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Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire which posted a final profit of $5.7 billion. While the $4 billion loss follows a $14 billion loss in 2022, Zuckerberg
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The value of digital assets held by Tesla at quarter's end was $184 million, flat from 2022 Q4. The valuation remained flat even as bitcoin (BTC) rose to about $28,500 at the end of Q1 from $16,500 three months earlier, as current accounting rules don't allow such gains to be
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Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump
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"It's all about expectations of new easing measures by central banks, especially the Fed," Martin Leinweber, digital assets product strategist at MarketVector Indexes, told CoinDesk TV. "Among all risk assets, bitcoin stands out as being the most sensitive to liquidity swings." Original Source
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Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major players. Stock Exchange
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Walmart still maintains a significant market share and investors appear pleased with the firm’s performance thus far. Walmart Inc (NYSE: WMT), the largest retail chain in the United States has reported a strong holiday quarter revenue despite cautious spending on the part of consumers. According to the financials shared by
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Analysts surveyed by FactSet anticipate Coinbase’s revenue fell to $589 million in the final quarter of the year, down just a hair from the $590 million reported in the previous quarter, which was already crippled from negative sentiment in the crypto space following the bankruptcy of crypto lender Celsius Network
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Galaxy Digital Holdings CEO, Mike Novogratz, believes there's a chance Bitcoin (BTC) could return to $30,000 or above before the end of March.According to a Feb. 15 Bloomberg report Novogratz spoke at a Bank of America conference the same day and said he would’ve been the “happiest guy” if 2022
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The value of its digital assets was $184 million, down from $218 million at the end of the third quarter due to impairment charges from a decline in bitcoin's price. At the end of the third quarter, the price of bitcoin was slightly under $20,000, while at the end of
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