BlockFi tops revenue grower list with 250,000% increase, BitGo aims to sue Galaxy Digital, and Bitcoin’s price drops: Hodler’s Digest, Aug. 14-20

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Ethereum: Assessing reasons behind decline in daily revenue on network

Fees paid to process transactions on the Ethereum [ETH] network are at a one-year low, data from IntoTheBlock revealed. This can be primarily attributed to the movement of transactions. These were preThe post Ethereum: Assessing reasons behind decline in daily revenue on network appeared first on AMBCrypto. дальше »

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Biden is hiring 87,000 new IRS agents — and they're coming for you

The Internal Revenue Service is hiring a fleet of new agents. And they’re probably coming for you — regardless of your income level. дальше »

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Is Filecoin Network's Incentive Plan Sustainable? Crypto Analysts Want to Know

Almost all of the data-storage network’s recent deal growth has come from one incentive program, and project leaders are now looking for new revenue streams. дальше »

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Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter

Supercomputing services provider Canaan (CAN) said Q2 revenue increased by 53% from the year-earlier quarter, but warned of the downward pressure on its performance from the tougher market conditions in the quarters ahead. дальше »

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Statistics in this crypto crime report might give you goosebumps

The total crypto scam revenue year-to-date currently stands at $1.6 billion as recorded by a recent Chainalysis report. This purports a near 65% decline from the previous year's period which appearThe post Statistics in this crypto crime report might give you goosebumps appeared first on AMBCrypto. дальше »

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Coinbase Will Be ‘Meaningful’ Beneficiary of Ethereum Merge, JPMorgan Says

Coinbase's staking offering will drive revenue for the crypto exchange, the bank's equity analyst said. дальше »

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BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years

The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer. дальше »

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Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate. дальше »

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Crypto Miner Core Scientific Cuts 10% of Staff, Keeps Hashrate Projection

The miner’s second quarter revenue almost doubled compared to last year. дальше »

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Hut 8 сообщила об убытке в $69 млн за второй квартал

По итогам второго квартала канадская майнинговая компания Hut 8 зафиксировала убыток в размере $69,2 млн против $55,7 млн чистой прибыли в январе-марте. Q2 2022 Highlights💰Revenue $43. дальше »

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Ban Banks From Holding Crypto, UN Development Body Says

UNCTAD recommends extra taxes on crypto transactions and ad restrictions to boost states' revenue and safeguard financial stability. дальше »

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Digital Asset Platform Bakkt's Q2 Loss Narrows to $27.6M; Year Revenue Forecast Range Cut

The firm lowered its yearly net revenue guidance to $57 million- $62 million. дальше »

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Bakkt's Q2 Loss Narrows to $27.6M, Tones Down Yearly Guidance

The firm lowered its yearly net revenue guidance to $57 million- $62 million. дальше »

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After Brutal Q2, Coinbase Needs to ‘Get Smart’ About Revenue Streams: Analyst Says

Michael Safai, managing partner at Dexterity Capital, joined CoinDesk TV’s “First Mover” to discuss Coinbase's second-quarter earnings and the outlook for the crypto exchange. дальше »

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Methane-Capturer Vespene Energy Raises $4.3M To Help Cities Mine Bitcoin

Vespene builds infrastructure for municipalities to mine bitcoin, creating a new revenue stream and encouraging education in the Bitcoin ecosystem. дальше »

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Nuvei Tempers Yearly Expectations Due to Crypto Volatility

The payments technology firm has tempered its outlook for the remainder of 2022 after its Q2 revenue fell short of expectations, partly due to volatility in cryptocurrencies. дальше »

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What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. дальше »

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Block Inc. Lowers Sights as Revenue from Bitcoin Drops

Payments firm Block Inc. has said it will slow hiring and lower its 2022 investment target by $250 million after announcing its second quarter financial results. The post Block Inc. Lowers Sights as Revenue from Bitcoin Drops appeared first on BeInCrypto. дальше »

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Jack Dorsey’s firm, Block Inc., posts $1.47B Q2 profits, Bitcoin revenue drops

Former Twitter CEO Jack Dorsey’s digital payments firm, Block Inc., registered a $1.9 billion… The post Jack Dorsey’s firm, Block Inc., posts $1.47B Q2 profits, Bitcoin revenue drops appeared first on CoinJournal. дальше »

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Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand. дальше »

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Block Beats Q2 Estimates but Bitcoin Revenues Fall

The payments firm beat analysts’ revenue estimates, but the company said sales were down year-over-year due to a decrease in bitcoin revenue. дальше »

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‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss

The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter. дальше »

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Ethereum Miner Revenue Surpassed Bitcoin in July; Both Drop Below $600 Million

Ethereum miners' revenue surpassed Bitcoin mining profitability again. Unfortunately, the cryptocurrencies saw mining revenues fall under $600M. The post Ethereum Miner Revenue Surpassed Bitcoin in July; Both Drop Below $600 Million appeared first on BeInCrypto. дальше »

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Binance Investigations Officer: AML Cost Exchange ‘Billions in Revenue’

Three Binance compliance officers give a fiery response to allegations of illicit activity, sanctions evasion and darknet links. дальше »

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Binance Compliance Officer: KYC Cost Exchange ‘Billions in Revenue’

Three Binance compliance officers give a fiery response to allegations of illicit activity, sanctions evasion and darknet links. дальше »

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Critique on Helium’s $6.5K monthly revenue causes a stir

The “complete lack of end-user demand for Helium should not have come as a surprise,” noted Web3 critic Liron Shapira.

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Bitcoin Hash Rate Plummets From All-Time High

Does hash rate fall this significantly often? Miner monthly revenue nears 2017 levels. Hash price is now 48% up from the lows. Is this a mining death spiral? дальше »

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Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2

Meta reported revenue of $452 million for the division, down from $695 million in the first quarter. дальше »

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Bitcoin Miner Core Scientific Signs 75MW Hosting Deal

Once all the ASIC servers are fully deployed, the agreement is seen generating about $50 million in annual revenue, said the company. дальше »

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The Layer-2 Wars could be the next big trend in crypto leading up to The Merge

DeFi analyst and YouTuber Patrick Dynamo DeFi, highlighted Monday several exciting trends in the world of DeFi, including the rise of the “L2 wars. ” Over the past week, revenue for Polygon, Optimism, and Arbitrum, popular scaling solutions for Ethereum, were up 36% – 54% following Ethereum’s price rally. дальше »

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First Mover Asia: Is DEX Efficiency a Long-Term Threat to Coinbase; Bitcoin Sinks Below $22K

Coinbase’s revenue dwarfs the decentralized exchange Uniswaps, but the two companies are generating roughly the same trading volume, and Uniswap is operating with a significantly smaller workforce. дальше »

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First Mover Asia: Is DEX Efficiency a Threat to Coinbase Long-Term?; Bitcoin Sinks Below $22K

Coinbase’s revenue dwarfs the decentralized exchange Uniswaps, but the two companies are generating roughly the same trading volume, and Uniswap is operating with a significantly smaller workforce. дальше »

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Axie Infinity is painting a giant bearish pattern — will AXS price crash another 95%?

Axie’s monthly revenue has dropped over 98% from its August 2021 peak of $364.4 million.

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1INCH's price suffers despite network growth, here’s why

1Inch network has made significant strides in the last quarter as it saw an uptick in its quarterly revenue. And, amassed a growth in the total transactions processed on the network in Q2 2022, as perThe post 1INCH's price suffers despite network growth, here’s why appeared first on AMBCrypto. дальше »

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Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive

The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week.

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Hardware wallet industry to outstrip crypto exchanges: Report

Global crypto exchange revenue is estimated to grow at a 13% CAGR by 2028, while the hardware wallet market is expected to exhibit a CAGR of 27% by 2027. дальше »

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Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue

Nigerian banks are reluctant to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. The post Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue appeared first on CryptoSlate. дальше »

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Bitcoin per transaction cost goes down every four years — Coincidence?

The cost per Bitcoin transaction is calculated by dividing miners' revenue by the number of transactions, thus implying an unpredictive trend. дальше »

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DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive

It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market. дальше »

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Ethereum (ETH) 7D Revenue Stats Are 330 Times Bigger Than Cardano's (ADA): CryptoRank

Cardano (ADA) 7D revenue results leave much to be desired, according to top 10 blockchain ranking дальше »

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Ethereum's Future Looks Uncertain as Network's Average Fee Crashes to $0.88

Ethereum could face some problems if revenue does not recover дальше »

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Global GPU price drops to compensate for falling Bitcoin mining revenue

The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment. дальше »

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DeFi Lender Aave Plans to Launch Stablecoin, Says CEO

Aave has revealed plans to launch a U.S. dollar-pegged stablecoin called GHO, part of an effort to expand revenue and make borrowing on the DeFi protocol "more competitive". The post DeFi Lender Aave Plans to Launch Stablecoin, Says CEO appeared first on BeInCrypto. дальше »

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Bitstamp Introduces ‘Inactivity Fee’ From Aug. 1; Here’s How to Avoid It

Crypto exchange Bitstamp is set to introduce an 'Inactivity Fee' from Aug. 1, as the market downturn hits the revenue of businesses in the sector. The post Bitstamp Introduces ‘Inactivity Fee’ From Aug. дальше »

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Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners' revenue

The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy.

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Hardware crypto wallet sales increase as centralized exchanges scramble

Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges. дальше »

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Bitstamp introduces ‘inactivity fee’ to shore up revenue

Crypto exchange Bitstamp has announced it will start charging an inactivity fee of €10 per month from August 1. The post Bitstamp introduces ‘inactivity fee’ to shore up revenue appeared first on CryptoSlate. дальше »

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Why The UK Opened A Consultation On Crypto, DeFi, And Staking Taxation

The U.K. HM Revenue & Customs (HMRC) agency opened a consultation on the state of crypto taxation, specifically for decentralized finances (DeFi). This call for evidence will have an 8-week duration from today July 5th until August 31st, 2022 and could result in significant changes to the DeFi tax structure. Related Reading | 3 Lessons From […] дальше »

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How Should DeFi Be Taxed? The U.K. Government Wants to Know

Her Majestys Revenue and Customs is seeking views from investors, professionals, and firms engaged in the DeFi space. U.K. Mulls New Tax Rules for DeFi The U.K. government wants help... дальше »

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