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US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success
26.6.2024
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s...
Earning a passive income using crypto: 5 strategies
25.6.2024
In our latest video, we explore five methods for earning passive income with crypto, exploring the pros and cons of each one
Earn passive income from home with GDMining’s free cloud mining
25.6.2024
With the goal of enabling people all over the world to generate passive income from the comfort of their homes, GDMining is excited to introduce its cutting-edge and easily accessible cloud mining services. Since its founding in 2021, GDMining has led the cloud mining sector, fusing renewable...
Brazil’s tax dept to summon info from foreign crypto exchanges: Report
19.6.2024
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
18.6.2024
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such...
How to generate passive income with cryptocurrency airdrops
17.6.2024
Hunting for crypto airdrop opportunities and cashing in on airdrop rewards can be a thrilling way to bag some extra coins, but beware, not every “drop” is gold
Donald Trump Proposes Elimination of US Income Tax, Introduction of Tariffs
14.6.2024
U.S. presidential candidate and former 45th President Donald Trump has been proposing the idea of eliminating the country’s income tax and substituting it with tariffs. Trump Discusses Tariff-Based Revenue System With Republican Lawmakers On June 13, Donald Trump met with Republican lawmakers...
How to generate passive crypto income with masternodes
12.6.2024
Masternodes enable investors to earn a steady passive income by contributing a vast amount of computing power to a blockchain network
MicroStrategy and Michael Saylor settle tax case for $40M
3.6.2024
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia
MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
3.6.2024
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district
Thailand touts new ‘digital nomad’ visa extendable for nearly a year
29.5.2024
The Thai government has announced a new visa class for remote workers that can be extended for up to 360 days, but details on income and tax liabilities are unclear
BlackRock adds own Bitcoin ETF to income and bond funds
29.5.2024
One of the funds was BlackRock’s Strategic Income Opportunities Fund worth over $37.4 billion
Elon says AI will ‘do everything better than you,’ make employment obsolete
24.5.2024
Despite having fathered at least 10 children, Musk also seems to think humans will struggle to find meaning in their lives without employment
Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews
Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
11.5.2024
In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes...
Core Scientific Records $211 Million Net Income in Q1 2024
9.5.2024
Core Scientific reports a turnaround with a net income of $211 million in the first quarter of 2024, marking a recovery from last year's financial losses with 2,825 self-mined Bitcoin.
The post Core Scientific Records $211 Million Net Income in Q1 2024 appeared first on Cryptonews
Robinhood Q1 crypto trading surges 224% — SEC action ‘disappointing’
9.5.2024
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter
Crypto Experts Bulk Up on New Web3 Utility Coin – Next Big Bitcoin Challenger?
7.5.2024
Crypto experts are bulking up on what could be crypto’s best new web3 utility coin ICO Mega Dice (DICE), a fast-growing crypto casino platform that combines aspects of GambleFi, GameFi, is a passive income gem, and has one of web3’s most exciting airdrops.
The post Crypto Experts Bulk Up on...
Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
2.5.2024
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
2.5.2024
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business