Cryptocurrency exchange Coinbase recently released its Q2 earnings report, revealing significant revenue despite facing overall losses. The report highlighted various financial figures, including revenue, net loss, adjusted earnings, and transaction revenue. Additionally, Coinbase discussed its market performance and future plans. In Q2, Coinbase reported a total revenue of $708 million, which experienced an 8% decline
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The potential approval of Spot Bitcoin ETFs by the Securities and Exchange Commission (SEC) has been a topic of discussion in the cryptocurrency community. However, MicroStrategy co-founder and former CEO, Michael Saylor, has made it clear that these approvals would not influence the company’s “Bitcoin Strategy.” In fact, Saylor believes that MicroStrategy’s unique approach to
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In a surprising and enigmatic move, Bitstamp, Europe’s leading cryptocurrency exchange, has set the XRP community abuzz with speculation by teasing a forthcoming announcement related to the XRP token. On Twitter, the Luxembourg-based exchange shared a short video accompanied by the hashtags #XRP, #XRPL, and #XRPLedger, along with a simple yet tantalizing caption: “tomorrow.” The
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The Australian Securities and Investments Commission (ASIC) has taken legal action against leading online trading platform eToro over alleged violations of financial regulations related to cryptocurrency derivative products. This lawsuit comes as a result of two-thirds of Contract For Difference (CFD) traders reportedly losing funds. The ASIC has accused eToro of contravening the design and
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The LUNC community has been striving to revive the ecosystem’s native LUNC token, but recent data from an artificial intelligence (AI) algorithm raises concerns about the effectiveness of these efforts. According to PricePredictions, a state-of-the-art crypto analysis and forecasting platform, Terra Classic’s (LUNC) price is projected to decline to approximately $0.000076 by the end of
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