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Theoretically, the Internal Revenue Service (IRS) could look through every transaction on every blockchain to see profits and losses in each wallet or account. From there, the IRS could figure out the amount of on-chain gains it could tax. However, that raises the issue of whether those assets were sent
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Almost three-quarters of revenue from ransomware attacks last year, or $400 million, went to addresses that are “highly likely” to be affiliated with Russia, Chainalysis said. Original Source
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sponsored Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land plots
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Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges, Sanctions Monitors Say Hackers controlled by the
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Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land plots launches
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Bitcoin miner Greenidge Generation said fourth-quarter preliminary revenue rose 23% from the third quarter even as the number of bitcoins produced fell 16%.Greenidge said in a statement that fourth-quarter revenue rose to about $44 million compared with the third quarter’s $35.8 million.The Dresden, New York-based miner also said its hashrate
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Shares of PayPal (PYPL) fell more than 16% after the payments giant reported Q4 earnings that just missed analyst estimates and a slowdown in revenue growth.Total revenue rose 13% to $6.9 billion, in line with analysts' estimates, according to FactSet, but significantly slower than the 25% growth recorded in the
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Hardware crypto wallet Arculus will aid its owner CompoSecure’s (CMPO) revenue as it seeks to gain ground on cold storage competitors such as Ledger and Trezor, Needham equity research analyst John Todaro told clients in a note Friday.Cold storage is a way of holding cryptocurrency tokens offline rather than on
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The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets
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