Critique on Helium’s $6.5K monthly revenue causes a stir
The “complete lack of end-user demand for Helium should not have come as a surprise,” noted Web3 critic Liron Shapira. A recent critique from author and entrepreneur Liron Shapira on the Helium blockchain project has caused a strong debate over the long-term prospects of the company. Founded in 2013, Helium is an Internet of Things- (IoT)-focused blockchain that is building a decentralized peer-to-peer wireless telecommunications network via its own machine networking tech.In a Twitter thread on Tuesday, Shapira, a heavy critic of Web3, questioned the hundreds of millions of dollars worth....
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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%.
Helium's token soars to a new all-time high as the number of active nodes increases and the community begins making key governance decisions. Helium is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes.Since July 2020, Helium’s native token, HNT, has increased 550% in value from $0.35 to a 2021 high of $2.25 on Jan. 25 as fundamentals for the network continue to improve. Three reasons why HNT is poised for continued growth are the increasing size and coverage of its node....
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....
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in December. ● Argo did not reveal how much it spent buying the reserve BTC, but bitcoin prices during the last half of January oscillated between $30,000 and $38,500. The company said it now holds the equivalent of 501 in....