Cryptocurrency Analysis and News Portal
SoftBank, a Japanese conglomerate that has invested in crypto companies, reported a record quarterly loss of $23.4 billion. The company attributed the loss to the global tech stock sell-off and rapid fall of the yen, according to an earnings presentation. Source
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Last week, when the June monthly candle came to a close in Bitcoin, it also signaled the end to the second quarter of the year and its first half. The top cryptocurrency suffered its worst quarterly decline since 2011, but it ultimately held above a key support level. Here is a
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The company funded its growth and capital expenditure plans with the sale of mined bitcoin. Original Source
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With the chaotic phase that the crypto market is going through, Tether (USDT) trading volume in Q1 of 2022 plunged lower compared to the same quarter of last year. The total Tether transaction for the first quarter of 2022 is 26,454. Even though the bearish trend has seen many investors turning
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Ryanair hopes to improve its operational outlook in the coming years with the plans to acquire some new jets from Boeing.Swords, Ireland-based budget airline Ryanair Holdings plc (NASDAQ: RYAAY) has released its last quarterly report and outlook, posting a loss of €96 million ($107 million). The loss was better than
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Crypto-focussed Silvergate Bank's Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3.The bank's digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September, according to an announcement on Tuesday.Average digital currency customer deposits also increased to $13.3
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Voyager Digital’s estimated revenue for the quarter ended Dec. 31, 2021, was $165 million, more than double the $81.5 million figure of the previous quarter.The total revenue for the calendar year 2021 is estimated to be $415 million, the crypto exchange announced on Wednesday.Additionally, Voyager’s net new deposits for the
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By enabling payments through the Flexa network, supporting merchants can more easily and trustlessly accept payment in BTC, ETH, and other digital assets. The Flexa network is one of a number of projects intended to accelerate the development of the blockchain into a mature peer-to-peer money system, according to Grayscale. Original
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Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism. In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community.
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The review warned that stablecoins like DAI, which are backed by crypto assets, are “exposed to market risk, because the value of these assets can quickly drop below the face value of stablecoins.” The crypto arena doesn’t have a fallback like banks that can provide liquidity at times of stress,
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