Coinbase could reach $49.2 billion in revenue exiting 2025 under a bullish outlook of mass crypto adoption, rising interest among institutional investors and the sector growing to $6.8 trillion in total size. Under a more conservative crypto market cap estimate of $3.4 trillion, the firm would more than double revenues to $21.3 billion by 2025. Source
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This past summer the American multinational technology company, Amazon, published two job listings for a blockchain lead and a digital currency expert. Now Amazon Web Services (AWS) is looking for a principal digital assets specialist that can “help drive adoption across the global digital asset community.” AWS Is Looking for a Principal Digital Assets Specialist One of the ‘Big Five’ tech companies, Amazon, has shown signs of interest in cryptocurrency solutions and blockchain technology for quite some time now. For instance, on May 26, 2020, the company patented a “distributed…
Aaron Rodgers, quarterback for the Green Bay Packers football team, has said he will be taking part of his National Football League salary in Bitcoin. In a video posted to his Twitter account on Nov. 1, Rodgers — dressed as fictional character John Wick, likely for Halloween — said he would be partnering with Cash App to take a portion of his salary in Bitcoin (BTC). The NFL reported in July that Rodgers would be earning a $1.1 million base salary on top of a $14.5 million signing bonus and…
Canadian miner Bitfarms plans to grow its mining capacity to more than 2 exahashes (EHs) per second in November after hitting a record hashrate last month, according to a SEC filing on Monday. The miner’s October bitcoin product rose 12.5% from September, due to production from its newly built, larger production facility in Cowansville, Québec. The company increased its mining capacity to 1.8 exahashes. “With new miner deliveries en route and deliveries continuing throughout November, this month we expect to grow our hashrate to over 2 EH/s and improve our…
NFL superstar Aaron Rodgers offered a resounding endorsement of bitcoin on Monday, tweeting that “I believe in Bitcoin & the future is bright.” The longtime Green Bay Packers quarterback and three-time MVP revealed that he’s working with Square’s Cash app to receive an undisclosed amount of his salary in bitcoin for the first time. New York Giants star running back Saquon Barkley said in July he would be receiving all his future endorsement money in bitcoin, while several other NFL players have also said they would get part of their…
The Recording Academy and OneOf, a green nonfungible token (NFT) marketplace backed by legendary record producer Quincy Jones, have announced an exclusive partnership centered around the next three years of Grammy Awards in an unsigned statement on the Grammys website. Details on specific NFT collections will be released in January but will celebrate both the awards themselves and nominees and recipients. Some of the money from the sale of the assets will go toward funding the Recording Academy scholarship fund. OneOf, built on the Tezos blockchain, is specifically designed with musicians and…
“Uptober” is over, but as Zhu Su tweeted earlier on Nov. 1, the crypto market rally could extend through “Upvember, Upcember” and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH), primarily because each hit new all-time highs. And even though the prices are consolidating now, traders are still wildly bullish. Uptober, Upvember, Upcember — Zhu Su (@zhusu) November 1, 2021 The steady emergence of the Metaverse is also driving excitement within the crypto sector, as it promises to be one of the driving forces behind…