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Nalezeno "Q2 Earnings": 420

South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...

Paypal Launches Business Unit Dedicated To Cryptocurrency

6.2.2021
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money...

PayPal 2020 Results: ‘Outstanding Finish to a Record Year’

3.2.2021
It was the first quarterly earnings report from the payments giant since rolling out its crypto service in late 2020

AdGram Helps Brands Leverage Cryptocurrencies in the Advertising Market

3.2.2021
PRESS RELEASE. The AdGram service was founded a year ago and is currently the largest advertising exchange in Telegram. AdGram helps brands place large advertising volumes in channels and groups quickly and efficiently. Channels and groups benefit from expansion of their audience, it is easy...

Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network

31.1.2021
Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means...

Visa reaffirms commitment to crypto payments & fiat on-ramps

30.1.2021
The payments giant is bullish on stablecoins, but may be overlooking the potential of DeFi

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

21.1.2021
The majority of the new deposits came from cryptocurrency exchange clients

Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst

17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...

JPMorgan Chase execs weigh in on stablecoin regulation, crypto competition

16.1.2021
While the OCC's new stablecoin guidance doesn't have an impact on JPM Coin, it could lead to crypto payments if there's demand

South Korean Politicians Won’t Be Required to Disclose Their Crypto Holdings After Proposals Failed to Pass the National Assembly

6.1.2021
South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in November 2020 According to the Electronic Times, the bills aimed to require...

Coinbase UK Discloses 22% Profit Drop in 2019

9.12.2020
The British arm of the U.S. cryptocurrency exchange saw a sharp downturn in business in 2019

Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies

5.12.2020
Travel booking website Travala saw an increase in revenue of over 503% in November compared to the previous year. Out of all bookings, 72% were paid with cryptocurrencies, with bitcoin being the most popular choice. A Record Month for Travala The up and coming crypto-friendly travel booking website...

Hive Reports $7.4M Q2 Profit as Lower Costs More Than Offset ‘Big Spend’ on Expansion

1.12.2020
Hive shares have gained over 1,200% in 2020

Crypto Broker Voyager’s Q1 Revenue Soars 186%, Assets Under Management Jump to $150 Million

1.12.2020
Crypto asset broker Voyager Digital Ltd reported Monday that revenue for the fiscal first quarter soared 186% to $2 million from $700,000 in the previous quarter, as more users utilized the platform. ● Voyager co-founder and chief executive officer Stephen Ehrlich said the number of people...

Canaan Reports $12M Q3 Loss, Says There’s ‘Rebounding Demand’ for Mining Machines

30.11.2020
Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million

21.11.2020
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion....