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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...
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
Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May
4.5.2023
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will supposedly demonstrate a turnaround in the economy of...
Bitcoin Price Prediction as MicroStrategy Reports Profit Related to Bitcoin Holdings – Will Michael Saylor Buy More Bitcoin?
2.5.2023
In this Bitcoin price prediction, we explore the impact of MicroStrategy's recent announcement of profits related to its Bitcoin holdings on its value. We also ponder whether the company's CEO, Michael Saylor, will consider purchasing more Bitcoin in light of these positive financial results. ...
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
2.5.2023
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak...
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
1.5.2023
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable...
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
29.4.2023
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding...
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
28.4.2023
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector...
Ripple Sold $336M Worth of XRP Tokens in Q1; Reports Strong XRPL Growth
28.4.2023
Ripple has continued to sell XRP only in connection with its international transaction product
Revolut taps Koinly for cryptocurrency tax reports
28.4.2023
Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users
Binance Reportedly Removes Restrictions on Russian Users
27.4.2023
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which...
US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%
26.4.2023
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors...
Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea
25.4.2023
Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating...
Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News
17.4.2023
This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian Bremmer insisted that claims of the U.S. dollar...
Twitter to launch crypto and stock trading in partnership with eToro: Reports
13.4.2023
The popular social media app is looking to introduce crypto and stock trading options from within the app as Musk aims to penetrate financial markets
Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered
10.4.2023
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple...
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
9.4.2023
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year....
Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador
7.4.2023
According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing...
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
7.4.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising...