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Nalezeno "Q2 earnings": 444

Ripple Says Over-The-Counter XRP Sales Soared 1,700% to $33 Million in Q2


Ripple has reported that over-the-counter sales of its XRP digital currency soared 1,760% to $32.55 million during the second quarter of this year. That figure compares with sales of $1.75 million posted the previous quarter, according to an earnings release published August 3. Ripple said...

Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week


On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang...

South Korean Gov’t May Introduce Capital Gains Tax on Crypto Earnings


The South Korean government could introduce capital gains tax on crypto earnings – and may unveil its proposals as early as next month. Per a report from Digital Today, the South Korean Ministry of Economy and Finance is seriously considering imposing the same sort of tax rules on crypto earnings...

Largest US Banks Expect Billions in Loan Losses, Profits Plunge


Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...

66,000 Spanish Crypto Traders Warned to Pay Tax on their Earnings


Source: Adobe/Hugh O'Neill Either more Spanish citizens than ever before traded in cryptoassets in the past financial year or the country’s tax authorities have become more adept at monitoring citizens’ crypto-related activities. That appears to be the takeaway after Spanish tax authorities said...

How to Navigate the Minefield of Cryptocurrency Taxation


National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed...

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