Revenue

Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Publicly traded digital-asset brokerage Voyager Digital registered four-digit revenue growth in the fiscal year ended June 30, 2020. In an announcement Thursday, the Canada-based firm said revenue rose to roughly $1.1 million, marking a 1,159% rise from the previous fiscal year’s tally of $87,318. Other figures for the same period are also impressive: customer assets jumped …

Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption Read More »

Over 40% of Ethereum mining revenue in August came from fees

Over 40% of Ethereum mining revenue in August came from fees

Ethereum miners generated $285.1 million in revenue in August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block. Last month, transaction fees on Ethereum increased significantly, fueled by the yield farming mania. Fees as a percentage of mining revenue reached an all-time high of over 40.5% of the …

Over 40% of Ethereum mining revenue in August came from fees Read More »

Square says Cash App generated $875 million in bitcoin revenue during Q2, posting $17 million in gross profit

Square says Cash App generated $875 million in bitcoin revenue during Q2, posting $17 million in gross profit

Square said Tuesday that it made $875 million in bitcoin revenue via its Cash App service during the second quarter of 2020.  The release — which came a day early stemming from what Square called an “early external access of the company’s quarterly financials” — also notes that Cash App generated $17 million in bitcoin …

Square says Cash App generated $875 million in bitcoin revenue during Q2, posting $17 million in gross profit Read More »

U.S. Internal Revenue Service inks deal with Coinbase for blockchain analytics software

U.S. Internal Revenue Service inks deal with Coinbase for blockchain analytics software

Public records show that the U.S. Internal Revenue Service has inked a deal with crypto exchange company Coinbase to use its Coinbase Analytics blockchain tracing software. The signing date is listed as July 15 on the Sam.gov database, which tracks contract offerings for U.S. agencies. The contract becomes effective on July 23 and lasts for …

U.S. Internal Revenue Service inks deal with Coinbase for blockchain analytics software Read More »

Crypto scammers see less revenue during coronavirus pandemic due to fallen prices: Chainalysis

Crypto scammers see less revenue during coronavirus pandemic due to fallen prices: Chainalysis

Cryptocurrency scammers may be taking advantage of coronavirus to invent new fraudulent narratives, but their profits have declined since the outbreak of the pandemic because of a drop in crypto market prices, according to blockchain analysis firm Chainalysis.  In an April 10 report by Chainalysis, researchers found that the coronavirus pandemic has triggered an increase in …

Crypto scammers see less revenue during coronavirus pandemic due to fallen prices: Chainalysis Read More »

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

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 from just 6% in 2018. …

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019 Read More »

Scroll to Top