Day: February 24, 2023

Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022

Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash App declined by 25% to $35 million in Q4 2022. According to the report, the total Bitcoin sold, which the company refers to as Bitcoin revenue, was $1.83 billion representing a 7% drop. Block said Cash App accounted for losses in Bitcoin revenue and gross profit compared to the same period of the previous year. The significant decline in Bitcoin’s price triggered…

VC blockchain and crypto funding drops off in Q4 2022: Report

2022 will go down as a tough year for the cryptocurrency space and bleak market conditions were mirrored by a downtrend of venture capital funding flowing into blockchain and crypto activities. A report from Blockdata highlights consecutive drops in funding through all four quarters of 2022, following booming venture capital funding into the wider Web3 space through 2021. Analyzing data from CB Insights, Blockdata rounded off 2022’s final quarter of venture capital funding value noting a 34% decline from Q3 2022. The last quarter of the year was down drastically…

Web3 Streaming Platform Audius Partners with TikTok on Another New Feature

With AUDIO, the token of the Audius platform, listeners could send tips to any artist who publishes their music on the platform, whether they have a massive following or not. Web3 music platform Audius has collaborated with the social media platform TikTok on another new functionality. In an announcement on Thursday, the company introduced a new function that would allow new users of the music platform to easily create accounts by linking their TikTok profile. Eventually, listeners can conveniently import their handle data and transfer their TikTok verification status to…

Netflix Shares Slide as Streaming Giant Slashes Subscription Prices in Low-growth Regions

Netflix shares dropped 5% after the company announced it is slashing prices in Asia, the Americas, and the Middle East. Netflix (NASDAQ: NFLX) recently saw its shares fall following news that the company had slashed its subscription prices. According to reports, the streaming giant attempted to increase subscriber growth by slashing prices by 50% in more than 30 countries. A Thursday statement by Netflix read: “We’re always exploring ways to improve our members’ experience. We can confirm that we are updating the pricing of our plans in certain countries.” The price…

BlueWallet users urged to withdraw funds

boss

BlueWallet is sunsetting its lightning node connection to Lndhub.io according to an official statement. BlueWallet will cease custodial Lightning operations–meaning that BlueWallet users of the Bitcoin (BTC) Lightning Network must connect to nodes to continue using BlueWallet lighting services. What does BlueWallet sunsetting LndHub mean for you? – If you use BlueWallet for on-chain bitcoin: ✅ nothing– If you use other LndHub services (like LightningTipBot, LNbits, Alby): ✅ nothing– If you use the Lightning account hosted by them: ⚡️ Move your sats out Read on — calle ⚡️ (@callebtc) February…

Binance Looking to Hire Developers, Support Staff in Romania – Exchanges Bitcoin News

boss

Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto exchange by trading volume, intends to hire a number of professionals this year for its technology hub in Iași, Romania’s third largest city. The hub was established in 2022 and the company is now recruiting its staff. Job openings…