Leading crypto ATM operator Bitcoin Depot has reiterated its plans to merge with GSR II Meteora Acquisition Corp, the $321 million special purpose acquisition company (SPAC) formed for facilitating me...
Tag: Reporting
Polestar stock surges after reporting first-ever profit as a public company
In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar (PSNY), the Swedish-based company backed by Volvo and China’...
Aurora Cannabis is trading down after reporting its Q1 results
Shares of Aurora Cannabis Inc (NASDAQ: ACB) are trading down in extended hours after the cannabis company reported disappointing results for its fiscal first quarter. CEO Miguel Martin’s remarks On th...
Disney stock drops after reporting wider streaming loss, earnings miss
Disney (DIS) reported fiscal fourth-quarter earnings on Tuesday after the bell, missing on both the top and bottom lines. Macroeconomic challenges, including the global advertising slowdown, weighed o...
Oryen Presale Buyers reporting 100% gains
In the current economic climate, any news of gains is music to investors’ ears, no matter how small. So when reports started coming in of Oryen buyers seeing 100% gains on their investments after only...
What investors need to know about the latest crypto tax reporting rules
Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or n...
IRS Revises Crypto Reporting Rules Defining Digital Assets
49 mins ago | 2 mins read Bitcoin News Taxpayers will need to disclose any and all transfers of digital assets. The year 2022 is the first year when the phrase “digital asset” may be used on tax retur...
IRS Drafts New Crypto Reporting Rules for Tax Year 2022
Key Takeaways The IRS has released a draft version of Form 1040, which includes new reporting guidelines for digital assets. This year, the tax agency has explicitly instructed taxpayers to report NFT...
Accounting Board Rules Will Make Crypto Reporting Simpler for Firms
A U.S. accounting authority has said firms wanting to use cryptocurrencies should employ fair-value accounting when keeping stock of assets on their books. From now on, companies are required to use f...
OECD Releases Framework to Unify Global Crypto Tax Reporting
Cryptoassets increase tax evasion likelihood as they aren’t covered under current standard, agency says Framework will be presented to G20 finance ministers this week The Organization for Economic Coo...
OECD Approves Crypto Tax Reporting Framework
The framework, which was approved in August, ensures “the collection and automatic exchange of information on transactions for relevant crypto,” the report said. The definition of crypto a...
US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats
United States Senators Marsha Blackburn and Cynthia Lummis have introduced proposed changes to a 2015 bill that would allow “voluntary information sharing of cyber threat indicators among cryptocurren...
What Skills Should Finance Students Seek To Acquire In School?
What are the exciting areas in finance? What career paths should students consider? How do current economic conditions affect these career paths? What skills and courses should students focus on? New ...
SEC and CFTC want help building new crypto reporting regime for hedge funds
Regulators want help assembling a regime for private funds to report their crypto exposure. On September 1, the Securities and Exchange Commission and the Commodity Futures Trading Commission put out...
SEC, CFTC propose amendments for large hedge fund crypto reporting
US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to Form PF. The proposal seeks to distinguish between “digital assets...
Crypto exchanges in India to start reporting suspicious transactions
Government intelligent agencies are seeking a new law to list crypto exchanges under the existing crypto regulatory system distinctively. The new law will make it compulsory for the exchanges to share...
Much Anticipated Quarterly Reporting For Target, Walmart
Target and Walmart report Q2 2022 results August 16th and 17th respectively, and the Street is ready … [+] for the heat. Getty Images Investors and retail industry watchers are anticipating next...
CFTC proposes new crypto reporting rule for large hedge funds
The US Commodity Futures Trading Commission (CFTC) has voted to propose a joint rule with the Securities and Exchange Commission (SEC) that would require hedge funds to report cryptocurrency exposure....
SEC to Amend Reporting Standards for Hedge Funds Alongside CFTC
The United States Securities and Exchange Commission (SEC) is looking to amend the reporting standards for Form PF, the confidential reporting form for certain SEC-registered investment advisers to pr...
Coinbase stock nosedives 10% after reporting a $1.1 billion loss
Coinbase Global (NASDAQ: COIN) slid 10% during the trading session on August 9 after the cryptocurrency trading platform released earnings, revealing that there was less trading volume and a reduced n...
UAE introduces new reporting requirements to counter crypto real estate money laundering
The United Arab Emirates introduced new reporting requirements for real estate transactions involving digital assets in a statement on August 8. The new rules are aimed at clamping down on money laund...
Bitcoin Maverick Michael Saylor Drops CEO Role At MicroStrategy After Reporting $1 Billion Loss
One of the biggest Bitcoin proponents Michael Saylor has stepped down from the position of CEO of his business intelligence firm MicroStrategy. The announcement came on Tuesday, August 2, as the compa...
Japan Is Now Reporting More Covid Cases Than Any Other Country
Topline Japan is reporting nearly 200,000 Covid-19 cases a day—more than any other country in the world currently—while its government has refused to impose stringent pandemic restrictions, as the cou...
‘Fox & Friends’ Has Gone To The ‘Dark Side’ For Accurately Reporting 2024 Poll
TAMPA, FLORIDA – JULY 23: Former U.S. President Donald Trump speaks during the Turning Point USA … [+] Student Action Summit held at the Tampa Convention Center on July 23, 2022 in Tampa, ...
Natural Gas Stocks: These Natural Gas Producers Are Reporting Earnings Soon
Range Resources (RRC) is set to announce second-quarter earnings Monday as the price of natural gas has increased amid rising demand in Europe and the U.S. Natural gas stocks generally fell Friday, de...
IBM stock tanks after reporting earnings
International Business Machines (NYSE: IBM) reported quarterly earnings on July 19, garnering attention from market participants. With over 60 companies reporting earnings this week, a common thread o...
Doctor Who Helped 10-Year-Old Get Abortion Followed Reporting Requirements, Records Show — But She’s Still Under Investigation
Topline Dr. Caitlin Bernard, the Indiana physician who oversaw a 10-year-old girl’s abortion after she was raped and denied an abortion in Ohio, complied with state laws on privacy and reporting the a...
Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule
The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Launderi...
IRS Likely to Delay Crypto Exchange Reporting
The Biden administration seems poised to delay when it expects cryptocurrency brokers and exchanges to start reporting on their clients’ trading. The U.S. Treasury Department and the Internal Revenue ...
SEC & CFTC Call for Public Comment on Crypto Reporting for Hedge Funds
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on Thursday launched public consultations calling on the public to contribute to the proposed rule...