Reports suggest many crypto owners have evaded taxes in the past, a trend one industry CEO claimed is likely to continue this tax season. Tax day is April 18 in the United States, and cryptocurrency holders are among the many citizens setting up their returns. A January report from TurboTax found that only 2.9% of […]
The report also gave the advance seasonally adjusted insured unemployment rate of 1.3%. U.S. stocks dropped on Thursday after the release of fresh macroeconomic data. The United States Department of Labor (DOL) said on Thursday that around 228,000 people applied for unemployment benefits in the week ending April 1. The market had predicted 240,000 jobs […]
BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month. The sale $114 billion sale will include $27 billion worth of securities from Signature Bank, and $87 billion from Silicon Valley Bank (SVB). Securities […]
Dieter Wermuth, an economist and partner at Wermuth Asset Management, believes that Bitcoin is a fundamentally useless asset. How true are his claims? As Bitcoin rose to popularity, it has often received harsh criticism from the flagbearers of traditional finance. Since its inception, it has also been declared dead by almost 500 times. The most […]
Famed investor Jim Cramer shares his view on Coinbase stock. BofA analyst reiterates his underperform rating on COIN. Coinbase stock is down nearly 30% versus its year-to-date high. Coinbase Global Inc (NASDAQ: COIN) has lost nearly 30% in recent weeks but famed investor Jim Cramer still doesn’t dub it an opportunity to invest in it. […]