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Exodus Records Solid Q2 with $12.4 Million Revenue – Crypto Wallets Making a Comeback?

25.8.2023
Crypto wallet company Exodus recorded a revenue of $12.4 million in the second quarter, experiencing a 4% decline compared to the previous year, the company announced on Tuesday. Despite the revenue dip, Exodus achieved a net income of $1.9 million, a significant outcome that was influenced...

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

25.8.2023
An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings

Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...

Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

24.8.2023
In the quarter ended June 30, Exodus' revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions

Base, Optimism unveil shared governance and revenue-sharing framework

24.8.2023
The two networks will share profits and governance using multi-signature wallets, and a ‘Security Council’ will be formed as the ecosystem grows

‘The race is on’ for AI: Nvidia CEO bullish as Q2 revenue tops estimates

24.8.2023
Nvidia shares soared nearly 10% in after-hours trading, as the company beat Wall Street analyst expectations by more than $2 billion

Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges

20.8.2023
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on...

Bitcoin Depot Q2 revenue jumps 18% y/y as it plans ATM adds after NASDAQ listing

15.8.2023
Bitcoin Depot records $197.5 million in revenue in the second quarter for 2023 spurred on by partnerships with various American retail stores

Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

14.8.2023
Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack

First Mover Americas: Coinbase Seeks New Revenue Stream From Layer 2 Network

10.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

10.8.2023
The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production

Marathon Digital Q2 results miss revenue and earnings forecasts

9.8.2023
Despite the earnings miss, Marathon's CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023

Marathon Digital Misses Q2 Earnings and Revenue Estimates

8.8.2023

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

7.8.2023
Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers clamor for the Treasury Department to finish the job

Robinhood's Q2 Earnings Show 18% Decline in Crypto Trading Revenue

4.8.2023
In its Q2 2023 earnings report, Robinhood (HOOD), the online trading platform known for its crypto-friendly approach, revealed crypto trading revenue of $31 million, representing an 18% decrease from the previous quarter's $38 million. Despite this decline, Robinhood achieved profitability...

Jack Dorsey's Block Q2 Revenue Soars to $5.5 Billion, Led by Strong Bitcoin Sales

4.8.2023
Block, the payments firm led by Twitter founder Jack Dorsey, saw its revenue soar to $5.5 billion in the second quarter, partly thanks to strong growth in Bitcoin (BTC) sales on the platforms. Out of the total $5.5 billion in revenue, a whopping $2.4 billion came from sales of Bitcoin,...