ZenLedger Raises $15M to Expand Crypto Tax Products
ZenLedger, a tax software company, is planning new products that push into institutional markets. Source
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Crypto
Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’
American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion and 3% increase in earnings per share
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After Armstrong Tweet, India’s Crypto Policy Body Says No Contempt of Court Challenge vs. RBI
Procedurally, legal sources say a contempt of court challenge is technically best filed by the original petitioner in the Supreme Court, which in this case would be the IAMAI. If it is not the original petitioner, then an individual entity seeking to file a contempt of court is required to
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Portuguese Congress Rejects Two Bills Seeking to Tax Crypto
The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn’t submitted a proposal so far. Original Source
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Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility
Bitcoin (BTC) and other cryptos were mixed on Wednesday. Although, some metaverse tokens such as MANA and SAND outperformed. Analysts expect higher volatility if a breakout or breakdown in BTC occurs. Source
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Russian Court Acknowledges Crypto as a Form of Payment
Russia has joined the list of countries that have adopted cryptocurrency as a means of payment. However, this might be less so from an eagerness to adopt the world of crypto, but rather may be related to the sanctions imposed on the country due to the ongoing war between Ukraine
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Nvidia’s Crypto Mining Chip Revenue Now 'Nominal' Following Months of Decline
A drop in crypto mining chip sales dragged down the chipmaker’s OEM business unit year-over-year. Original Source
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Paraguayan Bill Regulating Crypto Mining and Trading Moves Closer to Law
The country’s Senate in December had already passed similar legislation, and the bill will now return to that body with the Chamber of Deputies’ modifications. Once the Senate approves the changes, the pending law would move to the executive branch, which hasn’t yet signaled whether it will sign or veto. Original
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Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH).The RFB's declaration was published in the Diário Oficial da União and was the result of a consultation
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Binance signs MOU with Kazakhstan to further crypto adoption and regulation
Cryptocurrency exchange Binance has signed a memorandum of understanding, or MOU, with the government of Kazakhstan to bolster “virtual asset market development” in the central Asian country. The signing of the MOU, which is between Binance and Kazakhstan’s Ministry of Digital Development, Innovations and Aerospace Industry, took place on Wednesday during
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