Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021
The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and
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Q1
DGTX Staking Rewards to Arrive in Q1 2021
Digitex Futures has already made a name for itself in the cryptocurrency space by launching the world’s commission-free
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Canaan’s Q2 Loss Narrows to $2.4M From Q1 on 160% Revenue Increase
Mining equipment manufacturer Canaan Creative reported a 2Q net loss of $2.38 million, or 10 cents a share, less than half the size of Q1’s $5.64 million loss, or 24 cents A replay of the company’s conference call will be accessible through Sept. 8 by dialing the following numbers: International: +61-2-8199-0299United
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Bitcoin Miner Maker Ebang Estimates $2.5M Q1 Loss in US IPO Update
Chinese bitcoin miner manufacturer Ebang estimates it incurred a net loss of $2.5 million on a revenue of $6.4 million for Q1 2020. The financial disclosure was posted Wednesday in an update to the firm’s initial public offering (IPO) prospectus filed with the Securities and Exchange Commission (SEC). The filing means
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Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19
[sociallocker id="55298"] Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.Kaspersky estimates that 11,700 attacks were attempted on devices located in Singapore from January until March — up from 2,900 as
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Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut
China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made
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Bitcoin Activity on the Dark Web Grew by 65% in Q1 2020, Says Study
A study from Crystal Blockchain Analytics on May 19 shows that the total USD value of Bitcoins transferred on the dark web rose by 65% in Q1 2020, despite a decline in transactions during the same period in 2019.According to the report, the total value of Bitcoin (BTC) transacted represented
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Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%.For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC,
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SQ Stock Down 4% Now, Bitcoin Revenues in Square Cash App Top Fiat Revenues in Q1
Although the company’s losses have jumped higher, the revenue for the Square Cash App has also gone significantly higher. The good thing is as businesses shift towards online presence, Square has seen some big merchants joining its platform during the pandemic period. SQ stock is down now.The coronavirus crisis has
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Bitcoin Revenue in Square’s Cash App Tops Fiat Revenue for First Time in Q1
Bitcoin has flippened USD on Square’s Cash App, sort of.As reported in the publicly traded fintech company’s first-quarter earnings Wednesday, Cash App brought in $222 million on all its other fiat-powered services in Q1. Meanwhile, revenue from bitcoin was $306 million, the first quarter in which bitcoin revenue surpassed all
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