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Last week, Bitcoin surged to its highest point since April , fueling excitement among traders who are hopeful for the approval of a spot Bitcoin ETF. This optimism stems from recent applications submitted by various companies, including BlackRock, a prominent player in the financial industry. ...
In a significant development for the cryptocurrency industry, the Monetary Authority of Hong Kong (HKMA) and the UAE Central Bank (CBUAE) have joined hands to foster cooperation and establish regulatory frameworks . The two entities met on May 30, 2023; the meeting signified the announcement o...
2023-05-31 16:44:33 ET Summary BIT Mining Limited reported $72.9 million in Q1-23 revenue, up from $61 million in the prior quarter. While the company touts 4 distinct business models, 82% of the company's revenue comes from mining pools. BIT Mining continues to burn cash and ...
2023-05-30 16:15:02 ET BIT Mining press release ( NYSE: BTCM ): Q1 Non-GAAP EPADS of -$0.39. Revenue of $72.87M (-75.4% Y/Y). Non-GAAP operating loss 1 was US$5.2 million in the first quarter of 2023, as compared with non-GAAP operating loss of US$0.1 million for t...
BIT Mining Limited Announces Unaudited Financial Results for the First Quarter ended March 31, 2023 PR Newswire AKRON, Ohio , May 30, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading techn...
2023-05-29 17:35:00 ET Major earnings expected after the bell on Tuesday include: HP ( HPQ ) Hewlett Packard Enterprise Company ( HPE ) Ambarella ( AMBA ) Box ( BOX ) JOYY ( YY ) For further details see: Notable earnings after Tuesday's close
BIT Mining Limited to Report First Quarter 2023 Financial Results on May 30, 2023 PR Newswire AKRON, Ohio , May 26, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cry...
2023-05-19 12:29:28 ET BIT Mining ( NYSE: BTCM ) has teamed up with Chain Reaction, a blockchain-focused semiconductor company, to produce faster and more power-efficient systems for bitcoin ( BTC-USD ) mining, it said Friday. The relatively low-power-consuming systems, ...
BIT Mining and Chain Reaction Form Collaboration for Bitcoin Hashing Systems PR Newswire BIT Mining is Designing Systems for Next-Generation of Miners Based on Chain Reaction's Cutting-Edge EL3CTRUM ASIC s AKRON, Ohio , May 19, 2023 /PRNewswire/ --...
One of the largest online payment companies in the world, PayPal, has revealed that it owns roughly $1 billion worth of crypto on its financial statement . According to the company's balance statement, it has customer assets in litecoin (LTC), Bitcoin cash (BCH), ether (ETH) and Bitcoin (BTC).Th...
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Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia recently ruled that secondary BNB sales and crypto are not securities offerings . This ruling marks a notable victory for Binance.US as several claims from the U.S. Securities and Exchange Commission (SEC) were dism...
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