Bitcoin 

Institutional Interest in Crypto Doubles in Q2

A senior executive at cryptocurrency asset management giant Grayscale has stated that institutional investors are constantly piling into the space in 2019. Grayscale says institutions were always active Speaking in an interview with news outlet The Block on Oct. 8, the company’s director of sales and business development Rayhaneh Sharif-Askary said that business had been consistent while growing throughout this year. Q2 alone saw $85 million come from investors — twice as much as in Q1 — with institutional investors contributing more than 80% in total. Sharif-Askary explained: “You know,…

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Bitcoin 

Crypto Mining Supply Fails to Meet Market Demand in Q2: TokenInsight

The supply of crypto mining machines failed to meet market demand in Q2 2019 despite the surge of mining hardware prices, new research says. Popular suppliers ran out of stock in Q2 Bitcoin (BTC) miner market saw significant inflation during Q2 2019, with the majority of miners from various suppliers experiencing shortages, according to Q2 2019 cryptocurrency mining industry report by crypto analytics firm TokenInsight. In the report, released on Sept. 13, the San Francisco-based crypto data supplier wrote that the mining equipment market still performed quite well in Q2…

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Bitcoin 

Square Doubles Bitcoin Revenue, Generating $125 Million via Cash App in Q2

Payments company Square has generated $125 million in Bitcoin (BTC) revenue in the second quarter of 2019 through its mobile payments service Cash App. Square released the information in the company’s Q2 2019 shareholder letter on August 1. According to the letter, the company’s Bitcoin revenue benefited in part from the number one  cryptocurrency’s price rally over the quarter. As a result of this price growth, there was also a correspondingly increased volume of Bitcoin, they say. This resulted in a $2 million gross profit for the company. Cash App…

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Bitcoin 

How Does Q2 2019 Compare to the Past

For crypto markets, the second quarter of this year has been the best three-month sequence since the bear turn of early 2018 put a brutal end to the dreams that the explosive growth of coin prices was to go on forever. Market capitalization ballooned from $144 billion on the last day of March to $339 billion on the last day of June, while bitcoin (BTC) caught both cryptocurrency aficionados and skeptics off guard by pulling off a spectacular rally from just over $3,000 to $11,000. Although prices are the most visible…

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Bitcoin 

UK-Based Crypto Mining Firm Argo Upgrades Q2 2019 Forecast Due to Market Rally

London-based cryptocurrency mining firm Argo Blockchain has significantly upgraded its 2019 second quarter forecast in light of the crypto market upturn. The news was reported by Alliance finance and stock market news agency for London South East on June 3. Following news of Argo’s revised forecast, shares in the firm reportedly spiked 20% to 6.29 pence (around $0.08) during morning trading hours today. The firm has a market capitalization of £18 million (around $22.8 million), Alliance notes. By the end of Q2 2019, Argo revealed it expects to generate 420…

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Bitcoin 

Canaan May Begin New York IPO by End of Q2 2019, Anonymous Sources Tell Bloomberg

Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on Jan. 8, quoting anonymous sources. Canaan, China’s second-largest hardware player, could begin selling its shares in a private placement in the first half of this year, according to the people familiar with the matter who declined to reveal their identity. Canaan, like industry leader Bitmain Technologies, had originally planned to conduct an IPO in Hong Kong, but the $400 million plans lapsed in November. Without quoting the anonymous sources…

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