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 …
The Brazilian Tax Authority (RBF) recently published an article acknowledging the growth in stablecoin trading in the country, which has taken the Brazilian cryptocurrency market by storm. The most transacted stablecoin is Tether’s USDT, which has moved more than 271 billion reals (close to $ 54 billion) since the organization started registering these purchases …
Bitcoin and crypto asset funds currently represent a niche market with an estimated worth of $ 50 billion, as highlighted by Bernstein Research. Yet, under the leadership of Gautam Chhugani, Bernstein’s team of analysts anticipates these funds may oversee between “$ 500-650 billion of assets” in the coming five years. $ 650B …
In the past seven days, the non-fungible token (NFT) market has seen a slight rise, recording sales of $ 106.87 million — an increase of 6.59% from the previous week. Ethereum-based NFTs made a significant contribution, accounting for 56.35% of the total weekly sales, or roughly $ 60.23 million, a modest 0.98% climb …
In a recent report, the Bitcoin Mining Council (BMC) unveiled the results of its first half of 2023 survey, highlighting the industry’s strides in electricity consumption, technological efficiency, and sustainable power. Furthermore, the survey details that the BMC accounts for 43.4% of the global mining network. Insights From the Bitcoin Mining Council’s Latest Survey The […]