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Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin
6.5.2020
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit
Game Developers Can Implement Cryptocurrency Alternative to Ad Revenue
6.5.2020
Independent game developers can now easily implement a blockchain-based revenue stream into Unity games, which incentivizes players and removes the need for in-game advertising
Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019
1.5.2020
Bitcoin mining firm Argo Blockchain said an 11-fold increase in revenues shows pivoting away from mining-as-a-service was a good move for the company
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million
30.4.2020
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented...
Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving
15.4.2020
The cryptocurrency market rout in mid-March, which saw bitcoin’s price slide significantly in value, has strained bitcoin mining operations by slashing considerable revenue from the block rewards. Moreover, shipping delays from mining manufacturers have caused uncertainty and mining...
Coronavirus Has Erased 33% of Crypto Scammers’ Revenue: Chainalysis
10.4.2020
Research firm Chainalysis found that even though crypto scammers were seeing high numbers of transactions, this year's dramatic market tumble means their actual profit was a fraction of what it used to be
Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019
31.3.2020
BC Group revealed that its OSL digital assets trading platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018
Vermont Rapper Releases Hip Hop Track ‘#Freeross,’ Ulbricht Petition Nears 300K Signatures
27.3.2020
Southern Vermont-based hip-hop artist, Krypto Man, has released a new single called “#Freeross” in hopes to get Ross Ulbricht released from prison. Krypto Man is a well known rapper on the east coast and revenue from the song will be donated to the nonprofit Freeross.org. Ross Ulbricht...
Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them
27.3.2020
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...
AI Meme Content Creators Benefit From New DeFi Revenue Model
27.3.2020
New DeFi revenue model is allowing Alethea AI users to support their favorite AI-generated meme creators
Huobi's Mining Arm Records 547% Surge in Operating Revenue in 2019
19.3.2020
Huobi’s mining arm recorded a 547% surge in operating revenue in 2019 after the business was launched in March 2018
MoneyGram Declared $11.3 Million Ripple Cash Injection as Revenue
2.3.2020
MoneyGram previously declared $11.3 million in “Ripple market development fees” as revenue
Half of Cash App’s Revenue Now Comes From Bitcoin
27.2.2020
Cash App’s annual Bitcoin revenue increased by 900% in 2019
Bitcoin Drove Half of Square’s Cash App Revenue in the 4th Quarter
26.2.2020
Square reported bitcoin revenues of $178 between Nov. 1 and Dec. 31, 2019, with profits of $3 million, up 50 percent over the prior two quarters
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
15.2.2020
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due...
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...
IRS Explains What Crypto Owners Must Know to File Taxes This Year
2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
UK Tax Agency to Pay $100K for Blockchain Surveillance Software
21.1.2020
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software...
Argo Blockchain Sees Mining Revenue Rise Tenfold in 2019
20.1.2020
Publicly-listed mining company Argo Blockchain increased its revenue by more than 10 times in 2019