Tether Holds $72.5 Billion In US Treaury Bills, A Smart Investement?

Tether, the company behind the prominent stablecoin USDT, holds $72. 5 billion worth of US Treasury bills (T-bill). This development was revealed initially in the company’s assurance report for Q2 2023. дальше »

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Lido loses all its Q2 gains; LDO traders can expect this in coming days

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Lido sellers claimed a key price level, asThe post Lido loses all its Q2 gains; LDO traders can expect this in coming days appeared first on AMBCrypto. дальше »

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Bitcoin miner Canaan reports 33% increase in revenue in Q2

The manufacturer of Bitcoin mining machines, Canaan, released financial results for the quarter ending on June 30. дальше »

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Bitcoin Mining Hardware Manufacturer Canaan Records Steep Losses Amid $3 Billion Industry Rout

Bitcoin miner and ASIC manufacturer Canaan reported higher revenues in Q2 than Q1 but sustains steep losses in 2023. The post Bitcoin Mining Hardware Manufacturer Canaan Records Steep Losses Amid $3 Billion Industry Rout appeared first on BeInCrypto. дальше »

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Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss

Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite its increasing mining revenue and computing power. Per the unaudited financial report, the miner generated a total revenue of $73. дальше »

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Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31%

Bitcoin mining firm Canaan posts second quarter financials, with BTC mining revenue up 43% from Q1 2023, though net losses also rose 31% to $110 million. дальше »

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Bitcoin miner Canaan’s mining revenue rose 43% in Q2

Canaan Inc. (NASDAQ: CAN) has released its Q2 financial report showing an increase in mining revenue. The Bitcoin miner’s total revenue rose to $73. 9 million, increasing by 33. 7% compared to Q1, 2023. дальше »

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Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

In the quarter ended June 30, Exodus' revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions. дальше »

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FTX Picks Galaxy Digital to Help Offload Crypto Holdings

FTX, currently undergoing bankruptcy proceedings, has hired Galaxy Digital to sell its crypto holdings. The company aims to conclude the bankruptcy proceedings by Q2 2024. The post FTX Picks Galaxy Digital to Help Offload Crypto Holdings appeared first on BeInCrypto. дальше »

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Ripple Ready Anytime To Fight Appeal, SEC Unavailable For 21% of Q2 2024

Ripple Labs and the US Securities and Exchange Commission (SEC) have both indicated to a US federal court their availability for a trial in Q2 2024 regarding the classification of Ripple's XRP token. дальше »

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NVIDIA reports record $13B revenue in Q2 2023 as AI tech industry booms

NVIDIA reported record revenue in its latest earnings report on Aug. 23. The chip giant revealed that it brought in a record-breaking $13. 51 billion in revenue in Q2 2023, up 101% from one year ago and up 88% from last quarter. дальше »

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Ripple, SEC inform Judge Torres of availability for trial in Q2, 2024

Ripple Labs is ready for a court battle with the US Securities and Exchange Commission (SEC), the company’s counsel says.   Ripple’s legal team has filed a response to US Judge Analisa Torres’ order that parties to the upcoming trial hearing submit dates they would not be available in the second quarter of 2024. дальше »

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Ripple Gears Up for SEC Face-Off

Ripple's recent court filing reveals its readiness for a trial in Q2 2024 дальше »

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NVIDIA’s role in Nasdaq rally underscored as Q2 earnings report comes in

Quick Take The financial world is eagerly awaiting NVIDIA’s Q2 earnings report today, a reflection of the critical role this technology giant plays in influencing the broader market dynamics. дальше »

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Polkadot's Q2 was rife with hits and misses

Polkadot jumped from third to second place in terms of total developer count in Q2. The DeFi landscape witnessed a descent after peaking in mid-April. Multichain protocol Polkadot [DOT] releThe post Polkadot's Q2 was rife with hits and misses appeared first on AMBCrypto. дальше »

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Navigating the Future: VC Spectra vs. AVAX vs. DOT

Avalanche (AVAX) experienced increased on-chain activity in Q2 2023, but its price has declined. Meanwhile, Polkadot (DOT) has experienced consecutive price drops, but recent updates may drive the token’s price higher. дальше »

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Tron sees impressive TVL growth; is capitulation on the cards for TRX?

Tron becomes one of only 2 major blockchains that sustained positive TVL growth in Q2. TRX bears could garner a chance to push to the support range. Messari recently released its Q2 report eThe post Tron sees impressive TVL growth; is capitulation on the cards for TRX? appeared first on AMBCrypto. дальше »

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Bitcoin Depot Q2 revenue jumps 18% YOY, eyes growth after Nasdaq listing

Bitcoin Depot records $197.5 million in revenue in the second quarter of 2023, spurred on by partnerships with various U.S. retail stores. дальше »

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Shiba Inu aims for Q2 highs - Are more gains likely?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. SHIB reclaimed April levels,> $0.00001,The post Shiba Inu aims for Q2 highs - Are more gains likely? appeared first on AMBCrypto. дальше »

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Disappointing Q2 earnings send shares of Bitcoin Miner Hut 8 plummeting

Following the release of disappointing Q2 earnings results, Hut 8 (TSX: HUT), a Toronto-based Bitcoin mining company, had its shares drop 8% on Monday. The company reported that it mined 399 BTC during the quarter that ended on June 30; a decrease of 58% from the same time last year. дальше »

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Recently listed Bitcoin Depot reports record revenue for its Q2

Bitcoin Depot reports an 18% annualised growth in its Q2 revenue. The Bitcoin ATM operator also updated its full-year guidance today. Bitcoin Depot stock is in the green only marginally on Monday. дальше »

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Hut 8 grapples with revenue fall, Bitcoin mining output in challenging Q2 2023

Hut 8 Mining Corp, the U. S. digital asset mining company, has released its financial results for Q2 2023, ending on June 30. The disclosed statistics present a challenging quarter for the corporation, marked by decreased mining output and a notable fall in revenue. дальше »

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TeraWulf increases self-mined BTC in Q2, while Hut 8 looks to USBTC merger

U.S. miner TeraWulf expanded its Bitcoin mining capacity in 2023, resulting in 70% more BTC mined in Q2.

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Bitcoin miner Hut 8 revenue declined by $18.3 million in Q2

Hut 8 posted revenue of $14. 3 million (19. 2 Canadian Dollars), which had fallen $18. 3 million during the quarter compared to Q1, 2023. The company mined 399 Bitcoin (BTC) but sold a total of 396 BTC for $10. дальше »

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Goldman Foresees Q2 2024 Fed Rate Cut: A Boost For Bitcoin?

In a recent note that has caught the attention of both traditional financial markets and the Bitcoin community, Goldman Sachs economists, including the renowned Jan Hatzius and David Mericle, have made a significant prediction regarding the Federal Reserve’s monetary policy. дальше »

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Cardano’s Robust Development Fails to Drive Price Action

Cardano has seen impressive growth across multiple ecosystem metrics in 2022-2023 according to Messari’s latest report, yet ADA prices continue to languish. In Q2 2023 alone, Cardano’s total value locked (TVL) increased nearly 10% to $151. дальше »

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XRPL Ecosystem With Impressive Gains: Sidechain Success and Revenue Growth

According to a new report by crypto analytics company Messari, the XRPL ecosystem, underpinned by the XRP Ledger, has recently experienced tremendous growth and accomplishments. Despite sharing a slight decline in Q2, the circulating market cap of XRP has seen an impressive year-to-date (YTD) increase of 42. дальше »

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Cardano Q2 Surge: Stablecoin Soars, TVL Skyrockets, And Dapp Transactions Hit Record Highs

Cardano (ADA), the blockchain platform renowned for its scalability and technological approach, has made significant strides in the crypto market, as highlighted by the recently released Messari report. дальше »

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Stronghold Digital Releases Q2 Results, No Mention of Class-Action Lawsuit

Stronghold Digital releases Q2 results.

The post Stronghold Digital Releases Q2 Results, No Mention of Class-Action Lawsuit appeared first on BeInCrypto.

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Bitdeer’s losses widen in Q2 after one-time $33M listing fee, shares up 44%

The company entered into a $150 million share purchase agreement with B. Riley Financial on Aug. 10.

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Riot increases Bitcoin production by 27%

Bitcoin miner Riot has unveiled its financial results for Q2 2023, reporting a total revenue of $76.7 million. The results highlight the company’s resilience in a fluctuating market, with a 27% increase in Bitcoin production contributing significantly to its success.… дальше »

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US bank reveals $166M in crypto holdings: Q2 earnings report

SoFi started offering crypto services even before becoming a bank, and its banking license might change how it hodls crypto.

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Bitcoin miner Riot Platforms posts Q2 2023 results, forecasts expansion

Riot Platforms, Inc. reported a significant revenue increase driven by heightened Bitcoin production. The firm has positioned itself for robust financial growth and hash rate expansion. RiotThe post Bitcoin miner Riot Platforms posts Q2 2023 results, forecasts expansion appeared first on AMBCrypto. дальше »

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Jury trial in SEC v. Ripple Labs to be set for Q2 2024

Two Ripple executives named in a federal securities case have been scheduled for a jury trial, according to a court filing dated Aug. 9. The upcoming proceedings concern Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen. дальше »

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Bitcoin Miner Riot Posts Mixed Q2 Earnings Report, Sees Growing Consolidation in Industry

Riot reported its second-quarter earnings after the close on Wednesday. дальше »

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Ripple v. SEC: When Will Jury Trial Begin?

The Ripple vs. SEC case marches on, with a pivotal jury trial earmarked for Q2 2024 дальше »

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Bitcoin Mining Company Marathon Digital Reports $21.3M Loss For Q2

Marathon Digital, one of the largest Bitcoin miners, has announced a net loss of $21.3 million for the second quarter of the year. Bitcoin Mining Company Marathon Digital Made $81.8 Million In Q2 Revenue In a new press release, Marathon Digital has revealed the results of the company’s performance during the second quarter of 2023 […] дальше »

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Marathon Digital posts Q2 losses amid record-breaking Bitcoin production

Marathon Digital Holdings recorded a net loss of $21. 3 million for the second quarter, despite its Bitcoin (BTC) production surging by over 300%, according to an Aug. 8 statement. Earnings breakdown Per the financial statement, the miner earned $81. дальше »

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Marathon Digital discloses $21.3m in losses in Q2

Mining company Marathon Digital Holdings recently disclosed its financial performance for the second quarter of 2023. The report showcased minimal advancements across various critical indicators, although the company did not fully meet specific market forecasts. For the quarter that concluded… дальше »

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New Nvidia Tools Unleash Greater Productivity as Regulators Battle to Keep Up

Nvidia has announced a new AI chip, the GH200 superchip, which will accelerate content creation. The company expects businesses using the chip to deliver complete systems by Q2 2023. The post New Nvidia Tools Unleash Greater Productivity as Regulators Battle to Keep Up appeared first on BeInCrypto. дальше »

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How VC Spectra’s Presale Potential Stacks Up Against SHIB and Curve DAO (CRV)

VC Spectra (SPCT) had a successful Q2, and the market is eager to see if this trend will extend into Q3. The platform progressed to Stage 2 of its public presale, with SPCT’s price soaring by 37. дальше »

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Marathon Digital Q2 results miss revenue and earnings forecasts

Despite the earnings miss, Marathon's CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023.

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Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report

Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call. дальше »

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Cardano Blockchain Transactions Jumped 49% in Q2 on Network Upgrades, New Users

Blockchain load – a measure of how much data is contained in blocks over a certain period – rose to 50% in the second quarter from under 40% in the first. It peaked at 81% in May. дальше »

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Crypto-centered public companies record profit beating Q2 estimates

The rise in cryptocurrency prices and non-trading revenues became key to profitability for many crypto-focused companies.

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Cardano: Why did users decline in Q2?

Network activity suffered a decline on Cardano in Q2. Meanwhile, DeFi TVL and network revenue rallied. Layer-1 smart contract network Cardano [ADA] saw a slight decline in network activity dThe post Cardano: Why did users decline in Q2? appeared first on AMBCrypto. дальше »

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Avalanche’s Q2 went well - will the trend continue in Q3? 

Nansen’s report highlighted AVAX’s growth in multiple areas such as DeFi, NFTs, gaming, and enterprise.  AVAX’s price action turned bearish last week as it plummeted by over 6%. AvalaThe post Avalanche’s Q2 went well - will the trend continue in Q3?  appeared first on AMBCrypto. дальше »

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Tether May Now Be 11th Largest Bitcoin Holder, Analyst Says

Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. дальше »

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Cardano (ADA) Posts Impressive Stats in New Q2 Report

Average daily dApp transactions on Cardano network have climbed by 49% дальше »

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How Coinbase has fared against the turbulent U.S. regulatory landscape

Coinbase scooped up a portion of the business from its nearest rivals like Binance. US. Coinbase reported a total revenue of $708 million in Q2, a fall of 8% from the previous quarter. NavigaThe post How Coinbase has fared against the turbulent U. дальше »

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