Press "Enter" to skip to content

Wave of Mobile Tax Hikes Squeeze Africa’s Poor to Indulge Governments

A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being…

Bitmain Releases First Public Financial Disclosures

On September 26th, mining firm Bitmain publicly disclosed its financial information for the first time. The move comes in anticipation of an IPO on the Hong Kong Stock Exchange. Bitmain, the Chinese giant of crypto mining, has publicly released its financial standings in a prospectus report…

Bitmain Bids for Public Listing on the Hong Kong Stock Exchange

The China-based mining manufacturer Bitmain Technologies has filed its initial public offering (IPO) prospectus in order to gain approval to be listed on the Hong Kong Stock Exchange. Also Read: Japanese Regulators Urgently Respond to Zaif’s Hack Bitmain Officially Files for IPO Status in Hong Kong…

Mining Round-Up: Nvidia Shares Drop, College Students Mine on Campus

In recent news pertaining to cryptocurrency mining, Nvidia has witnessed a drop in its share price after announcing an unexpectedly modest earnings outlook – partly driven by reduced demand for mining hardware. Also, the World Digital Mining Summit has been scheduled for late September in…

$37 Million of Bitcoin Revenue Helps Square Accelerate Growth in Q2

Square has reported its Q2 2018 financial results, revealing that $37 million of Bitcoin-related revenue helped the company accelerate its growth during the period. While the company still made very little profit from cryptocurrency trading in Q2, management is content with not trying to push…

Crypto Exchange Binance Expects up to $1 Billion Profit in 2018

Leading cryptocurrency exchange Binance expects a net profit of up to $1 billion USD this year. The trading platform has already registered about $300 million of revenue in the first half of 2018 and a five-fold increase in the number of users. The data demonstrates…

Overstock Sees Cryptocurrencies as a Great Business Opportunity

Overstock, an online retail giant famous for embracing crypto-friendly policies in 2017, announced the satisfactory results of the application of its new business model. Jonathan Johnson, a member of Overstock’s board of directors, informed that the company grew to accumulate capital of more than 1Bn…

Mining Hardware Supply Chain Seeks Alternative Revenue Streams Amid Declining Demand

With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry. Also Read: SEC…