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Kraken to Release User Data to IRS in Compliance with June Court Mandate
27.10.2023
Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...
Binance Founder CZ's Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg
27.10.2023
Changpeng Zhao's wealth dropped to $17.2 billion from a previous estimate of $29.1 billion
Revenue for TRON DAO goes up by 14% in Q3
27.10.2023
Justin Sun has published numbers for revenue and profit for the third quarter, with both of them meeting expectations and setting the right tone for the final quarter of 2023. Sun has said that the group has collectively registered an increase of 14% in revenue for Q3-2023. The Justin Sun group...
NFL Rivals Crypto Game Hits 3 Million Players as Revenue Surges – Adoption on the Rise?
25.10.2023
Popular blockchain-based game NFL Rivals is nearing 3 million signups, just four months after reaching the 1 million milestone.
"We’re closing in on 3 million [new players]," John Linden told The Block.
Linden is an industry veteran and the CEO of Mythical Games, the gaming studio behind...
Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto
13.10.2023
Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens....
Read More: Coinbase Raises Concerns Over Proposed...
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
13.10.2023
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...
Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone
2.10.2023
Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.
Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase’s Base.
According to Dune Analytics, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where...
Friend.tech revenue surges over 10,000 ETH, TVL tops 30,000 ETH
2.10.2023
The decentralized social media platform has continued to thrive since it launched in the second week of August and has hit multiple new highs despite critics predicting its downfall
Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections
29.9.2023
Epic Games, the creator of Battle Royale Smash, Fortnite, is cutting off approximately 830 staff, or 16% of its workforce, as it looks to reduce its costs and create a viable financial ecosystem for the company.
On Thursday, CEO Tim Sweeney confirmed this in a memo later in a blog post....
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
27.9.2023
Inscriptions have been acting more as a "packing filler," stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm
Ordinals Creator Casey Rodarmor Introduces ‘Runes,’ New Fungible Token Protocol for Bitcoin
26.9.2023
Casey Rodarmor, creator of Bitcoin Ordinal inscriptions, introduced a new fungible token protocol named Runes in a blog post September 25, 2023. Although uncertain if it’s a “good idea,” Rodarmor believes a robust fungible token protocol could “bring significant transaction...
Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
22.9.2023
ETH has given up its deflationary status as network fees are falling, putting pressure on the price of the second largest cryptocurrency
Is Ethereum Outshining Bitcoin in Terms of Fees? Crypto Voices Share Thoughts
10.9.2023
Lately, the crypto sphere, with bitcoin aficionados in particular, has been buzzing with chatter about the fees pocketed by BTC miners. They’re pondering if these fees will adequately offset the impending 2024 halving and the accompanying drop in revenue. On the other hand, Ethereum,...
Bitcoin Miners Consider Hedging Options for Revenue Stability
6.9.2023
Bitcoin (BTC) miners are considering hedging options to protect their revenue stability amidst the volatility of the cryptocurrency market.
GSR, a leading firm in the trading and market-making space, is pitching hedging products that would provide miners with a more predictable income....
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Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
29.8.2023
Bitcoin mining firm Canaan posts second quarter financials, with Bitcoin mining revenue up 43% from Q1 2023, though net loss also rose 31% to $110 million
Bitcoin revenue per terahash nears record lows as hashrate soars
28.8.2023
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability
OnlyFans’ parent company bought $20M of Ethereum as revenue surged
28.8.2023
Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022
Exodus Records Solid Q2 with $12.4 Million Revenue – Crypto Wallets Making a Comeback?
25.8.2023
Crypto wallet company Exodus recorded a revenue of $12.4 million in the second quarter, experiencing a 4% decline compared to the previous year, the company announced on Tuesday.
Despite the revenue dip, Exodus achieved a net income of $1.9 million, a significant outcome that was influenced...
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
25.8.2023
An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...