A New, Much Higher ATH: Cash App’s Bitcoin Revenue Jumps 11x to $3.51 Billion

Twitter and Square CEO Jack Dorsey says the long-term focus is on “enabling bitcoin to be a native currency” of the internet. The post A New, Much Higher ATH: Cash App’s Bitcoin Revenue Jumps 11x to .

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NYDIG and FIS Partner to Bring Bitcoin to Bank Accounts

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eBay Looking to Add Crypto Payments and NFTs

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NFTs by mail? US Postal Service plans to support postage tokens

The government agency reported $73.1 billion in revenue from postage and other services in the 2020 fiscal year.

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Nvidia Reports Upbeat Q1 Revenue, Crypto Mining Unit Sales Beating Forecast by 3x

Nvidia Corp. ’s first-quarter revenue will beat its forecast for $5. 3 billion, said the chipmaker at its annual investor day. These higher than forecasted numbers are driven by strong demand for its chips that power data centers and cryptocurrency mining.

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The Coinbase IPO: What Does It Mean For The Crypto Market?

Cryptocurrency exchange Coinbase will be conducting its own Initial Public Offering (IPO). Following a successful year that saw the exchange generate over $1. 8 billion in revenue. BiC looks at the bullish and bearish scenarios of the potential Coinbase IPO.

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Total Value Locked (TVL) in DeFi Surpasses $100 Billion; Revenue is Ready to Hit $1 Bln

Decentralized finance (DeFi) continues to grow at a fast pace, with more and more value getting locked up in the applications. Today, the total value locked (TVL) in them has surpassed a whopping $100 billion, as per DeFi Llama.

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Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1. 8 billion — singlehandedly topping all of last year’s revenue combined.

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Inside America’s largest Ethereum mine with its anonymous founder

Global revenue for Ethereum miners broke a new monthly record, surpassing $1 billion dollars in February 2021. The post Inside America’s largest Ethereum mine with its anonymous founder appeared first on CryptoSlate.

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Coinbase’s Active Users Spiked 117%, Sending Q1 2021 Revenue To A Whopping $1.8B

Telling prospective investors that your cryptocurrency exchange made an insane $1. 8 billion during the first three months of the year is certainly an optimal way of marketing your company just days before its Nasdaq listing.

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Coinbase’s first-quarter revenue hits record $1.8B ahead of its Nasdaq listing

Coinbase raked in $1.8 billion revenue in the first quarter of this year, according to new figures released one week prior to the company’s public listing on Nasdaq.

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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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Ethereum Miner Revenue Surpassed February’s ATH to Hit $1.38 Billion in March

March was another excellent month for Ethereum miners, as their monthly revenue hit a new all-time high of $1. 38 billion. The price of Ethereum has continued to surge in April, despite bitcoin (BTC) failure to overcome the $60k barrier.

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Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month

On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1. 5 billion in coinbase rewards and transaction fees.

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Bitcoin Miners Raked in a Record $1.75 Billion in Revenue in March; Making a Hatrick of Over $1 Bln

Bitcoin miners earned a whopping $1. 5 billion in revenue in March, making a new record in monthly revenue as the price of Bitcoin made a new all-time high at $62,000 in the month. Q1 was actually the best quarter for BTC price in eight years, with more than 100% uptrend.

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China’s Inner Mongolia Bans Crypto Mining while Bitcoin Miners Rake in Record-Breaking Revenue

The cryptocurrency miners have broken the December 2017 revenue record of $1. 25 billion by generating a whopping $1. 36 billion in revenue in February. Up 21% from January revenue, the latest numbers are in part due to the price of Bitcoin hitting a new peak at just above $58,300.

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Apple Well Positioned to Offer Crypto Trading — Analyst Says Company Should Hold Bitcoin in Treasury

Apple Inc. is well positioned to offer cryptocurrency trading, according to an analyst with global investment bank RBC Capital Markets. Not only will Apple gain instant market share in the crypto space, but the move could also generate the Iphone maker well over $40 billion in annual revenue.

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Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record

Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year.

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Bitcoin Miners Saw Revenue Rise 62% in January From December

Miners earned over $1.1 billion in January.

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Bitcoin Miners Banked More Than $1 Billion in January

This follows the highest monthly revenue for Bitcoin (BTC) miners ever, witnessed in December 2017. At the peak of “crypto winter,” miners banked more than $1. 25 billion. Increase in Bitcoin Mining Revenue The revenue also surpassed last year’s January record when miners earned slightly over $1 billion.

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Bitcoin to Add $1 Billion in Revenue to PayPal Says Analyst

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PayPal May Earn $2 Billion in Revenue from Bitcoin Alone By 2023

Dan Dolev, an analyst with Mizuho, predicts PayPal to earn $2 billion in revenue by 2023 from Bitcoin alone, MarketWatch reported on Jan 15. Support for Cryptocurrencies is a Boost In late October, PayPal–a US-based payment processing company–announced their support for cryptocurrencies.

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Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst

Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%.

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Mizuho Forecasts $2 Billion In Bitcoin Revenue For PayPal

Paypal introduced cryptocurrency to its platform last year in what turned out to be a major headliner in the world of crypto. Analysts predicted that the decision of the world’s largest payment processor to enable its users to buy and hold cryptocurrencies will provide the turning point required for crypto to go mainstream. By launching […]

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Bitcoin Miners Raked In $20 Billion to Date

Cumulative Bitcoin mining revenue has reached $20 billion

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PayPal Expected to Generate $2 Billion Worth of Revenue from Bitcoin: Mizuho

Mizuho has estimated PayPal's future revenue from cryptocurrency services

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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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Investment Bank Buys Bitcoin, Says it is Now “Part of the System”

An investment bank with $3 billion in yearly revenue and some $50 billion in assets under management now holds bitcoin in its long only portfolio for pension funds. Christopher Wood,...

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Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes.

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Brazil Bought and Sold $6 Billion Bitcoin Says IRS

Brazilians have bought and sold $6.3 billion bitcoin according to their Inland Revenue Service (IRS). They say since August 2019 trading providers were required to provide details to the Federal...

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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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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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Asia’s Banking Giant Gets Greenlight For Bitcoin and Ethereum Exchange

One of Asia’s biggest bank with half a trillion in assets under management and $10 billion in yearly revenue, has announced they have received an “in-principle approval by the Monetary...

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Blockchain Bites: $187M Blockchain Bond, $522M BTC Mining Revenue and ‘Ethereum-First’ Institutional Investors

Singapore is funding blockchain R&D. Germany's second-largest stock exchange's crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of "Ethereum-first" institutional buyers.

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IlCOIN Launches Blockchain-Powered VR First on Steam

Growing demand for VR games finally meets blockchain technology in the first-ever crossover game Age of ILCOIN. Gaming and especially virtual reality gaming are picking up speed, with virtual reality gaming expected to vault over $1 billion in total revenue in 2020.

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Global Telco Cloud Revenue Will Grow to US$29.3 Billion by 2025

 Global telco cloud revenue will grow to US$29.3 billion by 2025, up from US$8.7 billion in 2020, at a 5-year Compound Annual Growth Rate (CAGR) of 27%. The telco...

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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’s quarterly Bitcoin revenue surpasses $1 Billion

Square has released its third-quarter figures for the month, and the payment company has... The post Square’s quarterly Bitcoin revenue surpasses $1 Billion appeared first on Coin Journal.

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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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PEP Shares Slightly Up, PepsiCo Revenue in Q3 Grew 5.3%

Coinspeaker PEP Shares Slightly Up, PepsiCo Revenue in Q3 Grew 5. 3%PepsiCo reported revenue of $18. 09 billion versus the anticipated $17. 23 billion. PEP shares haven't been significantly affected.

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Blockchain Bites: Airdrops, Record Volumes, $1B BTC on Ethereum

Ethereum miners are reaping revenue from increased transaction volume from DeFi, as more than $1 billion worth of BTC migrates over.

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Will Hydra’s darknet market tentacles reach the West?

Hydra, Russia’s largest darknet marketplace generated more than $1.2 billion in crypto revenue between June 2019 and July 2020 and now plans to launch a new darknet market targeting Western users.

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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.

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Top Bitcoin Mining Firms Bitmain, Ebang, and Canaan Are Shifting Focus to the Development of AI Chips

The Bitcoin mining industry is facing an overhaul in mining equipment production as three of the top mining pools – Bitmain, Ebang, and Canaan – all aim at introducing AI chips in the future. Since the launch of Bitcoin, miners have pocketed over $14 billion in rewards, but this revenue is slowly diminishing as new, […]

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BLK Stock Rises 0.27% in Pre-market as BlackRock Reveals Q2 Results that Beat Expectations

Coinspeaker BLK Stock Rises 0. 27% in Pre-market as BlackRock Reveals Q2 Results that Beat ExpectationsBlackRock declared revenue of $3. 65 billion in Q2, 3. 7% higher than in the same period last year.

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Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action

NVidia has petitioned the California court to dismiss the class action suit made by its investors. The lawsuit against the firm’s top brass alleges that they understated more than $1 Billion in revenue between 2017 and 2018 from crypto mining GPUs instead of owing it to the gaming sector.

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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.

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Apple Reveals Earnings for Fiscal Q2, Results Beat Expectations, AAPL Stock Down 3% Now

Coinspeaker Apple Reveals Earnings for Fiscal Q2, Results Beat Expectations, AAPL Stock Down 3% NowApple reported revenue of $58. 3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street's muted expectations.

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USD Stablecoins Are Surging, but Zero Interest Rates Complicate Business Model

With investors seeking safety in dollars, stablecoins have seen inflows of more than $2 billion since the crash. But, says our columnist Hasu, zero interest rates threaten business revenue.

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