Ethereum Layer-2 Scene Booming, Base Cumulative Revenue Exceeds $10 Million

Base, a layer-2 scaling solution for Ethereum built using the Optimism technology stack, has earned over $10 million in cumulative revenue since launching in early August 2023.  Taking to X on November 28, Erick Smith, the chief investment officer of 401 Financial, citing Token Terminal’s data, shared layer 2’s steady growth in revenue. Notably, as […]

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Payments Technology Firm Nuvei Q4 Crypto Revenue Drops 58% From Year Ago

The sharp drop is set against revenue growth of 4% from $211.9 million to $220.3 million across the whole of Nuvei's business.

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FTX revenue reportedly grew 1000% in one year, leaked documents reveal

The revenue breakdown discloses a 1842.85% increase in operating income for FTX, from $14 million to $272 million in FY 2020-21.

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Robinhood's Q1 Crypto Revenue Rises Slightly From Previous Quarter

The company's quarterly revenue from cryptocurrency trading increased about $6 million to $54 million.

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Only Axie Infinity and Polygon Projects See Increasing Revenue in the Past Month

In the cryptocurrency space, Ethereum is the leader in terms of earning revenue which remains the case even during the ongoing low activity times. With just under $160 million in revenue, the second-largest network is bringing in some big numbers, followed by Uniswap at $104 million and PancakeSwap’s $45.

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Robinhood: Business & Financial Condition ‘Could Be Adversely Affected’ if Demand for DOGE Declines

34% of free-trading app’s revenue came just from DOGE, revealed Robinhood, whose crypto under custody soared by 23x in Q1 as 9.5 million customers traded $88 billion worth cryptocurrencies. The post Robinhood: Business & Financial Condition ‘Could Be Adversely Affected’ if Demand for DOGE Declines first appeared on BitcoinExchangeGuide.

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Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue

Robinhood’s IPO prospectus shows that 9. 5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year.

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IRS Urges Congress To Enforce Stricter Crypto Compliance, Addresses Tax Evasion

The U. S Internal Revenue Service (IRS) is bent on taking steps to crack down on cryptocurrency markets and transactions as it called out lawmakers to address tax evasion. IRS Wants $32M in Funding To Pursue Tax Evasion The IRS also requires funding to the tune of $32 million to pursue cryptocurrency tax evasion.

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Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2.

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Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1

Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market.

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Blockchain Infrastructure Firm Bitfarms Revenue Up 209% in Q1 2021

Blockchain infrastructure company Bitfarms generated $28.4 million in revenue during Q1 2021, an increase of 209% from last year. The post Blockchain Infrastructure Firm Bitfarms Revenue Up 209% in Q1 2021 appeared first on BeInCrypto.

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Voyager Digital sees 16X increase in quarterly revenue, first operating profit

The Canadian trading and yield app recorded $60 million in revenue for the first three months of 2021.

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Ethereum poster child MakerDAO’s annual revenue breaks above $200 million

The total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn.

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Metromile Insurance to Buy $10 Million Bitcoin, Will Pay Premiums in Crypto

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Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs.

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Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case? 

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an aggregate $64 million from newly minted coins and fees — up nearly 400% since a year ago.

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Coinbase Q1 2021 Revenue Set to Double Entire 2020 Earnings

The San Francisco-based Coinbase exchange has reported a Q1 2021 profit that is double that of the entirety of 2020. In its quarterly report, the exchange said that it expected to make a profit of $730–$800 million in Q1 2021.

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Coinbase Reports $1.8 Billion In Revenue, 6.1 Million Active Users For Q1

Major bitcoin investment portal Coinbase has reported significant growth in revenue and users as it approaches an imminent direct listing.

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Glassnode: Bitcoin Mining Profits Hits New All-Time-High 

Glassnode has revealed via its latest weekly newsletter released on March 15, 2021, that bitcoin (BTC) miners’ daily revenue has surged to a new all-time-high (ATH) of $52. 3 million, just as the price of the world’s flagship cryptocurrency kissed 61k for the first time ever over the weekend.

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FinTech, Investview, Reports a Record Month Adding $1 Million in Bitcoin & Crypto To Its Holdings

Fintech company Investview Inc. reported the highest monthly gross revenue in the month of February in the company's history. A public company, Investview, is listed on the OTC Markets Group. The company had $5.

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Travala (AVA) Adds Chainlink (LINK) for Booking Payments, Reports $1 Million Revenue in February

Pioneering crypto-friendly booking operator Travala (AVA) starts accepting LINK. It also witnesses 187% spike in revenue compared to February 2020

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An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions

A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies.

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Ethereum (ETH) Mining Revenue Hits New All-Time High in February

This is nearly 65% more than the previous $829,56 million earned by ETH miners in the previous month.   Of the total revenue, transaction fees accounted for almost 53%, nearly $723 million. The remaining 47%, or $644.

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Coinbase Discloses $1.28 Bln in 2020 Revenue in its Filing to Go Public on Nasdaq

The exchange also reported 43 million verified retail users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries. In terms of coin storage, BTC has the highest share at 70%, but it remains the same, unlike ETH, whose share jumped 4%.

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Cryptocurrency Ransomware Attacks Surged Over 300% in 2020: Chainalysis’ Crime Report

Revenue from crypto-related crime was reduced by 53% last year. Illicit funds, scams, and proceeds of crime through crypto also dropped. However, The value of ransomware attacks tripled, generating over $350 million.

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Bitcoin Miners Generate $50M Per Day During Bull Trend

Bitcoin price is trading at nearly $50,000 per coin and on-chain activity is soaring. The recent bull trend and surging interest surrounding the cryptocurrency has allowed miners to surpass over $50 million in revenue in a single day generated.

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Bitcoin Mining Revenue Hits New All-Time-High of $354 Million 

The weekly mining revenue of global bitcoin miners hit a new all-time-high of $354. 4 million last week. Analysts say the new record is partly due to the surge in the price of the digital currency coupled with the skyrocketing network fees, according to reports on February 15, 2021.

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Ethereum Mining Revenue Hits All-Time High Alongside Gas Prices

Research by crypto analytics provider Glassnode has reported that on Feb. 5, Ethereum miners earned $3. 74 million in a single hour. This marks the highest ever hourly revenue for the network. The report added that the total mining revenue for the same day was over $55 million, another all-time high for Ethereum.

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CoinFlip Exceeds One Million Transactions in 2020, Smashes Revenue Record with 359% YoY Growth

CoinFlip, the leading Bitcoin ATM operator globally, today announced record performance in 2020, with a 359% increase in revenue from the year prior and more...

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Ethereum Mining Revenue Hit 800 Million All-Time-High in January 

Ethereum mining revenue generated by miners in January 2021 dwarfed that of 2018. The second-largest crypto in the world has been attracting a lot of interest from the masses of late, thanks to the burgeoning decentralized finance (DeFi) ecosystem as well as the Eth2 staking craze.

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eToro Social Trading Platform Hits A Record $600 Million In Revenue in 2020

In an exclusive report on Finance Magnates this Tuesday, top social trading app, eToro, released its 2020 report, which shows a surging interest in cryptocurrency products on the platform. Over the past year, eToro registered a record gross revenue of $600 million as the interest in commission-free trading grows worldwide.

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Miners Have Already Earned Over $700 Million In Bitcoin Revenue This Month

While Bitcoin does well in terms of price, mining operations seem to be gaining traction as well. BTC miners have already brought in upwards of $700 million in revenue between January 1st and January 20th this year.

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Bitcoin Miners Saw 33% Revenue Increase in December

Miners earned an estimated $692 million last month.

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Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force

The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45. 5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official.

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Voyager Digital Preliminary Q4 Revenue Up by 75%; AUM Passes $200 Million

Voyager Digital, a Canada-listed crypto-asset broker, estimates that its Q4 revenue shot up by 75% compared to Q3; this is according to a business and operational update released by the firm on January 5th.

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Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving

Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the halving happened in […] The post Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving appeared first on Bitcoin News.

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US Insurance Giant with $28.6 Billion in Revenue Buys $100 Million Worth of Bitcoin

The Massachusetts Mutual Life Insurance Company–a 169-year-old insurance firm that generated $28. 6 billion in revenue in 2019, has bought $100 million of Bitcoin from its general investment account, the Wall Street Journal reported on Dec 11.

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Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes

Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.

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American Insurance Giant Buys $100 Million Bitcoin

One of the biggest insurance company in the world with $675 billion in assets under management and $30 billion in yearly revenue, has bought $100 million worth of bitcoin. “Our...

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Darknet Market Crypto Revenues Hit All-Time Highs in 2020

A study revealed that darknet markets have astonishing figures so far in 2020, despite the coronavirus pandemic, but the dynamics changed compared to the last year’s numbers. Darknet Vendors Surpassed $800 Million in Revenues Despite Covid Pandemic According to the Chainalysis report, darknet marketplaces surpassed the $800 million threshold worth of cryptocurrencies in revenue made […] The post Darknet Market Crypto Revenues Hit All-Time Highs in 2020 appeared first on Bitcoin News.

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Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January

Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s […] The post Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January appeared first on Bitcoin News.

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Crypto Broker Voyager’s Q1 Revenue Soars 186%, Assets Under Management Jump to $150 Million

Crypto asset broker Voyager Digital Ltd reported Monday that revenue for the fiscal first quarter ended Sept. 30 soared 186% to $2 million from $700,000 the previous quarter, as more users utilized the platform.

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Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.

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Bitcoin mining revenue hits yearly high, after return to pre-halving levels

Bitcoin mining revenue has topped $20 million per day, its highest level this year.

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Cash App’s Bitcoin Revenue Soars 1,000% to $1.63 Billion in Q3, Square Announces

Cash App, a mobile payment service of Square Inc. , generated more than $1. 63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin.

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Square Reports Over $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings

"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."

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Square’s Cash App Seeks Bitcoin Operations Manager to Forge ‘New Revenue Lines’

Twitter CEO Jack Dorsey’s Square continues to delve deeper into Bitcoin. After a $50 million investment in the leading digital asset, creating an entire crypto division, and forming COPA, Square’s Cash App, which has over 24 monthly active users, is now hiring for a Bitcoin operations manager.

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Bitcoin Miners Slow Down as Hash Rate Drops 26% But Miner Revenue Spikes

Over the weekend, the Bitcoin network's hash rate hit an all-time high as it has repeatedly been doing since the May halving when it dropped about 40%. During this time, the monthly miner revenue jumped from about $280 million (subsidy plus transaction fees) in June to $368 million in August.

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Bitcoin Miners Saw 11% Revenue Drop in September

Miners generated an estimated $328 million in September.

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