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Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

This week’s Crypto Biz explores Coinbase's lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy.

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Bitcoin Mempool Clogged With Over 560K Unconfirmed Transactions Amid Search for Rare Sats

The Bitcoin network is currently overwhelmed with a backlog of unconfirmed transactions, with the average confirmation time hovering above 10.4 minutes. According to Mempool, there are around 560,000 transactions waiting…

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Bitcoin Miner Canaan’s Q2 Mining Revenue Surges by 43%, Net Loss Increases by 31%: Report

Nasdaq-listed Bitcoin mining firm Canaan’s total revenue increased to $73.9 million in Q2 2023, marking a quarter-on-quarter climb from $55.2 million. This figure comprised $57.9 million in product revenue and…

Continue ReadingBitcoin Miner Canaan’s Q2 Mining Revenue Surges by 43%, Net Loss Increases by 31%: Report

Argo Blockchain Reduces Debt and Overall Costs, Revenue Takes a Hit (Report)

The leading cryptocurrency miner – Argo Blockchain – has reportedly decreased its debt to $75 million during the first half of the year. In comparison, it owed $143 million at…

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