from a projected revenue […]

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Yield higher profits through the reliable Play2Earn platform BNBMaker

The global gaming market is set to reach $257 billion (Source: Report Linker) by 2025. This revenue does not just come from playing games, but most of it is contributed to in-game purchases. For exampThe post Yield higher profits through the reliable Play2Earn platform BNBMaker appeared first on AMBCrypto.

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The IRS Hopes To Recover Billions In Taxes From Evading NFT Traders

According to a recent report by Bloomberg, the Internal Revenue Service now hopes to net Billions of Dollars in taxes from evading NFT traders. Shilled as the hottest sector now in the crypto ecosystem, the Non-Fungible Tokens (NFTs) market share has been spiraling at an unprecedented rate raking in Billions of dollars, most of which […]

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Rug pulls pushed this year’s crypto scam revenue over $7.7 billion, Chainalysis finds

Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed. The post Rug pulls pushed this year’s crypto scam revenue over $7.

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Community incubator Launchpool Labs announces first metaverse engine incubated project Ozone Metaverse

“The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2 companies worth ~$15 trillion in market value today. ” – Grayscale Metaverse report.

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UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax

HM Revenue and Customs (HMRC) says cryptocurrencies do not qualify as money or commodities and are not exempt from the digital services tax. The tax office has also informed online crypto exchanges that they are subject to the tax, according to a report from The Telegraph, which says it is designed to ensure tech firms […] The post UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax first appeared on BitcoinExchangeGuide.

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Grayscale: Metaverse is $1T annual revenue market

The metaverse can bring in over $1 trillion in annual revenue, stated crypto investment giant Grayscale in a report published on Thursday. The report, titled “The Metaverse, Web 3. 0 Virtual Cloud Economies”, looks into the opportunities created by the junction of trends in lifestyle and gaming with blockchain’s potential to provide digital worlds with infrastructure.

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The IRS Is Looking To Seize Billions Of Dollars Worth Of Cryptocurrency In 2022

Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. “I […]

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IRS Seized Crypto Worth $3.5 Billion This Year, Predicts Even More In 2022

The United States Internal Revenue Service (IRS) on Thursday published its annual Criminal Investigation (CI) report. During the fiscal year of 2021, the agency reported that it seized $3. 5 billion worth of crypto.

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Coinbase Reports $1.2B in Q3 Revenue, 88% From Transaction Fees

Leading U. S. cryptocurrency exchange Coinbase has released its third-quarter financial report revealing it has made over a billion dollars in revenue, most of which is from transaction fees. The post Coinbase Reports $1.

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American payments firm Square logs over $1 billion in Bitcoin revenue

Jack Dorsey’s Square in its recent quarterly earnings report has revealed that the firm made $1. 8 billion in Bitcoin revenue and $42 million in profits.   Square’s Bitcoin quarterly revenue dips for the second time this year  According to the report, the $1.

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Axie Infinity Leads In-Game NFT Boom, DappRadar Q3 report

This report contains many interesting facts on blockchain gaming, with the overall trend to take away being that the industry is growing fast in many areas. Additionally, this report shows that various key players and sub-categories of revenue within the blockchain gaming sector are beginning to emerge.

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Grayscale's Cardano report cites 'iconic founder' but low network fee revenue

With Alonzo launched and the Cardano Summit over, founder Charles Hoskinson announced he was off to a ranch - without Twitter. However, investors didn't forget about Cardano. Grayscale Investments,The post Grayscale's Cardano report cites 'iconic founder' but low network fee revenue appeared first on AMBCrypto.

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