After a denial last month, a federal court in the Northern District of California has authorized the Internal Revenue Service (IRS) to serve an information request to Kraken. The IRS will serve the crypto exchange with a John Doe summons, which requests user information to identify crypto holding ta...
Square hauled in $3.51 billion in bitcoin revenue during 2021's first quarter, according to Thursday's earnings release. That resulted in $75 million in gross profits during the same period. On a broader scale, Square said it made $964 million in gross profits for the period, meaning that the gross ...
Goldman Sachs has moved to offer derivatives products tied to the price of bitcoin to its clients, according to Bloomberg. The derivatives in question are non-deliverable forwards, which are contracts between two parties that agree to settle at a certain date the difference between the spot price an...

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