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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...
Japan’s SBI in Talks Over Joint Venture to Make Crypto a Core Revenue Source
15.2.2021
SBI's founder and CEO Yoshitaka Kitao said his firm would turn the planned crypto venture into a core source of profitability
BTC miners pocket $4M in 60 minutes, the highest hourly revenue in Bitcoin's history
12.2.2021
Bitcoin mining fundamentals are growing stronger as miners are making a killing from higher BTC price
Bitcoin Miners Earn Record Hourly Income of $4 Million
12.2.2021
Bitcoin miners earn windfall income amid the price rally
Apple Well Positioned to Offer Crypto Trading — Analyst Says Company Should Hold Bitcoin in Treasury
11.2.2021
Apple Inc. is well position to offer cryptocurrency trading, according to an analyst with global investment bank RBC Capital Markets. Not only will Apple gain instant market share in the crypto space, but the move could also generate the Iphone maker well over $40 billion in annual revenue....
Argo Blockchain Buys 172.5 Bitcoins as Reserve Asset, Monthly Revenue Soars 52%
4.2.2021
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48...
South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time
4.2.2021
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine...
Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record
3.2.2021
Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver Behind Revenue Figures in 2020...