Coinbase losses increase as trading volume dries up and USDC shrinks
Coinbase generated revenue of $707.9 million in the three months ending June 30, a 12.5% decline from the same period last year and 8.3% below the first quarter of 2023.
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Blockchain Investments: Driving utility for a better world
Blockchain is here to stay, and the only thing that would help businesses across various industries to thrive is leveraging the technology based on their demands and needs.
Coinbase says ‘crypto’ needs ‘scalability’ but exchange still shuns BSV
Recent figures show Coinbase generated revenue of just under $3.15 billion last year, down from $7.35 billion in 2021.
Argo Blockchain delivers on revenue growth in 2020
For 2020, London-based Argo Blockchain reported increased revenue by 120% to £19.0 million, compared to £8.6 million the prior year.
Hive Blockchain reports profits amid recent spending spree
Hive reported revenue of $13 million during its fiscal second quarter, up 8.2% from the same period a year ago, with gross profits of $7.4 million.
Hut 8 revenue dips in latest 2020 earnings reports
The earnings report shows the firm generated revenue of US$4.3 million in Q3, down significantly from C$26.7 million during the same period last year.
zCash falls on hard times as expenses outweigh income
Electric Coin Company is seeing significant financial losses because its business model is flawed and will have a difficult time surviving as more regulations for the cryptocurrency industry are introduced.
Bitmain continues to post revenue losses
Cryptocurrency mining equipment manufacturer Bitmain is still grasping to hope that it will be able to pull off its initial public offering.