Unbank.World BTM Company: Monthly Manhattan Revenue Exceeds US$270,000
Emilio Pagan-Yourno says he has a strong drive to succeed, which is why he decided to create the first company to place Bitcoin ATMs (Bitcoin transaction machines, or BTMs) in New York, Vermont and New Hampshire. In the beginning, he had the idea to “just put these machines all over.” He explains: Pagan-Yourno is in his last semester at Marist College in Poughkeepsie, NY, studying information technology systems, a major that he calls “simple.” He says he’s been “bored since his sophomore year.” The boredom led him to seek ways to keep himself busy doing things that were interesting. “My....
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Mt. Gox - the self-proclaimed world's largest bitcoin exchange - is losing its place. BTC China now has the highest monthly volume among exchanges, with about 1,031,000 BTC (at the time of this writing). The news comes as interest in Bitcoin in China has spiked over the last several months, prompting millions of buys from the Chinese, subsequently driving up prices around the world. How will Mt. Gox fare in the months ahead?
Despite being America's most populated city, New York City hasn't seen a terrible lot of bitcoin ATM action (namely the Manhattan borough) since the rainfall of ATM machines from a slew of manufacturers have seemingly rained down all over the world. But according to New Hampshire-based Lamassu (the bitcoin ATM manufacturer who would appear to have the most devices out in the wild), their very first unit has touched down in Manhattan. The company tells us it's the first bitcoin ATM in Manhattan, full-stop, but we cannot independently verify that information (New York City is massive, after....
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s surging prices helped push revenue higher. ● The price of bitcoin soared more than 50% last month to a new all-time high of $19,864 reached on Nov. 30. ● Altogether, Argo has extracted a total of....
Coinbase brought in over $2 billion in revenue and saw monthly transacting users grow 44%.
Coinbase raked in $1.8 billion revenue in the first quarter of this year according to new figures released one week prior to the company’s public listing on the Nasdaq. Coinbase has announced impressive first quarter results one week before the exchange’s direct listing on the Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit $1.8 billion.The bountiful revenue, revealed in the company’s Q1 earnings call, dwarf its $190 million revenue from the same time last year with the company attributing a portion of this explosive growth to Bitcoin’s bull market. The U.S....