Latest from Michael Bellusci
Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3
The payments firm said bitcoin revenue and gross profit fell in the third quarter versus the prior quarter due to the relative stability in bitcoin prices.
VCs Invested Record $6.5B in Crypto, Blockchain in Q3: CB Insights
Coinbase Ventures was the most active investor in the quarter by far, with 24 deals.
Coinbase Users Can Borrow Up to $1M With Bitcoin as Collateral
The crypto exchange’s customers can obtain cash via their PayPal or bank accounts.
Crypto Trading Platform AscendEX Raises $50M From Backers Including Alameda Research
The platform has reached over $200 million in average daily trading volume.
Coinbase Is Testing a Subscription Service With No Trading Fees
Spread fees will still apply to each trade.
Marathon Digital Holds $457M in Bitcoin After Increase in October Mining
The bitcoin mining company’s production rose 23% over the previous month.
OLB Group Surges 90% After Saying It’s Ready for Mastercard Bitcoin Payments
The move comes as payment firms seek to integrate cryptocurrency into their offerings for merchants.
Coinbase Revenue Could Hit Nearly $50B by 2025, Investment Firm Says
Hayden Capital’s prediction for 2021 revenue of $8.8 billion is higher than other analysts’ estimates
NYDIG Purchases UK Payments Startup Bottlepay for $300M in Stock
Bottlepay allows users to make micropayments and send funds via messages on Twitter, Reddit and Discord.
MicroStrategy Adds Almost 9,000 Bitcoins to Its Holdings in Third Quarter
The company’s bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.4 billion.
