Browsing the "Financial Reporting" Tag

Square Brought in Over $166 Million Through Bitcoin Sales Last Year

| Yogita Khatri

Mobile payments firm Square has reported its revenue and profits from bitcoin sales in 2018.

Australian Regulator Trials Blockchain to Automate Transaction Reporting

| Yogita Khatri

Australian financial regulator AUSTRAC is trialing blockchain technology to automate reporting of cross-border transactions by institutions.

Nvidia Says Crypto Drop-Off Helped Drive ‘Disappointing’ Fourth Quarter

| Daniel Palmer

Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall.

GMO Internet’s Crypto Business Reports $12 Million Loss in 2018

| Yogita Khatri

Japanese IT giant GMO Internet has reported an operating loss of nearly $12 million for its crypto business in 2018, with mining worst hit.

Chip Maker TSMC Reports ‘Big Drop’ in Crypto Mining Revenue

| Yogita Khatri

Chip-making giant TSMC has reported a significant drop in revenue for its crypto mining segment in 2018.

GMO Quits Selling Mining Machines After Crypto Market Downturn

| Yogita Khatri

Japanese IT giant GMO Internet plans to stop making and selling crypto mining machines, only months after launching its B3 miner.

Mike Novogratz

Mike Novogratz’s Galaxy Digital Reports $76 Million Q3 Loss

| Yogita Khatri

Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported losses for the first nine months of 2018.

GMO Reports $5.6 Million Q3 Loss on Crypto Mining

| Yogita Khatri

Japanese IT giant GMO has reported a loss from crypto mining in Q3, but there was more positive news for its exchange business.

Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018

| Wolfie Zhao

South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.

GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2

| Wolfie Zhao

After a net loss reported in Q1, the Japanese IT giant says it made an 11 percent profit through its crypto business this last quarter.