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US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls
5.5.2023
Recent data reveals that while the banking industry in the U.S. is facing significant challenges, executives are mentioning “credit tightening” more frequently in earnings calls than during the 2008 financial crisis. Additionally, Google Trends data indicates a surge in search queries...
Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty
5.5.2023
Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share
Cash App Bitcoin revenue tops $2 billion in the first quarter
5.5.2023
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App
Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”
4.5.2023
Crypto exchange Coinbase reported higher revenue in its first quarter, while also pushing for “crypto specific rules,” in its latest earnings report.
Total revenue grew 23 percent quarter over quarter to $773 million, according to a Coinbase shareholder letter released on Thursday afternoon.
The...
Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
4.5.2023
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said
Coinbase Shares Rise as Q1 Revenue Grows 23% From Q4 to $773M
4.5.2023
The crypto exchange reported first quarter results after the close on Thursday
Coinbase Losses Expected to Narrow; Analysts Seek Details About International Exchange
3.5.2023
Traders of U.S.-based crypto exchange Coinbase (COIN) will likely get some relief when the company reports first quarter earnings for 2023 on Thursday
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
3.5.2023
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks...
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
2.5.2023
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit...
Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide
28.4.2023
The crypto mining company is in a stronger position now, interim CEO El-Bakly said
Metaverse division's $4B loss drags on positive first quarter for Meta
27.4.2023
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023
Bitcoin Regains $28K Amid Mildly Encouraging Tech Earnings, Liquidation of Short Positions
25.4.2023
BTC climbed Tuesday afternoon as Google and Microsoft's first-quarter earnings surpassed expectations. Both equities and Treasury yields were down on Tuesday, however
First Mover Asia: Crypto Flat as Markets Await Tech Earnings
25.4.2023
ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class
Tesla Earnings: No Changes to Bitcoin Holdings in Q1 2023 – Here's How Much BTC Tesla is Holding
20.4.2023
Electric car maker Tesla revealed on Wednesday that its bitcoin (BTC) holdings remained untouched during the first quarter of 2023.
According to Tesla’s quarterly earnings report, the value of the “digital assets” held on the company’s balance sheet stood at $184 million, which is the same it...
Tesla Made No Changes to Bitcoin Holdings in First Quarter
19.4.2023
The company booked a gain of $XX million on its bitcoin holdings
Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings
17.4.2023
BTC dropped as low as $29,292 on Monday before slightly rebounding. The surge from $28,000 last week was “largely untested,” one analyst says
BTC price heading under $30K? 5 things to know in Bitcoin this week
17.4.2023
Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters
12.4.2023
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s...
First-Quarter Performance Recap: CoinDesk Market Index Up 58%, BTC Gains Amid Banking Crisis
11.4.2023
‘Big Short’ Investor Michael Burry Says He Was Wrong to Advise Selling; Congratulates ‘BTFD Generation’
2.4.2023
Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump...