USDC, the fifth most popular cryptocurrency coin, and trusted stablecoin, lost its peg to the US dollar on Saturday, March 11, 2023. The coin’s value decreased from $1 to a low of $0.887. The majority...
Tag: Profit
Mysterious Shiba Inu (SHIB) Trader Nets Huge Profit Selling Ethereum (ETH) During USDC Depegging: On-Chain Data
A mysterious Shiba Inu (SHIB) trader pocketed millions of dollars in the wake of the USD Coin (USDC) depegging, according to on-chain data. Blockchain tracking firm Lookonchain says that as the USDC s...
Helium on last leg in Lebanon despite high adoption as profit, utility remain elusive
Ad Lebanese are starting to disconnect and give up on Helium boxes as the cost of keeping them online has become increasingly unsustainable and unprofitable, Wired reported. Lebanon has become a hotbe...
Aramco Saw Record Profit in 2022- Largest Annual Profit by Oil and Gas Company
Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022. The Saudi Arabian Oil Group, also known as Aramco, anno...
Saudi Aramco Posts Blowout Annual Profit and Raises Dividend
(Bloomberg) — Saudi Aramco unexpectedly increased its dividend and said it would boost spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices. M...
Two bond ETF strategies that may help investors profit from rate hikes
Interest rate jitters are meaningfully pushing investors to the shorter end of the yield curve, according to Joanna Gallegos, co-founder of fixed-income ETF issuer BondBloxx. Gallegos, former head of ...
Tesla Battery Supplier Beats Profit Estimates. It’s Citing Soaring EV Demand.
Tesla battery supplier Contemporary Amperex Technology, or CATL, beat annual earnings expectations Friday, strengthening its status as the world’s largest electric-vehicle battery maker. The Chinese l...
Tesla Supplier CATL Smashes Profit Estimate as EV Sales Soar
(Bloomberg) — China’s Contemporary Amperex Technology Co. Ltd. reported annual earnings that beat estimates on stronger demand for cleaner cars, underscoring its dominance as the world’s biggest...
Trader Pockets 1,393% Profit in Minutes on Shiba Inu Imitator After Vitalik Buterin Triggers Arbitrage Opportunity
A blockchain-tracking platform says that one trader has netted more than 1,300% profit on a Shiba Inu (SHIB) imitator. According to Lookonchain, when Ethereum (ETH) founder Vitalik Buterin sold Shikok...
Hut 8 Boasts $60M in 2022 Mining Profit
Nasdaq-listed Canadian mining outfit Hut 8 Mining Corp has reported a 19.6% drop in year-on-year digital asset revenue in 2022 despite mining 28% more Bitcoin (BTC). The firm, which recently announced...
Windfall tax all but wipes out North Sea oil giant’s £2bn profit
KRT18T North Sea, Oil production with platforms. Aerial view. Brent Oil Field. – Martin Langer/Alamy Stock Photo The North Sea’s biggest oil producer has warned it will be forced to cut staff an...
GE Sees Growth in Aerospace Profit Margins After Breakup
(Bloomberg) — General Electric Co. expects profit margins at its aviation division to continue to expand over the long term as an independent business, the company said Thursday. Most Read from ...
JD stock rises after profit beat and dividend initiated, while revenue comes up shy
The U.S.-listed shares of JD.com Inc. JD, +0.88% rose 1.0% in premarket trading Thursday, after the China-based ecommerce company beat fourth-quarter profit expectations and initiated a dividend, but ...
United Natural Foods Stock Plunges After Slashing Profit Guidance
United Natural Foods stock plunged more than 23% early Wednesday as the food distributor slashed its profit outlook for 2023 and withdrew long-term financial targets. The company (Ticker: UNFI), which...
Fed says interest rates poised to go ‘higher than previously anticipated.’ Here’s a simple way to profit from that
Fed Chair Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. mandel ngan/Agence France-Presse/Getty Images As part of the continued effort to reduce inf...
Sea Founder Reaps $915 Million One-Day Gain With Surprise Profit
(Bloomberg) — Sea Ltd.’s stunning 22% pop tacked on more than $900 million to the personal wealth of founder Forrest Li, a vindication for the Chinese-born internet tycoon who presided over the ...
Could SingularityNET and Cocos-BCX investors profit from TMS Network’s presale?
The crypto sphere can surprise with regular frequency! The first two months of 2023 supplied two wonderful surprises to holders of Cocos-BCX (COCOS) and SingularityNET (AGIX), both seeing incredible g...
Billionaire Forrest Li’s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit
Forrest Li, chairman and group chief executive officer of Sea Ltd., poses for a photograph in … [+] Singapore on Wednesday, July 8, 2020. Demand for Sea’s mobile games and online-shopping ...
First Quarterly Profit Ever Sends Tech Stock Surging
Sea Ltd (NYSE:SE) is surging today, last seen up 22.3% at $80.73, after the tech name reported its first quarterly profit, which came in at $ $1.29 cents per share — beating Wall Street’s ...
Singapore’s Sea Posts First Profit After E-Commerce Holds Up
(Bloomberg) — Sea Ltd. reported its first-ever profit, a milestone in the Southeast Asian gaming and e-commerce giant’s turnaround effort to convince investors of its money-making potential. Mos...
SE Stock: Sea Limited Posts Surprise Profit
Sea Limited (SE) early Tuesday delivered a surprise profit as it crushed expectations for sales and earnings in the fourth quarter. SE stock jumped in early trading. X Sea earned 72 cents a share on r...
In profit 74% of those who hold the crypto Bone
The BONE crypto is the token of ShibaSwap, which is the DEX of the Shiba project. However, while Shiba Inu’s token, SHIB, during 2023 has gained only 36%, BONE since the beginning of the year has post...
ETHDenver 2023 Ran a Profit. That Could Mean Payouts for $SPORK Holders
Wholly-owned by SporkDAO LCA, Bufficorn Ventures writes small checks to “really, really early” crypto companies to help them get going, Paller said. Bufficorn has easy access to this pre-seed landscap...
Just 16% of Ethereum Stakers Are in Profit Ahead of Shanghai Upgrade
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Ethereum’s Shanghai upgrade is just around the corner and that means users are starting to place their bets. All of the ...
Over 95% of holders of this AI token are currently in profit, data shows
Although the majority of the cryptocurrency market has been recording losses in recent days, weighing down on the gains from the year’s turn, the artificial intelligence (AI) hype, reinvigorated by th...
Short-term Bitcoin holder profit exceeds 70%; similar trend seen after each bear market bottom
Definition This metric provides a breakdown of the percent of Bitcoin Sovereign Supply that is in profit and held by Long-Term Holders (blue) and Short-Term Holders (red). Sovereign Supply is defined ...
52.89% Litecoin [LTC] investors in profit: Will the other shoe drop?
52.89% of LTC holders hold at a profit. The LTC market is currently plagued by low investor conviction. Following a 33% price rally year-to-date, data from IntoTheBlock indicated that there has been a...
The Simple Way to Profit From Crypto Betting – Sponsored Bitcoin News
sponsored Logium, an ambitious newcomer to the world of crypto betting, has recently undergone a noteworthy refresh to better serve its users. What is Logium? Logium is a peer-to-peer platform that al...
$33 billion fintech giant Revolut reports first-ever annual profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to ...
Revolut Exhibits Substantial Profit, Financial Accounts Say
Revolut released the first-ever annual profit of 2021. The company had a net profit of almost 26 million pounds. The revenues of the company tripled to almost 636 million pounds. According to the fina...
Revolut posts over £26 million profit in first full year of profitability
United Kingdom-based challenger bank Revolut has recorded its initial full-year profits as the neo-banking platform expands its products in different jurisdictions. The fintech firm registered a prof...
Fintech Giant Revolut Boasts First-Ever Annual Profit After Crypto Boom
Topline Fintech giant Revolut, one of Europe’s most valuable startups, reported turning its first ever annual profit in 2021 on Wednesday, a major milestone for the company spurred on by soaring publi...