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Ethereum and Lido Finance Dominate Revenue Generation as Prices Soar
29.5.2023
The Ethereum (ETH) network and staking provider Lido Finance (LDO) are among the biggest revenue generators in the world of decentralized finance (DeFi), a ranking by data provider Token Terminal has shown.
In the ranking, Ethereum came in on top with a 30-day revenue generation of $370.6 million...
Blockchain-Based Re-Usable KYC ‘Particularly Valuable in Web3’ — Cheqd CEO Fraser Edward
28.5.2023
According to Fraser Edward, the CEO and co-founder of the public permissionless network, Cheqd, one of the main hurdles faced when attempting to move data stored on Web2 servers to Web3 is “establishing a clear and scalable revenue model.” Edward however suggested overcoming this hurdle...
2024 US Presidential Candidate Ron DeSantis Says IRS Is ‘Corrupt,’ Insisting America Needs ‘Something Totally Different’
28.5.2023
Florida’s 46th Governor, Ron DeSantis, recently declared his candidacy for the U.S. presidency in 2024 and has since participated in several interviews. While conversing with Dana Loesch on The Dana Show, DeSantis criticized the U.S. Internal Revenue Service (IRS) as a “corrupt...
Binance Accused of Mixing Company Revenue with Customer Money In U.S
24.5.2023
The world’s largest crypto exchange, Binance, has mixed company revenues with customer funds in the US, according to a Reuters report.
The comingling of customer funds and company revenues happened “almost daily” in bank accounts the exchange had at the now-bankrupt crypto-friendly bank...
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
14.5.2023
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine...
IRS, Chainalysis and Ukraine Targeting Russian Crypto Sanctions Evaders Jointly
11.5.2023
The U.S. Internal Revenue Service and crypto investigations company Chainalysis are working with Ukraine to target Russian oligarchs using crypto to evade sanctions
Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long
11.5.2023
The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners
8 smart strategies for effectively explaining a blockchain scaling solution
11.5.2023
Non-experts are much more likely to grasp the value of a scaling solution if it’s related to something they already understand
How the IRS seized $10B worth of crypto using blockchain analytics
11.5.2023
A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes
Robinhood's Crypto Revenue Down 30% Year-Over-Year in Q1
11.5.2023
The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% compared to the figure of $8.4 billion for Q4 2022
Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite
11.5.2023
The mining firm had to turn off about 8,000 machines in Ontario due to a dispute with its energy provider in mid-November
FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service
11.5.2023
The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.
According to recent bankruptcy filings, the IRS has put forth a total of 45 claims against FTX companies related to unpaid taxes which could...
Robinhood's Q1 crypto revenue drops 30% from the previous year
11.5.2023
The money coming in for the trading app's crypto business reached $38 million over the first quarter of 2023, down from $54 million in Q1 2022
U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
10.5.2023
The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes
Arbitrum's DAO to receive over 3,350 ETH revenue from transaction fees
10.5.2023
Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum's team and its community
TMS Network outpaces Dogecoin & XRP with unbelievable revenue spike
9.5.2023
Dogecoin (DOGE) and XRP have been in the headlines lately, which led to a large amount of price volatility for both of these crypto assets, but now TMS Network (TMSN) is taking center stage. TMS Network is only in the second phase of its token presale, but it has already raised more than...
Today in Crypto: Voyager Might Start Fund Distribution in ‘Few Weeks’, Jack Dorsey’s Cash App Posts $2.16B in BTC Revenue for Q1, UK Continues Crypto ATM Crackdown
5.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Voyager Might Start Fund Distribution in ‘Few Weeks’, Jack Dorsey’s Cash App Posts $2.16B in BTC Revenue...
Report Says Pokémon Go Hit Its Lowest Revenue In 5 Years, But Niantic Denies It
5.5.2023
Pokémon Go finds itself in a new controversy, this time over whether or not is revenue is down. Using data from market research tool AppMagic, Mobilegamer.biz reported that Pokémon Go’s revenue for the month of April was down to $34.7 million, which would be the game’s lowest monthly total since...
What is profit and loss (PnL) and how to calculate it
5.5.2023
PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!