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Venezuela’s failed economy, now being crippled by US sanctions, has starved hospitals of much needed medicine and food.
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Missouri police fill in last entry of man who kept journal of alleged thefts: ‘Arrested – Muahahahaha’February 12, 2019 | dailybusinessnews
After arresting a Missouri man who logged his alleged thefts in a journal, authorities filled in his final entry: “02/06/2019 – Arrested Muahahaha,” according to a picture from the department.
Judge Jeanine Pirro: Think socialism can never happen here? Just look at the left and the last 10 daysFebruary 10, 2019 | dailybusinessnews
We are reaching a turning point that will forever determine our future — how we live our lives and how our children will live theirs. The gap between the ever-widening left and right has never been wider, and yet amazingly it continues to widen.
Fidelity Investments’ quarterly data dump arrived recently, featuring loads of information about its retirement-account holders. It was eye-opening, to say the least.
Last summer, we noted there was about $ 1 trillion in 401(k) and other retirement accounts. The estimates from Fidelity suggested…
Bill Gross, co-founder of Pimco and more recently a portfolio manager at Janus, is retiring. The move by the 74-year-old investor closes an abbreviated last act to one of Wall Street’s most celebrated careers.
WSJ.com: What’s News Asia
Coincheck has reported 1.73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange that holds the dubious record of having suffered the worst hack in the short history of cryptocurrency.
Trading Volume Rises as More Customers Sign Up
About $ 534 million worth of the NEM cryptocurrency was stolen from Coincheck in January 2018. The money was never recovered and operations were subsequently halted. Since then, the trading platform has been trying to reinvent itself through refunding victims of the hack, improving security systems, as well as regularizing its operations with Japan’s financial regulator. Coincheck completed its registration as a cryptocurrency exchange on Jan. 11 of this year.
According to an earnings report for the third quarter to March 31, 2019 published by Monex Group, the Japanese owners of Coincheck, the exchange has seen a marked increase in trading volume since it resumed purchasing and depositing services “for all tradable cryptocurrencies” at the end of November.
“Service resumption contributed to an increase in trading volume [and] growth potential in customer base where the millennials are the majority,” said Monex, which acquired Coincheck in April 2018, in the financial report released Jan. 31.
Coincheck Losses Halve to 300 Million Yen
For the quarter, Coincheck also reported losses that halved to 324 million yen (about $ 2.97 million) from 588 million yen ($ 5.39 million) the previous quarter, as new user signups soared. Revenue came in at $ 4.59 million, up from $ 2.75 million in the second quarter.
Monex said the company had established its “Blockchain Lab (BCLab),” which is aimed at providing “blockchain or cryptocurrency technology solutions to various companies.”
The group also spoke about the importance of the virtual currency business to its entire operation, stating: “Cryptocurrency trading business will be a key to enhancing cross-segment interaction” which will expand “business capability and create new customers.”
After the record-breaking hack of last year, it is a milestone that Coincheck, bought by Monex for $ 34 million last April, has been granted an operating license by Japan’s Financial Services Authority. The license gives the exchange full permission to continue providing its services within the Pacific island nation.
Monex says it has overhauled Coincheck’s security and management systems in a bid to prevent the recurrence of another theft.
What do you think about Coincheck’s comeback? Let us know in the comments section below.
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The post Coincheck Registers 1.7M New Users Since Resuming Operations Last October appeared first on Bitcoin News.
The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $ 1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $ 5.7 billion in unrealized losses.
US Cryptocurrency Investors Realized $ 1.7B in Losses During 2018
According to a survey conducted by Credit Karma, investors based in the United States realized a combined loss of roughly $ 1.7 billion during 2018, equating to an average of $ 718 per person. The participants comprised 1,009 U.S. cryptocurrency investors aged 18 or older who were questioned during November 2018.
The survey found that only 53 percent of investors had decided that they would report their cryptocurrency gains and losses on their tax returns. A further 19 percent of participants stated that they had not yet decided whether they would report the performance of their cryptocurrency investments.
According to the report, 59 percent of profitable traders intended to report their returns, whereas only 38 percent of investors who lost money during the previous financial year planned to do so.
More Than Half of US Investors Unaware of Tax Deductions on Crypto Losses
The survey found that 58 percent of respondents were not aware they can claim tax deductions on cryptocurrency losses, including 61 percent of investors who had realized losses during the preceding tax season.
The report also estimated that U.S. investors had incurred $ 5.7 billion in unrealized losses, suggesting that many opportunities to claim tax deductions have been missed by American cryptocurrency traders.
Of the respondents that stated they would not report the performance of their cryptocurrency portfolio, 35 percent were not aware that they are required to do so, and 55 percent believed that they were not required to due to how small their gains or losses were.
Are you surprised by how few U.S. cryptocurrency investors were aware of their reporting requirements? Share your thoughts in the comments section below!
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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post US Crypto Investors Incurred $ 5.7 Billion in Unrealized Losses Last Year appeared first on Bitcoin News.
Do we have too many types of moons? Maybe , but get ready for this weekend’s newest arrival: something called a “super blood wolf moon.” Sunday’s celestial event will be the only total lunar eclipse for the next couple of years—the next one after that is in May 2021—and…
The White House’s National Security Council asked the Pentagon last year for plans for launching a military attack against Iran, the Wall Street Journal reported early Sunday, citing current and former US officials.
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With no shutdown resolution in sight, the AP reports that President Trump and Democratic leaders agreed Friday to additional staff-level talks over the weekend during a White House meeting at which Trump indicated he could keep parts of the government closed for “months or even years.” Trump met with the…