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Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
12.5.2023
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause....
Swedbank Strategist Says US Banking Crisis Is Spreading — Warns of More Banks Failing in ‘Vicious Spiral’
7.5.2023
A strategist at Swedbank, a Swedish bank, has warned that the regional banking crisis in the U.S. is spreading. After several bank failures, he stressed that Pacwest Bank, Western Alliance Bank, and First Horizon Bank have all been “subject to financial meltdowns.” Swedbank on U.S. Banking...
What is profit and loss (PnL) and how to calculate it
5.5.2023
PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!
Coinbase remains '100% committed' to US market: Armstrong
5.5.2023
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much
Swissquote offers a chance to earn passive income with trading accounts
1.5.2023
Swissquote is bringing back the chance to earn passive income with trading accounts, effective May 1, 2023. The passive income will be in the form of interest, which any customer can earn with a trading account. Cash deposits in three currencies will fetch interest based on how much balance they...
Elon Musk introduces Twitter monetization avenues for content creators
29.4.2023
The latest user-centric revamp is targeted at improving follower engagement and creating new revenue streams on the social media platform
Anna Stone, Web3 at eToro and Director of GoodDollar.org, on Universal Basic Income (UBI) and Web3 | Ep. 225
28.4.2023
In an exclusive interview with cryptonews.com ,Anna Stone, Web3 at eToro and Director of GoodDollar.org, talks about universal basic income, Web3 Open source code, and the future of financial inclusion....
Read More: Anna Stone, Web3 at eToro and Director of GoodDollar.org, on Universal Basic...
Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation
23.4.2023
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions....
China Fines Bitmain $3.6 Million for Tax Violations, Report
13.4.2023
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...
Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court
1.4.2023
Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court...
CMC Markets expects 290 million pounds in FY2023 income
28.3.2023
CMC Markets is growing as expected. Meaning, things are in line with the mission to register a growth of 30% in the next three years. FY23 is about to end, and CMC Markets appears to be happy with what it has achieved despite the challenges of the last few months. CMC Markets is anticipated...
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
18.3.2023
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital...
'I anti-endorse these projects' — Buterin's shitcoin war sees him sent another 250K
10.3.2023
Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.”
7 ways women can earn passive income through cryptocurrency
8.3.2023
More women are joining crypto by buying Bitcoin and other coins or tokens. Here’s how to make passive income through crypto and boost some returns
MCV x Polygon: An initiative to serve low-income groups
3.3.2023
A section of the population has been unbanked by several ventures, but that is about to change, courtesy of the partnership between Polygon Labs and Mercy Corps Ventures. Both have announced the leverage of innovative blockchain solutions to empower those who are categorized under low-income...
Fixed Income DeFi Platform Term Finance Readies for Business
28.2.2023
Term Labs, the platform's builder, raised a $2.5 million seed round led by Electric Capital with participation from Coinbase Ventures, Circle Ventures and others
CoinShares Sees 2022 Income Plunge 97% to $3.6M
21.2.2023
CoinShares said it had GBP 26 million of its assets on FTX at the time the now bankrupt cryptocurrency exchange halted withdrawals
South Korean YouTuber Received “Millions of Dollars” Worth of Undeclared Crypto Income
15.2.2023
A South Korean YouTuber received “millions of USD” worth of undeclared crypto income, tax officials have stated – following a recent crackdown on social media-based “tax dodgers.”
KBS reported that the National Tax Service (NTS) has launched an “intensive tax investigation” into 84 people...
Income Movement Rightfulshare Says It Has Launched ‘First Unconditional’ Crypto UBI in South Africa
15.2.2023
Rightfulshare, an income equality advocacy movement, recently said it has launched what it describes as the “first unconditional” crypto universal basic income (UBI) transfer. According to Karen Jooste, the crypto UBI not only expands the possibilities for unemployed South Africans...
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...