BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected

While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate.

XRP traders can capitalize on this pattern's break for near-term profits

XRP has been steadily declining over the last three months after plunging below the $0.795-level.

Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now

PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether.

Albania to Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments.

Albania to Start Taxing Crypto Profits From Next Year (Report)

According to the upcoming legislation, crypto profits from business purposes will be taxed per business rate, while investors will be slammed with 15%.

How Arbitrageurs Are Making Money in the Crypto Crash

There are a few different strategies helping traders eke out profits during the downturn, from straight forward to atomic arbitrage.

126% return for stock market short-sellers who smelled blood in crypto waters

A report from S3 Partners noted that crypto stocks with the highest short interest include Coinbase, Marathon Digital and MicroStrategy. Short-sellers have made a killing on various sectors of the US stock market this year, but no other sector "held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data.On Thursday, technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, US equity short-sellers are up on average more than 30% for the year.

$30K BTC price has 'severe impact' on Bitcoin miner profits — analysis

Miners are facing an increasingly problematic climate for participating in the Bitcoin blockchain, and only higher BTC prices can help. Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability.The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment.Miner production cost faces off with BTC priceWhile Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious.Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production price — how much it costs to mine a single bitcoin — could be right where current spot price resides.While “raw” costs may be around $22,000 per BTC for miners in North America, which is home to the lion’s share of hashing power, additional costs could put the total at more like $30,000.“We estimate cost basis for bitcoin miners in North America around $22K per bitcoin mined.

The business of a Bitcoin standard: Profit, people and passion for good food

Here’s how the co-founder of a Middle Eastern restaurant convinced his colleagues to upgrade their franchise to a Bitcoin standard. The Canadian restaurant franchise Tahini’s serves Middle East-inspired food with a Bitcoin-inspired twist. Since August 2020, when the price of Bitcoin (BTC) was under $20,000, the group has operated on a Bitcoin standard, with any profits it makes swept into BTC.The Tahini’s Twitter account has since argued that Bitcoin is the “most Islamic” thing Muslims can do with their wealth, and the group educates its customers on sound money.

Is Bitcoin's [BTC] consolidation at $30k setting up buying opportunity

Crypto investors are stuck finding the right time to enter the market to ensure profits as the broader market continues moving sideways with no clear indication of what’s to come next. But while The post Is Bitcoin's [BTC] consolidation at $30k setting up buying opportunity appeared first on AMBCrypto.

Global Web3 metaverse and tax initiatives continue in the face of a market meltdown

Web3 developers, institutional investors and regulators preparing to tax metaverse profits remain stable despite all the turbulence in the digital assets market. In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.In 2021, nonfungible tokens became the biggest disrupter in art, with artists minting, exhibiting and auctioning them and investors buying, selling and trading them.

Arcane Research: Terraform Labs Whales Dumped LUNA on Retail Before UST’s Depeg

Large LUNA holders connected to Terraform Labs dumped their tokens on retail for massive profits before UST's depeg according to Arcane Research.