With well over 125 million active users a month uTorrent is by far the most used BitTorrent client. Because of its success the software is also the main source of revenue for San Francisco based parent company BitTorrent Inc. It is estimated that the company currently generates between $15 and $20 million in annual revenue but this figure is expected to rise after it was quietly announced that uTorrent will become ad-supported.
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With prominent cryptocurrencies like
Bitcoin (BTC) and
Ethereum (ETH) trading at record high levels, retail investors have been looking at minor cryptocurrencies for gains. Since the year began, DOGE has returned over 4,842.81%. Yet, it s not the only low-priced cryptocurrency seeing interest this year.
BitTorrent (BTT)
: The token associated with the popular peer-to-peer file transfer network has returned 2,600.91% since the year began. BTT traded 1.6% lower at $0.078 at press time and has fallen 19.01% on a seven-day trailing basis. BitTorrent Inc issued a warning this month to followers on social media not to fall victim to a rumor regarding an upcoming BTT token burn on June 25. The token rumors had fueled a rise in the value of the cryptocurrency last month.