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Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million
21.11.2020
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion....
Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3
13.11.2020
Galaxy Digital was trading slightly higher on the news
Galaxy Digital’s Q3 earnings mirror crypto euphoria
13.11.2020
Galaxy Digital reported a large uptick in trading volumes in the third quarter
Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings
12.11.2020
Marathon is holding more bitcoin on its balance sheet than ever before
Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase
12.11.2020
Hut 8 mining revenue has fallen for 5 consecutive quarters
Russian Ministry Wants to Jail Citizens Who Don’t Declare Bitcoin Earnings
12.11.2020
An expert has claimed that the Russian Ministry of Finance’s plans to hit crypto holders with jail time if they fail to declare their earnings may be misguided – and said that while “dirty” crypto deals regularly go through unchecked in the country’s capital, the Kremlin may seek to punish ordinary...
Riot Blockchain Mined 224 Bitcoins in Q3
10.11.2020
Riot reported a current mining capacity of 556 peta hash per second
Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings
5.11.2020
"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
Russian Crypto Traders May Be Forced to Declare Earnings to the Taxman
5.11.2020
Russia’s parliament, the State Duma, will debate a new draft law that would force Russians to declare “electronic” asset earnings and holdings on overseas-based platforms – in a move that could potentially impact crypto traders.
Although the draft bill does not make specific mention of crypto...
PayPal CEO Discusses ‘Expansive’ Digital Wallet Plans on Q3 Earnings Call
2.11.2020
PayPal’s cryptocurrency products are going to expand rapidly in 2021, executives said on the company’s third quarter earnings call Monday
Artist, gamer or property mogul? Follow the NFT road to find earnings
2.11.2020
From owning land to playing games and creating artworks, earning opportunities on NFT marketplaces continue to grow
Microstrategy CEO Personally Owns $240 Million in Bitcoin — Company BTC Profit Outshines Other Earnings
29.10.2020
Following a $425 million bitcoin purchase by his billion-dollar company, Microstrategy CEO Michael Saylor reveals that he personally owns about $240 million in bitcoin. Meanwhile, his company’s bitcoin gains have outperformed the company’s other earnings. Microstrategy and Its CEO...
Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers
26.10.2020
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020
Crypto-Friendly Signature Bank Raked In $4B in Deposits in Q3 2020
20.10.2020
Deposits at crypto-friendly Signature Bank grew by $4.11 billion, an 8% increase, in the third quarter of 2020
‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low
19.10.2020
Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings
DeFi Buzz Drove Record $12M Earnings This Summer, Says Ethereum Miner HIVE Blockchain
1.10.2020
The ether miner has reported its best ever quarter, saying that surging interest in DeFi led to bumper transaction fee revenues
Argo’s H1 Revenue Soars but Profits Drop as Bitcoin’s Halving Boosts Mining Costs
9.9.2020
Argo Blockchain has reported a near quadrupling in revenue even as capital depreciation led pre-tax profits to slide by 45%
Crypto Earnings from Microtasks Still Taxable in the US - IRS
31.8.2020
Cryptocurrency is “a substitute for real currency,” and any “convertible virtual currency received is taxable as ordinary income,” a recently published memo from the US Internal Revenue Service (IRS) has declared.
The new clarification by the IRS was made in response to a request for clarification...
Bitcoin.com Wallet Upgrade Allows Access to Interest Earnings
22.8.2020
It’s the latest milestone in their partnership
Mike Novogratz’s Galaxy Digital Holdings Reports $38.5 Million Income for Q2: “We’ve Crossed the Rubicon’
16.8.2020
Galaxy Digital Holdings reported on Friday, August 14 that its comprehensive income for Q2 grew to $38.5 million. The figure reflects both net realized and unrealized gains from digital assets, as well as investing activities of $28.3 million. In an earnings call, Galaxy Digital President, Chris...