Category: Crypto

Coinspeaker Revolut Reports $361M Revenue for 2020, 57% Jump Year-Over-Year FinTech startup Revolut has recently unveiled the results of its last financial year 2020. The company reported a staggering $361 million revenue in 2020, up 57% from the previous year. However, it turns out that Revolut has been holding cryptocurrencies on its balance sheets. Thus, […]

Precious metals like Gold have been a part of prime commodities in the trade market. Despite the volatile movements of the Gold market, the cryptocurrency trade market is now looking at gold-backed tokens with the strategy to make cryptos more stable and reliable. The idea of a digital gold currency as an effective and alternative […]

In 2020 fintech firm Revolut saw their losses almost double, reporting a total loss of £167.8 million, despite its crypto revenues being up 34% from the previous year. The fintech firm launched in 2015, and has since become one of the UK’s strongest fintech start-ups, launching overseas and building on its financial products which includes […]

Hitmine is a cloud mining solution for people that don’t want to invest in mining rigs. Instead, you pay a monthly subscription and rent part of the company’s mining centers. For that, you can mine and make a profit without worrying about the hardware or how long it would last, keeping it cool, etc.

The Salvadoran experiment is the shot heard round the world for the mainstream adoption of decentralized digital currencies as money. El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator and open to participation in both using and building from […]

MicroStrategy has announced an additional Bitcoin purchase to the tune of $489 million. MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total […]

Graphics card prices in China reportedly dropped as much as two-thirds on Chinese e-commerce websites. Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable.  According to a Monday report by South China Morning Post (SCMP), prices of some graphic […]

Last week saw Saving the Survivors, the Lady Rocket Foundation, and Copernic Space announce their launch of the Satellite Rhino non-fungible token (NFT) series to help finance the organization’s needs to better rescue Rhinos from poaching. The organization, which directs many of its efforts to help sustain the dwindling population of rhinos around South Africa, […]

Coinspeaker Regulators Caution Banks: Attach Huge Capital Requirements to Crypto Regulators have cautioned banks contemplating diversifying into the volatile world of crypto assets. This year has seen a growth in interest of financial institutions looking to broaden their offer. The Basel Committee on Banking Supervision cautioned the lenders to exercise care in investing in digital […]

The heavy regulations imposed on Sichuan have practically banned mining operations in this region that used to be the hub of Bitcoin mining in China. Because of this, graphics cards, which are a critical component of mining operations, have drastically dropped in price, making them more affordable.  Graphics Cards Demand Drops As China Reels Under […]