Galaxy Digital Reports Loss Of $554.7m In Q2 Despite Increased Revenues From Mining

Company blames unrealized losses on digital assets for the underwhelming quarter.

Continue reading Galaxy Digital Reports Loss Of $554.7m In Q2 Despite Increased Revenues From Mining at DailyCoin.com.

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New York digital media company the latest to add Bitcoin to balance sheet

Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its holdings at the end of the first quarter.

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South Korea to Delay 20% Capital Gains Tax on Digital Asset Investments until Jan 2025

Before levying income taxes on virtual assets, South Korean lawmakers have called for the government to prepare for effective implementation of new rules. (Read More)

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$89M flows into Bitcoin funds despite looming conflict, but ETH funds are negative

CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products saw inflows totaling $109 last week.

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Digital Asset Investments Hit $2.2B Weekly Inflows, Setting $33.5B YTD Record

CoinShares has revealed that Digital asset investment products saw inflows of $2.2 billion in the previous week, taking the total inflows since the interest rate cuts in September to $11.7 billion. Cumulative investment in cryptocurrencies in the year has totalled $33.5bn, an all time high, signifying that digital assets are gaining credibility as an asset […]

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