
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.
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.
Recent figures show Coinbase generated revenue of just under $3.15 billion last year, down from $7.35 billion in 2021.
For 2020, London-based Argo Blockchain reported increased revenue by 120% to £19.0 million, compared to £8.6 million the prior year.
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.
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.
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.
Cryptocurrency mining equipment manufacturer Bitmain is still grasping to hope that it will be able to pull off its initial public offering.