Although cryptocurrency has made a lot of people rich and is constantly advertised as a way to make passive income, it is still risk-free to buy into the market due to its volatility. So what is the s...
Tag: revenue
Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K
Bitcoin (BTC) visiting the $20,000 range after one and a half years made mining — the most important job of the ecosystem — a costly affair. However, if history were to repeat itself, BTC investors ma...
Goldman Sachs Downgrades Coinbase Shares, Predicts 60% Revenue Decline
Coinbase shares fell 9% to $56.88 on Monday after Goldman Sachs downgraded the company to “sell” from “neutral,” and lowered its price target to $45 from $70. Analyst Will Nance also wrote in a note t...
Coinbase Amidst A Revenue Crisis— Downgraded By Moody’s
Famous cryptocurrency Coinbase is downgraded by the financial services company Moody’s from Ba2 to Ba3. Along with that, there is a 19% drop in the monthly users. Coinbase announced that it is cutting...
Rising costs take shine off strong revenue growth at Wise
Payments app Wise reported strong revenue growth and said it was “business as usual” a day after the group revealed its chief executive was under investigation by the UK financial watchdog. Rising tra...
Huobi to Reportedly Lay Off at Least 30% of Staff Citing Sharp Revenue Drop
The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be very prominent in china – will reportedly la...
Huobi Global Could Cut Over 30% Workforce as China Crackdown Leads to Fall in Revenue
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Bitcoin Energy Consumption Declines as Miners Grapple With Falling Revenue
Bitcoin mining is no longer consuming as much energy as before, according to a Cambridge Bitcoin Electricity Consumption Index report, which shows a 25% decline in energy use since the start of the mo...
Coinbase Downgraded by Moody’s Due To ‘Substantially Weaker Revenue’
America’s largest crypto exchange Coinbase came under pressure as credit ratings agency Moody’s downgraded the company’s Corporate Family Rating (CFR) to Ba3 from Ba2 and its guaranteed senior u...
Carnival Stock Surges as Second-Quarter Revenue Rises Sharply
Text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of Carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply fr...
Netflix lays off 300 more employees as revenue growth slows
Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weak...
Miner Bit Digital made $8 million in bitcoin mining revenue in Q1 2022
Crypto mining company Bit Digital brought in $8 million in bitcoin mining revenue and $0.5 million in Ethereum in the first quarter of 2022, the firm said on Wednesday. During the same time period, ne...
Revenue Out of Crypto Space Good Idea, Says SHIB Developer
Shytoshi Kusama, SHIB’s lead developer, shares Shiba Inu’s path forward in the ongoing bear market in a recent thread of tweets. Secondly, although the tactic of what people erroneously th...
Taiwan’s No. 2 Chip Maker Posts 42% Revenue Jump, But How Long Can It Last?
Computer chips Yoray Liberman/Getty Images UMC reported soaring sales for the month of May, boosted by continued strong demand for its semiconductor chips that power consumer electronics and modern ve...
Credit Suisse Sees Microsoft Azure Narrow Revenue Gap To Amazon Web Services And Widen Gap To Google Cloud, Alibaba Cloud
TipRanks Oppenheimer Pounds the Table on Nvidia Stock In an upbeat research note, Oppenheimer analyst Rick Schafer laid out the bull case for buying Nvidia (NVDA) stock — why he rates it “...
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A police patrol vehicle monitors the crowd along Shanghai’s iconic Bund on June 1. Lockdown … [+] restrictions have eased in much of the city this month but residents face stringent travel...
Meme Token King Dogecoin Lost 91% in Value Since Last Year’s High, DOGE Mining Revenue Plummets – Market Updates Bitcoin News
After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset...
Dogecoin Mining Revenue Massively Fell In Past 12 Months
Dogecoin continues to plunge as it failed to retain support at the $0.08 level. The bad news is that the Dogecoin price can still fall further down as the bears appear to have bypassed the triangular ...
DOGE Annual Mining Revenue Is Down 76%: CryptoRank
According to recently published CryptoRank data, DOGE mining revenue has significantly dropped over the past year. Year-to-year statistics show a 76% drop in Dogecoin mining profitability, while the m...
AMD expects revenue growth of 20% in the next 3 years
At its Financial Analyst Day on June 9, AMD (NASDAQ: AMD) outlined its new strategy to deliver more growth. Their portfolio of high-performance adaptive computing products across the data center, embe...
Over 90% of U.S. businesses accepting crypto see revenue grow, data shows
The ecosystem around cryptocurrencies is becoming more developed, and the expansion of businesses is being continuously driven by the greater usability and accessibility of these assets as a payment m...
Bitcoin (BTC) Miners Revenue Continues to Decline as its Price Struggles to Stay Above $30K – crypto.news
According to a Glassnode tweet, Bitcoin miners’ revenue has continued to decline, while the cost of production has also increased due to the market’s current state. Tron DAO also transferred $100 mill...
Play-to-earn game Axie Infinity revenue continues to fall
The blockchain-based game brought in only $988,400 in revenue The game has clocked less than $1 million since February of 2021 Axie’s creator Sky Mavis had even reached a $3 billion valuation Ax...
Axie Infinity Revenue Continues To Collapse
Axie Infinity, a blockchain-based play-to-earn game, generated a measly $988,400 in total revenue the previous week, which is the first time that the popular P2E game that allows you to earn SLP coins...
Ethereum Remains Revenue King as Competing L1s Get Crushed
Crypto network fees and revenue are good indicators of the state of markets. In bull markets, demand is high, and fees and revenue increase, however, the opposite occurs when the bears have control of...
Bitcoin Mining Revenue Tanks By 56%, Will BTC Miners Hold Or Sell?
On-chain analytics platform, Glassnode, reports In a newsletter that Bitcoin miners revenue has continued to drop, while production cost surges, as market condition stays bearish and long term holders...
China Tourist Trips, Revenue Fell During Dragon Boat Festival
Children wearing face masks ride on a cart at a public park on the first day of the Dragon Boat … [+] Festival holiday in Beijing, Friday, June 3, 2022, as China’s capital has begun to reo...
Buy the bottom as Chewy beats analyst expectations on revenue growth
Chewy Inc. (NYSE:CHWY) is trending after releasing a mixed earnings report. The valuation of $23.49 is close to the 52-week bottom. The stock’s performance from this level will depend on how well the ...