Coinbase earned $2.2 billion in revenue from transaction fees in Q4 2021
The company's total revenue for Q4 2021 was $2.5 billion, with $2.2 billion of that coming from trading commissions.
The company reported net income of $840 million for the period, and earnings before taxes and interest were $1.2 billion.
The Coinbase platform hosts 11.4 million monthly trades.
Retail traders made $177 billion in transactions, and institutional clients traded at $371 billion.
The fourth quarter proved to be quite successful for Coinbase, with the number of registered users reaching 89 million, up 16 million from the previous quarter.
Also, the number of traders making at least one transaction per month increased significantly - 11.4 million compared to 7.4 million in Q3.
💎 @TgBitcoin
The company's total revenue for Q4 2021 was $2.5 billion, with $2.2 billion of that coming from trading commissions.
The company reported net income of $840 million for the period, and earnings before taxes and interest were $1.2 billion.
The Coinbase platform hosts 11.4 million monthly trades.
Retail traders made $177 billion in transactions, and institutional clients traded at $371 billion.
The fourth quarter proved to be quite successful for Coinbase, with the number of registered users reaching 89 million, up 16 million from the previous quarter.
Also, the number of traders making at least one transaction per month increased significantly - 11.4 million compared to 7.4 million in Q3.
💎 @TgBitcoin
Crypto Exchanges Refuse to Freeze All Russian Accounts
Faced with a request by Ukrainian leadership to freeze the accounts of all people in Russia and Belarus, major crypto exchanges are steadfastly refusing, saying the tactic would unfairly harm civilians and “fly in the face” of the crypto community’s libertarian ideology.
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👉🏼 @TgBitcoin
Faced with a request by Ukrainian leadership to freeze the accounts of all people in Russia and Belarus, major crypto exchanges are steadfastly refusing, saying the tactic would unfairly harm civilians and “fly in the face” of the crypto community’s libertarian ideology.
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👉🏼 @TgBitcoin
Yearn Finance announces ecosystem independence
The Yearn Finance project will henceforth grant all of its products independence for further development.
As per the announcement, all the projects absorbed at the end of 2020 will now run autonomously.
Among them are SushiSwap, CREAM Finance and Pickle Finance.
"Despite our overall success, we still haven't really come as one. That caused confusion in our communities, uncertainty about roles and responsibilities, and slowed decision-making," the announcement stated.
When exactly the projects get independence and how it will manifest itself remains unclear.
However, the developers claim that each protocol would still help Yearn Finance and each other grow.
💎 @TgBitcoin
The Yearn Finance project will henceforth grant all of its products independence for further development.
As per the announcement, all the projects absorbed at the end of 2020 will now run autonomously.
Among them are SushiSwap, CREAM Finance and Pickle Finance.
"Despite our overall success, we still haven't really come as one. That caused confusion in our communities, uncertainty about roles and responsibilities, and slowed decision-making," the announcement stated.
When exactly the projects get independence and how it will manifest itself remains unclear.
However, the developers claim that each protocol would still help Yearn Finance and each other grow.
💎 @TgBitcoin
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in a report published on Sunday. Moreover, in terms of inflation coupled with the Ukraine invasion, an economics professor at American International College (AIC) stressed there’s “a perfect storm brewing.”
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👉🏼 @TgBitcoin
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in a report published on Sunday. Moreover, in terms of inflation coupled with the Ukraine invasion, an economics professor at American International College (AIC) stressed there’s “a perfect storm brewing.”
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👉🏼 @TgBitcoin
Be prepared for any unexpected market situations by subscribing to FIBO Group Telegram channel .
You can increase your Forex gains with trading signals from the Company’s analysists who have more than 20 years of financial markets experience on currencies, indices, gold and cryptocurrencies. Plan your trading flawlessly with advanced economic calendar.
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💎 @TgBitcoin
You can increase your Forex gains with trading signals from the Company’s analysists who have more than 20 years of financial markets experience on currencies, indices, gold and cryptocurrencies. Plan your trading flawlessly with advanced economic calendar.
channel and may the Forex be with you.
💎 @TgBitcoin
Intel announced the launch of a new bitcoin mining processor
At the virtual ISSCC, Intel announced a new application-specific integrated circuit (ASIC) for mining, BonanzaMine. The company intends to compete with processors from Bitfury, Bitmain and Canaan.
Earlier this month, Intel expressed its intention to run in the cryptocurrency mining industry, stating that ASICs are "1,000 times" faster than other graphics processing units (GPUs).
They've been used in mining since the early days of the industry.
Also at the conference, the company demonstrated its BonanzaMine system, consisting of 300 BonanzaMine ASICs with a capacity of 40 teraches and consuming 3.6 kW of power.
Intel claims that even higher hashing speeds can be achieved if needed.
The BonanzaMine system is a worthy competitor to ASICs such as Bitfury Clarke and Canaan Avalon A9.
The Intel system consumes 55 joules per terahesh at 47.7 terahesh/s. The Bitfury Clarke can reach 40 terraches/s at 56 joules/terahesh, while the Canaan Avalon A9 can reach 30 terraches/s at 58 joules/terahesh.
💎 @TgBitcoin
At the virtual ISSCC, Intel announced a new application-specific integrated circuit (ASIC) for mining, BonanzaMine. The company intends to compete with processors from Bitfury, Bitmain and Canaan.
Earlier this month, Intel expressed its intention to run in the cryptocurrency mining industry, stating that ASICs are "1,000 times" faster than other graphics processing units (GPUs).
They've been used in mining since the early days of the industry.
Also at the conference, the company demonstrated its BonanzaMine system, consisting of 300 BonanzaMine ASICs with a capacity of 40 teraches and consuming 3.6 kW of power.
Intel claims that even higher hashing speeds can be achieved if needed.
The BonanzaMine system is a worthy competitor to ASICs such as Bitfury Clarke and Canaan Avalon A9.
The Intel system consumes 55 joules per terahesh at 47.7 terahesh/s. The Bitfury Clarke can reach 40 terraches/s at 56 joules/terahesh, while the Canaan Avalon A9 can reach 30 terraches/s at 58 joules/terahesh.
💎 @TgBitcoin
Bitcoin is proving itself as a safe haven in times of global uncertainty
It has outperformed every other asset class by orders of magnitude since the Ukraine invasion.
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👉🏼 @TgBitcoin
It has outperformed every other asset class by orders of magnitude since the Ukraine invasion.
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👉🏼 @TgBitcoin
Russians are paying up to $20,000 above market rate to buy Bitcoin (in p2p)
Sanctions bite leading to the collapse of the ruble. Data suggests Russians are turning to Bitcoin to protect themselves from the fallout.
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👉🏼 @TgBitcoin
Sanctions bite leading to the collapse of the ruble. Data suggests Russians are turning to Bitcoin to protect themselves from the fallout.
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👉🏼 @TgBitcoin
The number of bitcoin nodes has reached 15,000
Each one of these nodes holds a full copy of the bitcoin blockchain. Starting from the very first transaction that Satoshi Nakamoto sent thirteen years ago, these nodes record and audit every. single. one.
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👉🏼 @TgBitcoin
Each one of these nodes holds a full copy of the bitcoin blockchain. Starting from the very first transaction that Satoshi Nakamoto sent thirteen years ago, these nodes record and audit every. single. one.
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👉🏼 @TgBitcoin
EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report
A new version of the Markets in Crypto Assets (MiCA) legislation removes controversial wording that would have banned cryptos like bitcoin (BTC) that rely on the proof-of- work blockchain-based algorithm.
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👉🏼 @TgBitcoin
A new version of the Markets in Crypto Assets (MiCA) legislation removes controversial wording that would have banned cryptos like bitcoin (BTC) that rely on the proof-of- work blockchain-based algorithm.
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👉🏼 @TgBitcoin
The Bybit exchange listed the ERTHA token
ByBit's listing in the current challenging times for the market will allow Ertha to solidify its position as one of the leading metaverse tokens.
The project further increases its accessibility to potential investors and maintains its growth momentum, while the development team intends to launch the largest metaverse of 2022.
NFT Ertha's sales numbers have been virtually unaffected by adverse industry events.
The project has already sold more than 22,000 plots of land, allowing their owners to generate income.
💎 @TgBitcoin
ByBit's listing in the current challenging times for the market will allow Ertha to solidify its position as one of the leading metaverse tokens.
The project further increases its accessibility to potential investors and maintains its growth momentum, while the development team intends to launch the largest metaverse of 2022.
NFT Ertha's sales numbers have been virtually unaffected by adverse industry events.
The project has already sold more than 22,000 plots of land, allowing their owners to generate income.
💎 @TgBitcoin
‘Mexico Is On The List’—Other Countries Could Soon Follow El Salvador Into Bitcoin
Samson Mow, the chief strategy officer at bitcoin infrastructure company Blockstream since 2017 and an advisor to El Salvador during its adoption of bitcoin, has announced he's leaving the company to focus on furthering "nation-state bitcoin adoption"—and naming Mexico as "on the list" of countries that could adopt bitcoin.
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👉🏼 @TgBitcoin
Samson Mow, the chief strategy officer at bitcoin infrastructure company Blockstream since 2017 and an advisor to El Salvador during its adoption of bitcoin, has announced he's leaving the company to focus on furthering "nation-state bitcoin adoption"—and naming Mexico as "on the list" of countries that could adopt bitcoin.
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👉🏼 @TgBitcoin
Investors saw in the conflict between Russia and Ukraine an opportunity to profitably buy bitcoin
The most capitalized cryptocurrency - bitcoin - began the new workweek with a wave of growth, turning into a correction.
Lots of participants in the cryptocommunity see the potential for a decline in the BTC rate in the near future.
Analyst Lark Davis paid attention to the signals of the indicators: bitcoin fell below the moving averages EMA21 and MA 50.
From the point of view of technical analysis, this behavior of the asset indicates the prospect of its further decline.
"In 5 years it won't matter at what rate you bought bitcoin: at $69K, $50K, $33K or other current prices," Lark Davis wrote, hinting at the growth potential inherent in bitcoin.
💎 @TgBitcoin
The most capitalized cryptocurrency - bitcoin - began the new workweek with a wave of growth, turning into a correction.
Lots of participants in the cryptocommunity see the potential for a decline in the BTC rate in the near future.
Analyst Lark Davis paid attention to the signals of the indicators: bitcoin fell below the moving averages EMA21 and MA 50.
From the point of view of technical analysis, this behavior of the asset indicates the prospect of its further decline.
"In 5 years it won't matter at what rate you bought bitcoin: at $69K, $50K, $33K or other current prices," Lark Davis wrote, hinting at the growth potential inherent in bitcoin.
💎 @TgBitcoin
💥 Flexport CEO: Every global logistics provider will add Bitcoin to balance sheet 🙌
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Half of the bitcoin payments on Steam were fraudulent - Gabe Newell
"We had problems when we started accepting cryptocurrencies as a payment option.
50% of those transactions were fraudulent, which is a mind-boggling number. These were customers we didn't want to have," Newell said.
The head of Steam stressed that bitcoin's volatility was a "total nightmare" for the company, as customers resented the dramatic price changes.
He also acknowledged there is "really a lot of interesting technology" in blockchain.
Still, he doesn't see why people really need "distributed ledger" technology.
Newell said even the NFT market is full of fraudulent schemes.
💎 @TgBitcoin
"We had problems when we started accepting cryptocurrencies as a payment option.
50% of those transactions were fraudulent, which is a mind-boggling number. These were customers we didn't want to have," Newell said.
The head of Steam stressed that bitcoin's volatility was a "total nightmare" for the company, as customers resented the dramatic price changes.
He also acknowledged there is "really a lot of interesting technology" in blockchain.
Still, he doesn't see why people really need "distributed ledger" technology.
Newell said even the NFT market is full of fraudulent schemes.
💎 @TgBitcoin
BTC accumulation phase begins
Newbies who joined last year are evolving to long-term holders. The market cap for 6-month+ old BTC takes 52% now. It was 13% at the cyclic top.
Unlikely to hit the previous low($28k) as the newbies will wait for other newbies in the next cycle.
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👉🏼 @TgBitcoin
Newbies who joined last year are evolving to long-term holders. The market cap for 6-month+ old BTC takes 52% now. It was 13% at the cyclic top.
Unlikely to hit the previous low($28k) as the newbies will wait for other newbies in the next cycle.
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👉🏼 @TgBitcoin
BREAKING: Charles Schwab ($7.5 trillion AUM) files for a Crypto Economy ETF
The index-tracking fund would invest primarily in the stocks of companies involved in the space.
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👉🏼 @TgBitcoin
The index-tracking fund would invest primarily in the stocks of companies involved in the space.
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👉🏼 @TgBitcoin
The majority of Bitcoin wallet groups are currently in net accumulation, with the smaller holders being the most aggressive.
This map represents the Bitcoin accumulation account for each wallet group.
🟦 indicates what objects are adding to their balance.
🟥 indicates that objects do not accumulate.
💎 @TgBitcoin
This map represents the Bitcoin accumulation account for each wallet group.
🟦 indicates what objects are adding to their balance.
🟥 indicates that objects do not accumulate.
💎 @TgBitcoin