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Category: costs
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China’s Inflation Rate Drops to Lowest in 18 Months
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Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’
The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout.
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Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
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Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency
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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. Also read: US […]
The post Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring appeared first on Bitcoin News.
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European Banks Struggle With Low Interest Rates and Strict Regulations
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and competition from […]
The post European Banks Struggle With Low Interest Rates and Strict Regulations appeared first on Bitcoin News.
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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Polish […]
The post Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland appeared first on Bitcoin News.
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Developing an ICO Project in Russia Can Cost as Little as $1,500
The average cost to develop an ICO project in Russia is hovering around $18,000 USD but the price can go down to as little as $1,500, according to a study that explores the market for such services. The hourly rate for a blockchain developer is averaging a little over $44, the authors found after surveying […]
The post Developing an ICO Project in Russia Can Cost as Little as $1,500 appeared first on Bitcoin News.
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Mining Operations Offered to India After Mixed Signals from Beijing
Members of the Indian crypto community have received offers to set up mining facilities after reports of potentially negative developments for miners in China. According to local media, businesses are already exploring such opportunities as India has some of the lowest electricity rates. Upcoming regulation, however, may put some hurdles on the track. Also read: […]
The post Mining Operations Offered to India After Mixed Signals from Beijing appeared first on Bitcoin News.
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