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Blockchain

36% of Gen Z spend Crypto on Daily Purchases


Cryptocurrency payments are gaining prominence among numerous user cohorts for daily transactions and even high-value payments, signaling that digital assets are evolving beyond speculative tools.

Gen Z users stand out in terms of daily transactions, with 36% spending their digital assets on gaming-related expenses and 35% on daily purchases and travel bookings.

However, Gen X dominates high-value spending, with 40% of users in this age group preferring to use crypto for travel, digital products, and real estate, according to a Bitget Wallet survey of…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

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by Tech In Asia

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