profits – DIGIT INFO

Crypto thrives in India despite ‘discouraging’ taxes — Local community

DIGIT — Thu, 28 Nov 2024 08:09:15 +0000

India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential.

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Tether posts $2.5B in Q3 profits, with 2024 earnings reaching $7.7B

DIGIT — Thu, 31 Oct 2024 20:20:00 +0000

Tether’s consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion.

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Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits

DIGIT — Thu, 15 Aug 2024 13:10:24 +0000

With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much tighter spot. Bitcoin Miners Face a Hard […]

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Bitcoin miners send record $128M in revenue to exchanges

DIGIT — Wed, 28 Jun 2023 04:55:14 +0000

Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react.

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Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

DIGIT — Wed, 17 May 2023 17:30:20 +0000

Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition Tether, the company behind the crypto economy’s largest […]

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Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

DIGIT — Wed, 03 May 2023 10:15:08 +0000

Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]

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Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court

DIGIT — Sat, 01 Apr 2023 21:30:08 +0000

Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court Considers Crypto Gains Taxable Under Current Law Profits […]

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Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

DIGIT — Mon, 27 Mar 2023 18:30:08 +0000

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

DIGIT — Sun, 19 Mar 2023 00:35:04 +0000

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the […]

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

DIGIT — Fri, 03 Feb 2023 08:00:22 +0000

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result […]

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