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BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

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Tag: Revenue

BitPay Transactions Surpassed $1 Billion in 2018

Category: Business, Finance, News, Platform

BitPay Transactions Surpassed $1 Billion in 2018

According to a press release (Jan. 16, 2018), BitPay saw increased growth in 2018 including a 78 percent increase in workforce and a 7 percent decrease in funds lost to error. Success Story BitPay apparently had a very fruitful 2018 despite the bitcoin price slump in the later part of the year. According to a press release, the blockchain payment…

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Thai Authorities Set to Use Blockchain Technology To Fight Tax Evasion

Category: Altcoins, Blockchain, Finance, News, Platform, Tech

Thai Authorities Set to Use Blockchain Technology To Fight Tax Evasion

In a bid to curb the menace of tax evasion and ensure workers pay their correct tax amounts, Thailand’s Revenue Department has announced it would use distributed ledger technology (DLT) and machine learning for tax avoidance probes, according to a Bangkok Post report on November 5, 2018. Thai Authorities Unleash DLT on Tax Evaders According to sources close to the matter,…

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Coinbase Could Bring in Close to $1.3 Billion Revenue in 2018

Category: Bitcoin, Blockchain, Exchange, Finance, Investment, News, Platform

Coinbase Could Bring in Close to $1.3 Billion Revenue in 2018

Coinbase Inc., one of the biggest cryptocurrency exchange platform in the U.S., is reportedly projecting revenue for the year of nearly $1.3 billion, according to a Bloomberg report from October 30, 2018. Billion Dollar Revenue Despite Crypto’s Massive Slump Although the cumulative value of all major cryptocurrencies has tumbled by more than 70 percent during 2018, the most significant digital…

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Investors Defy Crypto Market Correction to Remain Optimistic

Category: Altcoins, Bitcoin, Ethereum, Finance, Investment, News

Investors Defy Crypto Market Correction to Remain Optimistic

According to a September 6, 2018 report in Business Wire, investors are still generally keen on investing in cryptoassets over the coming year despite the general crypto market downturn. This is one of a number of insights presented in the Mid-Year Cryptocurrency and Blockchain survey by SharesPost. Unchanged Optimism As a FINRA-registered broker-dealer, SEC-registered Alternative Trading System (ATS) and Registered…

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House Always Wins: Binance to Earn up to $1 Billion in 2018

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, News, Regulation, Tech

House Always Wins: Binance to Earn up to $1 Billion in 2018

The CEO of Binance, one of the world’s largest and fastest-growing crypto exchanges, stated he expects net revenue of $500 million to $1 billion in 2018. CEO’s Overwhelming Optimism Despite the recent not-so-favorable situation in the crypto industry that has recorded billions of dollars in losses, crypto exchanges are still raking in billions, Binance being one of the leaders. Binance…

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Coincheck Remains Profitable After Paying $432 Million For NEM Hack

Category: Altcoins, Bitcoin, Business, Finance, News

Coincheck Remains Profitable After Paying $432 Million For NEM Hack

Coincheck, the cryptocurrency exchange platform has announced revenue of $490 million in Financial Year 2018. This is one of the first glimpses of the revenue earning a potential of a cryptocurrency enterprise in an industry where finances are usually kept secret. The cryptocurrency market had a stellar 2017 as indicated in the figures released by Monex Group, who acquired Coincheck…

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