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Bitcoin Miner Core Scientific’s Full Year Sales Rise to $545M, Beating Estimates
29.3.2022
The miner also reiterated its 2022 hashrate expectations
Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules
28.3.2022
The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”
Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates
10.3.2022
Bitcoin sees competition from commodities after failing to put in lasting gains from the latest U.S. inflation news
Marathon Digital’s Q4 Revenue Rises 17% From Q3, but Misses Estimates Slightly
1.3.2022
Mined bitcoin in Q4 fell about 12% from the previous quarter, but rose more than 600% year-over-year
Block Tops Q4 Estimates, Posts Nearly $2B in Bitcoin Transactions
24.2.2022
The payments firm formerly known as Square took note of a slowdown in business in January due to the Omicron variant, but a growth recovery thus far in February
Coinbase Beats Q4 Estimates, but Shares Fall on Outlook
24.2.2022
The U.S.’s largest crypto exchange expects lower trading volumes and monthly transacting users in Q1
JPMorgan estimates ‘fair value’ of Bitcoin at $38K
9.2.2022
JPMorgan’s long-term theoretical target for Bitcoin stands at $150,000, up from $146,000 forecasted in January 2021
Bitcoin Giveaway: Crypto Exchange FTX Giving Away BTC During Super Bowl
9.2.2022
Crypto exchange FTX is giving away bitcoin during the Super Bowl this weekend. The company estimates that each winner could receive between eight and 10 bitcoins. The actual prize amount depends on the time FTX’s Super Bowl commercial airs. FTX Giving Away Bitcoin in Super Bowl Sweepstakes...
US Treasury Warns NFTs May Present New Illicit Finance Risks
6.2.2022
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of...
Russia houses $200B worth of crypto, Kremlin estimates
1.2.2022
According to data from TASS news services, Russians owned nearly 5 trillion rubles worth of cryptocurrencies by December 2021
First Cryptocurrency ATM Reportedly Installed in Uruguay
15.1.2022
The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose...
Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals
27.12.2021
The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated...
Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals
21.12.2021
Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some...
Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao
2.12.2021
The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million...
Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges
1.11.2021
Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims....
Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest
29.10.2021
Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next...
Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates
23.10.2021
Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms...
JPMorgan Strategist Estimates Ether’s Fair Value at $1,500 Amid Competition From ‘Ethereum Killers’
20.9.2021
A strategist at JPMorgan stated that ether’s fair value is way lower than its current price. According to a set of measurements based on network activity, he calculated ether’s value at $1,500, 55% lower than its market price. One of the reasons argued for this assessment, is that...
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
2.9.2021
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners...
Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation
11.8.2021
COIN exceeded earnings estimates but analysts caution that blanket crypto-sector regulation will “stifle innovation” and possibly cast a shadow on Coinbase's growth