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Bitcoin Holders’ Profits Equal that of Coinbase’s Accredited Investors

Bitcoin has returned an equal amount of profits to retail investors than a cryptocurrency startup has delivered to its accredited investors in the past five years.The world’s largest cryptocurrency in early May closed above $5,000, which roughly brought its return-on-investment (ROI) up by 40,000 percent since early 2013. In the

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Bitcoin Price Profits 153% on Average After 30% Drops, Buys Ahead: Analyst

By CCN: Throughout the past three years, the bitcoin price has demonstrated relatively large pullbacks averaging 30 percent following a large upside rally.$BTC 30%+ pullback coming?Yes, eventually. If history repeats, there should be plenty of strong pullbacks on the way to next peak ATHThere were at least nine 30%+ pullbacks

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Payment Platform Square’s Q1 2019 Bitcoin Revenue High, Crypto Profits Low

Payment platform Square saw a new revenue high from bitcoin (BTC) sales through its Cash app, while profits from Bitcoin sales remained low, according to a letter to shareholders outlining first quarter (Q1) 2019 financial figures.In its recently published letter on earnings — which is unaudited — Square revealed

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SBI’s Crypto Exchange SBIVC Achieves Profits in First Fiscal Year, Considers STO

New Japanese crypto exchange SBI Virtual Currencies (SBIVC) achieved profitability in the first year of its launch, Cointelegraph Japan reports on April 26.SBIVC exchange, launched by Tokyo-based financial services giant SBI Holdings, reportedly recorded a profit before tax of almost 360 million Japanese yen ($3.2 million) for the full

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Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media

Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17.The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), but should still be considered when calculating annual income tax, as they

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Square’s Bitcoin Revenue Increases by $6 Million in Q3, Profits Top $500,000

U.S. financial services company Square revealed it generated $43 million in Bitcoin (BTC) revenue for Q3 2018 in its most recent shareholder letter Nov. 8.Presenting a digest of its total earnings and financial activities, Square, which introduced Bitcoin support in its Square Cash payment app earlier this year, saw cryptocurrency

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