Cryptocurrency Analysis and News Portal
CoinDesk Research presents its latest quarterly report for Q3 2021 which outlines the trends driving the digital asset markets, focusing on Bitcoin, Ethereum, DeFi and more. In all, assets performed generally well, scaling projects on Bitcoin and Ethereum thrived, institutions started paying even more attention and politicians flexed their regulatory
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Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period.According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion Chinese renminbi (about $167.5 million) in total net revenue for Q2. This figure marks
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Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020 revenue of $1.9 million.The surging mining revenues drove a
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Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY).The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit grew 91% YoY to $1.14 billion.Bitcoin services drove $2.72 billion
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Square has had a busy weekend. The company made headlines for it’s purchase of Australia-based fintech firm, Afterpay, in an all-stock deal. Square then went on to release it’s Q2 2021 Shareholder Letter, filled to the brim with company insights – including some strong growth numbers in crypto transactions on Square’s
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Ahead of the June earnings report by Apple, Wall Street analysts have deconstructed the market and provided their sentiments. Apple Inc (NASDAQ: AAPL) stock has edged closer to a new all-time high after retesting its previous ATH of around $150. The upward momentum has been driven by strong previous quarterly growth,
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Summary:117k Bitcoin Options expire this Friday, March 26thThe maximum pain point for the expiry is $44k according to the team at Deribit InsightsBitcoin has lost the $55k support zone with $53k the level to watch moving forwardA drop to $49k seems likelyBitcoin will undergo a big quarterly expiry of options
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Bitcoin has had its most profitable quarter on record dollar for dollar, rising more than $25,000 in Q1 alone. But despite the enormous bullish impulse, the price action has left behind the first ever bearish divergence on quarterly timeframes in the asset’s history. Making matters worse, March is historically be worst
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In the final quarter of 2020, PayPal gained 16 million in net new active accounts and handled $277 billion in total payment volume.The earnings are the payment giant’s first since rolling out crypto buying and selling late last year. It removed the waitlist for BTC, ETH, LTC and BCH to
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Crypto lender Cred’s bankruptcy is more than it appears. Two publicly traded bitcoin mining firms reported this week: Neither are profitable. ECB President Christine Lagarde has a “hunch” about the digital euro. Top shelfChapter…12?Cred’s Chapter 11 bankruptcy filing doesn’t tell the whole story. With $67.8 million in assets and $136 million
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