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Russian Sberbank Demands Client Provide Data on Cryptocurrency Revenue

Russia’s largest bank Sberbank has requested that a client provide information on their income from cryptocurrency, the Russian version of Forbes reported on May 17.Co-founder of cryptocurrency trading platform Toxenbox.io, Vladimir Smerkis, told Forbes that the unnamed client received a letter from Sberbank requiring disclosure of their crypto revenue.

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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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Coinbase’s 2018 Revenue Is 60% Less Than Projected by the Firm: Report

Major global crypto exchange Coinbase reportedly saw around $520 million in revenue last year, Reuters reported on April 18.The publication calculated the sum by looking at a filing to Britain’s corporate registry last week showing Coinbase’s non-U.S. revenue equaled around 154 million euros ($173 million), noting that a Coinbase

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Barclays Analyst Predicts Billions in Additional Revenue From ‘Facebook Coin’ by 2021

Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11.Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new revenue stream for Facebook, aiding its share price that tanked amid a series

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Canada Revenue Agency Auditing Crypto Investors

The Canada Revenue Agency (CRA), the government’s tax collection service, is reportedly auditing investors in cryptocurrencies like Bitcoin (BTC), Forbes reports on March 6.Citing sources close to the matter, Forbes states that the CRA has sent extensive questionnaires to investors pertaining to their crypto-related activities in recent years. The

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Bitcoin Mining Revenue Begins Slow Recovery After 18-Month Lows, New Report Shows

Bitcoin (BTC) mining revenues have begun climbing after falling to their lowest levels in 18 months, statistics from cryptocurrency industry newsletter Diar confirmed Mar. 4.Capping a troubling year for miners, February saw revenue drop to amounts not seen since August 2017 — when Bitcoin was at the start of

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Square Bitcoin Revenue Success Contrasts Profit Warnings After Record Q4 Results

United States-based payment platform Square reported $166 million in annual Bitcoin (BTC) revenue for 2018, data from its annual earnings report published Feb. 27 confirms.Square, which shares its CEO Jack Dorsey with Twitter, achieved just over $52 million in Bitcoin sales for Q4, surpassing Q3 by $9 million and Q2

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