Bitcoin’s comeback, XRP doubles in a week, Coinbase’s big profits: Hodler’s D...
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekBitcoin suddenly hits $60,000 as a new resistance battle liquidates $850 millionA bout of long-overdue volatility has hit the crypto markets, propelling Bitcoin to highs of $61,276.67 on Saturday.A sudden push allowed BTC/USD to exit the $50,000 price range in the early hours of the morning. This move had been....
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The largest cryptocurrency’s 200% CAGR presents a serious challenge to even the most successful crypto business strategies. The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013. Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it used its seed funding cash to buy BTC.Coinbase profits lose out to 2013 hodlersAhead of its initial public offering on April 14, Coinbase reported bumper revenue this week. At $1.8 billion, Q1 outperformed the....
During the first quarter, Coinbase’s active users increased by 120% while trade volumes tripled. The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance.According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and total revenues of $1.8 billion. However, the firm fell slightly short of its expected $3.07 per share.By contrast, the company generated $585 million in revenue amid Bitcoin’s rally into new all-time highs during the fourth quarter of 2020, and just....
Bitcoin. As we look back on the week Bitcoin was clearly a win. Up from ~ $630 to $710 since this time last week. Ethereum on the other hand, was a loser, down from ~ $13 to ~ $10.75. Happily, our readers were on the right side of these trades for the last week. Having a good week is cause for celebration, but there is always next week to consider. Is it time to take profits on our positions? Let’s start by looking at bitcoin’s daily chart. As you can see the latest advance began after pricetime cleared the 3rd arc [pair. It went almost straight up until it hit the 1×2 Gann angle, where it....
PRESS RELEASE. To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit.
Bitcoin’s high volatility has made a comeback and currently presents more opportunities for traders to make profits. Taking advantage of the price swings and leverage offered by brokers, trading can easily generate 100% or even 1,000% ROI.
It’s important to point out only traders who....
Data shows most mining companies have outperformed Bitcoin so far in the year, largely contributed by the rising BTC miner profits. Daily Bitcoin Miner Profits Have Risen To $62 Million This Week As per the latest weekly report from Arcane Research, miners have seen another rise in the daily profits this week. They are now […]