COIN shares have dropped in after-hours trading as the crypto exchange missed earnings estimates, blaming “softer market conditions.” Source: https://cointelegraph.com/news/coinbase-drops-after-hours-q3-2024-earnings-miss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Visa-Coinbase Partnership Unleashes Real-Time Crypto Funding Power
Visa and Coinbase’s new partnership promises instant, round-the-clock funding for crypto trading, allowing U.S. and EU users real-time access to trading opportunities. Coinbase and Visa Join Forces to Break Crypto Funding Barriers Payment giant Visa has joined forces with crypto exchange Coinbase to offer real-time account funding for Coinbase users in the U.S. and EU […] Source: https://news.bitcoin.com/visa-coinbase-partnership-unleashes-real-time-crypto-funding-power/
Coinbase Shares Dip After Earnings Miss as Crypto Exchange Plans $1 Billion Buyback
Cryptocurrency exchange Coinbase reported a decrease in revenue from the previous quarter Thursday, finding its customers were less engaged in trading crypto over the summer. Company sales fell to $1.2 billion in Q3 2024 from $1.45 billion in the previous quarter, while coming in below analysts’ expectations of $1.26 billion, according to FactSet data. Meanwhile, Coinbase reported a $75 million…
5% of US voters identify as single-issue crypto voters — Paradigm poll
According to Paradigm, 20% of individuals surveyed indicated that they currently hold or have previously purchased crypto. Source: https://cointelegraph.com/news/5-percent-voters-single-issue-crypto-voters-paradigm-poll?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A New Era in Crypto Accessibility
Coinbase (NASDAQ:COIN), a leading cryptocurrency exchange, recently teamed up with Visa to enhance crypto accessibility by enabling real-time deposits via Visa’s Direct network. This Coinbase Visa partnership allows eligible Coinbase users to transfer funds instantly into their accounts using a Visa debit card, marking a significant shift towards seamless and instant financial transactions within the crypto space. This article explores…
Reddit offloads most of its Bitcoin, Ether holdings
The bulk of Reddit’s cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant. Source: https://cointelegraph.com/news/reddit-offloads-most-bitcoin-ether-holdings?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MicroStrategy Plans to Raise $42 Billion to Buy More Bitcoin
Bitcoin development company MicroStrategy today reported a loss with its latest quarterly results—but the company is going all-in on the orange coin. In a Wednesday announcement, the company (NASDAQ: MSTR) said it plans to raise $42 billion of capital over the next three years to buy more Bitcoin. The strategy is part of the firm’s “21/21 Plan,” MicroStrategy CEO Pong…
‘You Did the Right Thing’: FTX Exec Nishad Singh Avoids Prison Time
Nishad Singh, once the chief engineer at collapsed crypto exchange FTX and a key deputy to co-founder and former CEO Sam Bankman-Fried, avoided a lengthy prison stay Wednesday when he was sentenced to time served and three years of supervised release by a federal judge. He is now a free man. Singh had been a key witness against Bankman-Fried, who…
Experts: Microsoft’s Bitcoin Consideration Reflects Growing Corporate Acceptance
Experts see Microsoft’s consideration of investing in bitcoin as a sign of growing acceptance among public companies to use cryptocurrency as a diversification strategy to maintain market dominance and protect shareholder value. Microsoft Proposal Reflects Shifting Strategy of Corporate Treasury Teams Reports suggesting Microsoft might use some of its cash reserves to acquire BTC indicate […] Source: https://news.bitcoin.com/experts-microsofts-bitcoin-consideration-reflects-growing-corporate-acceptance/
Roland Emmerich Details Plans for ‘Space Nation’ TV Show Tied to Ethereum Game
Development for a TV show based on blockchain game Space Nation Online is underway, executive produced by Roland Emmerich, the director of “Independence Day” and “The Day After Tomorrow.” The show is expected to amp up the drama and stakes around the sci-fi IP while potentially expanding the reach of the connected game. Emmerich and fellow executive producer Marco Weber…