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Over 90% of ETH’s Supply Now in Profit
4.8.2020
More than 90% of ETH’s circulating supply is now in profit. The last time this level was observed was in early 2018 when the price of the cryptocurrency was $925. Research and analytics firm Glassnode reported Monday that the percentage of ETH’s supply in profit has reached a level...
Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors
3.8.2020
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to...
93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday
29.7.2020
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm...
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
20.7.2020
Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients
South Korean Local Stablecoin Operator Posts Record Profits
15.7.2020
Business appears to be booming for a company operating an increasingly large number of South Korean local stablecoins.
Per Fn News, the Korea Minting and Security Printing Corporation (KOMSCO) – the company that has printed banknotes and minted coins for the nation’s treasury for the past 70 or...
Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs
1.7.2020
During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected […]
The post...
Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto
26.6.2020
Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency
SEC Claims Brothers Lied About Digital Asset Fund Performance, Used Profits for Personal Use
19.6.2020
The U.S. Securities and Exchange Commission (SEC) moved on Friday to halt an allegedly-fraudulent digital asset investment fund run by two Pennsylvania brothers
2 in 1 – Learn How to Trade on Derivatives for Free and Win Apple Prizes From CoinDeal Derivatives
17.6.2020
Derivatives trading is one way of generating huge profits in a very short time. This raises the question: How can you learn it at no cost? CoinDeal will allow you to test derivatives for free. This is a unique opportunity to try your hand at margin trading. At first, CoinDeal will launch a DEMO...
Kyber Says its FPR is Uniquely Designed, Allows Market Makers and Developers to Make Profits On-Chain
10.6.2020
On-chain liquidity protocol Kyber Network tweeted on Tuesday that its Federal Price Reserves (FPR) is uniquely designed to allow market makers and advanced developers to generate profits on-chain. In a Medium post on the topic, Kyber stated that FPRs make the market making profitable and feasible...
South Korea to Start Taxing Bitcoin Profits in 2021
29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...
Here's What People Bought With Their Bitcoin Profits
27.5.2020
Cars, pinball machines, virtual private networks (VPN), more cars - these are some of the things people have recently purchased with their bitcoin (BTC) profits.
Some BTC owners are hodlers, some are traders, but all wish to build a world where they own and manage their fortunes and are able...
IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers
26.5.2020
The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles...
Bitflyer Donates Cheezy Pies to Shelters In Honor of BTC Pizza Day
22.5.2020
Taking advantage of a memorable day in cryptocurrency history, BitFlyer decided to donate pizzas to folks in need
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...
Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam
16.5.2020
A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam...
Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle
3.5.2020
Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch
Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies
1.5.2020
Cryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersonate them. London-based bitcoin exchange Coin Corner showed that a fraudulent site mimicking it is allowed on Google’s advertising platform though its own evidence-backed appeals of legitimacy...
Largest US Banks Expect Billions in Loan Losses, Profits Plunge
19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...