Block’s Q4 Bitcoin revenue down 7% on crypto price decline
Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines.
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Core Scientific shuts down 37K mining rigs it was hosting for Celsius
Core Scientific estimates that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700.
Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO
The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date.
Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’
Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study…
UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver
While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits…
Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are…
Coinbase eyes long-term growth of subscription revenue, NFTs still a focus
Coinbase CEO Brian Armstrong says the exchange has been building subscription revenue streams for three years and will continue to do so into the long term.
Crypto scams fall 65% after gullible noobs exit the market: Chainalysis
Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.
Alphabet, Microsoft and Now Meta Release Disappointing Quarterly Earnings
Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed…
Solana eyes 40% jump in August despite long-term bearish signals
The bear flag setup for SOL price could result in another interim relief rally amid macro headwinds.