Revolut Faces Denial of Banking License in the UK

Central Bank has already made its decision and announced it to the Finance Ministry The reason was inconsistencies with the 2021 audit But the rejection will not prevent Revolut from continuing its current services The Telegraph reports that Britain p ...

Robinhood Reports Better-Than-Expected Financial Results in Q1 2023

The company delivered a successful earnings report After its release, its stock rose Trading app Robinhood reported first-quarter financial results. They were better than expected, even though trading volumes remain lower than a year ago. So, Robinhood recorde ...

Roblox Reports Growth in Users and Digital Currency Sales in Q1 2023

Roblox reported growth in daily users and digital currency sales last quarter Online game creation platform Roblox has reported its Q1 2023 results: more active players and sales of Robux's internal cryptocurrency increased sharply. According to the published data, the platform received $774 m ...

Cash App Earns $2.2 Billion from Bitcoin Trading in Q1 2023, Block’s Revenue Increases

Cash App sold $2.2 billion worth of bitcoins It brought Jack Dorsey $50 million in revenue Block grew revenue overall Fintech firm Block reported Q1 earnings. Here we see the brilliant results of the Cash App division. Bitcoin trading brought them $2. ...

Council of Economic Advisers Proposes 30% Tax on Miners to Combat Climate Change

Council of Economic Advisers to the President (CEA) proposed a thirty percent tax on miners to prevent them from ruining the climate. Council proposed to introduce the tax in stages over three years, starting with 10% next year. In 2025 to increase the tax to 20%, and the ...

Bitcoin Mining Difficulty Reaches New Record High

Following the latest recalculation of the bitcoin mining complexity, the measurement increased by 1.72% and has now surpassed the previous record to reach an all-time high of 48.71 trillion hashes. This adjustment occurs roughly every two weeks and is reliant on the network hashrate - the higher ...

Bitcoin Mining Difficulty Reaches New Record at 47.89 Trillion Hashes

Bitcoin mining difficulty has recently reached a new milestone, with the figure surging by 2.23% to reach an all-time high of 47.89 trillion hashes. The previous record was set on March 24, 2023, when it reached 46.84 trillion hashes. The mining difficulty of the world's largest cryptocurrency ...

Bitcoin Mining Revenue Surges to $755M in March 2023

Bitcoin mining companies have reported their best results since May of the previous year, with a combined revenue of $755 million generated in March of 2023. The hashrate of the Bitcoin network continues to rise, and so does the difficulty of mining the first cryptocurrency. Despite these chal ...

Flybondi Launches NFT Ticketing on Algorand Blockchain

Flybondi, the budget airline from Argentina, has launched a unique project called Ticket 3.0, which involves issuing tickets in the form of non-fungible tokens (NFT). By utilizing Algorand blockchain technology, passengers can now transfer, exchange or sell their tickets as per their convenience. ...

Canaan’s Q4 Revenue Collapses by 82% as Cryptocurrency Market Falters

Canaan, the ASIC miner manufacturer based in China, has reported its financial results to the US Securities and Exchange Commission (SEC), indicating a massive 82% drop in revenue during the last quarter of the year. The report shows that the company earned a meager $56.8 million during October-D ...