Category: Markets

[ad_1] Crypto exchange Coinbase posted its earnings this morning and showed strong revenue numbers ahead of its April 14 public listing, documents show. The exchange is one of the biggest crypto businesses and one of the first in the US to be offered to the public. Coinbase posts stellar figures The release showed Coinbase made…

[ad_1] The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets”…

[ad_1] Tesla on July 20 revealed that it sold 75% of its Bitcoin (BTC) holdings in the second quarter of 2022. According to the electric car maker shareholder’s deck, its Bitcoin trade brought $936 million to its balance sheet. Reports had predicted that Tesla’s Bitcoin holding was going to record an impairment loss of over…

[ad_1] Crypto payments infrastructure provider Ripple revealed in its second-quarter earnings report on July 28 that it saw a significant increase in the demand for its associated XRP token. Ripple continues to grow Ripple has been able to make major strides when it comes to increasing the utility of its XRP ledger and On-Demand Liquidity…

[ad_1] MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that the company will create a new role of executive chairman, which Michael Saylor will fill. Meanwhile, Phong Le, the company’s president and chief financial…

[ad_1] Online dating company Match Group has cut back on its Metaverse Dating and Tinder Coin plans following disappointing Q2 results. In an earnings letter to shareholders, the company, which operates the Tinder, Match, and OkCupid brands, among others, announced an overhaul of the Tinder management team, including the departure of its CEO Renate Nyborg.…

[ad_1] Coinbase Global Inc (COIN) saw its stock price rise 18% on August 3, closing the day at $80.81 — a price not seen since May 31. During after-hours trading, COIN traded relatively flat, giving up less than 1% of its earlier gains. Source: Coinbase Global Inc. on TradingView.com Amid plummeting cryptocurrency prices, the company…

[ad_1] London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-off loss of £17.7 million due to the collapse of Terra. Combined revenue, gains, and other income for the quarter,…

[ad_1] Commission-free stock, options, and cryptocurrency trading platform Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market. Company CEO blames woes on rising inflation Vlad Tenev, chief executive for Robinhood, highlighted his plan to reduce 23 percent of the company’s workforce during a meeting earlier this…