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Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year to $29.6 million. During the same period, the company’s net income also decreased from $59.8 million in the prior year’s quarter to a

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Major stablecoins destabilized as market volatility and redemptions surge

Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion. Significant market volatility this week induced by the collapse of the FTX exchange has impacted stablecoins with many of them de-pegging temporarily.According to CryptoQuant senior analyst Julio Moreno, nearly all leading stablecoins have experienced some level of

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