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Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses?
10.8.2023
Coinbase is launching its Ethereum (ETH) layer-2 scaling solution Base, which could help reverse the company's streak of six consecutive quarters of losses.
The new platform aims to enable developers to build their own crypto applications, expanding Coinbase's revenue streams beyond its core...
Galaxy Digital Narrows Losses To $46 Million, Maintains Strong Liquidity Position At $696 Million In Q2 2023
9.8.2023
Galaxy Digital's latest earning report shows a major reduction in losses to $46 million as the cryptocurrency market grows through the second quarter of the year.
The New York-based firm led by CEO Michael Novogratz has recorded a change in fortunes since Bitcoin (BTC) surged slightly over...
Cardano-Based MuesliSwap to Refund ‘High Slippage’ Losses for Users
9.8.2023
Users are said to have lost varying amounts of funds by setting slippage too high due to a “misunderstanding.”
Crypto Exchange Coinbase Narrows Losses Thanks to Cost Reduction Strategy
4.8.2023
Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.
Coinbase’s loss for the quarter came in at $97 million, down from $1.1 billion a year before, the firm’s...
Web3 Gamer: Zuckerberg’s metaverse losses, NFT game on Discord, Gods Unchained hot take
3.8.2023
Instagram CEO Zuckerberg’s $40B metaverse losses, AI-powered NFT RPG on Discord, new Web3 eSports platform and a hot take on Gods Unchained
Biggest Movers: MATIC Bounces From 4-Week Low, After Collision With Key Support Point
2.8.2023
Polygon rebounded from a four-week low on Wednesday, as bulls rejected a breakout below a key support point. The wider market cap was mostly higher in today’s session, led by the optimism surrounding Microstrategy’s latest bitcoin investment. Chainlink also jumped higher after recent losses....
Analyzing Mark Zuckerberg's Metaverse Investment: $21 Billion in Losses So Far
1.8.2023
Facebook boss Mark Zuckerberg’s metaverse push has so far cost his company $21 billion, with little to show for in terms of real results, according to a recent Bloomberg opinion piece.
For the massive amount of money spent on developing a metaverse, Zuckerberg and Facebook-owner Meta have only...
Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble
1.8.2023
As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions. Cascading Effect: Bitcoin’s Fall Under $29K Sparks $92 Million...
$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan
31.7.2023
Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan...
Pond0X token launch snafu leads to millions of dollars in losses
28.7.2023
Investors reported they lost up to $2.2 million when the developer of Pond0x allegedly mishandled the token’s launch
Meta Q2 earnings: Reality Labs losses top $7.7B year to date
27.7.2023
Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022
Bitcoin Risks Deeper Price Losses Below 50-Day Average: Analysts
26.7.2023
A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said
Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday
25.7.2023
Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded X platform. The latest surge took the price to its highest level since early May. Avalanche was another notable gainer today, rebounding from recent...
Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
24.7.2023
The two protocols will implement a standard for issuers to control the "canonical" minting of tokens, helping to reduce losses from unofficial bridges
Retail investors join the hype of DigiToads presale as Cardano traders suffer major losses
24.7.2023
In a surprising turn of events, retail investors are now joining the hype train of DigiToads presale as Cardano traders face significant losses. The allure of potential gains has seen DigiToads capture the attention of retail investors. DigiToads enormous growth potential in the face of Cardano’s...
Over 70% of Spanish Crypto Traders Declared Losses in FY2022 – Report
21.7.2023
Over 70% of Spanish crypto traders declared losses in the financial year 2022, a new report has found.
Per the media outlet Europa Press, the claims were made by TaxCripto, an accountancy firm that specializes in preparing tax returns for crypto holders.
The declared losses were significantly...
Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses
17.7.2023
Hector Network's HEC and TOR tokens, and its treasury, suffered major losses related to Multichain. The project is based on Fantom
XRP Short Traders Log Highest Losses in 2023 After Landmark Court Ruling
14.7.2023
XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022
Economist Peter Schiff Warns All Banks Will Fail, People Will Suffer Massive Losses as Banking Crisis Unfolds
12.7.2023
Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed. Peter Schiff Warns About All Banks Failing Economist and gold...
DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined
7.7.2023
The top 100 DeFi tokens had a mixed week. Most tokens traded in the same range as the previous week, with a minor bearish correction