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UK miner Argo reports 280% increase in revenue despite May’s Bitcoin halving

9.9.2020
London Stock Exchange-listed miner Argo Blockchain is mining 545% more Bitcoin than last year, with profits up 280%

ETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers

3.9.2020
Is DeFi a mousetrap for retail investors?

Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August

2.9.2020
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction...

Bitcoin Miners Saw 23% Revenue Increase in August

1.9.2020
Miners generated an estimated $368 million in August

Suspected North Korean Hackers Move Bitcoin Worth $140K From Forfeited Account

1.9.2020
Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions....

Canaan’s Q2 Loss Narrows to $2.4M From Q1 on 160% Revenue Increase

31.8.2020
Canaan shares are down 23% in August

IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners

26.8.2020
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com....

IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form

22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...

Nvidia Accused of Trying to Discredit Ex-Employee in Crypto Mining Revenue Trial

17.8.2020
Investors suing Nvidia have opposed a motion from the U.S. chipmaker that would shut out the testimony from an ex-employee

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...

Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving

15.8.2020
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. The Toronto Stock Exchange-listed company extracted just 795 bitcoin (BTC) in the April to June...

Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving

13.8.2020
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black

Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper

11.8.2020
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from...

New Kenyan Digital Tax to Affect Crypto Platforms

8.8.2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...

Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%

6.8.2020
Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released...