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Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%

7:45am, 29th August, 2023

Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%

Bitcoin mining firm Canaan posts second quarter financials, with Bitcoin mining revenue up 43% from Q1 2023, though net loss also rose 31% to $110 million.

Bitcoin bulls risk trading range loss as BTC price nears 2-month lows

3:41am, 17th August, 2023

Bitcoin bulls risk trading range loss as BTC price nears 2-month lows

Bitcoin almost breaks down from its sideways construction in place for months, and Bitcoin bulls are struggling to prop up the market.

Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

8:00pm, 13th August, 2023

Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack.

Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

6:46pm, 9th August, 2023

Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production.

Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013

12:03pm, 2nd August, 2023

Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013

A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework.

AI Eye: AI content cannibalization problem, Threads a loss leader for AI data?

8:33am, 17th July, 2023

AI Eye: AI content cannibalization problem, Threads a loss leader for AI data?

The reason AIs will always need humans, religous chatbots urge death to infidels, and is Threads’ real purpose to generate AI training data?

Atomic Wallet exploited, users report loss of entire portfolios

2:31pm, 3rd June, 2023

Atomic Wallet exploited, users report loss of entire portfolios

Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.

Bancor DAO hit with class-action suit over impermanent loss protection promises

4:39pm, 16th May, 2023

Bancor DAO hit with class-action suit over impermanent loss protection promises

The pioneering DAO allegedly offered “risk-free” products that cost American retail investors tens of millions of dollars in losses.

$190B Ontario pension says no to crypto after FTX investment loss

6:27am, 21st April, 2023

$190B Ontario pension says no to crypto after FTX investment loss

The pension fund had invested twice in the now-bankrupt crypto exchange once during the peak bull run in 2021 and another in early 2022.

‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax

2:24am, 18th April, 2023

‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax

Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly.

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