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Nalezeno "Q2 Revenue": 1273

South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

3.6.2021
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection...

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...

Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1

27.5.2021
Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker...

Voyager Digital sees 16X increase in quarterly revenue, first operating profit

26.5.2021
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021

Uniswap v3 flips v2 on volume — and both versions flip Bitcoin on fee revenue

26.5.2021
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin

South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them

19.5.2021
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move...

Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’

18.5.2021
Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase...

Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021

17.5.2021
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter...

IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns

14.5.2021
An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure &...

Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances

14.5.2021
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month. Payment Gateways...

Coinbase revenue tripled in Q1, plans to add bank-like services and to list DOGE

14.5.2021
During the first quarter, Coinbase’s active users increased by 120% while trade volumes tripled

Binance Faces DOJ Probe as Investigators Target Crypto Money Laundering and Tax Evasion

13.5.2021
Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions. The investigation will also include inquiries from the Internal Revenue Service (IRS), which...

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...

Uniswap flips Bitcoin on daily revenue... and it’s more impressive than you think

12.5.2021
Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average

Square’s earnings 2.5X expectations, Bitcoin revenue up 1000% in 12 months

7.5.2021
Square’s quarterly earnings beat out expectations by more than double thanks to Bitcoin’s dramatic rally

Court Authorizes IRS to Summon User Records From Kraken Cryptocurrency Exchange

6.5.2021
The Internal Revenue Service (IRS) has obtained court authorization to serve a John Doe summons on cryptocurrency exchange Kraken. The tax agency is seeking data of users with $20,000 or more in cryptocurrency transactions during the years 2016 to 2020. IRS Wants User Information From Crypto...