Puell Multiple drops as miner revenues hit 10-month low

Miner revenues serve as a barometer for the overall state of the Bitcoin ecosystem, reflecting the delicate balance between mining costs, Bitcoin price, and network difficulty. Since Apr. 24, miner revenue has consistently been below its 365-day simple moving average (SMA), with only two brief exceptions in early June. This prolonged period of below-average revenue […]

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Bitcoin miners record lowest daily revenue of 2024

Bitcoin miners daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.

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SEC and Ideanomics settle crypto revenue reporting fraud charges

According to the report, all parties involved have agreed to settle the charges without admitting or denying the SECs findings

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Elon Musk accepts challenge to fight president of Venezuela

After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV.

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Polkadots $245M treasury not limited to 2-year runway, despite community concerns

The blockchain platforms revenue declined during the first half of 2024, and its head ambassador has called for its tokens inflation rate to be lowered.

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Bitcoin miners diversify and consolidate to survive revenue drop

Miner revenue per exahash measures miners’ daily income relative to their contribution to the network’s hash rate, showing how much miners earn per unit of computational power they contribute. This metric is important because it reflects the profitability and economic viability of Bitcoin mining, directly influencing decisions on resource allocation, investment, and operational strategies. Given […]

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Exploring New Revenue Streams with Blockchain Payment Use Cases

Discover how blockchain technology is revolutionizing the payments sector, offering new revenue streams and efficiency gains for businesses. (Read More)

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CoreWeave expands Core Scientific computing deal by $1.225B

Core Scientific is well-positioned to take advantage of new opportunities at its mining facilities.

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Malaysia cracks down on crypto tax evaders with Ops Token

IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions.

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Coinbase Revenue Drops by 10% in Q1, Failing to Meet Industry Expectations

Coinbase, a leading cryptocurrency exchange, reported a significant drop in revenue for the first quarter of the year, missing earnings expectations. Despite the ongoing volatility in the digital asset market, Coinbase experienced a decline in revenue in the double digits compared to the previous quarter. The company cited several factors contributing to the decline in [...]

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Core Scientifics Bitcoin mining revenue falls short of projections despite $580M Q1 profit

Core Scientific, a prominent blockchain and AI company, reported a significant shortfall in Q1 revenue despite posting a remarkable $580 million profit for the same period. This unexpected discrepancy has surprised many industry experts and analysts who were expecting higher revenue figures based on the company’s previous performance. The company’s impressive profit margin can be [...]

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Bitcoin mining revenue hits post-halving yearly low

Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.

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Nigerian prison fails to bring Binance exec to court

Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue.

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Krakens Acquisition of NinjaTrader Boosts Q1 Revenue by 19%

Kraken, the popular cryptocurrency exchange platform, has officially confirmed its acquisition of NinjaTrader. This strategic move comes as Kraken continues to experience significant growth in its revenue in the first quarter. NinjaTrader, a leading trading software provider, is known for its advanced tools and technology that cater to professional traders and investors. By integrating NinjaTrader [...]

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Nasdaq-listed mining firm Stronghold Digital Mining for sale?

Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.

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Bitdeer sees over 40% drop in Q1 revenue compared to last year

The first-quarter revenue of Bitdeer has dropped by 40% compared to the previous year. The decline can be attributed to various factors affecting the cryptocurrency mining industry, such as market fluctuations and regulatory changes. Despite this decrease, Bitdeer remains committed to providing efficient and reliable mining services to its customers. Cryptocurrency mining is a complex [...]

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Runes protocol sees significant decline in activity

Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last 12 days.

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Revolut faces issues with 2021 annual report

UK-based fintech Revolut, known for its crypto-friendly services, experienced issues with its annual report for 2021, despite reporting its first-ever full year of profit. Independent auditors confirmed the report’s accuracy, but noted certain qualifications related to the report. (Read More)

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Twitter Enables Monetization for Creators

Twitter users can now monetize their content via a new subscription service, allowing creators to charge followers a monthly fee for access to exclusive content. Twitter has partnered with Stripe to payout creators and will take a 3% cut up to $50,000, after which the revenue split drops to 80%. The feature is part of Tesla CEO Elon Musk’s ongoing effort to revamp the social media platform, which includes using artificial intelligence to detect and deter misinformation. (Read More)

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Exciting Aave Revamp Proposal: Revenue Redistribution and Enhanced Safety System

The Aave platform is undergoing a major overhaul that will introduce new features to enhance user experience and safety. One of the key updates is a revenue redistribution mechanism, aiming to reward active participants and promote continuous growth within the ecosystem. Additionally, a new umbrella safety system will be implemented to further protect users’ funds [...]

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