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Galaxy posts Q2 results, reporting uptick in trading and banking activity despite slump in net income

Galaxy posts Q2 results, reporting uptick in trading and banking activity despite slump in net income

Mike Novogratz’s Galaxy Digital posted financials for the second quarter of the year Friday, posting comprehensive net income figures that fall short of the year prior despite progress in trading and investment banking.  Galaxy, which bills itself as a merchant bank for the digital asset world, trades on Canada’s Toronto Stock Exchange after recently joining …

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Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Crypto-literate public accountants are concerned their clients might face Internal Revenue Service (IRS) audits and penalties for underpaying taxes on their crypto holdings, a new survey finds. Cryptocurrency accounting service provider Blox and tax software developer Sovos conducted a survey of roughly 45 Certified Public Accountants (CPAs) familiar with crypto, finding that the majority believe …

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