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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
Elon Musk impersonators make bank as crypto scammers' profits surge
18.5.2021
Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate
Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
15.5.2021
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”...
Hungary to Cut Tax on Crypto Profits in Half, Down to 15%
12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...
Axie Infinity player buys two houses in the Philippines from in-game profits
11.5.2021
An Axie Infinity player from the Philippines claims to have purchased two houses with profits earned through playing the crypto-powered play-to-earn game
Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins
5.5.2021
Experts say DOGE traders rotating profits into Robinhood-listed altcoins could be behind the rally in LTC, BCH and ETC
Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds
4.5.2021
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans...
New Jersey County Liquidates Bitcoin Seized in 2018, Profiting Almost 300%
30.4.2021
Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation. Authorities Gained...
SBI doubled crypto business profits in past fiscal year
28.4.2021
SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year
Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits
24.4.2021
South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very...
Anonymous Dogecoin Holder Donates Profits to a Dog Shelter in Florida
23.4.2021
In the last few days, the popular meme-based cryptocurrency has witnessed wild movements across the board, going up and down. An anonymous woman who holds dogecoin and profited from the latest all-time high ($0.44) made a philanthropic maneuver in favor of dogs. Woman Left A “Dogecoin”...
Bitcoin Is Sky-high. Don’t Miss Out on Hundreds of Thousands in BTC Profits
16.4.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Every time we think that the price of Bitcoin has peaked it just seems to shoot up even more and it is now at an all-time high, having pushed through the 64,000 USD barrier for the first time. Not only...