Cryptocurrencies are an asset that continues to gain traction in the global market. By 2025, there will be five countries where these assets will be tax-free: El Salvador, the Cayman Islands, the United Arab Emirates, and Germany.

This situation stems from strong regulatory frameworks and an openness to transactions with Bitcoin and other cryptocurrencies, thanks to their security, speed, and transparency.

Regarding tax exemption, in the case of the Cayman Islands, cryptocurrencies do not pay income, capital gains, or corporate taxes, making them the ideal instrument for crypto traders and funds.

In the United Arab Emirates, zero tax applies to “all cryptocurrency activity,” and transactions also benefit from a strong and clear regulatory framework.

El Salvador, in Central America, declared Bitcoin legal tender with full tax exemption. The market’s leading cryptocurrency continues to gain national adoption.

Germany, on the other hand, allows cryptocurrency holdings for more than 12 months with zero tax.

Finally, in the case of Portugal, “long-term cryptocurrency gains remain tax-free; the NHR program boosts benefits for expats.”

M.Pino

Source: cointelegraph

(Reference image source: Traxer on Unsplash)

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La entrada Countries where cryptocurrencies are tax-exempt apareció primero en Bitfinance.

The tokenization of real assets, or Real World Assets (RWA), refers to the digitalization of physical assets, such as a work of art, real estate, with which one wishes to make a profit.

It is the tokenization of tangible assets through blockchain technology; that is, everything that can be traded. The trend is on the rise this year and promises dividends to investors. “This process is similar to dividing a large asset into smaller, more accessible parts, allowing more people to participate in its ownership and investment. A common example is the tokenization of a building: instead of a single person or entity owning the asset, digital tokens representing parts of the property’s value can be acquired by many investors.”

In the process, the first step is the identification and valuation of the asset to be tokenized. This value is then divided into digital tokens, a fraction of the total that becomes fractional to allow the purchase in small parts.

Then, the second step is to comply with the laws and regulations that are represented through special purpose vehicles. They allow guaranteeing the correct backing of the asset and that it is transferable according to local laws.

The creation of smart contracts for this commercialization is the third step. They are executed, as is known, through the blockchain in an automatic and secure manner.

The fourth step is the selection of the blockchain platform for the issuance and management of the tokens. The Ethereum, Polygon, and Solana platforms are known, among others.

M.Pino

Source: cripto247

(Reference image source: Shubham Dhage in Unsplash)

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La entrada Tokenization of real-world assets is on the rise apareció primero en Bitfinance.

E-commerce giant Amazon posted a staggering net profit of $30.425 billion in fiscal year 2023, marking a notable rebound after a challenging year in which investments in Rivian resulted in losses of $2.7 billion.

Under the leadership of Andy Jassy, the company recorded cumulative net sales of $574,785 million, an increase of 12 % over 2022. This growth was highlighted in its main segments, especially in the smart cloud, Amazon Web Services (AWS).

Jassy, in a statement, stressed that the record Christmas sales season was the culmination of a robust exercise. The results reflect the strong performance of AWS and the new capabilities of generative Artificial Intelligence (AI).

After a 2022 hit by economic uncertainty due to interest rate hikes, the war in Ukraine and supply chain problems, the company focused on revitalizing its logistics business and innovating in AI.

Amazon also implemented drastic cost cuts, including layoffs of some 27,000 workers, mostly in the first half of the year.

In 2023, the bulk of Amazon’s revenue came mainly from the North American business, reaching $352.8 billion, an increase of 12 %. It was followed by the international business with $131.2 billion, an increase of 11 %, and AWS with $90.8 billion, an increase of 13 %.

In the fourth quarter, crucial for Wall Street analysts, Amazon generated a profit of $10,624 million, more than 30 times higher than the modest $278 million of the same period in 2022. In addition, net sales reached 169,961 million, an increase of 14 %.

K. Tovar

Source: El Economista

(Reference image source: Christian Wiediger, Unsplash)

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La entrada Amazon earnings grew 12 % in 2023 apareció primero en Bitfinance.

Apple registered a net profit of 19,881 million dollars in its third fiscal quarter (between April and June 2023), which is 2.25 % more than the 19,442 million dollars obtained in the same period of the previous fiscal year, as reported by the company in its results.

Regarding total sales, the company billed for a value of 81,797 million dollars, which is 1.4 % less compared to the billing of its third fiscal quarter of 2022.

Specifically, Apple’s sales by segments fell especially in the Japanese market, where it dropped 11.5 %, to 4,821 million dollars; in the Americas market, it registered 5.6 % less, to 35,383 million dollars, and in the rest of Asia and the Pacific, it achieved 8.4 % less, to 5,630 million dollars.

On the opposite side, sales increased in the European market, where it achieved 4.75 % more, to 20,205 million dollars and, mostly in China, with an increase of 7.9%, to 15,758 million dollars.

Between April and June, iPhone sales reported to Apple, 39,669 million dollars, 2.4 % less; those of MAC, 6,840 million dollars, 7.3 % less and iPad, 5,791 million dollars, 19 % less.

Apple’s board of directors declared a cash dividend of $0.24 per common share of the company, payable on August 17, 2023, to shareholders of record as of the close of business on August 14, 2023.

Source: dpa

(Reference image source: Daniel Romero, Unsplash)

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La entrada Apple earned 2.25% more in its fiscal third quarter apareció primero en Bitfinance.

The group that owns Facebook, Instagram and WhatsApp earned 13,498 million dollars (12,115 million euros) at the end of June, 4.6 % less than in the same period in 2022.

Regarding the income of Meta, these reached 60,645 million dollars (54,435.26 million euros), 6.9 % above the last year. In turn, the company’s costs and expenses increased by 10.48 %, totaling 44,026 million (39,517.96 million euros).

By branches, the group has reported a turnover of the advertising business of 56,599 million dollars (50,803 million euros) and a growth of 8 %. Regarding the augmented and virtual reality division, ‘Reality Labs’, the company’s data shows revenue of 616 million (552.92 million euros), 46 % less.

Second quarter closes with 6,990 million

The results presented this Thursday show, in turn, that the group created by Zuckerberg earned 7,788 million dollars (6,990.55 million euros) in the second quarter, 16.46 % more than in the equivalent period of 2022.

At the income level, Meta obtained 31,999 million dollars (28,722.46 million euros), which represented an interannual growth of 11 %. Expenses and costs increased in the second quarter to almost the same extent (10.47 %), reaching 22,607 million dollars (20,292.16 million euros).

After the publication of these results, the CEO and founder of Meta, Mark Zuckerberg, has commented that the company had a “good” second quarter and that they have an “exciting” roadmap ahead with Lama 2, Threads or Reels.

Source: dpa

(Reference image source: Mariia Shalabaieva, Unsplash)

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La entrada Meta earned 12,115 million euros until June apareció primero en Bitfinance.

Developers in the Apple app store ecosystem raised a total of $1.1 billion in revenue and sales throughout 2022, more than 90% of which was raised exclusively for developers, without Apple receiving no commission.

This was reflected in the data collected by the independent study carried out by Analysis Group entitled “The continued growth and resilience of the Apple App Store ecosystem”, which analyzes the results related to the Apple application store and shows how The “strong and resilient” track record of developer growth in the App Store has been solidified.

In this framework, Apple stressed that its application store continues to be a space of “incredible opportunities” for developers around the world, since during 2022 they managed to raise 1,100 million dollars in terms of billing and sales of their applications.

Specifically, according to the study, it indicates that last year developers generated a total of 910,000 million dollars in relation to billing and sales from the marketing of goods and services. Likewise, 109,000 million dollars were collected by way of advertising within the applications and, finally, 104,000 million dollars were generated by way of digital goods and services.

Likewise, according to the company led by Tim Cook, among all the invoices, 90 % of the profits have corresponded exclusively to developers and companies of all sizes.

Source: dpa

(Reference image source: Laurenz Heymann, Unsplash)

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La entrada Developers at Apple achieved $1.1 billion in revenue apareció primero en Bitfinance.

The German sportswear and footwear manufacturer Puma posted a net profit of 352.1 million euros in the first nine months of this year, which represents a profit 16.7 % higher than those registered during the same period of 2021, as reported on Wednesday by the multinational, which has reiterated its sales growth forecast for the year as a whole.

Puma’s turnover until September reached 6,268.5 million euros, 24.4 % more than in the same period last year. By business segments, footwear sales totaled 3,141 million euros, 30.4 % more, while clothing sales rose 20.6 %, to 2,159.5 million. Revenue from accessories, meanwhile, was 968 million, 15.3 % more.

By geographical area, sales of the German company in Europe, the Middle East and Africa (EMEA) grew by 21.9 % until September, with 2,386.7 million, while in America they rose 40.8 %, to 2,688, 3 millions. In Asia-Pacific, Puma recorded revenues of 1,193.4 million euros, 2% more.

Between July and September, Puma’s net profit reached 146.4 million euros, 1.8 % more than in the third quarter of 2021, while sales of the German company totaled 2,354.4 million euros, 23.9 % more.

“Despite all the global uncertainties, the third quarter was again a very good quarter for us,” said Bjorn Gulden, CEO of Puma.

However, the executive warned that, although strong demand for footwear continues to be seen, it is also appreciated that the high levels of inventory in the market, especially clothing, have led retailers to place orders more cautiously than a year ago.

“We continue to see a strengthening of the Puma brand and our sales globally. We expect continued volatility in the market during the fourth quarter, but we are confident that we can deliver according to our outlook for the full year,” he added.

In this way, despite the highly uncertain environment, Puma has reiterated its outlook for 2022 of sales growth adjusted for exchange rates of between 15 % and 16 % and an operating result in a range of 600 to 700 million euros, compared to 557 million in 2021.

In any case, in line with previous expectations, the company estimates that inflationary pressures stemming from increased freight rates and raw material prices, as well as operational inefficiencies due to Covid-19 and the Ukraine crisis will dilute profitability in 2022.

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Source: dpa

La entrada Puma announces net profit of 352.1 million euros until September apareció primero en Bitfinance.

The 2022 World Cup fever is on. Fans with greater economic possibilities have reserved hotels and tickets to matches. Meanwhile, those who will watch the matches in their respective countries already have in their hands the well-known album of Panini cards.

The origin of this is portrayed in the brothers Giusseppe, Benito, Franco and Umberto Panini, originally from Emilia-Romagna, northern Italy. Decades of tradition have passed through the Panini album, released in 1970, at the initiative of the brothers who gave it their last name, after a trip to Modena. In 1945 the family obtained permission to sell in a kiosk very close to the cathedral of that town. And an interesting collection of plants and flowers came into his hands.

Collectible cards or tokens were in fashion. But the Panini brothers turned this trend around, and decided to divide the cards into packs of two units to be sold separately, as this brought them more money.

In 1961 they rented a printing workshop in Vía Castelmaraldo, processed the card rights of some Italian soccer stars and established what is now common: collectibles with images of sports idols. The business evolved positively and it was in 1964 when the first album was released, after the investment of the Panini in a printing plant.

Panini Brothers partner with FIFA

This happened in 1970. The association took place with the commitment to produce the World Cup album in Mexico. The brand was in the hands of the brothers until 1989, when they decided to sell it to Robert Maxwell, owner of the Daily Mirror, for 96 million pounds. But Maxwell invested Panini’s profits in other businesses and the cards lost relevance.

When Maxwell died in 1991, it passed into the hands of the Italian consortium Bain, Gallo, Cuneo and De Agostini. Then, in 1994, Panini is acquired by none other than the Marvel Entertainment Group, but, unfortunately, it went bankrupt and after five years it passed into the hands of the Italian company Fineldo, which keeps the brand standing.

Panini in numbers

In September, information circulated based on estimates by Welsh mathematician Paul Harper of Cardiff University on the cost of completing the 32 Qatar 2022 selections on the Panini album. Harper noted that without trading, a fan would need to purchase a total of 904 packs. That can represent a four-digit figure.

The amounts are increased by cards of stars like Messi or Ronaldo. In addition, there is the resale of both albums and prints, and bets on social networks or workplaces.

With respect to the brand, for the year 2014 profits close to US$ 800 million were recorded and in 2018 Panini exceeded US$ 1,000 million. In the 2022 Qatar Cup, next November, they hope to exceed this figure.

Panini is among the companies that generate the most dividends during a World Cup. Considering that from 2026 the Cup will have 48 selections instead of 32, an increase in Panini’s profits is to be expected, as fans will have to invest in more packs of cards to complete the album. However, this will also imply an increase in the value of the album itself. It will be necessary to wait until 2026 to know the future of the album, as well as its association with FIFA, after the brand lost the exclusivity to be the album of the European Championship, which was awarded to the American Troop.

M.Pino

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With information from agencies, social networks and media specialized in sports

La entrada Panini, the World Cup album business apareció primero en Bitfinance.

The 2022 World Cup in Qatar is one of the main sporting events that, according to analyst projections, will leave the host country with profits of around US$17 billion.

The event will begin on November 20 in Qatar, after a million-dollar investment in infrastructure, which they hope will generate substantial profits, together with ticket sales and tourism, which is already becoming more dynamic in the area.

According to the agency specialized in sports Marketing Registrado, “the collection will be 17,000 million dollars. It is expected that the World Cup will be attended by 1.2 million tourists, an important fact considering that the total population of Qatar is 2.8 million inhabitants”.

Considering the importance of the World Cup, it is understandable that there is speculation about aspects such as the cost of tickets. In this sense, since the beginning of 2022 speculations began to appear with initial amounts of US$70. In any case, on the official FIFA website, in the section on tickets, it can be seen that for Category 1 the cost is 2,250 in the Opening Match and 5,850 in the final, to give an example.

To these must be added, of course, the cost of airfare from the country of residence; hotel accommodation, meals, tours and other activities that the fanatic wants to do in Qatar.

Emir of Qatar in favor of investing in sport

Sport seen as a business generates large investments, as long as you have a passion for that sport. This was stated by the emir of Qatar, Sheikh Tamim ben Hamad Al Thani, in the first interview he recently granted to a European media outlet.

The only real shareholder of Paris Saint-Germain declared: “Sport is not a business like the others. If you want to invest, whatever the sport, you need to have a passion for this sport. Otherwise, you are wasting your money. But if managed properly, the value of the project grows. This is what happened with PSG. The Qataris are proud of the decade spent at PSG.”

M.Pino

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Source: elcronista

La entrada World Cup Qatar 2022 could leave US $ 17,000 million to the host country apareció primero en Bitfinance.

The innovation that characterizes Bancamiga’s products and services is multiplying more and more at its points of sale, which from now on allow you to play El Terminalito from the Cojedes Lottery, Triple Zulia from the Zulia Lottery and Ruleta Royal (animalitos) from the Aragua Lottery, indicates a statement from the institution.

With the incorporation of these three lotteries, merchants will receive 7 % of the play, which will undoubtedly boost their growth, which already has a perfect ally in the Bancamiga POS by offering the possibility of recharging services that generate profits for those who They offer this facility to the public.

If the player hits the Terminalito wins 70 times the bet. Also, by the Approximation mode you can win five times what you play, if your terminal is one number above or below the number selected in the draw. In the case of Triple Zulia, he receives 7,000 bolívares for every 10 bets. And with Ruleta Royal you win 30 times the stake.

More benefits and profits for those who provide this facility to the public

The new offers are added to the possibility of recharging Digitel, Movistar, Movilnet, Simple TV and Inter, canceling the Cantv bill, sealing the 5Y6 and playing El Andinito of the Táchira Lottery.

The institution explains that “to have the Lottery module or any of the other services at your Bancamiga Point of Sale, you only have to download it by entering Bancamiga online ► Other services ► POS Management ► Select Lottery. The next step is at the POS, where the merchant must download the parameters.”

The process of playing is very simple and fast. The player selects in the Lottery POS and then the Operators, where Terminalitos, Triple (A or B) and Ruleta Royal (animalitos) will be displayed. Choose the time you want and then your plays, with the particular amount of each one. Only the first time in the POS the player’s ID number, bank code and telephone number affiliated with the Interbank Mobile Payment are placed. Once registered, it is only necessary to provide the ID number, the statement added.

In partnership with Soluciones Integrales Tecnológicas (SITCA), the Bancamiga POS are the most versatile and complete on the market. They are for immediate delivery, wireless, have contactless technology, have WiFi, encrypted security and a touch screen. In addition to the commission to the merchant for each recharge or payment of services that is made, the client receives his liquidation 365 days a year.

The executive president of Bancamiga, Ariel Martínez, said that Bancamiga Banco Universal will continue to consider the “acquisition” processes as fundamental. And the only way is to achieve it efficiently and innovating with products and services supported by meeting customer requirements and with technological strength as a premise.

With information from Bancamiga

La entrada Bancamiga extends the benefits at its points of sale apareció primero en Bitfinance.