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NFT Creators Investigated in Israel for Alleged Tax Evasion
6.3.2023
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western...
Block's Q4 Bitcoin revenue down 7% on crypto price decline
24.2.2023
Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines
Block’s Q4 Bitcoin Revenue Fell 7% Year-Over-Year to $1.83 Billion
23.2.2023
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said
Kraken CEO: Regulators Let Bad Guys Get Big and Blow Up to Serve Their Agenda
22.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys operate with huge competitive advantages. They suck up users, revenue, and venture capital that would...
Coinbase Q4 Revenue Beats Expectations, but Transaction Volume Falls 12% From Q3
21.2.2023
The crypto exchange reported its fourth-quarter earnings on Tuesday after the close
Analysts Expect Coinbase Revenue to Drop 75% for Last Quarter
21.2.2023
Coinbase is expected to report a steep decline in its revenue for the last quarter of 2022 as transactions plummeted and crypto prices dropped to record low levels.
Coinbase is set to report results for the latest quarter of 2022 after the market close on Tuesday. Wall Street analysts expect the...
Crypto Miner Hive Blockchain's Posts Q3 Loss as Ethereum Merge Cuts Revenue, Mining Margin
21.2.2023
The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining
Chainalysis: Crypto Scam Revenue Dropped 46% in 2022
21.2.2023
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam...
Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
17.2.2023
Falling crypto prices caused crypto scam revenue to plummet in 2022, though two scam types managed to persist
Improving Bitcoin Fee Revenue Momentum Could Soon Send an Key Bullish BTC Signal
15.2.2023
The miners who power the Bitcoin network, and are still largely incentivized to do so via the printing of new BTC tokens, are benefitting from an uptick in daily network fees, according to data provided by crypto analytics firm Glassnode. At present the Bitcoin network rewards its miners with 6.25...
Improving Bitcoin Fee Revenue Momentum Could Soon Send an Key Bullish BTC Signal
15.2.2023
The miners who power the Bitcoin network, and are still largely incentivized to do so via the printing of new BTC tokens, are benefitting from an uptick in daily network fees, according to data provided by crypto analytics firm Glassnode. At present the Bitcoin network rewards its miners with 6.25...
Bitcoin hits record 44M non-zero addresses, thanks to Ordinals: Glassnode
14.2.2023
Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes
US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles
13.2.2023
A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S....
Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes
11.2.2023
A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets
Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake
9.2.2023
The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX
Robinhood’s Crypto Revenue Declined 24% to $39M in Q4
8.2.2023
The online trading broker overall missed both earnings and revenues estimates for the quarter
Musk’s Twitter Payment Vision in Tune With Fiat-Crypto Gateway Alchemy Pay
8.2.2023
Elon Musk’s Twitter has fallen into revenue difficulties, hoping to find new sources of revenue outside the original $5 billion a year advertising business model. According to a recent Financial Times report, Musk is betting this ambition for revenue growth on the payments business. He...
Damus to lure in Crypto Twitter with Bitcoin revenue payout option
7.2.2023
The team said that the upcoming feature would be made available in the app's next update but is yet to reveal a timeframe
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division
4.2.2023
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of...
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...