Personal care products manufacturer Honest Co. has recently been exposed as dishonestly labelling their products, as reported in The Wall Street Journal (paywall) (archived). Qntra's chemistry correspondent is here to set the deception straight. Continue reading
Yesterday the EU Court of Justice relased a ruling (archived) stating that transactions exchanging Bitcoin for fiat currency are exempt from the VAT (Value Added Tax). This puts Bitcoin exchange transactions in the same VAT exempt class as exchanges between other currencies or similar financial instruments.
Monthly statements from stocks listed at the MPEx exchange have been released for January. Official reports are available at Trilema. Here are some highlights, with assets listed in order of market cap1 :
MPEx (S.MPOE, market cap 403,020) reported a net profit of 520 btc, with 500 btc coming from new account fees. The MPEx exchange has seen a slight uptrend in volume over the past several months, the January volume was the highest since April of last year. Continue reading
MPEx (S.MPOE) continued to derive most (93.6%) of its revenue from new account sign-ups. While the large amount of income from sign-ups represents the vast majority of the income, the company would still be profitable without these one-time payments; the December expenses only amounted to 59% of the revenue from trading fees. The company reported a total profit of 647.8 btc. This represents the highest profit reported by the company since August of 2013. Continue reading