Coinbase Revenue Dips By Nearly 50% Amid Crypto Winter
The crypto market continues to express more decline in the value of most assets, especially Coinbase. Also, the intense bearish trend is creating tighter conditions for almost all firms. The overall effect results in adverse reports on the performance of the companies. Related Reading: Dogecoin Shows Bullish Bias As $0.12 Support Holds; Will $0.15 Be Breached? Recently, Coinbase, the most prominent American crypto exchange, released its report for the third quarter of 2022. However, the data about its revenue are not impressive. In addition, the exchange published its 3Q report recently,....
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The boss of the world's largest crypto exchange said we've been through this before as a community. Binance CEO, Changpeng Zhao, commonly known as “CZ,” said in a recent interview that a potential crypto winter is good for business.When asked how Binance will fare during the current crypto winter following reports of recruitment freezes at Gemini and Coinbase, he answered confidently. “It’s not the first time we’ve gone through a crypto winter. If we are in a crypto winter, it would be my third and Binance's second. So it's not the first time we’ve been through this.”Some climbing ahead.....
Coinbase is already licensed to trade cryptocurrencies in the United Kingdom, Ireland and Germany. Coinbase is expanding its operations into various countries in Europe amid a "crypto winter." Despite laying off numerous employees and rescinding job offers, Coinbase's vice president Nana Murugesan revealed intentions to register in Italy, Spain, France and the Netherlands.In Switzerland, the United States-based cryptocurrency exchange has already hired its first employees, and it is already licensed to trade cryptocurrencies in the United Kingdom, Ireland and Germany.In an interview on....
Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain. Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto prices were hitting record highs. Now, in the depths of crypto winter, Coinbase finds itself slashing a fifth of its workforce, losing retail trading volume and contending with downgrades of its credit and stock.This week’s Crypto Biz dissects Goldman Sachs’ latest downgrade of....
UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies.
UBS Expects Crypto Winter That Could Last Years
Switzerland’s largest bank, UBS, has warned of a crypto winter where prices crash and may not recover for years. The bank’s analysts, led by James Malcolm, recently explained in a note to clients several reasons why cryptocurrency may lose its attractiveness to investors this year.
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The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week.
With Fewer Crypto Ads, Google Registers 6% Ad Revenue Growth in Last Quarter
Online advertising giant Google has partially blamed a slowdown in revenue growth on decreasing ad spending by financial firms, including those working with crypto assets. During parent company Alphabet’s earnings call on Tuesday,....