Block released its Q4 earnings on Thursday, reporting $1.96 billion in bitcoin revenue during the period.
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Crypto exchange Coinbase said it earned $2.5 billion in net revenue during Q4 of 2021 in a Thursday earnings release.
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As happened in 2014, international — especially European — dependence on Russia’s economy has stalled those plans.
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The ongoing rout in cryptocurrencies has sent companies offering services in the space into a tailwind, with Coinbase trading down more than 30% year-to-date.
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Quick Take
- Cryptocurrency payment gateways provide a trusted and easy integrable service for businesses seeking to accept cryptocurrencies as payment.
- Price volatility risk is lowered by automated conversion to fiat at the point of sale.
- Major companies such as American Red Cross, Microsoft, Newegg, Shopify, Twitch, and Wikimedia all accept cryptocurrency as payment.
Sam Cassatt’s web3 infrastructure startup has emerged from stealth with $34 million in funding.
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Bitcoin continues to dislike uncertainty despite its promise as a hedge asset.
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$500 million in ETH is in danger of liquidation if a Maker vault holder fails to top their vaults before the price ETH falls below $2,100.
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Gemini’s addition to CCI, alongside the recent addition of Sheila Warren, signal a major shift for a crypto policy organization that has been dormant for most of the past year.
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China can now issue sentences if funds are raised via crypto from the public as the country’s Supreme Court has amended Criminal Law.
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