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Robinhood to Launch Crypto Trading Services in EU in the “Coming Weeks”
8.11.2023
Source: AdobeStock / Rafael Henrique Robinhood has revealed plans to introduce cryptocurrency trading services in the European Union (EU) in the near future. Vlad Tenev, CEO and co-founder of the popular brokerage firm, made the announcement during the company’s third-quarter earnings report....
Robinhood to Expand Crypto Trading Into EU, Plans to Start UK Brokerage
7.11.2023
The crypto trading platform for EU will start in "coming weeks."
Bitcoin Mining Profitability Soars as 2023 Nears End: Daily Earnings Hit New Highs
6.11.2023
As the year 2023 winds down with just 55 days remaining, bitcoin mining has surged in profitability, with a return of $76 in daily earnings for every petahash per second (PH/s) as of November 5. A mining device capable of 200 terahash per second (TH/s) with electricity expenses at $0.07...
Nike-RTFKT NFT Collections Generate $1.4 Billion in Trading Volume
6.11.2023
Non-fungible token (NFT) collections by sportswear giant Nike and virtual sneakers and collectibles creator RTFKT have seen $170 million in earnings and a whopping $1.4 billion in trading volume. There are two notable factors to keep in mind. One, Nike and RTFKT have joined hands less than...
Block’s Q3 Earnings Show $2.42 Billion Bitcoin Revenue, Marking 37% Annual Growth
5.11.2023
Block Inc. reported an increase in third-quarter earnings, with total net revenue climbing to $5.62 billion, marking a 24% year-over-year growth. Setting aside its bitcoin operations, the company’s revenue saw a jump to $3.19 billion, up 16% from the previous year. The firm’s...
Bitcoin Mining Revenue Soared in October, Securing Second-Highest Monthly Earnings of 2023
4.11.2023
In October, the landscape of bitcoin mining revenue brightened, climbing by $131.45 million over September’s figures. Last month’s surge in BTC prices significantly bolstered revenues, although there was a slight dip in the earnings from fees, which saw a $5.44 million decrease from...
Coinbase Turns the Tide: Q3 Earnings Show Net Profit Amid Crypto Market Slump
3.11.2023
In the third quarter, Coinbase outperformed expectations despite the extended crypto market slump by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). In their most recent shareholder letter, the publicly-traded cryptocurrency...
Jack Dorsey’s Block Reports Strong Q3 Earnings; Profits from Bitcoin Holdings Surge
3.11.2023
Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period. The firm recorded $5.62 billion in revenue for Q3 2023, a notable achievement driven by strong growth...
Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million
3.11.2023
Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes. According to a Nov. 2 earnings statement, the company’s total revenue increased...
Coinbase narrows loss while crypto trading volumes fall in Q3
3.11.2023
Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out
Coinbase Beats Q3 Earnings Estimates While Trading Volume Falls
2.11.2023
The crypto exchange's third quarter transaction revenue rose/fell short from previous quarter
Argentina’s E-Commerce Giant MercadoLibre Reports $21 Million in Customer Crypto Assets
2.11.2023
MercadoLibre , the renowned e-commerce platform in Argentina, has seen notable growth in its crypto segment. According to the company’s latest quarterly earnings report, MercadoLibre’s customers held a total of $21 million in crypto assets as of September 2023, a significant increase...
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges
26.10.2023
Google's parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout
Digital Currency Group’s Q3 Shareholder Letter: Surprise Over NYAG Lawsuit
25.10.2023
Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures. The conglomerate raked in $188 million in the third quarter, compared to $153 million in Q3 2022....
Tesla Maintains $184M Bitcoin Holdings as Elon Musk Flags Concerns Over High Interest Rates
20.10.2023
Tesla’s third-quarter financial statement reveals that the electric car company has not sold any of its bitcoin. Its most recent balance sheet shows that Tesla continues to hold bitcoin valued at $184 million. Meanwhile, Tesla CEO Elon Musk has raised concerns about the high-interest rate...
Tesla earnings: Bitcoin bags untouched as firm splashes out on AI
19.10.2023
Tesla held onto its sizeable Bitcoin bags in the third quarter and upped its spending on artificial intelligence and research and development
Thailand to Tax Overseas Earnings From Crypto Traders – Will it Impact Foreign Investment?
19.9.2023
Thailand would soon tax foreign earnings from crypto traders, a tighter measure to close the loophole, which allowed overseas income into the country tax-free.
The rule came from Thailand’s Revenue Department, which aims to fund its proposed economic stimulus, according to a BangkokPost report....
Bitcoin investors are bullish on the US Fed’s $100B loss
18.9.2023
The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies
Bitcoin Price Prediction amid Legal Victory for Grayscale and Strong Q2 Earnings for Bitcoin Miner Canaan
30.8.2023
Amidst a dynamic landscape in the cryptocurrency realm, Bitcoin's price has taken center stage.
Currently trading at $27,452, reflecting a notable 5.5% increase on Wednesday, Bitcoin's trajectory continues to capture attention.
This analysis delves into the recent legal victory achieved...
Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August
29.8.2023
August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners...