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Prices in Dollars Rose Almost 54% in Venezuela During 2022
10.1.2023
Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close to 54% during 2022, affecting the income and savings of Venezuelans that have been using the U.S....
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
8.1.2023
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding...
Buenos Aires to Tax Cryptocurrency Mining in 2023
23.12.2022
The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a taxable activity that will levy 4% on the income calculated via these operations. However, it is still unclear...
Free Talk Live Co-Host Ian Freeman Found Guilty in Federal Crypto Trial
23.12.2022
After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertarian activist, Ian Freeman, the last member of the Crypto Six case to be tried...
HEXN․IO: New Opportunity to Earn Passive Income Through Crypto
15.12.2022
PRESS RELEASE. Crypto enthusiasts are constantly looking for new options to get passive income with crypto, but this task has become quite challenging recently. Making money on the coins’ growth is not easy when the market is down, while to manage assets by yourself, you need to have...
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report
7.12.2022
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...
Metaverse is a new frontier for earning passive income
28.11.2022
Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
23.11.2022
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets...
Singapore Bank DBS Completes Fixed Income Trade on JPMorgan's Blockchain Network Onyx
23.11.2022
Singaporean bank DBS is the latest big bank to harness JPMorgan's blockchain-based fixed income trading network Onyx, becoming the first Asian bank to do so
Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
14.11.2022
Canaan (CAN), a producer of bitcoin mining equipment, said net income slumped 88% in the third quarter due to "negative market dynamics."
Matrixport's BTC Fixed Income Product Affected by FTX's Collapse
11.11.2022
The firm faces no risks of insolvency, Matrixport's spokesperson told CoinDesk
Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro
10.11.2022
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...
Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils
7.11.2022
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside...
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
3.11.2022
If adopted, the move would mean cryptocurrency gains and losses would directly impact companies’ earnings
India Considers Taxing Crypto Income From Businesses Headquartered Elsewhere
2.11.2022
India’s taxation authority has proposed new changes to the filing of income tax returns that could have a significant impact on those holding virtual digital assets (VDAs) or cryptocurrencies or possibly even investments in DAOs (Decentralized Autonomous Organizations)
Coinbase’s Interest Income May Be Bright Spot Amid Challenging Third Quarter
2.11.2022
Trading volumes likely remained soft again, but analysts are on the lookout for how much interest income Coinbase can earn, particularly from stablecoins
India’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms
1.11.2022
India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can...
How to earn passive crypto income with Ethereum?
29.10.2022
Passive income opportunities allow ETH investors and traders to offset losses during periods of market volatility
Silvergate's Q3 Net Income and Revenue Jumps 73%
18.10.2022
The digital asset bank grew its customer base to 1,677 during Q3
Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country
13.10.2022
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament...