Grayscale's Cardano report cites 'iconic founder' but low network fee revenue

With Alonzo launched and the Cardano Summit over, founder Charles Hoskinson announced he was off to a ranch - without Twitter. However, investors didn't forget about Cardano. Grayscale Investments,The post Grayscale's Cardano report cites 'iconic founder' but low network fee revenue appeared first on AMBCrypto.

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The 100x ROI for Gamezone’s $GZONE Confirms the Viability of Blockchain Gaming

Traditionally, an IDO will give investors a new token that has future profit potential. However, with Gamezone and $GZONE, the concept goes much further than that. It is a way to earn passive revenue, generate profit potential, and access the future of blockchain gaming rolled into one.

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62% Of Financial Institutions Plan To Invest In Crypto In 2022: Survey

Cryptocurrency investments are becoming more and more attractive to institutional investors who are now looking to grow their revenue long-term by moving into crypto products. A new survey by European investment firm Nickel Digital Asset Management found that 62% of institutions with no exposure to crypto will make their first investments within one year. Nickel […]

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Robinhood Stock Dips After Crypto Boom Warning

Robinhood stock took a dip after the company warned investors of a short-lived revenue surge due to the crypto boom. The post Robinhood Stock Dips After Crypto Boom Warning appeared first on BeInCrypto.

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Staking Will Gain Traction as Institutional Revenue Source, Says JPMorgan Analysts

Two senior analysts at JPMorgan say that staking will gain traction as a source of revenue for both institutional and retail investors. The post Staking Will Gain Traction as Institutional Revenue Source, Says JPMorgan Analysts appeared first on BeInCrypto.

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JPMorgan: Ethereum 2.0 Launch Would Boost Staking Economy

Jamie Dimon and JPMorgan analysts have predicted that a successful launch of Ethereum 2.0 will significantly boost the staking economy. The financial experts have argued that Eth2.0 could balloon the crypto industry’s annual revenue to over $40 billion by 2025, as staking offers both retail and institutional investors a juicy money-making opportunity, reports Forbes onRead More

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Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

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 to report profits and losses from their cryptocurrency transactions. Tax Office […]

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

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.

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NYDIG and FIS Partner to Bring Bitcoin to Bank Accounts

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Coinbase’s Active Users Spiked 117%, Sending Q1 2021 Revenue To A Whopping $1.8B

Telling prospective investors that your cryptocurrency exchange made an insane $1. 8 billion during the first three months of the year is certainly an optimal way of marketing your company just days before its Nasdaq listing.

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IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income

The U. S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking.

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What Coinbase Going Public Could Do For Crypto

Coinbase, the biggest US-based cryptocurrency exchange has disclosed its detailed plan for the upcoming direct listing on the stock market by Nasqad.  Coinbase submitted an S-1 report to the US SEC outlining key information such as revenue and ownership structure for investors to carry out due diligence on the company.

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U.K. tax authorities eye crypto assets in up-and-coming budget

According to chartered accountants HillierHopkins, Her Majesty’s Revenue and Customs (HMRC) will target crypto investors in the up-and-coming budget on March 3. The post U.K. tax authorities eye crypto assets in up-and-coming budget appeared first on CryptoSlate.

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South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders

South Africa is the latest country to come down on cryptocurrency investors, with the South African Revenue Service (SARS) sending audit requests to taxpayers, requesting them to disclose cryptocurrenThe post South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders appeared first on AMBCrypto.

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Microsoft Strong Ad Revenue Drives Optimism Among Alphabet & Facebook Investors

Continue reading at Coinspeaker

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Vaneck Files for Crypto ETF That Gives Investors Exposure to Equity in Digital Asset Companies

The exchange-traded fund provider, Vaneck has filed for a Digital Asset ETF, which aims to hold equity in companies that generate revenue from cryptocurrency services. The latest ETF filing is different from the fund Vaneck applied for in mid-December, as it aims to bring investors exposure to the cryptocurrency industry. Last December, the asset manager, […]

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Blockchain Bites: $187M Blockchain Bond, $522M BTC Mining Revenue and ‘Ethereum-First’ Institutional Investors

Singapore is funding blockchain R&D. Germany's second-largest stock exchange's crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of "Ethereum-first" institutional buyers.

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Law Firm Warns That IRS Is Cracking Down On Coinbase Users Evading Taxes

David W. Klasing, a boutique Californian tax firm, had its Tax Law Office issue out a public release. This release warned investors that the US Internal Revenue Service, or IRS, is going to start a severe bout with users of Coinbase.

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Cryptocurrency News Roundup for August 26, 2020

It looks like the U. S. Internal Revenue Service (IRS) has resumed its controversial campaign of sending letters to cryptocurrency holders. Just as seen in 2019, the purpose of these letters is to warn crypto investors against dodging taxes on their digital asset holdings.

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The Internal Revenue Service (IRS) Sends Out ‘Crypto Tax Compliance’ Letters To Investors

The U.S. Internal Revenue Service (IRS) is once again sending out letters to cryptocurrency investors notifying them to pay their taxes and those that haven’t filed their taxes correctly. The taxman is increasing its efforts in collecting crypto transaction taxes, and those yet to file could be subject to “future civil and criminal enforcement activity. […]

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US: IRS Considering Asking Every Citizen If they Ever Used Cryptocurrency

The US taxation watchdog is tightening the noose around crypto investors. IRS Wants to Know About Your Crypto Indulgences The US Internal Revenue System (IRS) recently released drafts of its income tax forms for 2020 which particularly asks all taxpayers whether they ever bought any crypto.

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Bitcoin Lending Startup BlockFi Raises $50 Million in New Funding

Coinspeaker Bitcoin Lending Startup BlockFi Raises $50 Million in New FundingBlockFi has managed to attract new funding from investors. At the moment, BlockFi has $1. 5 billion in crypto assets on its lending platform and is producing a little less than $10 million per month in revenue.

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Nvidia Accused of Trying to Discredit Ex-Employee in Crypto Mining Revenue Trial

Investors suing Nvidia have opposed a motion from the U.S. chipmaker that would shut out the testimony from an ex-employee.

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Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action

NVidia has petitioned the California court to dismiss the class action suit made by its investors. The lawsuit against the firm’s top brass alleges that they understated more than $1 Billion in revenue between 2017 and 2018 from crypto mining GPUs instead of owing it to the gaming sector.

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Resigned Wirecard CEO Detained by Police as $2.1B Fraud Threatens Company

The CEO of Wirecard, who resigned recently, was arrested by German police under accusations of conspiring to inflate assets and revenue to entice investors.

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Nvidia Faces a Lawsuit Over its Crypto Mining Revenue

When Nvidia decided to put more effort into its cryptocurrency mining-oriented GPU products, there were some concerns by investors. Several months later, the concerns proved justified, and Nvidia is now facing a major lawsuit.

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Last Time This Bitcoin Metric Flashed Green, Investors Had 'Outsized' Returns

The severe drop in mining revenue might mark the start of a Bitcoin bull run that could be reminiscent of its previous cycles

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Cash App-Fueled Bitcoin Revenue a Bright Spot in Square’s Tough Quarter

Investors are fleeing Square’s stock after the company reported disappointing first-quarter earnings. Shares in after hours are down nearly 7%, as COVID-related struggles overshadowed the brightest spot in the earnings report — Bitcoin revenue.

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USD Stablecoins Are Surging, but Zero Interest Rates Complicate Business Model

With investors seeking safety in dollars, stablecoins have seen inflows of more than $2 billion since the crash. But, says our columnist Hasu, zero interest rates threaten business revenue.

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Trade-mate.io allows its users to amplify their revenue with the best exchanges in the business

"Maximum revenue can be obtained by investors when they join different social groups, which allows them to compare information obtained from multiple networks. In the world of social media, as in realThe post Trade-mate.

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Latest Updates on the Possible Cloud Token Exit Scam as Users Experience Withdrawal Delays

Cloud Token is a platform that describes itself on its website as a “decentralized wallet.” Allegedly, according to a Behind MLM report. the platform is changing its approach of trading revenue to pay investors to a mandatory SIM card service and Ronald Aai confirmed when such a change happens, the company ceases company-funded withdrawals. Withdrawals […]

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Stitch Fix (SFIX) Had a Bad Quarter and Insiders Are Dumping Unicorn Shares

Custom-clothing online retailer Stitch Fix released its third-quarter earnings yesterday after the markets closed. The company’s stock declined by almost ten percent as the company missed the consensus revenue estimate.

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New IRS Notice Could Be Trouble For Crypto Investors but Revenue Service Says It’s Not An Audit

The U. S. Internal Revenue System (IRS) has recently posted a new video on social media talking about the CP2000 notices it sent to people who did not pay their taxes as they should. This has troubled crypto investors, as most of them did not know how to pay their taxes due to lack of […]

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Blockchain Investors Have New Criteria For Funding Decisions: “Revenue Generation”

Blockchain investors’ tastes are changing, it appears. A new report reveals some interesting numbers regarding the quantity of money flowing into blockchain since 2013, with more than $23 billion mostly piling into early-round investment.

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No More “Warning” from IRS to Crypto Taxpayers

Crypto investors receiving new letters from the IRS Anytime a mismatch is detected between the trading profit & losses reported by the taxpayer & info received from third party, letters are sent Internal Revenue Service (IRX) is not going to rest until it has wrung every single dollar that a crypto owner needs to pay […]

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Wealth and Tax Advisor Says IRS May Be Targeting Crypto Traders, Not Investors

By now, most crypto investors know that the United States government has begun to crack down on the crypto industry, and has begun targeting those who have used Bitcoin and other crypto-assets for illicit crime.

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Uber and Lyft Threaten Duopoly, Rideshare Customers Cry Foul

Lyft Chief Financial Officer Brian Roberts claims that losses the company suffered in 2018 were very likely the “peak” with better times around the corner. On a call with investors, Roberts said that an increase in revenue per rider was behind Q2 earnings completely smashing Wall Street expectations.

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Is the IRS crackdown on crypto traders a sign of a maturing market?

The Internal Revenue Service (IRS) reportedly sent letters to over 10,000 crypto asset investors in the US to remind them to pay any outstanding taxes on cryptocurrency earnings.

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Electronic Arts Rises on Earnings Because Games Are Killing It

Electronic Arts delivered middling earnings and a revenue beat, which investors apparently approve of enough to send the stock higher by 5 percent in after-hours trading.   With the gaming industry constantly going through changes, it’s critical to stay on top of what the numbers say and mean in order to avoid getting caught in […] The post Electronic Arts Rises on Earnings Because Games Are Killing It appeared first on CCN Markets

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Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy

Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors.

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GlobalCoin Crypto Among Facebook’s ‘Most Important’ Launches, Squeals Banker

By CCN Markets: Analysts at Royal Bank of Canada (RBC) Capital Markets predict that Facebook’s upcoming cryptocurrency, GlobalCoin, could be the company’s most significant achievement yet.

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This Uber Scam Adds Insult to Injury for Investors After $1 Billion Loss

By CCN: As expected, Uber’s earning report delivered a quarterly loss of $1 billion. Management must be working out how to dupe drivers into generating more revenue for the ridesharing play as traders pile on to short the stock.

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Apple’s Stock Could Crash and Take the Broader Market Down Too

By CCN: Morgan Stanley analyst Katy Huberty delivered mixed messages regarding Apple’s stock this week. With Apple’s stock closing at $178 on Thursday, she downgraded the price target from $240 to $231.

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Brazil: Criminal gang dupes 55,000 Brazilians of over $200 million via crypto-investment scheme

Federal Revenue Service, the financial governing body of Brazil, announced that a criminal gang duped 55,000 investors by swindling over $200 million. All of these investors were duped by the gang by promising exponential returns, the FRS stated.

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55,000 Brazilians scammed out of $200M+ worth of fake cryptocurrency

A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank.

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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Hearsts’ Marscha Krouwel: Female-led companies get less funding but make more revenue

We’re coming to you live from day one of TNW 2019, our flagship conference in Amsterdam. Up next is Marsha Krouwel, Hearst Magazines’ publishing group director and Lead Scout and Advisory Board Member.

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Lyft Conceals Key Data to ‘Avoid Investor Confusion’ as Stock Withers

By CCN: Lyft’s first earnings report was downright ugly, and not just because the company lost $1 billion in a single quarter. Investors expected a less-than-stellar balance sheet, but it was the backhanded slap in the face a company executive delivered to investors that leaves questions about the rideshare darling’s transparency.

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Bitfinex Releases White Paper for LEO Token Sale

Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO).

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