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Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report published Tuesday, mainly due to Ethereum’s Merge and lower Bitcoin prices. See related article: Bitcoin mining difficulty dips 0.5% over two weeks after hitting record highFast factsIn the quarter that ended on Dec. 31,
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The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining. Source
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Oil and gas major Shell recently reported its highest-ever profit inflow of approximately $40 billion for 2022.Shell (LON: SHEL) has posted its highest-ever annual profit of $40 billion, which comes in the company’s full-year 2022 earnings report. On Thursday, the British multinational oil and gas firm reported adjusted earnings of $39.9
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The crypto ecosystem was quick to presume that Robinhood’s social accounts, which have 1.6 million followers across Instagram, Twitter and Facebook, had been hacked, and that the launch of the RBH token on the Binance Smart Chain was a fraudulent crypto project. Original Source
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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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Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and Alameda Research.According to a Jan. 25 report from CNBC, the unredacted filings show that as of Jan. 14, BlockFi had $415.9 million worth of assets linked to FTX,
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Computer mice, keyboards, and webcams maker Logitech has lowered its full-year sales outlook after an underwhelming fiscal Q3 2023 report. Logitech International SA (NASDAQ: LOGI) recently posted its Q3 2023 earnings report, which showed a 22% drop in quarterly sales. The underwhelming performance also underscored Logitech’s preliminary results, with a halt
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Bitcoin (BTC) set yet another multi-month high before the Jan. 18 Wall Street open as United States macroeconomic data fell far wide of expectations.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewU.S. PPI numbers fall wide of the markData from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $21,646 on Bitstamp.A
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New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results.Morgan Stanley (NYSE: MS) recently posted its Q4 2022 earnings report, surpassing consensus estimates. The New York-based banking giant received a significant boost in its latest quarterly bottom line from record wealth management revenue.For Q4 2022,
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Barclays’ resilient performance in Q3 is a testament to the bank’s highly diversified business model and income streams despite notable economic headwinds that played out.British multinational banking giant Barclays PLC (LON: BARC) has posted a better-than-expected net income following the release of its performance report for the third quarter (Q3).
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