Thailand to Tax Abroad Earnings From Crypto Merchants

Thailand to Tax Abroad Earnings From Crypto Merchants

Supply: Pixabay / Michelle Raponi Thailand would quickly tax international earnings from crypto merchants, a tighter measure to shut the loophole, which allowed abroad revenue into the nation tax-free. The rule got here from Thailand’s Income Division, which goals to fund its proposed financial stimulus, based on a BangkokPost report. To assist stimulate the nationwide…

Bitcoin Miners Pivot To Different Areas In Quest To Diversify Earnings: JP Morgan

Bitcoin Miners Pivot To Different Areas In Quest To Diversify Earnings: JP Morgan

Supply: Pixabay Digital asset miners are shifting to different enterprise ventures together with providing high-powered know-how companies to synthetic intelligence (AI) firms to enhance earnings. A brand new report from JP Morgan exhibits that crypto-based mining companies are increasing their operations to incorporate high-performance computing, lowering their dependency on core main operations, cryptocurrency. The financial…

UK insurer Authorized & Common receives earnings increase from company pension offers

UK insurer Authorized & Common receives earnings increase from company pension offers

Obtain free Authorized & Common Group PLC updates We’ll ship you a myFT Day by day Digest e mail rounding up the most recent Authorized & Common Group PLC information each morning. A buoyant annuities market helped Authorized & Common beat analyst expectations in interim outcomes and boosted smaller rival Simply Group, which stated it…

Robinhood’s Q2 Earnings Present 18% Decline in Crypto Buying and selling Income

Robinhood’s Q2 Earnings Present 18% Decline in Crypto Buying and selling Income

Supply: GettyImage In its Q2 2023 earnings report, Robinhood (HOOD), the net buying and selling platform identified for its crypto-friendly strategy, revealed crypto buying and selling income of $31 million, representing an 18% lower from the earlier quarter’s $38 million.  Regardless of this decline, Robinhood achieved profitability for the primary time since going public. In…

Coinbase Analysts Stay Constructive Forward of Q2 Earnings Regardless of Regulatory Uncertainties

Coinbase Analysts Stay Constructive Forward of Q2 Earnings Regardless of Regulatory Uncertainties

Supply: Adobe / Rafael Henrique Crypto buying and selling platform Coinbase is poised for better-than-expected, Q2 earnings regardless of ongoing authorized stress in opposition to the agency and different trade giants, analysts say. Consensus estimates from the monetary knowledge firm FactSet name for revenues to say no to $629 million, down from $773 million within…

Russians ‘Can Pay Taxes on Their Crypto Earnings’

Russians ‘Can Pay Taxes on Their Crypto Earnings’

Supply: Valery/Adobe The Russian tax physique says that residents “will pay” taxes on their crypto earnings, even though tokens haven’t any authorized standing within the nation. In one other signal that the federal government seems to be sending blended messages about its stance on crypto, the Federal Tax Service (FTS) acknowledged that crypto earners might…

Direct Line warns of recent strain on earnings from inflation

Direct Line warns of recent strain on earnings from inflation

Direct Line mentioned the rising prices of repairing broken motor automobiles may hit its earnings this 12 months, the most recent warning from the UK insurer that rising inflation was harming its enterprise. Rising claims prices had been anticipated to “put strain” on earnings this 12 months, together with the extent of reserves it may…