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Upbit Operator Posts Record Profits, Eyes US Expansion
17.12.2021
The South Korean crypto exchange operator Dunamu is set to accrue a tax bill of a whopping KRW 1trn (USD 843m) following the most successful year yet for its Upbit trading platform.
According to Donga, Dunamu posted cumulative operating profits of USD 2.2bn in the first three quarters of...
5 times quickfire crypto traders bought the news for double (or triple) digit profits
11.12.2021
Buy the rumor? It depends how fast you pull the trigger when the news breaks. These mind-bending returns rewarded crypto traders who were fastest on the draw... Here's how you can join them
The Giving Block raises $2.4M for charity on 'CyberGivingTuesday'
2.12.2021
Giving Tuesday marked the start of the season for crypto giving and The Giving Block is leading the crypto fundraising campaign
Government Officials Pressuring Activision Blizzard Are Now Threatening The Company's Profits
1.12.2021
State treasurers from California, Massachusetts, Illinois, Oregon, Delaware, and Nevada are calling on Activision Blizzard to take more serious measures in addressing ongoing high-profile investigations and lawsuits about the company’s troubling culture. According to Axios, said treasurers have...
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...
Moon Landing initiative brings neurodiversity to NFTs and supports art non-profits
26.11.2021
A blend of contemporary popular culture, nostalgia, and empowerment will be the main themes of the NFT exhibit
Miami will hand out free Bitcoin to residents from profits on city coin
12.11.2021
The race to establish America’s biggest crypto hub is intensifying, with Miami emerging as a front-runner by generating millions of dollars in yield from staking Miami Coin
Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment
12.11.2021
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply...
Square's Cash App Bitcoin profits fall 23% — Will opening it to teenagers help?
5.11.2021
Cash App’s Bitcoin profits fell in the third quarter, but overall profits are still on the rise
Trava Finance Is a Groundbreaking Protocol That Lets You Create Lending Pools to Start a Lending Business
4.11.2021
Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online...
Survey finds lower paid workers are quitting jobs thanks to crypto profits
4.11.2021
Almost two thirds of respondents who quit their jobs after making life-changing gains from crypto had a total income of less than $50,000
Digital Currency Group sells $700M of shares for investors to take profits
1.11.2021
Digital Currency Group CEO and founder Barry Silbert didn’t sell any stock in the latest round
Big Miners and Holders Keep Accumulating Bitcoin: Kraken’s ‘Shocktober’ Report
29.10.2021
Mining operators and holders keep accumulating Bitcoin, according to the latest Kraken intelligence report, titled “Shocktober.” In the report, several metrics allude to a bullish view for the months to come. In contrast, mining pool contributors and small miners have taken profits...
Dogecoin jumps 44% in one day as traders rotate Shiba Inu profits into DOGE
28.10.2021
The DOGE price rally appeared after Shiba Inu briefly flipped Dogecoin to become the ninth-largest cryptocurrency by market cap
El Salvador to build $4M veterinary hospital using profits from Bitcoin trust
11.10.2021
Salvadoran president Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust
NFT Tax & ‘Practical Difficulties’ with Crypto Tax In Spotlight In S Korea
8.10.2021
nk" rel="noopener noreferrer" href="https://cryptonews.com/news/seoul-to-hold-firm-on-crypto-tax-launch-suggests-nft-tax-may-follow.htm">reported earlier this week, the Finance Minister and Deputy Prime Minister Hong Nam-ki insisted that the much-maligned 20% levy on crypto trading profits over
Seoul to Hold Firm on Crypto Tax Launch, Suggests NFT Tax May Follow
7.10.2021
dozen or so non-big four crypto exchanges are allowed to go bust.A number of online petitions have called on the government to reverse its bid to begin taxing crypto trading profits at a flat rate of 20% from January 1. Seoul will order tax filings from anyone earning over USD 2,1
AUD Forecast: AUD/USD May Swing After Chinese Industrial Profits
27.9.2021
The Australian dollar might make a comeback against the USD this week. Australian forex brokers are keeping a close eye on Chinese industrial profits to assess AUD’s movements. The profits will be broadcast at 1:30 GMT, deciding AUD’s short-term future. The industrial sector has witnessed gradual...
South Korean Taxman to Be Granted Right to Search Crypto Tax Evaders’ Homes
25.9.2021
oins could be liquidated – and bailiffs could be sent to search their houses.Crypto is not yet taxable in South Korea, but as of January 1, 2022, all crypto profits above USD 2,100 will need to be declared, and traders will be
Mad Money Jim Cramer ‘Begs’ Crypto Investors to Take Profits — Says ‘I Don’t Want You to Lose Money’
23.9.2021
The host of Mad Money, Jim Cramer, is begging crypto investors to take profits on any crypto gains in their portfolios. “I’m begging you to. Don’t let it become a loss,” he said, emphasizing, “I don’t want you to lose money.” Mad Money’s...