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United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline.Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by Wall Street analystsTransaction volumes decreased 12% compared
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The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with a
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The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some of the students insisted
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D.A. Davidson analyst Chris Brendler downgraded Coinbase (COIN) to neutral from buy after a more than doubling in the stock in 2023 sent the price surging past his $55 price target. Source
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“Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time,
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Alphabet posted a less-than-savory Q4 2022 report that reflects the current tech downswing and looming recession. Alphabet Inc (NASDAQ: GOOGL) recently posted its Q4 2022 results, which showed earnings miss on its top and bottom lines. As a result, the tech giant’s stock slid nearly 4% in the after-hours session, eroding some of
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During the fourth quarter, Tesla reported automotive revenue of about $21.3 billion and total revenues of about $24.31 billion.Tesla Inc (NASDAQ: TSLA) shares closed Thursday trading at $160.27, up 10.97 percent from the day’s opening price. Tesla shares spike has been attributed to record 2022 Q4 earnings results that beat
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When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures. The United States stock market is seeing a great deal of mixed activity with the futures tied to the Dow Jones Industrial Average (INDEXDJX: .DJI) soaring up by inching upward
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Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices
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Leading European tech company ASML has given higher guidance for its 2023 outing following a sound Q4 2022 earnings report. Advanced Semiconductor Materials Lithography (ASML) recently posted its Q4 2022 financial report, which beat the earnings forecast for the period. Europe’s largest technology company raked in 6.43 billion euros for the
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