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Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1. 25 million contract to provide tools that break the privacy-focused coin, monero, for the U. S. Internal Revenue Service (IRS). дальше »
2020-10-3 19:35 | |
Ethereum Miners Made $285 Million From Fees in August
Miners on the Ethereum network generated over $285. 1 million in revenue this August, representing a month-over-month increase of 98. 2% and a 25-month high, according to research from The Block. Ethereum Fees Boom On the back of the booming DeFi market and interest in Ethereum rising as an extension. дальше »
2020-9-8 17:00 | |
Band Protocol Says its CTO Only Reviewed SushiSwap’s Code for ‘Safe’ Deployment
Over the weekend, Uniswap clone SushiSwap became the center of attention when its anonymous creator Chef Nomi converted his SUSHI tokens for $13 million worth of Ether. Unlike Uniswap, SushiSwap has its own token SUSHI through which people can earn a portion of the automated money market’s (AMM) revenue by providing liquidity. дальше »
2020-9-7 17:45 | |
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
The new U. S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies. дальше »
2020-8-22 19:30 | |
Bitcoin Lending Startup BlockFi Raises $50 Million in New Funding
Coinspeaker Bitcoin Lending Startup BlockFi Raises $50 Million in New FundingBlockFi has managed to attract new funding from investors. At the moment, BlockFi has $1. 5 billion in crypto assets on its lending platform and is producing a little less than $10 million per month in revenue. дальше »
2020-8-20 20:08 | |
Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6. 9 million from $21. 2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. дальше »
2020-8-15 10:30 | |
Ethereum Transaction Fees Exceed Block Rewards, Network Utilization Stands at 96%
For the first time in Ethereum’s history, miners earned a record 30,500 ETH on Aug 12 as revenue from transaction fees – at 17,000 ETH ($6. 87 million), exceeded block rewards — which stood at 13,500 ETH. дальше »
2020-8-13 15:00 | |
Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%
Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. дальше »
2020-8-6 17:15 | |
Square’s Cash App Reports $17 Million Bitcoin Gross Profit in Q2 2020
Jack Dorsey’s Square has announced on August 4, 2020, that it generated a massive $875 million in bitcoin (BTC) revenue via its Cash App platform in the second quarter of 2020. The firm’s report shows that over 30 million people used Cash App in June, with more than seven million users transacting with the CashRead MoreRead More. дальше »
2020-8-5 17:07 | |
Square Raked in $875 Million in Bitcoin Revenue During Q2 2020
In an early release of it’s most recent shareholder report, fintech giant Square announced that it did $875 million in Bitcoin revenue during the second quarter of 2020. This figure was primarily driven by its Cash App, which enables users to buy and sell Bitcoin. дальше »
2020-8-5 15:40 | |
Jack Dorsey’s Square Rides the Bullish Bitcoin Wave, Delivers Increased BTC Revenue for Q2 2020
Square reported $875 million in revenue from Bitcoin through Cash App in Q2 2020. This is 3x the revenue from Q1 2020 and 25x since Q1 2018 when the Bitcoin trades feature first went live on the mobile payment service, Cash App. дальше »
2020-8-5 12:18 | |
RYA Stock Down 8%, Ryanair Posts Q1 Loss of 185 Million Euros amid Coronavirus Pandemic
Coinspeaker RYA Stock Down 8%, Ryanair Posts Q1 Loss of 185 Million Euros amid Coronavirus PandemicFor the reported Q1, the Ryanair revenue dropped by 95%. RYA stock lost over 8% after the statement was published. дальше »
2020-7-27 11:55 | |
Crypto Asset Broker, Voyager Digital, Reports An Impressive 1,159% YoY Revenue Jump
The preliminary report, released by Voyager, showed that the unaudited revenues by the firm jumped an impressive 1,159% over the year to $1. 1 million. The company registered over 230,000 customers in the past fiscal year as the brokerage accounts increased 750% year-on-year to 86,000 accounts. дальше »
2020-7-15 20:10 | |
Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition
Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29. 6 million from $27 million a year ago. For the year, operating income fell 6% to $19. 9 million from $21. дальше »
2020-7-3 19:05 | |
Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming
The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is now noting that this marks the […] дальше »
2020-6-24 02:00 | |
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1. 1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year period. дальше »
2020-6-18 00:05 | |
Brave passes 15 million monthly active users
The Brave Browser is focused on increasing browsing speed and privacy for users, while growing ad revenue share for content creators. дальше »
2020-6-6 12:00 | |
LCG Energy raises $60M in an ongoing ICO and is surging to success
LCG Energy is a utility provider and contractor that has been on the market for more than 11 years. With its revenue of €40 million in 2019 and forecasts to increase that number to €200 million this year, the company is on the verge of becoming an international leader in the sector. The first step […] дальше »
2020-5-22 00:34 | |
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8. 59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. дальше »
2020-5-13 03:15 | |
Bitcoin halving in the midst of pandemic to favor Chinese miners
Bitcoin miners generated a total of $387 million in revenue for March 2020. Cumulatively, miners have earnt over $12.5 billion in revenue between 2018 and 2020. Hence mining has become an increasinglyThe post Bitcoin halving in the midst of pandemic to favor Chinese miners appeared first on AMBCrypto. дальше »
2020-5-11 16:30 | |
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U. дальше »
2020-5-10 03:01 | |
Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million
Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. дальше »
2020-5-8 06:04 | |
Square’s Cash App & Grayscale Combined Consume Over 50% of Bitcoin’s Daily Supply
This is a whopping 367% increase over the same quarter last year at $66 million. Revenue from bitcoin now accounts for 57% of Cash App’s total reported revenue, up from 47% in 2019. Bitcoin revenue generated a gross profit of $7 million, benefitting from “an increase in transacting active bitcoin customers and growth in customer […] дальше »
2020-5-7 17:57 | |
Bitcoin Brought in More Revenue for Cash App than Fiat in Q1 2020
Bitcoin brought in more revenue for Square’s Cash App than fiat, the company has revealed via its first-quarter earnings results released Wednesday. In a shareholder letter detailing the company’s financials in the first quarter of 2020, Cash App’s revenues totaled $528 million. дальше »
2020-5-7 17:07 | |
Square Sees Remarkable Boost In Q1 2020 Bitcoin Revenue
During the first quarter of 2020, Square’s Cash App received $528 million in profits. This is seen from the ‘Q1 2020 Letter to Shareholders’. Twitter CEO and founder of Square, Jack Dorsey says revenue includes both Bitcoin and the fiat payments fees. дальше »
2020-5-7 16:52 | |
Peloton (PTON) Shares Up 15% in Pre-market, Sales Surge 66%, More People Buy Bikes Now
Coinspeaker Peloton (PTON) Shares Up 15% in Pre-market, Sales Surge 66%, More People Buy Bikes NowPeloton has seen a 66% surge in sales and generated $524. 6 million in total revenue for the fiscal third quarter that ended on March 31. дальше »
2020-5-7 12:02 | |
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8. 62 million ($10. 78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. дальше »
2020-4-30 01:00 | |
MoneyGram’s Revenue Is Booming, Thanks To Ripple and XRP
Moneygram, – The second-largest money transfer company in the world (after Western Union) – reported an $11. 3 million profit, obtained after its alliance with Ripple, implementing Ripple’s ODL solution, through its Annual Report to the U. дальше »
2020-3-23 10:02 | |
MoneyGram Has Made ‘Millions’ Selling Ripple’s XRP
In its recently filed annual report to the U. S. Securities and Exchange Commission MoneyGram reports $11. 3 million in revenue as a result of its Ripple partnership. Ripple Labs pays the remissions company as an incentive to use RippleNet in its operations. дальше »
2020-3-23 19:30 | |
Bitcoin Purchases on Dorsey’s Square Cash App, Records Its 7th Straight Quarter of Growth
According to the financial report of the quarter four of Twitter founder and bitcoin proponent Jack Dorsey’s Square, customers bought $178 million of Bitcoin. In total, the peer-to-peer payments and stock trading Cash App generated $361 million in revenue, half of which came from bitcoin trading. дальше »
2020-2-29 22:24 | |
Square Sold $517 Million Worth of Bitcoin Via Its Cash App in 2019
Details from Square’s recent shareholder letter show that the company sold $517 million worth of Bitcoin in 2019 with sales of the top cryptocurrency accounting for about half of its revenue in Q4 of last year. дальше »
2020-2-28 22:00 | |
Ripple Partner Reports Loss In Q4 2019
In a just-released earnings report, Ripple partner, MoneyGram, showed a USD $11. 9 million loss for the fourth quarter of last year. This is the fifth consecutive quarter without a profit. Nevertheless, the company’s partnership with Ripple is set to open new sources of revenue. дальше »
2020-2-26 02:00 | |
BlockFi Raises $30M Series B Led by Valar Ventures
New Jersey-based crypto-focused financial services company BlockFi announced today that it has raised $30 million in Series B funding led by Valar Ventures. BlockFi Saw 20x Revenue Growth in 2019...The post BlockFi Raises $30M Series B Led by Valar Ventures appeared first on Crypto Briefing. дальше »
2020-2-13 16:58 | |
A licensed utility provider to launch the first token supporting renewable energy projects: meet LCG Energy
LCG Energy is the first utility provider aiming to push the adoption of renewable energy projects through blockchain technology and green investments. After hitting a record revenue of €40 million in 2019 and forecasting an increase to €200 million due to several strategic partnerships, the company is on its way of acquiring renewable energy projects […] The post A licensed utility provider to launch the first token supporting renewable energy projects: meet LCG Energy appeared first on NullTX. дальше »
2020-2-13 23:15 | |
Snapchat (SNAP) Stock Drops 11% as Revenue Fails to Meet Analysts’ Expectations
Coinspeaker Snapchat (SNAP) Stock Drops 11% as Revenue Fails to Meet Analysts’ ExpectationsSnap's revenue did not meet analysts' expectations of $563 million which had a negative impact on SNAP stock price. дальше »
2020-2-5 13:38 | |
Binance lags behind Huobi and OKEx in terms of estimated trading fee revenue
Leading cryptocurrency exchange, Binance's estimated trading fee revenue in December 2019 was $18.7 million. The estimated trading fee revenue was calculated using CryptoRank.io reported volumes for DThe post Binance lags behind Huobi and OKEx in terms of estimated trading fee revenue appeared first on AMBCrypto. дальше »
2020-1-27 11:00 | |
Apple Stock Keeps Growing amid Record App Store Sales
Coinspeaker Apple Stock Keeps Growing amid Record App Store SalesThe record holiday-week sales represent a 16% increase from the year-ago period. App Store revenue totaled $386 million on New Year's Day alone, Apple said. дальше »
2020-1-10 20:06 | |
Crypto payment app Cryptopay generates revenue of €2.9 million in 2019
Cryptopay, a cryptocurrency payment platform, has announced that the company generated a total of €2,891,945 in revenue for the 2019 year. According to the record, November’s 2019 revenue was the third-highest since Cryptopay’s first report was published. дальше »
2020-1-3 15:19 | |
Korean Government Brings the Hammer Down on Bithumb, Taxing The Crypto Exchange $68 Million
The Internal Revenue Service has imposed an obligation on cryptocurrency exchange Bithumb to “withhold withholding” on income from cryptocurrency transactions by foreign users, reported local sources. дальше »
2019-12-30 16:15 | |