Investors often claim that you can’t see the full damage of impermanent loss until funds are withdrawn. According to the experts at Amberdata though, this isn’t the case. All data is open and measurab...
Tag: Loss
Galaxy Digital’s Stock Rises Despite Posting $555M Q2 Net Loss
The company’s assets under management stood at $1.7 billion at the end of Q2, down 40% from the prior quarter Mike Novogratz labels BlackRock’s deal with Coinbase “a monumental shift” for the industry...
Galaxy Digital’s Q2 Net Loss More Than Triples to $554.7M Amid Market Downturn
The larger loss was mainly the result of the crypto market downturn and investments in Galaxy’s trading business, the firm said on Monday. The firm reported a loss of $182.9 million for the seco...
‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rate...
Buffett’s Berkshire Hathaway reports $44 billion loss as portfolio value falls
Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway’s many op...
Jack Dorsey’s Block Reports $36M Impairment Loss on Bitcoin Holdings
Block Inc., the digital payments company co-founded by Jack Dorsey, reported a $36 million Bitcoin impairment loss in the second quarter, something the company attributed to “broader uncertainty aroun...
Solana-hacked crypto could be claimed as a tax loss: Experts
For unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the r...
MicroStrategy Takes A $917 Million Impairment Loss On Its Bitcoin Stash As Crypto Prices Tumble ⋆ ZyCrypto
Advertisement     MicroStrategy, the largest bitcoin holding-publicly-traded company in the world, took a non-cash digital asset impairment charge in the third quarter...
Canopy Growth swings to big loss as revenue falls 19%
Canopy Growth Corp. CGC, -8.48% WEED, -6.91% shares fell 6% in premarket trades Friday after the company said it lost C$2.08 billion ($1.61 billion), or $5.23 a share in its fiscal first quarter, comp...
Michael Saylor Reveals Why He Exited MicroStrategy’s CEO Post Amid a $918,000,000 Bitcoin Loss
MicroStrategy founder Michael Saylor is stepping down as CEO of the firm as the business software company reports incurring a $917.8 million Bitcoin (BTC) loss during the second quarter of the year. I...
Saylor’s Billion Dollar Bitcoin Loss Is a Big Win, Argue Crypto Proponents
The billion dollars that MicroStrategy has lost on Bitcoin is actually a big win, according to Michael Saylor and numerous other crypto insiders. While mainstream media outlets such as the Wall Street...
Warner Bros. Discovery sinks on $3.42 billion loss, HBO Max restructuring plan revealed
Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in t...
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-of...
French Banking Giant Societe Generale Posts 3.3 Billion Euros Loss in Q2
The bank reported a revenue hit of 7 billion euros for the quarter while its operating expenses topped 4.5 billion euros. French multinational banking giant Societe Generale SA (EPA: GLE) posted a 3.3...
CoinShares reveals loss in second-quarter earnings driven in part by UST collapse
Digital asset manager CoinShares reported losses in the second quarter as the firm suffered over $21 million in losses following the de-pegging and subsequent collapse of TerraUSD (UST). Adjusted earn...
Early Terra (LUNA) Investor Reveals $3,600,000,000 Loss Following Historic Crypto Collapse: Report
A crypto investor who got in early to Terra (LUNA) is reporting staggering losses in the billions. According to a new report by Bloomberg, Simon Seojoon Kim, a South Korean crypto investor and early L...
MicroStrategy’s CEO, Michael Saylor, folds amid a $1B loss
Michael Saylor, the CEO of MicroStrategy (MSTR), is a well-known cryptocurrency enthusiast. It’s been said that he has handed over operational control of MicroStrategy to others. On Tuesday, MicroStra...
Robinhood to Layoff 23% of its Workforce Following Q2 Loss
Three months ago, Robinhood laid off 9% of its full-time employees. 713 workers would be impacted by a 23 percent drop in employment. Retail investing giant Robinhood has had a wild year. The fintech ...
CoinShares reports $21.7M loss tied to Terra implosion
On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pound...
CoinShares Announces a Loss of Over $21 Million Due to Terra Collapse
Coinshares – the largest digital asset investment group in Europe – has published its quarterly financial report. In it, the company laid out its performance during the past 3 months and its anticipat...
Michael Saylor Ditches CEO Position As MicroStrategy Suffers $1 Billion Loss
Michael Saylor is vacating his position as MicroStrategy’s chief executive to become Executive Chairman, focusing on the company’s bitcoin strategy, according to a statement posted by MicroStrategy, T...
MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role
MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that th...
Bitcoin Maverick Michael Saylor Drops CEO Role At MicroStrategy After Reporting $1 Billion Loss
One of the biggest Bitcoin proponents Michael Saylor has stepped down from the position of CEO of his business intelligence firm MicroStrategy. The announcement came on Tuesday, August 2, as the compa...
JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares
JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways shares tumbled more than 6% Tues...
PayPal shares up 15% as a string of good news cloaks Q2 loss
Shares of PayPal Holdings Inc (NASDAQ: PYPL) are up nearly 15% in extended trading on Tuesday even though the fintech company swung to a loss in its fiscal second quarter. Why are PayPal shares up aft...
Nomad Bridge Suffers $190M Loss in Chaotic Copy-Paste Attack
In the early hours of August 2, Nomad bridge posted an alert that it was aware of an ongoing exploit. In the following hours, the entire protocol’s funds of more than $190 million were drained. Crypto...
As Aston Martin Triples Loss, Survival Might Require A Takeover
Aston Martin DBX-707 (Photo by Emanuele Perrone/Getty Images) Getty Images As troubled luxury sports car maker Aston Martin tripled losses in the first half, a cash injection was seen as inadequate an...
Loss Ballooned At China Tavern Chain Helens Amid Lockdowns
Women wearing face masks look at a smartphone as they stand on a street corner in Beijing on July 6. … [+] Residents of parts of Shanghai and Beijing have been ordered this month to undergo furt...
40% Of All BTC In Circulation Are Currently In Loss
The analyst points out a strong accumulation zone BTC Price at the time of writing – $23,762.52 The 2018/19 accumulation zone had a persistent run of 6 months Bitcoin is encountering one of the ...
40% of all BTC in circulation are currently in loss, but analyst points out a strong accumulation zone ⋆ ZyCrypto
Advertisement     Bitcoin is experiencing one of the most challenging stages of its journey to being a widely adopted asset class. Still, these challenging times are n...
Gloom Returns to China Stocks With Worst Monthly Loss in a Year
(Bloomberg) — Chinese stocks plunged Friday to cap a brutal month which marked the return of almost all the worries that have spooked investors for much of the past one year. Most Read from Bloo...