Lido fundamentals shine even as the wider crypto market struggles to regain traction

Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers.

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Bitcoin miner TeraWulf raises $17M in Q3, but here's the catch

Riot Blockchain reported revenue of $46.3 million for Q3 2022 Australian crypto mining group Iris Energy has received a default notice from Bitmain Technologies Bitcoin mining company TeraWThe post Bitcoin miner TeraWulf raises $17M in Q3, but here's the catch appeared first on AMBCrypto.

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Coinbase Reports Higher-Than-Anticipated User Counts Despite Declining Third-Quarter Revenue

The release of the company’s shareholder letter for the third quarter of 2022 was announced today by Coinbase Global, Inc. (the “Company” or “Coinbase”). According to the report, $COIN filed a net loss of $545 Million.  The shareholder’s letter claims…

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Coinbase burns $546M of USD resources as it reports another quarter in the red with a 55% revenue decline

Coinbase reported its third-quarter earnings after the bell on November 3, revealing a decline of 55% in revenue year-over year as Q3 revenue came in at $590. 3 million, down from $1. 31 billion in Q3 2021.

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Robinhood’s Crypto Revenue Declined 12% to $51 Million in Q3

The popular no-fee trading app’s monthly average users fell to 12.1 million as customers navigated a “volatile market environment.”

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Lending Platform SoFi's Revenue Jumps 56% in Q3

Nasdaq-listed lending fintech SoFi (SOFI) posted third-quarter revenue of around $424 million, a jump of over 55% from the corresponding quarter a year ago.

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Lending Fintech Platform SoFi's Revenue Jumped More Than 55% in Q3

Nasdaq-listed lending fintech SoFi (SOFI) posted third-quarter revenue of around $424 million, a jump of over 55% from the corresponding quarter a year ago.

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Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023

Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter.

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An Introduction to Ethereum Name Service (ENS)

There were 437,000 new ENS domain registrations in September 2022, generating over $5.5 million in revenue. The post An Introduction to Ethereum Name Service (ENS) appeared first on NFT News Today.

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Top 5 Blockchain Games to Watch in October 2022

The GameFi industry appears to be the future, if not another bubble that is waiting to burst. A Closer Look Into Blockchain Gaming Globally, the NFTs market continues to swell, with reports of revenue of over $100 million being made.…

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Can OpenSea drown if PFP NFTs continue to not captivate investors

With $9.2 million netted as revenue, OpenSea, the world's largest NFT marketplace led dYdX, PancakeSwap, and Ethereum Name Service with the highest monthly growth in September. This, according to datThe post Can OpenSea drown if PFP NFTs continue to not captivate investors appeared first on AMBCrypto.

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OpenSea Recorded $144.5M in Revenue in Q3, With Creators Benefitting 76% of Funds

OpenSea earned $144.5 million in fees from users, with most of the money going to creators, according to Token Terminal. The post OpenSea Recorded $144.5M in Revenue in Q3, With Creators Benefitting 76% of Funds appeared first on BeInCrypto.

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Coinsquare acquires publicly traded crypto exchange CoinSmart

CoinSmart reported $16.7 million in gross revenue in 2021 as retail trading volumes soared during the Bitcoin bull market.

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Ethereum miners dump 30K ETH, stonewalling 'ultra sound money' deflation narrative

Ethereum miners have sold over $40 million worth of ETH because of the Merge and plummeting revenue.

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Fireblocks Sees Over $100 Million In Revenue From Subscriptions

Although the crypto market is suffering a long-lasted downtrend and investors reflect negative sentiments, crypto adoption seems to be growing on another verge. Fireblocks, a software-as-a-service (SaaS) company currently operating over 1300 crypto and web 3 businesses, has hit a new high in revenue, indicating crypto use cases continue attracting more businesses worldwide. Related Reading: […]

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Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status

Blockchain, digital asset security and crypto development platform Fireblocks announced that its 2022 annual recurring revenue exceeded the $100 million mark, giving the company a unicorn status among startups.

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Crypto Exchange Coinbase to Benefit Near Term From Staking Revenue After Ethereum's Merge, Goldman Says

The exchange could generate $250m-$600 million in incremental staking revenue from ether, the bank said.

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Bitcoin Mining Revenue Surged 10% In August

The first monthly gain since March, bitcoin mining revenue increased 10% in August. Bitcoin Mining Revenue Soars Approximately $657 million was earned by miners last month, according to statistics gathered by The Block Research.

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FTX Posted $1 Billion in Revenue Last Year Amid Crypto Rally: Report

Revenues soared 1,000% from just $89 million in 2020, according to internal documents seen by CNBC.

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FTX revenue soared 1,000% amid last year’s crypto craze: report

FTX saw its 2021 revenue grow from $89 million to hit over $1 billion…

The post FTX revenue soared 1,000% amid last year’s crypto craze: report appeared first on CoinJournal.

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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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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MakerDAO Seeks To Invest $500 Million In Untapped Territories OF Bonds And Treasuries

As the bear market trend is getting more intense, many protocols and other crypto-related firms are making moves for survival. On its part, MakerDAO plans on a minimal risk investment strategy to raise revenue.

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Bitcoin Miner Mawson Infrastructure Produced 185 Bitcoin In Record-Breaking May

The bitcoin mining company increased its ASIC fleet by 4,000 machines, driving up its hash rate and delivering a record-breaking revenue of $3.8 million.

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Axie Infinity Revenue Continues To Collapse – Here’s Why

Axie Infinity, a blockchain-based play-to-earn game, generated a measly $988,400 in total revenue the previous week, which is the first time that the popular P2E game that allows you to earn SLP coins, amassed lower than 1 million since February 2021.

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Bitcoin Infrastructure Provider Mash Closes $6 Million Seed Round

Mash, a Bitcoin Lightning Network infrastructure provider, closed a $6 million seed round to build out its usage-based revenue model for content creators.

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Mining-Rig Maker Canaan Q1 Revenue More Than Triples

Bitcoin mining company Canaan said revenue surged 237% from the year-earlier quarter to $213.9 million.

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Ethereum Miners Surpass Bitcoin Miner Revenue By $224M

After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue and recorded a gap of $224 million in April 2022.

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Ethereum Miner Revenue Surpassed Bitcoin By $224M in April

Bitcoin miners took a back seat in mining profitability during the month of April as Ethereum miners saw $224 million more revenue than Bitcoin miners.  The post Ethereum Miner Revenue Surpassed Bitcoin By $224M in April appeared first on BeInCrypto.

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Nvidia Fined $5.5 Million For Covering Up How Crypto Miners Boosted Its Profits

The U. S. Securities and Exchange Commission has now penalized graphics card manufacturer Nvidia $5. 5 million for failing to disclose to investors how much of its 2017-2018 revenue comes from cryptocurrency miners.

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Nvidia Settles SEC Charges Over Misrepresentation of Revenue from Crypto Miners

Leading GPU maker Nvidia has reached a $5.5 million settlement with the U.S. Securities and Exchange Commission

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Nvidia Failed to Disclose Cryptomining Revenue Impact in 2018, SEC Says

Without admitting or denying the SEC charges, the chipmaker agreed to pay a $5.5 million dollar fine to settle the affair.

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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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Meta Platforms' 'Metaverse' Division Loses $3B in 1Q

The company formerly known as Facebook also reported revenue of $695 million the quarter for the recently broken out division.

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Bitcoin mining company PrimeBlock to go public via $1.25B SPAC merger

The company forecasts it will generate up to $98 million in annual revenue.

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Pay to Lose or Play and Earn?

The gaming industry showed great resilience during the 2020-21 pandemic period, adding more than 300 million new users and $180 billion in revenue. Gaming is considered the hottest sector globally, and it is expected to reach a valuation of $320 billion by 2026-27.

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GEM Mining Announces 14,000 Miner Deployment And BTC Production Update

GEM Mining announces their BTC production update, including over $8 million in revenue and plans for an additional 14,000 miners to be deployed.

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Film industry: one of the biggest contributors in the NFT industry

The annual statistics are evidence of the increasing revenue of the NFT Market. In 2020, the NFT industry made a sale of $94.9 million, which rises to $24.9 million in the year 2021.  Last year brought immense fortune for the NFT industry as numerous NFTs were sold at sky-scraping amounts resulting in a huge volume […] The post Film industry: one of the biggest contributors in the NFT industry appeared first on NFT News Today.

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Cash App Reports $1.96B In Bitcoin Revenue In Q4 2021

Cash App said it generated $46 million of bitcoin gross profit during the fourth quarter of 2021, 14% year over year.

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How the NFTs and NFT Marketplaces Are Set to Evolve in 2022

2021 was extremely favorable for NFTs as they caught a wide spectrum of importance globally. Beeple’s Everyday: The First 5,000 Days was sold in 2021 for a whopping amount of $69 million. NBA Top Shots managed by the NBA officials recorded revenue of earning $715 million by selling the best moments from the NBA tournaments.

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Brushing Off Shiba Inu May Have Just Cost Robinhood Millions In Crypto Revenue

Robinhood posted a loss on its crypto revenue in Q4 of 2021, further exacerbating losses occasioned in the third quarter. According to a Thursday earnings report, the trading firm posted $48 million crypto income in Q4 of 2021, which is a 6% decline from the previous quarter, and a step further from a projected revenue […]

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The NAGA Group AG delivers EUR 55,3 million Group revenue beating FY 2021 guidance

NAGA Group AG provider of the social network for trading, cryptocurrencies and payments NAGA.com, has exceeded its revenue guidance for 2021 according to unaudited preliminary...

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