Blockchain News

Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon

• by admin
• January 18, 2023

Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.  Silvergate posted its fourth-quarter results on Tuesday, reporting a net loss of $1 billion for the latest quarter of 2022, compared with a net […]

Blockchain News

Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits

• by admin
• January 18, 2023

The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers. In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where taxes such as consumption tax (Japan’s equivalent of VAT) should be applied. […]

Blockchain News

Kevin O’Leary Says Crypto is Getting “Very Interesting” – Here’s Why

• by admin
• January 18, 2023

Investor and Shark Tank star Kevin O’Leary has said crypto is getting “very interesting” as the recent events have forced lawmakers to push for a solid regulatory framework. During an interview with Kitco News on January 17, O’Leary, also known as Mr. Wonderful, said he has been coming back to the crypto markets lately. He claimed that the recent […]