Posted on 8382
Bimini Capital Management, Inc. (OTCBB:BMNM), (“Bimini Capital,” “Bimini,” or the “Company”) today announced results of operations for the three month period ended December 31, 2020.
Fourth Quarter 2020 Highlights
Income tax benefit of $10.7 million, or $0.92 per common share
Book value per share of $2.97
Company to discuss results on Friday, March 12, 2021, at 10:00 AM ET
Management Commentary
Commenting on the fourth quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “As we sit here today, it is very sobering when we reflect on how much has transpired between March of 2020 and March of 2021. The month that seemed like it would never end finally did, and there were many dark days in between, but we clearly seem to be emerging from this dark episode that none of us will ever forget. The immediate impact of the turmoil in the financial markets last March was
IRS Operation Hidden Treasure Looks to Do Some Bitcoin Mining of Its Own
On 3/12/21 at 2:10 PM EST
Cryptocurrencies, criticized by some as detached from the real world and floating in the ether, are nevertheless tethered to reality through taxes.
In general, Bitcoin is treated like other appreciating assets, but the cryptocurrency s distinctive attributes create pitfalls for the unwary. As with many taxes, the devil is in the details, Kell Canty, founder of CEO of Verady, developer of the Ledgible CryptoAsset Tax and Accounting platform, told
Newsweek.
Kell Canty, CEO, Verady (Photo Provided). Tax on forks and airdrops where a new asset is simply given to the crypto holder sometimes without their knowledge will have income tax obligations, he said. Some crypto activities such as decentralized finance, staking and others are new with little guidance, support, or reporting.
Mortgage interest rates rise: The difference each month between 3% and 4%
Updated Mar 10, 2021;
U.S. long-term mortgage rates ticked up this week but remain near historic lows. The Federal Home Loan Mortgage Corporation (Freddie Mac) reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan increased to 3.02% from 2.97% the previous week.
In comparison, the rate was 3.65% last March.
The lowest interest rate was 2.65% the second week of January 2021, and mortgage rates have risen by more than 30 basis points since then, according to Freddie Mac.
The average rate on 15-year fixed-rate loans, popular among those seeking to refinance their mortgages, rose to 2.34% from 2.21% last week.
Bitcoin Destined to Be the World s Currency, Value to Reach Infinity, Crypto Trader Claims newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.
VERO BEACH, Fla. (BUSINESS WIRE) Bimini Capital Management, Inc. (OTCBB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the fourth quarter of 2020 following the close of trading on the New York Stock Exchange on Thursday, March 11, 2021. Earnings Conference Call Details An earnings conference call and live audio webcast will