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Bitflyer Donates Cheezy Pies to Shelters In Honor of BTC Pizza Day
22.5.2020
Taking advantage of a memorable day in cryptocurrency history, BitFlyer decided to donate pizzas to folks in need
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...
Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam
16.5.2020
A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam...
Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle
3.5.2020
Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch
Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies
1.5.2020
Cryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersonate them. London-based bitcoin exchange Coin Corner showed that a fraudulent site mimicking it is allowed on Google’s advertising platform though its own evidence-backed appeals of legitimacy...
Largest US Banks Expect Billions in Loan Losses, Profits Plunge
19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...
Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Assets
18.4.2020
During the last 12 months, large cryptocurrency exchanges have been getting into digital currency staking and creating SHA256 mining operations. Just recently, Binance announced the launch of its mining pool following exchanges like Okex, and Huobi. Alongside this, a great number of crypto...
CZ Says Binance Invested One Quarter of Its Profits Last Year
13.4.2020
In a recent interview, Binance CEO Changpeng Zhao said that his exchange reinvests one quarter of its profits each year into expansions and acquisitions
Bitcoin SV’s First Halving Crimps Profits for BSV Miners
10.4.2020
Bitcoin SV, the network that split off from the Bitcoin Cash blockchain in late 2018, has cut its miners’ block reward in half for the first time
Stellar to Match XLM Donations to Six Non-Profits During April
6.4.2020
The Tor Project is among six non-profits who will receive matched XLM from the Stellar Development Foundation during April
BTC Hashrate Follows Price Drop – 20% Lower Before Bitcoin Halving
16.3.2020
Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has affected bitcoin miners as they are making fewer profits than they were a week prior. By Monday, March 16, BTC’s hashrate slid below the 100 exahash (EH/s)...
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits
12.3.2020
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts....
+1825% Profits Per Year: A Quick Interview with Bitsmax CEO - David Harding
29.1.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com
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Today our portal had the opportunity to interview the founder of the bitsmax.ltd platform - David Harding.
- Tell us David, there is a lot of talk about your platform’s role in the revolutionary...
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
Developer Proposes Decentralized Bitcoin Hashrate Derivatives
20.1.2020
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...
South Korea Drafting Legislation To Tax Individual Crypto Profits
2.1.2020
South Korea is working on legislation to tax crypto profits
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...
Data Creators Should Share in the Profits From Big Data
28.12.2019
If data is the new oil, we need new business models allowing creators to share in the profits
Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property
26.12.2019
A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto...
Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....