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Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors
17.4.2021
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. Blockcap Rakes in 544 Bitcoins During the last...
Nvidia triples revenue forecast for crypto mining GPU sales
13.4.2021
The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise
Omni.ai Releases Whitepaper for Alternative All-Inclusive and Revenue-Sharing Social Media Platform
9.4.2021
PRESS RELEASE. 9th April 2021, Delaware, United States – Social media has reshaped the digital landscape, yet people worldwide feel more disconnected than ever. The big giants have all innovated successfully, but constant monetisation efforts for the sake of corporate profit have done away...
Coinbase’s Q1 Revenue Soars 9-Fold to $1.8 Billion Ahead of IPO on Nasdaq
7.4.2021
Coinbase has announced its earnings estimates for the first quarter of 2021. The company says its estimated revenue for the period is nine times more than the amount generated in the same period last year. In addition, the crypto platform says it has 56 million verified users and a total trading...
Coinbase's first quarter revenue hits record $1.8B ahead of its Nasdaq listing
7.4.2021
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 the Nasdaq
US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex
4.4.2021
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years...
Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month
3.4.2021
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. Today, the blockchain’s hashrate is around 160 exahash...
Aurus Brings the DeFi Revolution to Precious Metals
30.3.2021
Aurus is embracing the concept of DeFi to disrupt the precious metals industry. The firm has built a truly decentralised platform which allows companies like refineries, distributors and vaults to autonomously tokenise precious metals. The ingenious part of the Aurus system is their revenue-sharing...
The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin
19.3.2021
In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs...
BTCS Generating Revenue By Securing Smart Contract-Based Proof-Of-Stake Blockchains
17.3.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
In 2021, companies are enhancing their treasury management strategies to realize improved returns by allocating liquid funds to cryptocurrencies. This shift marks a significant advance in the institutionalization...
How I Built my SaaS MVP With Fauna ($150 in revenue so far)
11.3.2021
Are you a beginner coder trying to implement to launch your MVP? I’ve just finished my MVP of ReviewBolt.com, a competitor analysis tool. And it’s built using React + Fauna + Next JS. It’s my first paid SaaS tool …
The post How I Built my SaaS MVP With Fauna ($150...
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...
IRS clarifies reporting requirements for crypto bought with fiat
3.3.2021
The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities
An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions
3.3.2021
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...
Coinbase public listing filing details 2020 revenue, major a16z stake
25.2.2021
The company has benefited a lot from the 2020 market, but had lost money in 2019
MicroStrategy To Host $600M Private Offering to Hoard More Bitcoin from The Revenue Earned
17.2.2021
MicroStrategy, the leading business intelligence firm based in Virginia, has disclosed its plans to roll out a private offering to raise $600M funds in convertible senior notes for qualified institutional investors. The proceeds will then be used to buy even more Bitcoins according to the current...
Crypto criminals got away with $5B less in 2020 as scam revenue falls
17.2.2021
The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams
Bitcoin Payments for Private Flights Soar, 20% of Privatefly’s Revenue Stems from Crypto
16.2.2021
Cryptocurrency users are leveraging their new-found wealth to fly more often with private jets. This week the directional aviation company Privatefly revealed that close to 20% of the firm’s sales were paid in cryptocurrencies last month, and 13% out of that aggregate used bitcoin. On-Demand...
Bitcoin Miners Posted $354M in Revenue Last Week, Breaking Record From 2017
15.2.2021
Last week's mining revenue eclipsed the previous record set in mid December 2017
Crypto Opens Up PayPal, Square, Visa To New Revenue Streams - Fitch
15.2.2021
Strategic crypto investments are expected to have a limited near-term effect on the credit profiles of companies such as PayPal, Visa, Square, and Mastercard, taking into account the modest capital deployed and the long ramp time, major credit rating agency firm Fitch Ratings said. Moreover, adding...