2020-9-26 19:22 |
CEO Steve Ehrlich says this quarter's revenue is on track to double what the company produced in all of its last fiscal year. origin »
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The U. S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions.
2020-9-11 13:00 | |
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Over the weekend, Uniswap clone SushiSwap became the center of attention when its anonymous creator Chef Nomi converted his SUSHI tokens for $13 million worth of Ether. Unlike Uniswap, SushiSwap has its own token SUSHI through which people can earn a portion of the automated money market’s (AMM) revenue by providing liquidity.
2020-9-7 17:45 | |
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The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.
2020-8-31 10:31 | |
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XRP price analysis, Bitcoin (BTC) miners see ?thermocap? climb to $17.5B, and Ethereum (ETH) Co-Founder says Tron (TRX) has 10 times more problems than its brainchild.
2020-7-4 02:31 | |
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BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app.
2020-7-2 11:17 | |
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A Canaan insider says that the Q1 revenue of one of the leading Bitcoin manufacturers plunged 80 percent compared to the previous year
2020-5-19 19:11 | |
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During the first quarter of 2020, Square’s Cash App received $528 million in profits. This is seen from the ‘Q1 2020 Letter to Shareholders’. Twitter CEO and founder of Square, Jack Dorsey says revenue includes both Bitcoin and the fiat payments fees.
2020-5-7 16:52 | |
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Blockstack disclosed that its $23 million revenue in 2019 came almost entirely from Stacks token sales.
2020-4-30 11:00 | |
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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.
2020-4-21 23:07 | |
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Coronavirus, economic contraction and disrupted supply chains are likely driving the decline in Bitcoin-denominated darknet marketplace revenue, says Chainalysis
2020-4-2 12:59 | |
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With investors seeking safety in dollars, stablecoins have seen inflows of more than $2 billion since the crash. But, says our columnist Hasu, zero interest rates threaten business revenue.
2020-3-31 16:12 | |
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Ukraine’s revenue agency has published guidance that says cryptocurrency holdings should be treated as intangible property on tax returns.
2020-3-4 12:00 | |
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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.
2020-2-22 20:00 | |
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For its first full year of operations, Argo says it generated just over $11 million in revenue
2020-1-20 13:10 | |
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The US Treasury Department, which is in charge of government revenue, has been reported to experiment with blockchain tech in order to develop a system that tracks federal grants. The proof-of-concept (PoC) program that’s intended for a blockchain-based grant recipients’ letter of credit is about to be completed, says Craig Fischer, the manager of the […]
2020-1-14 20:46 | |
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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.
2020-1-3 17:00 | |
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The United States’ Internal Revenue Service (IRS) says that a recent meeting with other global tax authorities has given it much deeper insight into how to track those using cryptocurrency to avoid paying taxes.
2019-11-10 08:34 | |
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Her Majesty’s Revenue and Customs has updated cryptocurrency taxation guidelines for businesses and individuals
2019-11-5 00:48 | |
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Apple is set to launch its streaming video subscription service, Apple TV+, on November 1, with a competitive pricing of $4. 99 per month. However, the company might spice things up before taking it live.
2019-10-8 08:24 | |
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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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Chipmaker Nvidia says its business has finally returned to normal after its cryptocurrency mining hangover has subsided. In its latest quarterly financial report, published yesterday, Nvidia posted 17 percent growth in revenue – from $2.
2019-8-16 15:22 | |
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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.
2019-8-9 04:00 | |
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When cryptocurrencies were soaring in value in late 2017 to early 2018, crypto-jacking was all the rage with opportunistic hackers. Thankfully, it’s not been quite as popular in recent times, and recent findings might make it even less so.
2019-8-8 13:20 | |
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From the beginning of August, all Brazilian civilians have to report their crypto transaction to the Department of Federal Revenue (RFB). The Bill to do so was introduced as Normative Instruction No.
2019-8-2 17:42 | |
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It’s been a great year for crypto exchanges, with Coinbase making over a billion in annual revenue. But those good times may soon come to an end, according to the head of a London-based exchange group, who says the largest trading platforms will have to specialize or risk being outperformed by competitors.
2019-7-11 18:09 | |
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Bitfinex, a controversial cryptocurrency exchange that claims to be the largest and most advanced bitcoin trading venue, has announced the commencement of its LEO token buyback program. The exchange says it has successfully used 27 percent of the revenue generated from the sale of Ampleforth tokens on Tokinex, its initial exchange offering (IEO) platform toRead MoreRead More.
2019-7-10 20:00 | |
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The United States of America is beating only Africa when it comes to blockchain technology according to Gartner, the global research firm with $3.3 billion in yearly revenue. They say:...
2019-6-15 19:04 | |
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By CCN Markets: The IRS will soon hunt down bitcoin users who don’t pay taxes by criminally prosecuting them en masse. That’s the prediction of IRS tax investigator Gary Alford, who says the agency is ready to clamp down on crypto tax evaders.
2019-6-14 15:51 | |
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CCN, a leading cryptocurrency website, announced today it is shutting down. CCN asserted that this is due to negative implications from Google search updates which arose this month. According to CCN, Google stopped showing its articles in its search results after Google’s core update… CCN says it lost 90% of their revenue due to lost […]
2019-6-11 23:15 | |
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By CCN: When AT&T became the first major mobile provider to accept bitcoin for bill payments through the AT&T website and the myAT&T mobile app, 150 million AT&T customers received the opportunity to pay their cell phone bill using cryptocurrency.
2019-6-9 16:17 | |
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A global sweep of cryptocurrency tax avoidance schemes is imminent, with the number of active lines of inquiry set to nearly double – or so says a coalition of money laundering investigators from the US, Australia, Britain, Canada, and the Netherlands J5, a team of five countries formed by the US Internal Revenue Service to fight cryptocurrency-powered crimes such as tax fraud, has 60 open investigations, but the Sydney Morning Herald reports it’s now considering additional 50.
2019-6-6 14:40 | |
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With Bitcoin spiking more than 120 percent since the start of 2019, the U. S. Internal Revenue Service (IRS) says it is readying an updated set of guidelines to cover cryptocurrency taxation. IRS Preparing Additional Crypto Tax Guidelines In a letter to a bipartisan group of U.
2019-5-21 18:00 | |
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The Internal Revenue Service is working on its first tax guidance for cryptocurrency since 2014, the agency's commissioner told a lawmaker Monday.
2019-5-21 23:27 | |
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Proponents of the cryptocurrency market have always been at the forefront of breaking the latest updates in the universe, through live streams and direct Ask Me Anything [AMA] sessions. The latest luminary to speak up is Brian Armstrong, CEO of Coinbase, who touched upon the different streams of revenue and Coinbase’s new avenues.
2019-5-17 15:30 | |
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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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By CCN: Tesla (TSLA) has had a poor first quarter in 2019, suffering from various occurrences such as the reported explosion of a Tesla Model 3 in China and a big miss on earnings. From January to March, Tesla was expected to generate a revenue of $5.
2019-5-2 01:45 | |
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China’s massive retailer with $67 billion in yearly revenue, JD.com, says chicken sales have doubled since they’ve put them on the blockchain. “JD fits each chicken with a specially designed...
2019-4-26 17:35 | |
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A look at the search for additional revenue streams from crypto investments, and what that says about the evolution of the asset class.
2019-4-7 11:15 | |
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The Canada Revenue Agency (CRA) is targeting users of Bitcoin (BTC) and other crypto assets in its latest series of audits — starting with a 13-page questionnaire. Time for Bitcoin Users in Canada to Pay Their Taxes According to an article in Forbes yesterday, Bitcoin researcher and writer Kyle Torpey revealed that the CRA is cracking down on Bitcoin (BTC) and other crypto-asset users in Canada.
2019-3-8 05:00 | |
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It is official, Kroger, the $22. 35B, the US largest supermarket chain by revenue complete with 3,028 locations effectively becoming the fourth largest private employer is officially tired of Visa credit cards.
2019-3-5 23:53 | |
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After Coinbase Failed To Abide By IRS Notice 2014-21, Longtime Trader Filed Official Complaint The United States Internal Revenue Service has certain requirements for the cryptocurrency industry, though they are still sorting out certain regulations.
2019-3-2 20:32 | |
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The Bitcoin payment processor BitPay receives most of its revenue from Bitcoin (BTC), the largest and most popular virtual currency in the market. The information was released by the CEO of the company, Stephen Pair, during a recent panel.
2019-2-20 19:22 | |
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Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall.
2019-2-15 13:20 | |
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Intercontinental Exchange (ICE), the parent company of Bakkt, the soon-to-be launched cryptocurrency trading platform offering physically settled Bitcoin futures,… The post ICE CEO Reports Record-Breaking Revenue, Says Bakkt Will Contribute Even More appeared first on Invest In Blockchain.
2019-2-9 15:20 | |
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Chipmaker Nvidia has had a tough time since the cryptocurrency market crashed. In November Nvidia’s stock price dropped by 19% and then it fell by a further 50% in December. The cause was an excess inventory of Pascal cards they produced for cryptocurrency miners in anticipation of high demand.
2019-2-5 16:09 | |
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An analyst at RBC Capital Markets claims Nvidia made “$1. 95 billion in total revenue related to crypto/blockchain,” significantly more than Nvidia’s reported $602 million. Mitch Stevens of RBC says from April.
2019-2-2 16:31 | |
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Nvidia has cut its 4Q revenue forecast, which already factored in reduced demand for GPUs used in crypto mining.
2019-1-29 23:30 | |
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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.
2019-1-24 20:28 | |
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GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review.
2018-12-26 17:00 | |
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The NBA's Victor Oladipo and racecar driver Landon Cassill also struck deals, and a group of Voyager investors said this was the "first tranche" of settlements with promoters of the former cryptocurrency lender.
In an interesting development, FTX creditors have launched a class action lawsuit against Sullivan and Cromwell (S&C), the law firm that is currently responsible for handling the bankruptcy proceedings of the defunct exchange.
The native token [VGX] of bankrupt crypto brokerage firm Voyager Digital surged by 19% on Friday after on-chain data revealed that a Voyager wallet sent 52 million tokens ($7.3 million) to a burn address.
The US Commodity Futures Trading Commission (CFTC) has taken legal action against Voyager Digital and its former CEO, Stephen Ehrlich. The CFTC filed a complaint in the US District Court for the Southern District of New York, alleging fraud and registration failures related to the operation of the Voyager digital asset platform and an unregistered commodity pool.
Stephen Ehrlich, the co-founder of Voyager Digital, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for alleged violations of derivatives regulations. Bloomberg has revealed that the CFTC’s enforcement division staff conducted a probe into Ehrlich’s conduct, concluding that he misled customers regarding the safety of their assets. Voyager Co-founder Found In […]
Crypto exchange Coinbase has attracted significant attention because of Voyager Digital, a cryptocurrency organization currently grappling with financial distress. Voyager’s unexpected move of transferring a substantial portion of its assets to Coinbase has sparked considerable interest.
Voyager Digital has been busy in recent months as it looks to sell its remaining crypto holdings on centralized exchanges. In its latest move, the bankrupt crypto brokerage has transferred millions in SHIB and ETH to Coinbase.