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Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2
24.8.2023
In the quarter ended June 30, Exodus' revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions
AI unlikely to destroy jobs, but cost to certain workers may be 'brutal' — UN study
22.8.2023
A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others
Trump’s Crypto Wallet Makes $2.8 Million in Income, FEC Filing Shows
17.8.2023
Former U.S. President Donald Trump has provided new data about his crypto income and holdings in a financial disclosure to the Federal Election Commission (FEC). The submission contains information about the balance of an ethereum wallet, which collects proceeds from the sales of Trump-branded...
Chimpzee Token: A Unique Way to Earn Income, Restore Rainforests, and Protect Wildlife
10.8.2023
People are always looking for meaningful ways to invest their money, and these days, there's a growing trend toward investments that not only bring financial returns but also have a positive impact on the environment. The rise of green investments now fills this need, giving people the ability...
Want passive income? Invest in Polygon, DigiToads, & Cosmos to enjoy staking rewards
1.8.2023
Cryptocurrencies have transformed the investment landscape, offering many unique opportunities for earning passive income beyond the conventional buy-and-hold strategy. One compelling approach is staking, a process that encourages participants to secure a network by holding its tokens and,...
Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M
1.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto...
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: IRS
1.8.2023
The US Internal Revenue Service (IRS) has outlined the latest tax guidance that classifies earnings from crypto staking as taxable income.
Per the Revenue Ruling of 2023-14, issued Monday by the IRS, crypto investors must report rewards earned from staking digital assets as gross income, in...
Crypto staking rewards are taxable once received: IRS
1.8.2023
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain "dominion" over the tokens
Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System
31.7.2023
An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using...
Worldcoin Adoption Said to Be Accelerating; Sam Altman States ‘One Person Getting Verified Every 8 Seconds’
29.7.2023
Worldcoin, the digital ID passport and universal basic income project, is allegedly rising in popularity, with thousands of people said to be signing up and registering. According to Sam Altman, co-founder of the project, one person is currently verified by the iris scanning devices —...
Green Crypto Coin Chimpzee Helps Users Generate Income and Fight Climate Change – How Does it Work?
25.7.2023
Embracing an eco-conscious future is no longer an option but a necessity, with pressing concerns about environmental protection and sustainable practices gaining increased attention globally. A novel approach to this issue is seen with the introduction of green crypto, digital assets that match...
How to earn passive income with peer-to-peer lending
17.7.2023
P2P lending is a way for individuals to lend money directly to other individuals without involving traditional financial institutions, such as banks
Trump Reveals NFT Income, Crypto Holdings in New Disclosure
15.7.2023
Former U.S. President Donald Trump gave a more detailed account of his finances including proceeds from his non-fungible token (NFT) collection. The cryptocurrency balance of an Ethereum wallet has also been declared as part of $1 billion in income received from various sources. Donald Trump...
How to use index funds and ETFs for passive crypto income
14.7.2023
Index funds and ETFs offer attractive options for passive income investing, providing investors with diversified exposure to various crypto assets
Slovakia to Lower Tax on Income From Crypto Holdings
1.7.2023
Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country. Income derived from long-term investments in digital assets will also be relieved from healthcare taxes, the parliamentarians decided. Investors in Slovakia to Pay 7% Tax...
BNB, Avalanche, & Caged Beasts: Your 3 tickets to passive income
21.6.2023
With cryptocurrency continuously developing, it is no surprise that several cryptos are tapping into the exciting world of passive income. Thus, presenting investors with a fascinating chance to diversify their earnings & investment portfolios. Today, we explore three notable contenders:...
Amouranth Follows xQc’s Lead And Leaves Twitch
20.6.2023
Kaitlyn Siragusa—you’ll recognize her as variety streamer Amouranth—is leaving behind 6.4 million Twitch followers behind to stake a new claim on livestreaming platform Kick. Like other streamers fed up with poorly communicated changes around stringent monetization rules and an uncomfortable...
Deutsche Bank Applies for License to Offer Crypto Custody Service
20.6.2023
Deutsche Bank, the largest bank in Germany, is seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. A Deutsche Bank executive explained that the digital asset move is part of the giant lender’s broader strategy to boost fee income. Deutsche...
Grinding out a living: Can blockchain games really offer a sustainable income?
6.6.2023
Blockchain gaming executives believe the law has not yet caught up with the concept of earning a living through gaming