Trust in Crypto
"The current economic conditions in the crypto market have made it attractive for WonderFi to
be able to acquire companies like BCF, which carry the potential to complement our core
operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid
digital assets, and a po
For the three and nine months ending
June 30, 2022, revenues were $2.9
million and $3.2 million, respectively,
as opposed to nil for the
corresponding three and nine months
From Q2 2021, total revenue climbed by 14% to $42
In comparison to a net loss of $4
million and an overall loss of $9
million in Q2 2021, the net loss in
Q2 2022 was $142 million.
Compared to $24 million, or 65% of revenue, in Q2 2021 and
$21 million, or 53% of revenue, in Q1 2022, adjusted EBITDA
was $19 million, or 45% of revenue.
Coinbase Global, Inc.
said in its shareholder letter that the decline in crypto asset prices
significantly impacted its second quarter financial results, which were in line
with the outlook provided in May.
Net revenue was $803 million,
down 31% compared to Q1, due
to lower transaction volume.
Without non-cash impairment charges, the net loss
would have been $647 million.
Despite the continued market
weakness, Coinbase served 9.0
million MTUs in the second
quarter, a decrease of 0.2 million
or 2% from Q1.
Total trading volume fell to $217 billion, down 30% from the
For Q1 2022, Hive Blockchain reported digital currency
mining revenue of $44.2 million, an increase of
approximately 13% over the prior year, primarily due to
increased Bitcoin production due to facility acquisitions
in Quebec and Atlantic, in addition to expansions of the
company's flagship Europea
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