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Bitcoin Cloud Mining Platform06

Short-term bitcoin holders dumping coins at a loss, report reveals

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode, a blockchain analytics firm, has released a new on-chain report indicating short-term bitcoin holders are increasingly offloading their coins on exchanges at a loss, while long-term holders remain in profit.  In the ever-evolving world of cryptocurrency, understanding market dynamics and […]
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Script Network SCPT02

Tether’s Q1 2023 report states record $2.44b reserve surplus and $1.48b net profit

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether Holdings Limited’s latest Q1 2023 assurance report, completed by global independent public accounting firm BDO Italia, reveals an all-time high of $2.44 billion in excess reserves, up $1.48 billion from the previous quarter.  The achievement reaffirms the accuracy of Tether’s […]
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Block’s Cash App Q1 report reveals $2b in BTC revenue

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jack Dorsey’s Block recorded a stunning $2.16 billion in bitcoin (BTC) sales in Q1. The fintech company’s main product, Cash App, generated 25% more bitcoin income yearly. The shareholder letter states that the multi-billion dollar bitcoin revenues were attributed to an increase in […]
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Increased FUD might affect crypto prices, report says

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent report by the market intelligence and analytics platform Santiment shows that the rise of fear, uncertainty and doubt (FUD) among crypto investors might soon affect cryptocurrency prices. Over the last five weeks, digital currency traders seem “less optimistic toward […]
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Over 99% of crypto investors don’t report taxes, report indicates

As the cryptocurrency market continues to grow, tax authorities worldwide face mounting challenges in ensuring compliance.  A recent study by Divly, a crypto-tax platform, reveals that a mere 0.53% of cryptocurrency investors globally declared their crypto activities to local tax authorities in 2022.  STUDY: Divly, a tax preparation service in Sweden, conducted a survey which […]
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Ripple wins big in US-Mexico transfers based on Bitso’s report

According to the 2022 report, Bitso highlighted that they processed about $3.3 billion between US and Mexico, using XRP and others. XRP moves $3.3b in US-Mexico settlements Cryptocurrency has gained momentum recently, acquiring different utilities across different jurisdictions. The most recent info is about the Ripple network. Bitso, a popular crypto exchange in Mexico, recently […]
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