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Biggest Movers: XRP Bulls Take Profits Following 6-Day Winning Streak
20.5.2023
XRP was marginally lower on Saturday, as bulls seemingly secured gains, following a recent six-day winning streak. The token, which has risen by nearly 10% in the past week, remains close to a three-week high. Polkadot remained in the green to start the weekend. XRP XRP, formerly ripple, remained...
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
17.5.2023
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....
Today in Crypto: Ripple Acquires Metaco, Tether to Buy BTC Monthly Using Realized Profits, WazirX Claims Binance Controls WRX
17.5.2023
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: Ripple Acquires Metaco, Tether to Buy BTC Monthly Using Realized Profits, WazirX Claims Binance Controls...
Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence
17.5.2023
Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves.
Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin, in a statement...
Tether to buy Bitcoin based on monthly net profits
17.5.2023
Tether said that Bitcoin’s decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
17.5.2023
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings
First Mover Asia: Crypto's Rotating Profits
17.5.2023
Tether boasts of its financial stability after strong profits, money moved out of banks
15.5.2023
Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism
Pepecoin Drops Nearly 50% From Highs as Traders Likely Taking Profits for Ether
8.5.2023
Some holders have turned pocket change into fortunes after getting into the very early stages of pepe
Memecoin sends BTC fees to the moon, miner profits top $50B and more: Hodler’s Digest, April 30-May 6
6.5.2023
Memecoin hype fuels Bitcoin transaction costs, BTC miners block rewards surpass $50 billion and AI’s “Godfather” warns of technology dangers
Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection
4.5.2023
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance...
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
3.5.2023
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks...
Pepecoin Overtakes Dogecoin, Shiba Inu Trading Volumes as Early Buyers Take Profits
3.5.2023
One trader infamously took on a 50% slippage for getting out of their pepe position
French Crypto Traders Declared $442 Million Worth of Profits in Recent Tax Year – Here's the Latest
27.4.2023
French taxpayers declared some $442 million worth of crypto trading profits in the most recent tax year, per the nation’s tax body.
Per Le Figaro, the figure was “substantial,” but was “10 times lower than the estimates of the gains made in 2021.”
The body made its claim based on the number...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $28,000 as Losses Intensify
21.4.2023
Bitcoin’s downturn continued on Friday, as prices fell for a third consecutive session, leading to a move below $28,000. Market sentiment has shifted in recent days, as traders began taking profits from last week’s high. Ethereum was also lower, and is now trading around the $1,900...
Cardano & Conflux left gasping at TMS Network’s 2240% profits
11.4.2023
As the crypto market expands, competition among blockchain platforms becomes increasingly fierce. Cardano (ADA) and Conflux (CFX) are among the many players vying for a slice of the market pie. However, a new challenger has emerged: TMS Network (TMSN), offering traders a decentralized trading...
Utility and long-term profits top reasons for NFT purchases: CoinGecko study
11.4.2023
NFTs are purchased for a variety of reasons but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits
ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation
5.4.2023
Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have...
Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court
1.4.2023
Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court...