Saturday, March 25, 2023
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Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023

For 2022, Coinbase said it remains "cautiously optimistic" that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption that crypto prices do not deteriorate significantly and that customer behaviors don't change. "For 2023, we’re preparing with a conservative bias and

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The Philippines pushes back against foreign exchanges, continuing a protectionist streak

The pressure on crypto is growing swiftly in the Philippines. After a recent series of controversial moves from the state regulators and local think tanks, the country’s central bank published a warning to the citizens, discouraging them from engaging in any operations with unregistered or foreign crypto exchanges. The announcement

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On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear

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Continuing Its Crypto Market Takeover, Binance Fires Up BNB Futures

Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.As the 17th cryptocurrency available on Binance’s futures trading branch, BNB comes with 50x leverage, paired against Tether’s USDT stablecoin, Binance detailed in a Feb. 7 press release provided to CryptoX.BNB pumped with the rest of

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