Ethereum Mining Revenue Tops Bitcoin's for Fourth Month Running

Courtesy of the unparalleled hype around non-fungible tokens, Ethereum’s mining revenue has increased by more than 60% in the month of August. While the Ethereum mining revenue for the month of July was north of $1.08 billion, that figure has reached $1.65 billion in August. Likewise, Bitcoin mining revenue witnessed a boost as the prices… Continue reading Ethereum Mining Revenue Tops Bitcoin's for Fourth Month Running

Nvidia Q2 revenue surges, but digital currency-related sales fall short of expectations

Nvidia’s (NASDAQ: NVDA) earnings for the second fiscal quarter ending August 1 has beaten Wall Street estimates. The tech giant reported a fiscal second-quarter net income of $2.4 billion, up from a profit of $622 million in the year-ago period. Strong graphics card sales and an increased interest in the company’s data center capabilities drove… Continue reading Nvidia Q2 revenue surges, but digital currency-related sales fall short of expectations

General Motors Q2 Profit Beats Estimates, Sees FY21 Profit Below Market; Stock Down

General Motors Co. (GM) said its second-quarter results were better than originally expected due to strong pricing and demand, record GM Financial results and improved near-term production from the pull forward of semiconductors from the third quarter. Based on first-half performance and expectations for the rest of the year, the company increased its full-year guidance.… Continue reading General Motors Q2 Profit Beats Estimates, Sees FY21 Profit Below Market; Stock Down

Ethereum Mining Revenue Soares to a New All-Time High

After attaining an all-time high of $2,500 per coin earlier this month, Ethereum (CRYPTO: ETH) is trading at a new all-time high over the $2,700 level following reports about European Investment Bank’s intentions to establish a “digital bond” sale on the Ethereum blockchain network. Network data shows that Ethereum surpassed another previous milestone this month:… Continue reading Ethereum Mining Revenue Soares to a New All-Time High

UK revenue authority to target cryptocurrency tax evaders

Her Majesty’s Revenue and Customs, the tax authority of the United Kingdom, will ramp up its efforts to snare cryptocurrency tax evaders in an attempt to uncover what it regards as hidden wealth, says U.K. accountancy group UHY Hacker Young. According to the group, the “statement of assets” form that is used in tax evasion… Continue reading UK revenue authority to target cryptocurrency tax evaders

AmEx sees drop in revenue as pandemic slows travel, dining

Visa releases cryptocurrency credit card Kris Marszalek discusses how to get involved in crypto-driven transactions. NEW YORK — American Express saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt. The New York-based company said it… Continue reading AmEx sees drop in revenue as pandemic slows travel, dining

BTCS Generating Revenue By Securing Smart Contract-Based Proof-Of-Stake Blockchains

In 2021, companies are enhancing their treasury management strategies to realize improved returns by allocating liquid funds to cryptocurrencies. This shift marks a significant advance in the institutionalization of the cryptocurrency market. In this environment, well-known cryptocurrencies such as bitcoin and ethereum have shown solid appreciation as both have more than doubled in price since… Continue reading BTCS Generating Revenue By Securing Smart Contract-Based Proof-Of-Stake Blockchains

Ethereum Mining Revenue Hit 800 Million All-Time-High in January

Ethereum mining revenue generated by miners in January 2021 dwarfed that of 2018. The second-largest crypto in the world has been attracting a lot of interest from the masses of late, thanks to the burgeoning decentralized finance (DeFi) ecosystem as well as the Eth2 staking craze. Ethereum Miners Make a Fortune  The year 2021 is… Continue reading Ethereum Mining Revenue Hit 800 Million All-Time-High in January

IHS Markit Reports Net Income Drop in Q4 2020

IHS Markit, a provider of analytics and financial markets solutions, has reported its financial results for the fourth quarter ended 30 November 2020. The company reported $1.107 billion in revenue in Q4 of 2020, a marginal decline from $1.120 billion in revenue during the same period in 2019. The analytics company reported a significant drop… Continue reading IHS Markit Reports Net Income Drop in Q4 2020

First Derivatives H1 Revenue Gains Marginally, Profit Drops

First Derivatives (LON:FDP) has published its financial results for the first six months ended on August 31, 2020, showing a marginal increase in its revenue, but the profits slumped in double digits. The total revenue of the financial software and consulting company increased by 3 percent year-on-year for the period to £119.6 million. This number… Continue reading First Derivatives H1 Revenue Gains Marginally, Profit Drops

Clearstream Posts Healthy YoY Uptick in September Turnover

Clearstream, Deutsche Börse’s post-trade service provider, has published its aggregated metrics for the month of September, showing healthy growth across all segments. The platform provides a range of services in the Eurobond market as part of a trading and securities giant, Deutsche Börse Group, one of the largest exchange organizations in the world. The total… Continue reading Clearstream Posts Healthy YoY Uptick in September Turnover

ETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers

On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode. When denominated in USD, these numbers are still below the… Continue reading ETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers

Zoom raises annual revenue target on remote work boost

Zoom will benefit from permanent change in business travel: SteelHouse CEO SteelHouse CEO Mark Douglas argues as leisure travel returns to normal, business travel may never return to post-coronavirus levels. Zoom Video Communications Inc raised its annual revenue forecast by 30% after comfortably beating quarterly estimates on Monday, as it converts more of its huge free… Continue reading Zoom raises annual revenue target on remote work boost

Chief of Staff (Revenue Organization) – Blockchain News, Opinion, TV and Jobs

United States Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand… Continue reading Chief of Staff (Revenue Organization) – Blockchain News, Opinion, TV and Jobs

Verizon revenue drops as pandemic slows phone shopping

Verizon CEO: Coronavirus changing future of workplace, society Verizon CEO Hans Vestberg argues telehealth and remote learning will be used more by corporations and society as a result of the coronavirus pandemic. Verizon Communications Inc. continued to add cellphone customers during the pandemic, though quarterly revenue declined in its core wireless business and its online… Continue reading Verizon revenue drops as pandemic slows phone shopping

Stock Alert: Walgreens Down 6% On Weak Q3 Results, Job Cut

Shares of Walgreens Boots Alliance Inc. (WBA) are losing more than 6 percent or $2.78 in Thursday’s morning trade at $39.51 after the drugstore chain’s earnings for the third quarter missed analysts’ expectations and it also forecast earnings for the full-year below estimates. Walgreens’ net loss for the third quarter was $1.71 billion or $1.95… Continue reading Stock Alert: Walgreens Down 6% On Weak Q3 Results, Job Cut

LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019. The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% drop in annual operating income to $19.8 million. LocalBitcoins‘ staff also expanded significantly last year as the platform strengthened its know-your-customer… Continue reading LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019. The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% drop in annual operating income to $19.8 million. LocalBitcoins’ staff also expanded significantly last year as the platform strengthened its know-your-customer… Continue reading LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

First Commonwealth Financial Q1 Results Miss Estimates – Quick Facts

First Commonwealth Financial Corp. (FCF) on Tuesday reported net income for the first quarter of $4.73 million or $0.05 per share, down sharply from $24.59 million or $0.25 per share in the year-ago period. The latest quarter’s results include the impact of a reserve build of $27.4 million, or ($0.22) per share. Core earnings for… Continue reading First Commonwealth Financial Q1 Results Miss Estimates – Quick Facts

Pfizer Q4 Adj. Profit Falls, Revenues Down 9%; Issues FY20 Outlook

Pfizer Inc. (PFE) reported that its fourth-quarter adjusted earnings per share declined 13 percent year-over-year to $0.55. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.57, for the quarter. Analysts’ estimates typically exclude special items. Adjusted income declined 17 percent year-over-year to $3.11 billion. Fourth-quarter revenues… Continue reading Pfizer Q4 Adj. Profit Falls, Revenues Down 9%; Issues FY20 Outlook

ACRS On Watch, Avita, Exicure For The Long Haul, VCYT, NUVA Lift Outlook

Today’s Daily Dose brings you news about Aclaris’ alopecia areata trial results; CryoLife’s better-than-expected financial results; NuVasive’s updated earnings outlook; Avita Medical’s next move; Veracyte’s strong quarterly financial results and Exicure’s uplisting to NASDAQ. Aclaris Therapeutics Inc.’s (ACRS) phase II clinical trial of ATI-501 (AUAT-201 Oral), an investigational oral Janus Kinase (JAK) 1/3 inhibitor, in… Continue reading ACRS On Watch, Avita, Exicure For The Long Haul, VCYT, NUVA Lift Outlook

Coca-Cola Q2 Results Beat Estimates; Reaffirms FY19 Earnings Outlook

Beverages giant Coca-Cola Co. (KO) on Tuesday reported a 13 percent increase in profit for the second quarter from last year, reflecting higher revenues and fewer charges. Both revenue and adjusted earnings per share for the quarter beat analysts’ estimates. Looking ahead, the company reaffirmed its fiscal 2019 earnings outlook and raised its forecast for… Continue reading Coca-Cola Q2 Results Beat Estimates; Reaffirms FY19 Earnings Outlook