Cryptocurrency Analysis and News Portal
Overall for the third quarter, Tesla reported adjusted earnings per share of $1.05, beating the consensus of analyst estimates reported to FactSet of $1.00 a share, on revenue of $21.45 billion, shy of a $21.98 billion estimate. Shares of Tesla were falling just over 4% to $212.83 in after-hours trading
Read More
Ethereum, dubbed as the “king of all altcoins” and the second largest cryptocurrency in terms of market capitalization, managed to trim its
Read More
In times of fear of a WWIII, inflation, recession and energy shortage most of the investment instruments suffer substantial losses. Stocks, gold and mostly cryptocurrencies are
Read More
According to data from Bloomberg, money flowing out of crypto exchange-traded funds has slowed down by 97% in Q3 compared to Q2. Investors pulled $17.6 million from crypto ETFs in Q3 in comparison to a record withdrawal of $683.4 million from the ETF in Q2. The second quarter of 2022 saw record
Read More
Big banks including Citigroup, BNY Mellon, Goldman Sachs and State Street made SAB 121 shout-outs in their most recent quarterly earnings reports, perhaps laying the accounting disclosure groundwork for their own crypto custody plans. None of them had any crypto-asset holdings to account for in the second quarter, however. Source
Read More
"Looking forward to the coming quarters, we see a tougher market environment from the lower bitcoin price level, overall increased energy price, and various pandemic and geopolitical uncertainties globally, which may all jeopardize the demand and price for our products," CFO James Jin Cheng said. Source
Read More
The price of bitcoin fell about 1.5% to $27,250 following the news. Source
Read More
The second quarter of the year was dramatically bloody for Bitcoin. The coin ended Q2 down by 56% with the price dropping from $45,000 to $19,900, experiencing its worst quarter since Q3 2011. Bitcoin is now playing with its $20k level, a key zone. Bitcoin trading at around $20k in the
Read More
The leading cryptocurrency in the world, Bitcoin (BTC), saw its worst quarter-over-quarter drop in 11 years. According to data from CoinGecko, BTC has lost over 57.43% in the second quarter of 2022. Additionally, by selling below $19,000 on the final day of Q2, Bitcoin had its most significant quarterly loss
Read More
Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months. The second quarter ending Thursday saw Bitcoin’s price fall from around $45,000 at the start of the quarter to trade at $19,884 before midnight EST
Read More