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Cardano Foundation held $478M in assets in 2023: Report
13.11.2024
Of the funds, 82.5% were held in ADA tokens, 10.1% in Bitcoin, and the rest were in US dollars.
Robinhood doubles crypto trading volume, but shares dip 12% on Q3 earnings
31.10.2024
Robinhood also reported a 76% year-on-year increase in assets under custody, attributed to rising crypto valuations
Telegram financial statement shows it holds $400 million in crypto
31.8.2024
The messaging app had about four million premium users at the end of 2023.
Telegram financial statement shows it holds $400 million in crypto
31.8.2024
The messaging app had about four million premium users at the end of 2023.
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
21.8.2024
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which...
Bitcoin mining expenses surge 168% amid capacity growth
20.8.2024
BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving
Tether Posts $5.2 Billion Profit in First Half of 2024
31.7.2024
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise...
Tesla Maintains Bitcoin Hoard in Q2 Financial Report
24.7.2024
In its financial statements for the second quarter of this year, Tesla clarified that it had not offloaded any of its Bitcoin (BTC) for the eighth quarter in a row. The electric car maker currently has about 9,720 Bitcoins worth $640 million. This reserve was hence bought at an estimated total cost...
Upbit Crypto Exchange Operator Dunamu Suffers 82% Drop in Profits
30.11.2023
Source: piter2121/Adobe Dunamu, the South Korean operator of the Upbit crypto exchange, has seen year-on-year profits fall by a staggering 82% in the third quarter of FY2023. The South Korean media outlet Business Post reported that Dunamu published its financial report for the third quarter...
Riot Platforms Reports Q3 Results: Generates 1,106 Bitcoins and Raises Over $200 Million
9.11.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin mining company Riot Platforms has released its financial report for the third quarter, showcasing notable improvements despite missing earnings and sales estimates. Per the report, Riot Platforms generated 1,106 Bitcoins during the quarter, marking...
VeChain releases its financial report for Q2-2023
10.10.2023
The second quarter of 2023 ended on June 30, 2023. VeChain has now published its financial report for that period. The total treasury is $311,363,588.15. This comprises holdings in stablecoins and cryptos like BTC, ETH, and VET. VeChain has said that this value in treasury is nothing but their...
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
10.5.2023
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external...
Bitcoin price slides 5% in 60 minutes, hitting two-week low amid Silvergate
3.3.2023
The price of BTC has fallen a steep 5% in a matter of 30 minutes between 1:30-2:00am UTC time on March 3. The cause behind the fall is not clear
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
3.3.2023
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025
Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO
25.1.2023
Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since
Atari’s Shambling, Zombie Corpse Is Once Again In Trouble
21.12.2022
Is it that time already? Atari, whatever that name actually means, is once again announcing it’s having a financial wobble. You could set your watch by how regularly this occurs. Who could have thought that launching a console no one wanted, while investing in crypto grifts, wasn’t the path...
VeChain Foundation unveils $1.2B crypto treasury… but spent just $4M in Q1
11.5.2022
The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022
Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether
18.4.2022
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets....
MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2
30.7.2021
As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...