Tag: Report

Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion – Taxes Bitcoin News

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The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would make it easier for tax agencies all over the world to curb evasion. The organization has already made use of financial information to collect taxes from Argentinian users with bank accounts abroad. Argentinian Tax Agency Backs Crypto Holder Registry Creation The AFIP, which is the Argentinian national tax collecting agency, wants to advance its efficiency in the collection…

New Report: Blockchain Hackers Stole $1.3 Billion In Q1 2022

Despite the drop in bitcoin prices at the beginning of the year, thieves did not take a break. Hackers and scammers made millions of dollars from attacks on numerous crypto projects and ecosystems. According to the Atlas VPN team’s new research, blockchain hackers stole approximately $1.3 billion in 78 hack events in the first quarter of 2022. Furthermore, hacks on the Ethereum and Solana ecosystems resulted in over $1 billion in losses in this quarter alone. Blockchain Hackers Eating Good The figures come from Slowmist Hacked, which compiles information about…

Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022 – Mining Bitcoin News

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At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25, 2022, the organization published a report that discusses the bitcoin mining industry’s improvements in sustainable energy use during the first quarter of 2022. The BMC report’s findings show Bitcoin’s electricity usage dropped by 25% in Q1 2022 compared to the year prior. Bitcoin Mining Council Publishes Q1 2022 Covering Mining Industry’s Sustainable Power Mix and…

Crypto gaining trust as investment, but still lagging behind other options: Bitstamp report

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Global crypto exchange Bitstamp released its Crypto Pulse survey on Tuesday and revealed that 80% of institutions and 54% of the retail investors who participated believe that crypto will overtake many traditional investment vehicles within a decade. The survey also polled opinions on whether crypto will see mainstream adoption within the next 10 years. With slightly higher results, 88% of institutional respondents and 75% of retail investors responded affirmatively. This overall bullish attitude came from 28,563 respondents, including 5,450 senior institutional investment strategy decision makers and 23,113 retail investors, from 23 countries. Crypto…

Coinbase Looking To Make $3,000,000,000 Acquisition of Turkish Crypto Exchange: Report

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Leading US cryptocurrency exchange Coinbase is reportedly in talks to purchase BtcTurk, a digital asset trading platform based in Turkey. In a new report, Turkish publication Webrazzi says that Coinbase could purchase BtcTurk at $3.2 billion. The talks are reportedly at an advanced stage, with the two firms having already signed a term sheet. At over $3 billion, the acquisition is about a tenth of the current market value of the US crypto exchange. BtcTurk was started in July of 2013 by Kerem Tibuk, according to business database Crunchbase. Crypto…

Can Terra blockchain sustain its growth? Research report digs deeper

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Cointelegraph Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others. Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it really doing this? The team of experienced crypto analysts from the Big Four and the best universities worldwide dives deep into the blockchain’s ecosystem, community and underlying technology, assessing the potential regulatory, market and technological risks. Terra is a…

What does the Bitcoin Mining Council’s Report Mean for Crypto Going Forward? – Blockchain News, Opinion, TV and Jobs

Bitcoin surges above $40k and looks bullish on the daily time frame, as a bullish divergence on the RSI indicator has been confirmed. Yesterday, the Bitcoin Mining Council released a report which highlighted mining efficiency rose by 63% YoY, with sustainable energy usage at 58%, marking the 4th quarter in a row above 50%. Furthermore, the network used 25% less energy YoY. These improvements are appealing for institutions who see environmental impact as one of the biggest reasons not to invest in Bitcoin. Fidelity have advanced their support for mainstream…