In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event in April 2024. The company emphasizes the halving event’s potential to reduce mining rewards as […]
Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been decommissioned, constituting a 14.56% decrease from the peak in December 2022. Over 5,700 Crypto ATMs Vanish in Historic 2023 Downturn […]
Numerous advocates of digital currencies report that Circle Internet Financial has been reaching out to its clients about a summons received from the Internal Revenue Service (IRS). Circle has stated that it is obliged to submit records concerning U.S. taxpayers who have engaged in transactions amounting to at least $ 20,000 annually during the …
Block Inc. reported an increase in third-quarter earnings, with total net revenue climbing to $ 5.62 billion, marking a 24% year-over-year growth. Setting aside its bitcoin operations, the company’s revenue saw a jump to $ 3.19 billion, up 16% from the previous year. The firm’s shareholder letter discloses that bitcoin revenue rose to …
WordPress has launched its 2023 annual survey, which is open to the entire community, including users, site builders, plugin and theme authors, and contributors. The 2022 survey collected responses from roughly 3,400 people, including approximately 800 contributors, a decline in submissions from previous years. The 2022 survey introduced the Likert scale, …