Finance

Bitcoin (BTC) and most major altcoins witnessed a sharp sell-off on Aug. 19, but there does not seem to be a specific trigger for the sudden drop. The sharp fall resulted in liquidations of more than $551 million in the past 24 hours, according to data from Coinglass. Barring a V-shaped bottom, other formations generally take time to complete as …

Key points to remember Analysts estimate EPS at -$0.27 vs. $0.58 in Q2 2021. Revenues are expected to continue growing at a steady pace from the early lows of the pandemic. Analysts expect quarterly gross bookings to increase in the second quarter. Uber Technologies Inc. (UBER) has seen a dramatic increase in revenue over the past year as its ride-sharing …

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, Celsius’s financial troubles mounted further as a new coin report showed the company had a balance gap of $2.85 billion, more than double what it had shown in the bankruptcy filing. …

According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn has a feature to let the company …

With Everlance, create an IRS-compliant mileage log and sync your bank accounts and credit cards for expense and receipt tracking. This application is particularly appreciated by freelancers. Advantages GPS used to create an IRS compliant mileage log Syncs with bank or credit card for expenses and receipts Export mileage and expense reports in PDF, CSV or Excel formats The inconvenients …

What is a Prospectus? A prospectus is an official document required and filed with the Securities and Exchange Commission (SEC) that provides details of an investment offer to the public. A prospectus is filed for stock, bond and mutual fund offerings. The prospectus can help investors make more informed investment decisions because it contains a wealth of relevant information about …

A crucial part of investing is managing the amount of tax you will have to pay on your winnings. Taxes are sometimes overlooked or an afterthought, but capital gains (depending on the type of security and the period of ownership) can have a significant impact on investment results. Different types of capital gains are taxed at different rates, which should …

FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a “high-risk activity” prohibited by the exchange. Reports of blocked transactions on FTX began appearing on Twitter on Thursday, sometimes …

After Intel (INTC) and Qualcomm (QCOM) reported disappointing results, semiconductor company Advanced Micro Devices (AMD) is expected to report results later today. The company is expected to report higher revenue and net profit in the second quarter as shipments improve on easing supply chain bottlenecks and buoyant demand for chips. The consensus estimate is AMD earnings per share of $1.04, …

Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam nonfungible tokens (NFTs) sent by scammers. According to a Thursday blog post from the Phantom team, the new feature is accessible via the Burn Token tab in the Phantom wallet app, allowing users to receive a minuscule deposit of Solana (SOL) each time they use …