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Dogecoin Down by 15% in Two Days: Time to Book Profits?
7.9.2021
Dogecoin made a decent high of $0.3517 on August 16, 2021, but the profit booking followed by the next day pushed it back to its support levels. This DOGE price movement back then was indicated as a profit booking opportunity. Such opportunistic price action demands restraint in terms of blind...
Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns
30.8.2021
An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders.
Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...
Prioritizing humanity ahead of profits through NFTs
22.8.2021
Blockchain provides an opportunity to realign the economics of our global system from a profit-driven to a values-driven ecosystem
Coinbase announces $500M crypto buying spree, pledges to invest 10% of future profits into digital assets
20.8.2021
CEO Brian Armstrong expects the percentage of profits spent on cryptos to grow over time
Derivatives Exchange Bitget Opens Global Ambassador Program to Crypto Lovers
18.8.2021
PRESS RELEASE. Top6 Derivatives Exchange Bitget has launched a Global Ambassador Program in its latest announcement. Any crypto enthusiasts, professional traders, crypto community leaders and KOLs can apply to become a Global Ambassador of Bitget. Successful applicants can engage in community...
Coinbase's Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time
11.8.2021
Coinbase beat analyst estimates in Q2, after it generated $2.23 billion in revenue compared to estimates of $1.78 billion
NFT Leaderboard Study Highlights the Crypto Industry’s Leading NFT Collectors
1.8.2021
As the non-fungible token (NFT) space continues to grow, the blockchain analytics Nansen has published a leaderboards list of the top wallets (NFT collectors) that interact with NFTs on a regular basis. The analytics firm combed through 90 million ethereum wallets and found a number of big market...
Japan’s Crypto Titans Post High Crypto Biz Profits, Pivot Towards Altcoins
31.7.2021
Two of Japan’s biggest crypto players – the financial giants the SBI and Monex groups – have posted high crypto profits in their second-quarter reports.
Both firms have a range of diverse crypto interests, both at home and abroad. SBI operates two domestic crypto exchanges: SBI VC Trade and...
Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm
29.7.2021
Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company...
Greenidge Generation will use BTC mining profits to build solar farm
29.7.2021
According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm
Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges
27.7.2021
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto...
NIFTSY, an NFT Venture, Credits $1M in Revenue Profits
19.7.2021
NIFTSY, developed by the NFT ecosystem, is established to enhance liquidity and royalty functionalities. NIFTY has enhanced its offerings through NFT to administer security rooted and a cross-chain mandate that identifies profitable crypto values. Recently it publicly declared that it has earned...
ETH’s London Update Declared EIP Testnet Launches & Profits
5.7.2021
The eminent cryptocurrency token Ethereum (ETH) embarked on its London Update 10 days before, i.e., on June 24, 2021. The setup for bringing investors up to date was positioned on the test net Ropsten. This development occurs at the right time where the sentiment for ETH’s Improvement Proposal...
Kenya Relies on Labor Commodities for Forex Profits
22.6.2021
To amplify Forex profits, The Trade Principal Secretary representative of Kenya declared that the administration bodies have decided to strengthen the payments of the diaspora community through labor trades. The business plan for Forex aims to enhance the structure of the diaspora payments from...
British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin
8.6.2021
British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value” and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From...
Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021
4.6.2021
Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much...
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains
29.5.2021
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers...
Australian tax office: Report crypto profits or else
28.5.2021
The ATO said it already knows who is invested in cryptocurrencies and expects cooperation
Bitcoin price dip below $40K costs Tesla nearly 100% of its BTC profits
19.5.2021
Elon Musk may have egg on his face after his comments effectively erase all the money his company made from buying Bitcoin