Cryptocurrency Analysis and News Portal
With the block reward cut in half, miners are relying on Bitcoin (BTC) transaction fees to sustain themselves to a much greater extent.Miners lost 61% of their revenueMay 10, miners earned 2188 BTC, May 12, this number fell to 852 BTC — a 61% drop. The halving of the block
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Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect.According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million
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The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status. However, the prospectus sent
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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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London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a
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Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019.On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up
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Alethea AI, a decentralized Synthetic Content Network which tracks the usage and intellectual property of AI-generated content, has officially launched a new revenue model leveraging Decentralized Finance(DeFi) for content creators on March 30. DeFi plays an important role Alethea AI’s users can now leverage a new smart contracts revenue model to
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A United States Securities and Exchange Commission (SEC) 8-K filing by remittance processor, MoneyGram, has revealed that Ripple has been injecting a significant amount of funds into the business since its investment in the company in June 2019.But according to a report from the Financial Times, Feb. 28, until
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Square’s Cash App derived half of its fourth-quarter revenue from Bitcoin (BTC) services.According to a shareholder letter published on Feb. 28, Bitcoin revenue amounted to $178 million during the fourth quarter of 2019, while combined non-Bitcoin revenue totaled $183 million.In total Bitcoin accounted for more than half a billion
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Subscription-based bitcoin mining firm Argo Blockchain has registered a profitable third quarter even though the asset it deals in witnessed a sharp drop in value.The UK-based company, whose stocks are listed on the London Stock Exchange (LSE), confirmed its revenues rose to £3.6 million (~$4.42 million) in the three months
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