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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
3.2.2023
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s...
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
30.1.2023
Bitcoin miners have been under duress for more than a year and even with BTC price trading at $24,000, BTC mining stocks could still face challenges throughout 2023
Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts
23.1.2023
Analysts from Moody’s and JPMorgan hailed the exchange for its strong reputation but said it wouldn't be enough to solve its profitability woes
Spacewalkers: Becoming an Investor on the Blockchain – How Can Anyone Invest in the Gaming Industry?
19.1.2023
Spacewalkers, a gaming studio, is revolutionizing the way that investors can participate in the profits of their projects. The company is releasing a series of games and offering the opportunity for anyone to invest in them through the use of blockchain technology. Spacewalkers is an already...
Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits
17.1.2023
The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers.
In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where...
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
15.1.2023
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto...
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
8.1.2023
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding...
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
31.12.2022
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated...
Which coin will bring the most profits – Cardano (ADA), OKB (OKB), or the Orbeon Protocol (ORBN)?
29.12.2022
Investors are beginning to alter their investment philosophies. New initiatives with more excellent development opportunities are currently in demand, as opposed to earlier times when the most popular currencies could only generate profit. We understand this idea is coming true because Cardano...
How are passive investors making 1500% in profits by copying top traders at PrimeXBT?
26.12.2022
With crypto prices dropping, passive investing has become more popular in the cryptocurrency market because it often involves generating interest in digital assets you’re holding anyway. Between DeFi protocols, CeFi platforms, and even crypto staking, these passive investing solutions offer...
Japan set to ease 30% crypto tax on paper profits for token issuers
16.12.2022
As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale
Technical analysis picks for easy profits: SmarterWorx (ARTX), Polygon (MATIC), and Cardano (ADA)
13.12.2022
Technical analysis is the study of historical price movements. Technical traders generally use the process as a confluence or an actual reason to get involved in specific cryptocurrency projects. For efficiency, the trading methodology is effective on large crypto projects with high liquidity...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
2.12.2022
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below...
Italy to impose 26% capital gains tax on crypto profits
1.12.2022
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3)
Italy Wants to Tax Crypto Gains at 26% From 2023
1.12.2022
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
30.11.2022
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only...
Biggest Movers: DOGE Down 10%, XRP Extends Declines
28.11.2022
Dogecoin was down by as much as 10% to start the week, as the token retreated from Sunday’s high. The meme coin raced to a three-week high over the weekend, however bulls appeared to have abandoned their positions, opting to secure profits. Xrp, formerly known as ripple, fell for a third...
Oryen Network tempts investors with a 200% price surge alongside Kava and Polygon
26.11.2022
Some of you might feel down because you think it’s hard to make big bucks on the cryptocurrency market right now. Many tokens are in trouble because they aren’t stable, but you shouldn’t worry. Oryen has built strong footholds in the market to give investors the best return...
Vivacious Oryen Network community sees 150% presale profits – Can ORY beat Dash2Trade, IMPT, or Big Eyes?
24.11.2022
Oryen’s native token ORY has shown a lot of potential since its inception. The ongoing ICO has already made new records of 150% profits to early investors. The novel DeFi project is gradually outshining its key competitors, such as Dash2Trade, IMPT, and Big Eyes, day by day. Oryen’s...