Financial report – DIGIT INFO

Robinhood doubles crypto trading volume, but shares dip 12% on Q3 earnings

DIGIT — Thu, 31 Oct 2024 01:57:18 +0000

Robinhood also reported a 76% year-on-year increase in assets under custody, attributed to rising crypto valuations.

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

DIGIT — Tue, 20 Aug 2024 22:30:37 +0000

Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. […]

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Tether Posts $5.2 Billion Profit in First Half of 2024

DIGIT — Wed, 31 Jul 2024 17:30:22 +0000

Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer […]

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Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH

DIGIT — Wed, 10 May 2023 20:04:58 +0000

Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings […]

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Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty

DIGIT — Fri, 03 Mar 2023 02:20:33 +0000

The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin’s market cap.

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MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

DIGIT — Fri, 03 Mar 2023 02:08:00 +0000

MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.

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Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO

DIGIT — Wed, 25 Jan 2023 02:49:50 +0000

Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since.

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VeChain Foundation unveils $1.2B crypto treasury… but spent just $4M in Q1

DIGIT — Wed, 11 May 2022 04:24:56 +0000

The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022.

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Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

DIGIT — Mon, 18 Apr 2022 20:00:41 +0000

On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets. Ethereum Foundation Holds $1.294 Billion in Ether The Ethereum Foundation is […]

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Riot Blockchain’s hashing capacity grew 460% in 2020: Report

DIGIT — Thu, 01 Apr 2021 04:33:04 +0000

Riot Blockchain has published its 2020 financials and revealed it has increased its hashrate by 460%.

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