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04 March 2021

Blockchain Bites: $187M Blockchain Bond, $522M BTC Mining Revenue and 'Ethereum-First' Institutional Investors - CoinDesk

Blockchain Bites: $187M Blockchain Bond, $522M BTC Mining Revenue and 'Ethereum-First' Institutional Investors - CoinDesk


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“Ethereum has along the same lines of the staying power Bitcoin has.” (Grayscale is owned by CoinDesk’s parent company, Digital Currency Group.).

German’s second-largest stock exchange also reported that in November there were several days where the app saw record daily trading volumes exceeding €35 million ($42.3 million) on its crypto-first Bison trading app, with bitcoin, ether, XRP, litecoin and bitcoin cash functionality far exceeding expectations.

Mining revenue Bitcoin miners generated an estimated $522 million in revenue in November, up 48% from October and the highest since late 2019, according to data from Coin Metrics.

The sharp revenue increase came as bitcoin rallied 40% in November.

Despite significant intra-year volatility, mining revenue measured by terahash per second (TH/s) is roughly flat year to date from roughly $0.138 per TH/s on Jan 1 to $0.135 per TH/s at last check.

Additionally, network fees slightly decreased from October to November – from a $13 average transaction fee at the start of November to below $3 near month’s end.

The market’s total open interest in bearish positions decreased slightly in early November, though is still up from September levels.

The companies announced last month they would form an industry group with law firm Hogan Lovells, aiming to bring industry participants together “with the goal of bringing credibility and integrity to DeFi projects around the globe,” according to a press release.

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