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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
ATPBot Launched a Real AI Quantitative Trading Bot
12.5.2023
PRESS RELEASE. Recently, ATPBot, the first truly quantitative trading bot, announced that it can now connect to the Binance API for trading, providing users with more opportunities to trade cryptocurrencies. By registering ATPBot, connect to Binance Exchange, enter your investment amount and earn...
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