European investment company CoinShares recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved a revenue of £22.5 million ($28.5 million) in Q2 2024, showing a 110% year-over-year growth from the £10.7 million ($13.5
Revenue
Immutable, a prominent player in the NFT and blockchain gaming space, has recently announced its decision to close down its NFT marketplace. This strategic move is in line with the company’s vision of bolstering its network by supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to begin on August 13,
Marathon Digital (MARA) recently reported second-quarter revenue of $145.1 million, which fell short of Wall Street’s forecast by approximately 9%. The company attributed this revenue miss to several operational challenges such as unexpected equipment failures, transmission line maintenance, an increased global hash rate, and the impact of the recent halving event on the mining sector.
In the second quarter of this year, Riot Platforms reported a net loss of $84.4 million, a significant increase from the $27.4 million loss in the same period last year. The widened losses can be attributed to the continued impact of the April Bitcoin halving event. Despite this, Riot still managed to generate a total
Bitcoin (BTC) miners could potentially experience less selling pressure in the coming weeks due to a combination of factors. As reported by CryptoQuant, there has been a significant increase in the profitability of miners following the recent rally of Bitcoin to $69,000. Additionally, the hashrate of the Bitcoin network has also made a strong recovery,
Coinbase, a prominent cryptocurrency exchange, recently came under fire for alleged breaches of campaign finance laws. A crypto researcher raised concerns regarding the company’s $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC), suggesting that this donation may have violated campaign finance regulations. The timing of this donation, coinciding with negotiations for
The decentralized finance (DeFi) sector has been making a comeback, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending, which allows investors to lend their crypto assets in exchange for interest, plays a crucial role in indicating the participation and health of the
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
The Bitcoin market has seen a recent shift in on-chain dynamics, suggesting that miner capitulation may be coming to an end. The Glassnode Hash Ribbon indicator, which measures BTC’s hash rate, has shown a positive cross between the short-term (30-day) and long-term (60-day) moving averages. This indicates that miners are returning to the network and
Atari has long been a prominent figure in the gaming industry, known for its innovative approach to classic video games. The partnership with Coinbase marks a significant shift towards incorporating blockchain technology to reinvent games such as Asteroids and Breakout. This collaboration aims to eliminate intermediaries and ensure that game sale proceeds directly benefit the